Lottery Syndicate

Roadtonowhere100121
Roadtonowhere100121 Posts: 19 Forumite
Second Anniversary First Post
edited 3 August 2023 at 12:56PM in Compers chat corner
Are these websites that offer lottery syndicate a good place to invest?

Comments

  • Browntoa
    Browntoa Posts: 49,586 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Basically....no
    Ex forum ambassador

    Long term forum member
  • BootsMullery
    BootsMullery Posts: 3,186 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    This should have been posted in the Compers Chat Corner, not on the Regular Competitions board.
    Move requested.
    Bob
  • mjm3346
    mjm3346 Posts: 47,177 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The lottery is a gamble not an investment (unless you are a shareholder). The online syndicates I have seen put maybe 10p on for each pound that is paid to them so you lose 90% to begin with.
    A friends/family/workplace syndicated where all the money taken in is put on tickets is a less bad option. But with the Lotto only paying out around 50% of the money staked you chances of a regular winning return is very very slim. Jackpot odds are about 45,000,000 to 1 and a ticket is £2 . By all means have a punt if you want while not expecting a worthwhile proper win.
  • Are these websites that offer lottery syndicate a good place to invest?
    I found some info on Beat Lottery website (sorry doesn't allow me to post link)
    There are some websites offering syndicate playing but I'm not sure how reliable they are.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349.7K Banking & Borrowing
  • 252.6K Reduce Debt & Boost Income
  • 452.9K Spending & Discounts
  • 242.7K Work, Benefits & Business
  • 619.4K Mortgages, Homes & Bills
  • 176.3K Life & Family
  • 255.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.