Thursday, 3 September 2009

WHAT is the Smarter Way to Play

OK, so first let's discuss what the Smarter Way to Play is.

Basically it is lottery syndicates, but.....with a 21st century well-thought out twist.

What's so great about syndicates ?
Millions of people play a lottery in a syndicate

Do syndicates really work?

Well, The National Lottery who run the UK Lotto and EuroMillions in the UK have stated that 1 in 4 of all lottery wins are by syndicates.

Back to Basics

The lottery is exactly what it is… a lottery, a complete game of chance.
The odds of winning a lottery are really slim.
The odds of winning the UK Lotto are about 1 in 14 million and the EuroMillions about 1 in 76 million.

So, what does playing in a syndicate do?

The idea of a syndicate is to shorten these rather long odds. How much the odds are shortened depends on the system that the syndicate employs. Should they just buy more random numbers or should they use some kind of mathematical system to reduce the odds?

The number of people in a syndicate is an important consideration as it will have two impacts:
1. More people means it is more likely to win
2. More people means the shared will reduce the amount of winnings each member receives.

Another important consideration in running syndicates is who actually runs it!
This really is critical as should member numbers deplete then someone has to take responsibility for replacing those players. Also, the manager will have to be absolutely certain that the lottery entries are placed correctly and at the correct time. Getting this wrong could potentially wreak havoc!
Imagine watching your numbers finally come in only to find out that the syndicate manager forgot to put the entries in or got them wrong!

The question of whether syndicates work or not is therefore answered easily, of course they work, in terms of reducing the odds of a win or even prizes, the more important choice is which syndicate to join.

I believe the best recommendation is to choose an ‘automated’ syndicate, a syndicate that is managed by computer systems which handle everything, from payments to play in the syndicate, distribution of winnings and managing the syndicate system in a clearly defined mathematical way. That way all of the syndicate members know exactly what they are paying for and what they are getting.

Having a syndicate system available online would mean that all members can check their numbers, their winnings and their payments. A syndicate system like this is bound to work!

The e-lottery system that we use does all this and more.
It is the Smarter Way to Play


The next posts will explain this more with examples from the UK Lotto and EuroMillions draws.

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