With increasing costs of living and greater pressures on finances, buying that weekly Lucky Dip can become a luxury that becomes less and less affordable. Sure, you have to be in to win, but when that opportunity comes at the cost of some extra groceries or petrol for the car, you have to wonder if the opportunity is worth the price.
This is where Syndicates can be a great option. Gather a group of family, friends or workmates, all contributing the price of a coffee each week and not only will you be able to buy more tickets and increase your chances, it also becomes a lot more affordable.
For example, you might be a person who buys a $20 Lucky Dip each week. If you were to gather a group of 5 family members, each contributing $5.60 each draw to buy a $28 lucky dip, you would give yourself 5 more chances (lines) to win and you’re spending nearly a quarter of what you normally would. More chances, less cost and more affordable.
Starting a Syndicate has benefits that go beyond just cost – there is also the fun factor. I have a work Syndicate with 11 members and we each take turns at buying the tickets. By taking turns, everyone feels invested in the Syndicate – each member takes an active part in the fun. It becomes a talking point where we are constantly checking with each other to see if they were the one to buy a winning ticket. In fact, we even have an informal competition to see who is the luckiest member! This shared experience has helped in a small way to bring everyone a little closer together.
So as you can see, starting a Lotto Syndicate is a great idea. I understand that some people may have trouble sharing, but at the end of the day, what could be more satisfying than seeing others enjoy the experience of winning with you. What would you do with $20 million on your own anyway?
Click here to start your new Lotto Syndicate using lottosyndicate.nz