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Pool / Syndicate or Solo player?

Topic closed. 17 replies. Last post 3 years ago by schmuckatelly.

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London
United Kingdom
Member #140684
March 24, 2013
566 Posts
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Posted: October 31, 2013, 6:27 pm - IP Logged

Hi,

I ran a pool of 10 people for about 6 months in Lotto 6/49 in Canada. 

I set up rules of participation and made them all sign them, then collected

$32 to $36 per head every month. We played 40 tickets per draw 8 to 9

times a month. I made the playing very transparent providing everybody

with a copy of all tickets. For about 4 month we were in black (won more

than spent) but then our luck turned and after 2 month of losses the pool

dissolved. Never had any problems with any participant.

I like pooling because, despite what many people think, it does increase

chances of winning and spreads the risk.

Aquarius

If I ever joined a pool, I hope it was run by someone like you. Banana

2016 Won/Lost

EuroMillions / Spent: £22 / Won £0 / Total -£22

UK Lotto / Spent: £4 / Won: £0 / Total: -£4

2016 Total: -£24

Jan: -£22 Feb: £0 ~ Mar: £0 ~ April: £0 ~ May: £0 ~ June: £0 ~ July: £2

 

EuroMillions = £2 Line / Played: x11 [old price] 

EuroMillions = £2.50 Line / Played: x0

UK Lotto = £2 Line / Played x2

    noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
    Bay Area - California
    United States
    Member #136477
    December 12, 2012
    4146 Posts
    Offline
    Posted: October 31, 2013, 6:37 pm - IP Logged

    No Pools here, not now- not ever.

    I will spare myself the headaches- by going Solo.

      schmuckatelly's avatar - half planet.jpg
      Jacksonville, Florida
      United States
      Member #140364
      March 17, 2013
      195 Posts
      Offline
      Posted: November 1, 2013, 9:24 am - IP Logged

      Hi,

      I ran a pool of 10 people for about 6 months in Lotto 6/49 in Canada. 

      I set up rules of participation and made them all sign them, then collected

      $32 to $36 per head every month. We played 40 tickets per draw 8 to 9

      times a month. I made the playing very transparent providing everybody

      with a copy of all tickets. For about 4 month we were in black (won more

      than spent) but then our luck turned and after 2 month of losses the pool

      dissolved. Never had any problems with any participant.

      I like pooling because, despite what many people think, it does increase

      chances of winning and spreads the risk.

      Aquarius

      Why did it dissolve? That's like playing solo for a little while then give up because you haven't won. In mine, we rollover the winnings to next months dues. I normally need $18 from every player for the month, but there have been a few months we only had to fork over a few dollars from each person because the winnings covered the rest. There have been pools that play a few years and win, and then there are some that play several, and then of course some that never win.