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Why play in a Lottery Syndicate?

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You are in the read-only mode. Close
00:00.0
00:03.0
James, Sandra and Julie all play the lottery
00:03.1
00:07.6
They spend a few pounds each week hoping to hit the jackpot
00:07.7
00:09.4
James the loner plays by himself
00:09.5
00:13.4
He gets a few promising chances... but never seems to win
00:13.5
00:17.7
Sandra has a bright idea - she wants to play in a syndicate
00:17.8
00:21.6
She knows she can get more chances this way
00:21.7
00:24.4
But setting up and running a syndicate is a hassle
00:24.5
00:28.6
She has to get friends to join, buy tickets each week, collect money...
00:28.7
00:31.0
And pay out the winnings, if there are any
00:31.1
00:35.1
Plus, they could run into legal issues without an agreement
00:35.2
00:39.4
Julie, the smartest player, joins a managed syndicate
00:39.5
00:44.3
Tickets are bought for her, the syndicate agreement guarantees her winnings will be paid
00:44.4
00:47.4
and she has no worries about receiving her money,
00:47.5
00:51.1
since everything's organised by the syndicate manager.
00:51.2
00:55.4
When Julie and her syndicate won, everyone knew what they were entitled to
00:55.5
00:57.7
and received their money instantly.
00:57.8
01:02.1
Finally, Julie could afford to buy that hot tub she always wanted.
01:02.2
01:05.3
And that gardener she always dreamed about!
01:05.4
01:10.2
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