What are the disadvantages of signing up with a syndicate to play the lottery?

[WinJonny]

What are the disadvantages of signing up with a syndicate to play the lottery?

The benefit is that there is a higher likelihood of winning for every player. The reduced size of each award is a disadvantage. However, it goes without saying that if the syndicate wins the $100 million jackpot, all of the players will likely be pleased with their shares. Based on their contributions to the pool, each player receives a portion of the prize. With relatives and friends, you can create your own syndicate, or you can just join one online.

 

[Angryseth]

One of the things that you have to check before signing up is that they have a very effective system that somebody can not till the group's money or somebody cannot back off at a certain point in time.

 

[Julio88]

What are the disadvantages of signing up with a syndicate to play the lottery?

The benefit is that there is a higher likelihood of winning for every player. The reduced size of each award is a disadvantage. However, it goes without saying that if the syndicate wins the $100 million jackpot, all of the players will likely be pleased with their shares. Based on their contributions to the pool, each player receives a portion of the prize. With relatives and friends, you can create your own syndicate, or you can just join one online.

Once you join a lottery syndicate, you are liable to be swindled into getting wrong numbers or numbers that you have predicted can be used to win a competition with the money shared between all instead of you alone

 

[James108]

You'd share the prize money with other people, you're likely to win less money than if you were to play on your own and win. Additionally, there is always the risk that not everyone in the syndicate will be honest about sharing the winnings.