Make Your Own Lottery Pool
Posted: September 10, 2022
Updated: September 10, 2022
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Your chances of winning increase if you play with more tickets
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You can join or organize a lottery pool so you can divide the extra costs
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In case of winning, you need to share it equally with other pool members
Winning with the lottery is not easy but there are certain methods that can increase your chances. Like playing with others and filling out more lottery tickets for no additional costs. So if you don’t mind sharing the wins with others, just make your own lottery pool following the steps below.
Everyone is dreaming about winning the lottery, but most of us would be happy with only a part of a multimillion prize. If you’re someone like that, joining a lottery pool can be a great idea. What’s more, you can make your own, so you can take control of the tickets and the possible wins. Don’t worry, it’s quite an easy thing to do, you just need to be aware of some basic rules to make it work. Then sit back and hope that you have purchased one of the winning tickets.
Make Your Own Lottery Pool by Following These Steps
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Create your team
First of all, you need to create a team of several members so you can buy dozens of lottery tickets. And have better odds to win without paying more. The most obvious place for recruiting is your workplace where there is a bigger chance of people joining in.
You should let everyone know that you’re making a lottery pool so no one will feel left out. It’s also useful to check with your boss if he/she is ok with it as some companies forbid gambling at the workplace. But you can make a pool with your friends, relatives or members of any clubs you are also visiting.
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Set up the rules
The next crucial thing to do when you make your own lottery pool is to set up the rules. Like the amount of the weekly buy-ins. And if participants can join in whenever they want or if they need to play every week. In some pools, players can pay different amounts. But to make it simpler, it’s better if everyone pays the same amount. The group also has to make a decision about smaller winnings. For example, if your group of 10 wins $100 with a $1 buy-in, everyone could receive $10 from the total win. But it’s such a small amount that it might be worth just to keep it in the pool and buy more tickets next week.
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Buying the tickets
As the organizer of the pool, you have to get the tickets and keep them every week. It’s your responsibility to take care of and divide the winnings evenly. So keep records of all other players and their payments, and have their contact details as well.
A written agreement can be crucial if you win a big amount, even between friends. You should also send copies of the purchased tickets to all other members. So they can be assured that you haven’t spent their money on something else. And it can be very useful in case of a dispute. Luckily you can buy tickets online now on one of the online lottery sites in the US. like TheLotter. Making it a very easy and fast way to play.
Huge Wins of Lottery Pools
There have been several big lottery jackpots in the last few years when members of a lottery pool won big amounts of money. Like in 2012, when a lottery pool with 48 workers of the Southeastern Pennsylvania Transportation Authority won the Powerball jackpot, $172,7 million. Another pool with 20 people at the Quaker Oats won $241 million also with Powerball. While in 2018, 11 co-workers of an accounting firm won the biggest prize so far, the Mega Millions jackpot of $543 million.
After the win, they admitted that they didn’t buy tickets regularly. But they just couldn’t resist trying at the time of this huge jackpot. And they managed to win it with one of their tickets. Each of them received $29 million after paying only $2 for the tickets. If it sounds good, try your luck with your group and buy your tickets at one of the online gambling sites in the US.
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