A lottery syndicate is a group of people who buy lottery tickets collectively and share any winnings in proportion to each person’s contribution. By pooling their money and purchasing several tickets together, the group markedly improve their chances of winning the jackpot. Here at LottoSocial, our online syndicates offer a quick, easy and secure way to play in a syndicate!

What are the benefits of a lottery syndicate?

The main benefit of a lottery syndicate is the enhanced chance of success. For example, if somebody enters the National Lottery alone, they have about a one in 14,000,000 chance of winning the jackpot. Yet, if they play with a group of nine other players through LottoSocial, they’ll have a 10 in 14,000,000 chance of winning. Whilst you’ll have to share the prize with the rest of the group, the increased odds of bagging the main prize make this compromise well worth it! Being part of a syndicate is also a more cost-effective way of playing your favourite lotteries. You can spend what you usually would, but with a much higher chance of success.

How do you set up a lottery syndicate?

Join a fully-managed syndicate like a LottoSocial syndicate! At LottoSocial we put you in online syndicate groups with others. This saves you the from having to find people to join your syndicate. The unfortunate reality with offline syndicates is that there is a risk of deceit and deception from certain members. This can lead to others missing out on the prize money. When playing in a fully-managed online syndicate, you can avoid this kind of risk altogether. Online syndicates guarantee you the prize money from any draws you enter.

Here at Lotto Social, we will automatically purchase your tickets, add them to existing syndicates and manage any payouts for you. There is no chance of a syndicate member refusing to share the winnings. All you need to worry about is how you spend that prize money! Moreover, we bring our customers together to play the lottery by providing spaces for you to chat and join new communities. The clue is in our name. We ensure the lottery is no longer an individual game but a social one!

The importance of a lottery syndicate manager and a binding agreement

If you’re forming your own syndicate offline, it’s essential to have a binding contract setting out the rules of playing. You’ll also need to appoint a syndicate manager. When playing through LottoSocial, all of this is automatically taken care of. We will handle the purchasing of tickets and distributing winnings.

By agreeing to our terms and conditions, you agree to be bound to this setup. You do not have to worry about appointing a syndicate manager or organising anything. It is also imperative for all members to sign a binding agreement to help prevent issues.

The agreement should outline:

Who each member is and what duties they have (e.g. the syndicate manager)
How much each individual is contributing
Date of the syndicate creation
A formal payout procedure detailing what happens in the event of a win

Your syndicate agreement should also include clauses for members wishing to join or leave the syndicate and what happens in the event of a missed payment. All of this will settle any disputes. Such as, if you win big and a member or two claims they’re entitled to a larger share than everyone else. This will protect every member and guarantee fairness. All members must sign the agreement to certify that they understand and agree with the terms outlined and make it binding.

For online syndicates, all of these considerations are in the terms and conditions members agree to when signing up. As a result, there is no need to draw up your own agreement. You do not need a license or permission to form your own syndicate, although you must create it in a particular way to ensure that it doesn’t ‘promote a lottery’ under the Gambling Act 2005. Due to this, the syndicate manager must be the only ticket holder and the sole member with a direct claim. If every syndicate member had direct claims, this would be ‘promoting a lottery’.

By increasing your chances of winning, playing in a lottery syndicate is a no-brainer if you’re looking to get rich! With LottoSocial syndicates offering a more straightforward way of entering lottery draws as a collective, you can now be part of a syndicate in no time.

Join our Starter Club to be in with a chance of winning big right away!

Every year, the government reviews the number of society lotteries allowed to raise and their jackpot sizes. This is excellent for good causes and will make a massive difference in how much money charities receive. However, it won’t be so good for smaller local charities reliant on ticket sales.

The reason is that these smaller charities typically rely on small jackpots and plentiful draws to attract players. Any new regulations will mean they have to compete with more prominent lottery providers that can offer bigger prizes, which will likely make them less attractive to players.

A little bit of history of society lotteries

Since the 15th century, local communities and charities have consistently used the lottery to raise funds for good causes. Towns would hold lotteries to build and improve fortifications and help the poor. Fun fact, even the Great Wall Of China was funded by a lottery!

They did this by selling tickets to residents of that town or city. The tickets would then enter a drawing with prizes selected at random. This was an excellent opportunity for people who lived in towns with limited resources (i.e., no money) because they could now help their community by buying tickets and entering drawings for prizes. This practice continued until 1723 when lotteries were illegal in England.

Fast forward over 200 years later, and here we are today with online lotteries…

Jackpot arms race vs society lotteries

A new proposed reform would undoubtedly be an excellent advantage for the more prominent charities operating society lotteries like Oxfam.

They will be able to increase the jackpot size and, therefore, the amount they can raise in funds, which is good! Yet, simultaneously, a gulf is forming between small charities and lotteries, a match that should always be present.

Charities like Oxfam have the resources to create their own society lottery, which is not a small ask. In fact, it is time-consuming, but they are large enough as a charity to create its own source of fundraising through society lotteries.

The New Reform

A new proposed reform would undoubtedly be an excellent advantage for the more prominent charities operating society lotteries like Oxfam. They will be able to increase the jackpot size and, therefore, the amount they can raise in funds, which is good! Yet, simultaneously, a gulf is forming between small charities and lotteries, a match that should always be present.

How can we help society lotteries?

Smaller charities do not have this luxury, and the same tool that was supposed to be helping them is now moving further away than ever.

Lotto Social wants to bring charity back to its roots and help local charities have a piece of the tool that was originally for them.

Introducing Lotto Social Hope, a place where you can get lottery lines and, at the same time, help small local causes. The lottery is synonymous with charity. To build on this further, we are enabling people to give to charities close to their hearts, not just the National Lottery charities.

By partnering with Lotto Social Hope, charities benefit from using the nation’s favourite lotteries, such as the Lotto & EuroMillions, without competing with the National Lottery itself. From this, smaller charities can start to use the lottery to create a regular source of income which can be vital when planning and budgeting.

FBB & Lotto Social Hope

Lotto Social Hope has partnered with FBB to help them to build a new transformation space where young people can go to improve a wide range of skills. They work at schools and use football as a tool for youth engagement to tackle the root causes of low educational attainment, poor school attendance and challenging behaviour.

FBB take a young person’s passion for football and deliver weekly sessions to develop core skills and abilities, provide self-esteem, direction, and a sense of belonging, and ultimately positively transform their lives to enable them to become leaders in their community.

They have created a football-themed curriculum that promotes creativity and the development of literacy skills alongside media training, fundraising and events planning to supplement traditional school learning. It is helping to shape the future of the next generation.

You can get lottery lines and support FBB now by following the link below. With Hope, anything is possible.

Get lines & Donate>

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