Lottery syndicate

Reply #25

Stat$talker — Sun, 01 Aug 2021 00:57:24 GMT

Those are good points, if the Pool plan on always purchasing QPs,.. but I would point out that those plans may needlessly squander any of the members specialized talents...

The Pool may include some members with better Math skills than QPs may offer..so, there seems to be advantages and disadvantages, in this case..

-Stat$talker

Reply #24

PrisonerSix — Sat, 31 Jul 2021 23:41:50 GMT

I'm no long at that workplace so the pool is no longer operating. I guess I'll have to start another pool one of these days.

Reply #23

prtt — Sun, 25 Jul 2021 20:29:51 GMT

hi PrisonerSix, thank you for sharing with us your experience to be as captain! you didnt win big one yet, but its coming :) we all believe in this, ha-ha :) anyway, i am working on idea make it pool very simple, buy ticket(s), sign, make copy, upload to pool. each member will do this easy steps, no captain needed ;) this way pool can be much bigger than office pool, collect millions, this would be hardest part ;) its coming, half of job is done already, ty, prtt

Reply #22

PrisonerSix — Sat, 24 Jul 2021 15:10:06 GMT

Basically, it's a group of people who pool funds to buy multiple tickets and divide the winnings. I ran one at a previous office I worked in but we never hit it big.

What I did was take $4 every pay day(2 weeks) and purchased a mix of Powerball, Lotto, and MegaMillions tickets for the 4 drawings that took place between paydays. Smaller prizes were reinvested into the pool. It was fun, but a lot of work.

The pitfalls have been mentioned here already so I won't go through them, but it... [ More ]

Reply #21

prtt — Fri, 16 Jul 2021 19:16:30 GMT

yes, i got lots of docs so far, basically no problem will be with signed ticket In Share for jackpot winner, member wont be able to cash it himself, but for small amounts cashable in convenience store... i guess it will be loss contribution if dishonest guy will decide to jump out of the pool.

Reply #20

justadream — Fri, 16 Jul 2021 19:11:32 GMT

There is a lot of information online...it looked like even some agreement forms. Maybe that will help you .

Reply #19

prtt — Fri, 16 Jul 2021 19:09:01 GMT

btw, i started working on it in full force, so any ideas may help, please share ! thank you, prtt

Reply #18

justadream — Fri, 16 Jul 2021 19:00:54 GMT

It just seems like a lot of work for someone to make sure everyone does their part. I would do more research on it before jumping in. I see a constant turnover if you are not constantly winning some money. As for a small amount winning ticket maybe just reinvest in more tickets and have the person sign and share copies.

Reply #17

prtt — Fri, 16 Jul 2021 18:30:03 GMT

hi justadream, in model when each player will buy his share, sign tickets In Trust of pool... and sent to each member(or central place with everybody access), what will happen if one of tickets will be winner with small prize, like $100 and member will just cash it in himself and abandon pool, i guess main idea to win big multi-million prize will cover those not honest members? what do you think? thank you, prtt

Reply #16

prtt — Wed, 14 Jul 2021 03:02:44 GMT

i will start putting things together as tomorrow...

Reply #15

justadream — Wed, 14 Jul 2021 02:58:08 GMT

Sounds like you have your mind set of this..LOL. Let us know how it goes.

Reply #14

prtt — Wed, 14 Jul 2021 02:46:01 GMT

all depends on size of pool, of course, more people, more tickets, but main idea to play NOT quick picks, like every work pool playing in the world and winning once per 100 years. i know for sure its a way to print custom tickets for each member of pool on home printer within minute(s), so this is no problem. how to play - anybody can introduce own way to play - with system, big wheel, etc, as long as members like it they can join. has to be clear to understand of course.

Reply #13

justadream — Wed, 14 Jul 2021 02:32:52 GMT

So 2415 tickets x $2 at 3 nights a week. ( starting August) could get expensive. $7,245 while your waiting on those numbers to fall.

Reply #12

prtt — Wed, 14 Jul 2021 02:05:50 GMT

here we go ! excellent idea, solving bank account issues. start looking more like mining bitcoin in pool ;) now, as i understand for example OLG.ca (Ontario, Canada) recommends to captain of pool sign each ticket with name and add IN TRUST . so if each member of pool will sign same way and upload tickets to pool would it make proof enough to everybody not to be scammed if someone win big one and will try to hide it? would be good idea to consult with lawyer on agreement to ensure this? also, let... [ More ]

Reply #11

justadream — Wed, 14 Jul 2021 00:02:57 GMT

Although I have never tried this I often thought about it. Create an agreement that everyone will purchase an specific amount of tickets , sign the back with your club name and send a copy of such tickets to every member. No money to pass and if they don't buy their share of tickets they don't get in that draw. I'm sure it would take some details but sounds much easier to me.

Reply #10

prtt — Tue, 13 Jul 2021 23:43:31 GMT

I think make big pool and win jackpot is better idea

Reply #9

Speler — Tue, 13 Jul 2021 21:30:17 GMT

You can also put the money in a wallet and leave for Rio

Reply #8

prtt — Mon, 12 Jul 2021 00:26:04 GMT

hi, thank you for making it clear! will try and see whats happen!

thank you, prtt

Reply #7

Stat$talker — Sun, 11 Jul 2021 23:58:31 GMT

please give more details what type of account can be opened for sharing with many people. This is only one problem I see to make pools working on internet

I believe just a regular Checking Account would be sufficient,.. a good suggestion would be to make sure the Bank includes in their records an explanation as to why different people from all over will be making deposits into the account..

It's very important that whoever holds the ATM card to the Account is Trustworthy..!! or things wil... [ More ]

Reply #6

prtt — Sun, 11 Jul 2021 20:47:32 GMT

Hi, sounds interesting, please give more details what type of account can be opened for sharing with many people. This is only one problem I see to make pools working on internet, rest like maintenance, mailing copies of tickets playing big combos or systems (not quick picks) is solvable. Or any other solution how to manage deposits in trusted way, ideas? thank you, prtt

Reply #5

Speler — Sun, 11 Jul 2021 09:15:09 GMT

The biggest problem was with the bank, being nosey about so many different PeOpLe making deposits to the account..not withdrawals,..for I only withdrew..

An independent opened the bank account with me. The use was written down when opening the account.

Reply #4

Stat$talker — Sat, 10 Jul 2021 23:59:48 GMT

Yeeaa,...

Tell me about it,...I once had to do the same for a Lottery Club Pool ...until I delegated some of the leg work to others in the Club..

I made it my job to study the Stats..We opened a Bank account, verified each of our deposits via emailing every member with a copy of the deposit slips..as we were scattered throughout the Country..

Kept pretty good Bank balance records,..as I was entrusted with the account's ATM card..We voted on what jackpot sizes to wage on...I'd email what... [ More ]

Reply #3

Speler — Sat, 10 Jul 2021 22:59:50 GMT

After having won a 5/6 with 5+R / 10 alone, I started a pool again after suggestion, but didn't really want to.

I had to get the money, I had to do the stats, I had to fill in a dozen forms by hand, I had to go validate, I sent a copy of the combinations by e-mail, did the calculations. - I think that I could have played less lines, but with more people playing 4/4 14 numbers was not a bad idea.

I say, keep it simple. For a year, everyone puts a big amount in the bucket, the game organizer... [ More ]

Reply #2

BobP — Sat, 10 Jul 2021 05:49:26 GMT

It's better to start your own syndicate then be a member. Reason being you are sure you know how to win, but do not have the funds to carry out your plan. Raising funds among a group of friends and workers works well while winning and falls apart when not. You can trying searching for lotto pools online, do the math, avoid those that make a profit no matter how they try to hide the fact.

BobP More about lotto clubs on this link below.

http://www.lotto-logix.com/txthouse/wlc.html... [ More ]

Reply #1

lottologix — Sat, 10 Jul 2021 04:08:50 GMT

The problem with a syndicate is does everyone trust the people running the syndicate??? So every one pitches in and hits a jackpot just to have someone running it run off withthe winning ticket. Yea you can try to sue them legally but if they have either hidden the winnings or spent all of it before the group can get to them in court. Youwould be suprised at the number of people willing to spend a few years in jail if they knew they had millions when they got out even if they had to hide.

A l... [ More ]

Lottery syndicate

johjoh — Sat, 10 Jul 2021 03:59:00 GMT

Someone please explain a lottery syndicate and how to join.