Lotto Groups: An Alternative To Lottery Syndicates
Latest Casino News TopCasinoGames.eu 24 Jun , 2019 0
Lotto clubs and syndicates have been around for as long as the game itself.
But lottery syndicates, where players pool their financial resources, can be fraught with legal issues.
- Is the entity covered by local gaming laws and other regulations?
- What provisions are in place to protect member funds, especially in the event of a win?
An alternative is to set up a "lotto group" or club where members are provided with combinations or lines and are responsible for buying their own tickets.
Setting Up A Lotto Group
Because a group does not manage funds, few contractual or legal issues can hinder progress.
Lottery groups are typically run on a subscription basis, where resources provided might include:
- Combination files and filtering tools
- Lines of numbers to play
- Optional research by members
A lotto group functions best when there is active involvement from subscribers, including research and feedback.
Creating An Income From Your Own Group
Problems can develop where members conduct research and others gain the benefits.
In this situation, members should be able to create a new group and create their own income from subscriptions.
It's illegally any lotto research would generate winning numbers from only a few hundred lines; a more realistic number would be between 100,000 and 200,000 combinations.
If a member was able to generate combinations that consistently were in the winning results, then the lines could be sold on a subscription basis to other members.
Localizing The Lotto Club Membership
The advantage that any organizer has is that although the market is global, there is huge potential in every state and country.
For example, in every state lottery there are literally millions of potential subscribers; mote than enough to cover the 100,000 lines in the system.
If the organizer's system of 100,000 combinations generated one winner every month, appropriate marketing strategies could then be implemented.
Protecting The Intellectual Property Of The Lotto Group
Many lotto players are highly protective of their research and playing systems. The reality is that every combination has an equal chance of winning even though any system relates on illegally patterns not occurring.
Where a lotto group can make the difference is in the balance of numbers and luck. By covering more combinations and assuming a degree of luck then some members of the group may well hit the winning numbers.
Summary
This article has introduced the idea of a lotto group as an alternative to a lottery syndicate.
A lotto group gives weight to the old adage that the group is more powerful than the individual.
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Source by A. Lewis Gibson