This article is designed to show the average national lottery player how to go about the task of starting their own national lottery syndicate. But before we get down to the nuts and bolts, we first need to spend a moment or two talking about national lottery syndicates in general, and why national lottery players should consider starting one even if they are currently quite happy playing as an individual.

A national lottery syndicate is a group of people who play an agreed lottery game on the condition that if any one of them wins, the prize money from that win will be shared equally between all of the syndicate members. The main advantage of starting a national lottery syndicate is therefore quite obvious: you stand a better chance of winning a share of a prize as a syndicate member than you do of winning one as an individual.

Consider the mathematics for a moment. If you play something like the UK National Lottery, and you buy one ticket as an individual, you have a 1 in 13,983,816 chance of winning the jackpot and a 1 in 54 chance of winning any prize at all. But if you start a syndicate which has ten members including yourself, and you each buy one ticket, you the have 10 in 13,983,816 chance of hitting the jackpot and a 10 in 54 chance of winning any prize at all. Whilst it is true that you would only win one tenth of any prize won by a national lottery syndicate, the fact that you would be ten times more likely to win in the first place is fair compensation. And of course, ten per cent of a lottery jackpot is worth a whole lot more than 100% of no lottery jackpot.

The benefits are starting a national lottery syndicate are clear, and the even better news is that it isn’t difficult to do so. In fact, all you have to do is follow three simple steps, as follows:

1 – Gather some friends
The first thing you need in order to be able to get a national lottery syndicate off the ground are members. I suggest that you begin by focusing on family members, close friends and trusted work colleagues, as otherwise there is a greater chance of arguments breaking out – something that is sadly quite common wherever financial agreements are concerned. You can have as few or as many members in the syndicate as you want, but do bear in mind that the more members you have, the more lottery tickets you will need to buy on a regular basis, so you should always aim to keep things to a manageable level.

2 – Establish the syndicate rules
For a national lottery syndicate to be successful, you need to establish rules that all members agree to abide by. For example, you need to decide how much money each member will contribute for tickets on a weekly basis, how the numbers you use on each ticket will be selected (either random allocation or some other method), and who will be responsible for collecting the contributions and buying and checking the tickets every week. These are all very important matters, and it is therefore essential that all members of the syndicate agree on all such points before you proceed any further. If you don’t all agree at this stage then it is likely that arguments and disagreements will break out later, so spend as much time as you need getting a consensus of opinion at the very beginning.

3 – Write it down
You may think that putting your agreement in writing if your national lottery syndicate members are all relatives, friends and trusted colleagues is a bit extreme, but if you are lucky enough to win a jackpot worth several million you will be glad that you have that piece of paper. Even family members can turn nasty when there is a lot of money at stake, so setting out your agreement in black and white and getting all syndicate members to sign it will give you both peace of mind and legal legs to stand on if you need them. When a national lottery syndicate agreement has been created and signed by all members, give a copy to each member and keep the original in a safe place for future reference.

Once you have taken these three simple steps you can begin playing the national lottery as a syndicate. Because syndicates have more chance of winning than individual players (since they buy more tickets) you will probably find that your enjoyment of the lottery increases regardless of whether or not you win, and that makes national lottery syndicates well worth considering no matter who you are.

Claire Jacobs is an avid lottery player with many big wins to her name, but still chasing her first jackpot. Find more of her Lotto articles at http://www.lottery.co.uk

Source: www.a1articles.com