Lottery syndicates online

Reply #20

LottoMetro — Thu, 11 Dec 2014 12:58:51 GMT

They loosened their interpretation of the Federal Wire Act but they have not officially come out and said this is legal. Basically they just sent a memo stating what is expressly prohibited, and everyone accepts it as law.

Even if it is/was legal, it is still illegal for third-parties to sell lottery tickets by mail or online in the U.S.

Reply #19

HenryPatt — Thu, 11 Dec 2014 12:00:42 GMT

On the subject of being legal, the US justice department made it official in 2011 that it s legal to sell lottery tickets online.

Reply #18

PrisonerSix — Fri, 05 Dec 2014 02:26:36 GMT

Sometimes it's call a lottery pool or a lottery club. Basically, a group puts in money to buy multiple lottery tickets and if they win, they share the prize. I'm not sure I'd play an online syndicate and I wonder if they are even legal. I know it's not legal to buy lottery tickets through the mail whether domestic or foreign.

I run a lottery pool at my office with a total of 11 people in it. We each put in $4 every payday and buy a mix of Powerball, MegaMillions, and Lotto tickets. If we w... [ More ]

Reply #17

bigbuckswede — Thu, 04 Dec 2014 20:00:00 GMT

It's not that hard to understand line and shares.

The syndicate in my first example bought 126 lines, they sell this euromillions syndicate in 126 shares so 1 share equal one line. If we would have won the 63m euro jackpot I would have won 1/126 of the jackpot = 500.000 euro.

On other sites, like one austrailian site I also play on, they buy lets say 10 lotto systems and sell this in 20 shares. The total winnings in this syndicate is shared in 20.

Reply #16

JeetKuneDoLotto — Thu, 04 Dec 2014 14:23:32 GMT

From what has been posted about el gordo in the new forums, perhaps a share is a portion of line.

So for instance if you have a syndicate of 20 people and

There are ten lines.

So there for each line is shared by two people.

If the jackpot is say ten thousand dollars and your line wins, then you only get $5000 dollars.

Just speculating.

There is another website that is competing with this website that offers the abilility to create your own pool.

However that website is cens... [ More ]

Reply #15

noahwill — Wed, 03 Dec 2014 05:58:55 GMT

There's another thing I'm not so sure about...I don't quite get what the difference is between lines and shares

Reply #14

noahwill — Tue, 02 Dec 2014 07:17:55 GMT

I was wondering the same thing so i did some homework and it seems like you can't start your own one but there are a couple already there to choose from.

Reply #13

JeetKuneDoLotto — Mon, 01 Dec 2014 18:05:22 GMT

Do you have to join their syndicate? Are there multiple syndicates?

Can you start your own syndicate at the site

Reply #12

bigbuckswede — Mon, 01 Dec 2014 10:32:10 GMT

I trust them also. But I play after cost/chance ratio. I have made a simple spreadsheet to calculate this.

In Sweden Eurojackpot is the only official multi-country lottery with similar odds of winning like Euromillions. One single line on Eurojackpot here costs $3,33 compared with Euromillions syndicate $17,34. I get more than 5 lines for each Euromillions ticket. Svenska Spel (Swedish gambling company) have plans to include Eurojackpot in their syndicate play, these tickets like regular swed... [ More ]

Reply #11

HenryPatt — Mon, 01 Dec 2014 08:09:51 GMT

I know theLotter specifically had a $1 million winner, so I personally think they are good on their word, but to each his own.

Reply #10

HenryPatt — Mon, 01 Dec 2014 08:05:33 GMT

I think it's a bit strange to compare it to costs in a local store... I mean, if you buy your ticket online it's probably because they don't sell the lottery you want to play in your store...

Reply #9

noahwill — Mon, 01 Dec 2014 07:45:05 GMT

Thanks LottoMetro for your input about the syndicates!

Regarding the sharing agreement, theLotter will set it all up which is why it seemed preferable to getting my own syndicate together. I'm from Australia so i dont have the laws to worry about so that is why playing online works for me. I'm also comfortable using this site because they've been around for 12 years and have a really good reputation. Have you played syndicates yourself

Reply #8

maringoman — Sun, 30 Nov 2014 23:00:39 GMT

Lottery is already a tough nut to crack so when you add the possible difficulty of collecting your pay should you win then it becomes a bad idea to be in a syndicate. In fact I only participate in the work pool to avoid the chance that I might be the only one left if others won, otherwise I don't like pools.

Reply #7

bigbuckswede — Sun, 30 Nov 2014 21:40:15 GMT

I played 1 share also this tuesday. The winnings are shared among all winners but they charge much more on the ticket.

My calculation on Euomillions. First, regular tickets bought at official resellers cost much less. 1 line of euromillions cost 2 euro in most countries, about $2,5. This online reseller sells single lines for $6.25 thats $3,75 added on the real price.

And when they sell tickets in syndicate they add even more fees, a single line now cost $17,34 that's $15 more than regular... [ More ]

Reply #6

destinycreation — Sun, 30 Nov 2014 21:33:38 GMT

Is this like an online lottery pool ??? How can you trust such a concept, with a group of strangers, playing jackpot lotteries ?? Where is Common Sense in this picture

Reply #5

Stack47 — Sun, 30 Nov 2014 21:31:29 GMT

You're forgetting the Aussie syndicate that bought out the Virginia Lotto. But it's easy to forget because rules were changed preventing it from happening again. If I'm considering joining a pool or a syndicate, I want to see what we're playing before the drawing and probably not easy for a syndicate based outside the U.S.

Reply #4

RJOh — Sun, 30 Nov 2014 20:37:17 GMT

I've heard of individuals and pools winning jackpots but I've never heard of a syndicate winning one. Certainly if they buy as many tickets as they claim then they must have won many different prizes but there must be a reason no prize has ever been claimed using an on line syndicate name.

The trouble with on lines syndicates is they're quick to tell players the advantage of playing in such a big group while skipping the difficulties of collecting winnings. Ask plenty of questions before you... [ More ]

Reply #3

LottoMetro — Sun, 30 Nov 2014 19:37:39 GMT

Your expected value of winnings doesn't change; however, your variance decreases. In that sense, it is better to play in a pool. If you don't mind taking less winnings in exchange for more chances to win, then it's a good idea. If you want more winnings at the cost of fewer chances to win, then it's not.

There are other issues of course, especially with sharing agreement and whatnot. Personally, I avoid playing the lottery online because even if you hit the jackpot, there is no real guarantee... [ More ]

Reply #2

destinycreation — Sun, 30 Nov 2014 18:52:29 GMT

What is a lottery syndicate, and how does it work

Reply #1

savagegoose — Sun, 30 Nov 2014 13:44:10 GMT

you get a share of more tickets for the same money. but when those tickets win, you get lesser share of the prize money. i imagine math wise its actually better than buying all your own tickets.

Lottery syndicates online

noahwill — Sun, 30 Nov 2014 12:03:40 GMT

I usually buy my lottery tickets online at theLotter and I see they're now offering syndicates on the site. So now I've been wondering if I should I play syndicates. Has anyone done this before? How much are your odds improved by? What are the advantages and are there any downsides to playing lottery syndicates