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Mar 20, 2010
The History Of Lottery



Lotteries have been with us for a long time. They go so far back that they’re mentioned in the Bible, and Caesar himself is known to have encouraged lottery games in Rome to help pay for repair work that needed to be done in the city. Legend has it that even the Great Wall of China was paid for by the proceeds of lottery games.

In medieval times, Europe was a hotbed of lottery activity. In 1420, residents of the French town of L’Ecluse decided to follow Caesar’s lead by using a public lottery to help raise money; this time to increase the town’s defenses. Charitable causes prompted officials in the Belgium city of Bruges to hold a lottery in 1466 to raise money for the poor and needy.

In the early 16th century, the Italians caught lottery fever when they introduced the idea of a ‘number’ lottery in Florence. Interestingly, the word ‘lottery’ is thought to originate from the Italian ‘lotto’, which simply means “fate”.

Royalty caught on to lottery’s moneymaking potential in 1520, when King Francis I of France held the first ever state lottery. The proceeds went to the Royal Court. Forty years later, in the 1560s, lottery fever crossed the English Channel when Queen Elizabeth I decided to hold her own state lottery to raise money to improve England’s ailing harbors. Her Majesty’s prizes included tapestry and money.

The lottery gained in popularity in England over the next two centuries. The British Museum in London, today one of the finest in the world, was actually started on the proceeds of a lottery in 1753.

Lotteries were particularly popular in the New World in the 18th century. Benjamin Franklin used one to pay for the cannons that helped win the American War of Independence, and they were also used to pay money to the army. The Mountain Road, one of the key routes into the west from Virginia, was paid for with a lottery organized by George Washington.

Individuals were fond of them too; Thomas Jefferson (the third U.S. President) sold most of his property through a lottery scheme. Many of America’s historic colleges and universities were initially set up with the proceeds of lotteries. Most notably, these include many of the universities in the prestigious Ivy League.

Within the last couple of centuries, lotteries have been legalized and implemented in pretty much every country in the world. As the numbers of people playing become bigger, so do the prizes; a jackpot in the USA’s Big Game lottery in 2000 reached $363 million.




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Posted at 07:36 am by lotterypredict
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Managing A Lottery Syndicate For Dummies



Lotteries offer the common person a glimmer of hope to become rich and solve all of their financial problems. People realise these days that the more lottery tickets you hold, the better your chances of winning are.

For the UK National Lottery, there are about 14,000,000 different combinations so if you have one line, or one ticket, you one 1 in 14,000,000 chances of winning. Now if you have, say, 1000 tickets you have 1 in 14,000 chances of winning so your odds increase considerably. But purchasing 1000 tickets is beyond most people's means. Who could afford $1000 a week? So the answer is to join a syndicate and spread the cost and share the benefits of better odds.

If you were in a 100 person syndicate paying $10 a week into the pool and you won $10,000,000 you would each win around $100,000. Not bad for your $10 investment.

When you start a syndicate you should make sure you set things up properly because there will always be disputes and arguments especially concerning people who leave or join.

Here are some suggestions:

    * Put everything in writing. Set up a contract detailing the rules of your syndicate and get everyone to sign it. All members should have a copy, give a copy to a solicitor or independent adjudicator and display a copy where you can all see it. Here are some things you should include in your contract.

    * Decide on the maximum number of people you allow in to your syndicate.

    * If you are going to play the same numbers each time, ensure they are noted in the contract.

    * Decide who will be responsible for filling out the tickets and putting the tickets on each week. Include that in the contract and ensure a system is in place to deal with occasions when this person is unavailable. The ticket stubs should be made available by this person(s) as proof that the tickets were put on.

    * Decide how and who will collect weekly subscriptions.

    * Decide what will happen if someone misses a subscription - will they be excluded from a win, or will their subscription be made up by others? If someone misses a set number of consecutive subscriptions, you might want to exclude them fro the syndicate and allow someone else in. - Whatever you decide, ensure it is in the contract.

    * Decide what happens with minor prizes. Do they get carried over and saved for distribution at a later date (for example Christmas) or are they shared out when the amount reaches a certain level. Or do you play additional lines when there's a roll over for example?

    * Check your local tax laws to see whether you need to declare the syndicate for tax purposes.

    * Check with your employer to ensure you have permission to run a syndicate on their premises and in their time.

    * Decide how people can leave and join your syndicate. If you have a maximum of 20 people allowed, you might have a waiting list of people who want to join.

This is by no means an exhaustive list, but any contract is better than no contract at all.

The most common kind of dispute is when someone has missed a payment, and the syndicate have a win that week. If it is the jackpot - there will be arguments over whether that person should be included in the payout. Decide now, document it and get everyone to sign up to the rules. Even if you have been running a syndicate for years, it is not too late to initiate a contract. Get everyone together, discuss and agree the rules, get them down on paper and get everyone to sign up to them.

The same applies to family syndicates. To avoid any rifts and arguments, make sure everyone knows the rules.





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Posted at 07:36 am by lotterypredict
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Euromillions Lottery Agency



The EuroMillions lottery agency was started in 2004 and is operated by Camelot from the UK, also lottery operators in France, Belgium, Austria, Ireland, Luxembourg, Portugal, Spain and Switzerland.

Combining the forces of the government backed UK National lottery, Spanish lottery and French lottery. The EuroMillions lottery agency is the biggest, tax free, lottery in Europe and now, it doesn't matter where you live in the world, you can play the EuroMillions lottery. Players must be at least eighteen years old in order to play the EuroMillions lottery.

Millions

At first glance the EuroMillions lottery appears to be a complicated lotto game to play, but this isn't the case. One of the safest and easiest ways to play the EuroMillions lottery is to join a well managed and reputable lottery agency syndicate. The lucky dip or quick pick option allows the user to play EuroMillions lottery without having to fill out a play slip. Odds of winning any prize, as low as 1 in 13 in the UK Lotto and 1 in 10 in Euro Millions.

Draw

The EuroMillions lottery agency draw is a combination draw where 5 balls are drawn from 50, PLUS 2 balls are drawn from 9 termed "Lucky Stars". Each drawing takes place on Friday evenings and if there is no EuroMillions lottery jackpot winner, the jackpot amount rolls over to the next drawing increasing the amount of the new lottery jackpot.

Your overall odds of winning a "cash" prize when playing the EuroMillions lottery, when playing by yourself are 1:24. The newer multiple country EuroMillions lottery agency is now the richest and largest lottery agency of it's kind in the world today and pays out lump sum cash prizes and tax free. Get your EuroMillions Lottery Agency tickets online, the next EuroMillions drawing is coming up soon, so don't let your chance to become the next EuroMillions winner slip away.





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Posted at 07:34 am by lotterypredict
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