Lotteries have been around for a while now, the world began to see the rise of the lottery at the start of the 1960’s designed to raise revenue in addition to taxes lottery sambad . More common today and nationally recognized, Lotteries play a vital role in our society and the work place where most of us will have encountered a Lottery Syndicate.
For the United Kingdom the Euro Millions and National Lotto is a regular televised occurrence, supplying family fun and edge of the seat entertainment 3 times a week. More commonly today with a growing interest, businesses and employees will have extended this fun from home and formed their own Lottery Syndicates with the intent and hope of increasing their chances of winning the jackpot. The more players in their syndicate the greater spending power they will have, thus achieving more entries into the National lotto or Euro Millions. A quick tip if you haven’t already realized, you should cap the amount of players in any one syndicate, the more people the more you will have to share.
Something worth thinking about before joining or forming a syndicate even thou you will be playing with work colleagues. A little caution is advised and worth baring in mind before joining a Lottery Syndicate at work,
What would happen should the situation arise that a player hadn’t paid their stake and it was a winning week? What sort of situation could arise if one of the Syndicate Members decided that they should be entitled to a much larger share of the National Lotto or Euro Millions winnings as they had been in the Lottery Syndicate for much longer?
Or you can quite easily use similar format employed by elottery or maybe use them as your system at work. Prior to joining or creating a work related Lottery Syndicate there really should be some kind of agreement to sign with terms and conditions, so as every member knows the requirements to play and where they stand. This should also help in preventing any potential arguments and disputes.
The UK National Lotto and Euro Millions Lottery Syndicate agreement if drawn up and completed properly should settle every dispute. If needed it will also be used as evidence for any lawful proceedings, should a member of the syndicate have their own ideas or disagreements on how the prize money should be handed out. It would be a good idea to write the names of each member of the lottery syndicate, then write along side the players selected numbers and how much their payment for the Euro Millions or UK National Lotto will be every week. Every player should sign this agreement confirming personal details and all donations. Copies of this signed agreement must be given to all players of the lottery syndicate and the original reserved in a safe spot.