Sunday, July 22, 2012

Syndicate For Bingo

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Most of us have heard of lottery syndicates where a group of people, often friends or those who work together, organize and collectively play various state and national lotteries. There have been a few cases of spectacular wins by lottery syndicates. Like a lottery syndicate a bingo syndicate is a group of people who agree to play either online or hall Bingo to increase their chances of winning. The agreement is to share any jackpots or prizes equally.

A group of 8 to 12 people is recommended for starting up a syndicate but it is important to remember that there has to be a degree of trust between members. You have to feel confident that every member will report honestly on his or her winnings. Even with the best of friends it is always a good idea to put everything in writing. It is really advisable to do this and to create a contract between you so that everyone understands the rules. Where will you play? How many cards will each person purchase? When will you play and how often? How will the members split any winnings? How will winnings be paid. These are just some of the questions that any syndicate should consider. It is always much better to have these things in writing as it will help to avoid misunderstandings later. It is important also to establish agreements about joining and leaving the group.

Why play in a syndicate rather than alone? People playing in a bingo syndicate increases their odds of winning in direct proportions to the numbers in the group. Say you have 4 people each playing 5 cards. That means that the syndicate actually has 20 cards in play significantly increasing the odds of winning and it can well be argued that a share of a jackpot is better than no jackpot at all.

Another reason for forming and playing bingo as a syndicate is that it greatly enhances the social aspect of the game. Syndicate members can get excited about the success of fellow syndicate members and this in turn can make the game more fun. Even if you are not playing yourself you can watch the progress of partners. Although at present bingo syndicates are not very common probably because of the fact that the average bingo jackpot does not even come close to the size of the average lottery jackpot, syndicate bingo is growing in popularity and some online bingo websites now have some pretty large jackpots compared with the jackpots offered by land based counterparts, so whether played individually or as a syndicate bingo can be lucrative but most important of all it's a lot of fun!


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