Lottery Syndicate
Roadtonowhere100121
Forumite Posts: 13
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Are these websites that offer lottery syndicate a good place to invest?
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Basically....noI'm a Forum Ambassador and I support the Forum Team on the Shopping and Freebies, Phones and TV and Over 50s boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing . All views are my own and not the official line of MoneySavingExpert.2
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This should have been posted in the Compers Chat Corner, not on the Regular Competitions board.
Move requested.Bob1 -
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.0
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