We’ve covered the benefits of syndicated lottery tickets, but here are some things you should know about setting them up.
The most important thing to do is to create a Syndicate Agreement. This will serve to dispel any misunderstandings and help avoid future disagreements.
A Syndicate Agreement should cover which draws you are entering and the amounts each member contributes, when payments are due, which numbers to use, what happens if someone misses a payment, a process for adding new members or allowing existing members to leave, whether you go public or not in the event that you won a large prize, what do you do with small winnings, where you keep your tickets and who is responsible for managing the process.
You should also decide on whether you buy your tickets offline or online. If you choose offline, then you should agree a rota for checking the tickets. Depending on how many tickets your syndicate buy for each draw, checking the results can be quite time consuming. One of the benefits of playing online is that you needn’t check your tickets as were you to win, you’d receive an email.
Once you have an agreed Syndicate Agreement in place, you can relax in the knowledge that you have just multiplied your chances of winning a lottery jackpot by the number of members in your syndicate. And hopefully, you will one day own one of the statistical 1 in 4 lottery jackpots winning tickets that belong to a syndicate.
No comments:
Post a Comment