An informal lottery syndicate is when a number of people usually friends or co-workers get together to pool their money to buy Lotto or PowerBall tickets to increase their chances of winning a major prize in the New Zealand National Lottery.
The chances of winning a National Lotto PowerBall first division prize in New Zealand with a single 10-line ticket is around or greater than 1 in 3.8 million.
Add in the PowerBall aspect and the odds increase to about 1 in 38 million. The chances of winning are very remote indeed.
Basically it is a complete waste of your money. You would be better off to save it and invest over your lifetime rather than waste it on national lotteries you will never win.
Many people over their lifetime spend an incredible amount on lotteries and hardly ever win a thing. Recently I was talking to a friend about the new LottoSpring.com syndicate system.
He thought that $50 NZ a month was too much to be paying for entering a legal lotto syndicate like LottoSpring.com provide.
We then worked out how much he was paying each month to buy tickets in the weekly NZ PowerBall lottery it was well over $33.00 most months.
He had religiously bought NZ Lottery Tickets for over 50 years. The most he had ever won was $300. By his own estimate of what he had spent over his lifetime it was well over NZ $30,000
It was probably conservative estimate of how much he had actually spent in total during the entire period he had been buying NZ National Lottery tickets.
He was also buying scratch lotto tickets on a regular basis but he didn't take the cost of that into account overall.
Admittedly he did win a few $2 and $5 prizes with the Scratch Lotto tickets.
Compared with playing the LottoSpring.com legal syndicate system licensed by the UK government, he would have been way out in front with the syndicate system.
The best part of the LottoSpring.com syndicate system is that you can play it for FREE if you refer three friends to play in the syndicate too.
The lowest cost legal syndicate run by LottoSpring.com enters you into the EuroMillions and the Euro Jackpot. For a total of 177 lines per week. That is 708 lines in total per month.
With an informal lotto syndicate in NZ you could combine your money with others and a group of six could have 50 lines and increase the chance of winning a little bit, but nothing like the advantage that a LottoSpring.com syndicate would give you.
As the late actor Channing Pollock said, "money is like whiskey: a certain quantity of it improves the condition, but too much brings about bestiality".
Some of the biggest lottery syndicate fails that have brought out the bestiality in people have all been due to informal groups that never had a legal syndicate agreement from the start.
Be safe. Join the LottoSpring.com legal lotto syndicate licensed by the UK government and enter into some of the biggest jackpots in the world for far less than you pay per line to play the NZ National Lottery now.