How to Start Your Own Lottery Pool

lottery pool

When you use a lottery pool probability is in your favor. Do you know that a lottery pool has a much higher probability of winning the lottery as compared to individual players? And I mean a much higher chance of winning!!!

There have been several lottery pools featuring multiple lottery wins.

Therefore, it is obvious that you will also prefer to create a pool rather than playing lottery individually.

The steps to create a lottery pool are quite simple.

1. Creating guidelines:

The 1st thing which you have to do is to create the proper guidelines and create a agreement according to the guideline.

2. Shortlisting the members:

lottery pools have more chances of winningThe lottery pools work on the basis of trust. However there are some rules you should follow when you start one.

Owing to this factor, you must only include credible members in the lottery pool.

You have to shortlist the members carefully.

3. Deciding the buy-in:

Thereafter, you have to discuss with the members and decide the buy-in.

It should be uniform among the various members. You have to write down the stakes of each and every player.

Even if the stakes are uniform, you have to write them down.

4. Designating an administrator for the pool:

In case you’re not able to handle the work for the pool, it is important to designate another member as the administrator for the lotto pool.

5. Designating the payment mechanism:

These days, you have to designate the payment mechanism online in order to make it easier for you to operate the pool. Online payment mechanisms ensure that you are able to collect the amount for each and every draw quite easily.

Online payment accounts make it easier for you to buy the tickets online as well.

6. Collecting the details of the ticket:

Thereafter, you have to collect the details of all the tickets. You have to make them public to the members of the group.

When you make the ticket details public, it will avoid any disputes at a later stage.

8. Explicitly stating the distribution of winnings:

You need to always explicitly state the distribution of winnings among the members.

With the help of these clarifications, you can avoid disputes at a later stage.

9. Creating an agreement:

With all these details, you have to create the agreement in order to avoid any legal troubles.

lottery pool numbers

10. Sharing the copies of the winning tickets:

Whenever the pool is able to win you have to share the details of the winning tickets.

By sharing the copies of the winning tickets, you can avoid all misunderstandings in the future.

11. Maintaining privacy:

You need to understand that whenever the lottery pool wins, it is the responsibility of the administrator to keep the names out of public records. This will ensure that you are able to continue with your lottery pool quite easily.

This will also mean that you do not garner unwanted attention due to the lottery pool.

While playing the lottery is much easier, creating a pool is not. Owing to this factor, you have to 1st concentrate on creating the pool.

Once that is done, you have to just worry about other trivial things like how to invest your money or spending mistakes to avoid after winning the lottery.

And make sure you keep playing regularly but be sure to play the lottery smart.

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Who Are These Multiple Lotto Winners & How Did They Win?

Most of the people are not able to win the lottery even once. However, there are some winners who have multiple lottery wins to their name.

According to statistics, even when you continue playing the lottery for 20 to 30 years, it is very difficult for you to win the lottery again after you have won it once. Statistically, it is not possible for the same person to win the lottery again.

However, there are a few winners which have done so like Brian O’Hanlon and the other winners listed below.

1. Richard Lustig:

Richard LustigRichard Lustig has won the lottery over 7 times. The total amount which he has won is US$ 1 million.

The 1st win was in 1992. The amount was just $ 10,000.

The again won the lottery multiple times during the next 10 years. According to him, winning the lottery is just based on luck.

He, however, has a couple of tips which you can follow.

I suggest that you should choose your own numbers and you should research these numbers before picking.

2. 6 winning tickets purchased by the same person:

A man in Arizona bought 6 tickets with the same numbers.

Each ticket won US$ 1 million. Even though, he was not able to win the jackpot but he made quite a bit of money.

It sure seems like it might be sheer luck rather than any algorithm or strategy.

3. Joan Ginther:

Joan GintherJoan Ginther has a Ph.D. in statistics from the University of Stanford.

He has won lottery 4 times. His total winnings stand at $ 21 million. This Las Vegas resident bought the scratch-off tickets from a single store.

According to an analysis done later, he purchased 3 of those tickets from the same minimart.

According to the experts, the probability of winning the lottery by purchasing the tickets from the same store, again and again, is 1:18 septillion.

It is likely that he might have figure out a way to identify the winning tickets and in which stores they will arrive.

He could have created an algorithm based on publicly available data.

4. Winning the lottery prizes 42 times:

Even though the total amount of money which was won by Wiley Tuley isn’t that large at just $ 0.2 million but he has won smaller amounts 42 different times.

The total amount accumulates to the $ 2.2 million.

Tuley WileyHe just plays his birth date again and again. According to him, most of it is just due to luck. There is the only limited amount of science which is involved.

As you can see, even though most of the people struggle with techniques likes lottery pool, it seems like these lottery winners have to just worry about things like spending mistakes to avoid.

They just need to make sure that unlike other lottery winners they just make the right investment decisions.

The next time around you stumble upon such a loophole, you will just need to worry about how to invest your money rather than looking into the various techniques for playing the lottery.