All,About,Lottery,Pools,and,Pi entertainment All About Lottery Pools and Pick-4 Lotto

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Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-priority:99;mso-style-qformat:yes;mso-style-parent:"";mso-padding-alt:0in 5.4pt 0in 5.4pt;mso-para-margin:0in;mso-para-margin-bottom:.0001pt;mso-pagination:widow-orphan;font-size:10.0pt;font-family:"Times New Roman","serif";mso-fareast-font-family:"Times New Roman";}Placing a bet onthe lottery, be it Pick-4 or any other type of game, can be quite expensive.This is especially true if there’s a draw every day. One lottery ticket may notsound costly, but if you place a bet on a daily basis, that would translate toa significant cut from your daily income.  But the thing isthat to increase your chances of winning, you need to place a bet every day. ifyou get lucky and you win a combination, the price is more than enough to makeup for the months and years that you spent betting. That’s why instead ofquitting altogether, bettors devise ways to save on bets and at the same timeincrease their chances of winning.  There aredifference schemes that bettors have come up with, which they apply in whatevertype of lotto game combination being played, like Pick-5, Pick-4, etc.  One of these schemes is the lottery pool.Lottery pools are a scheme participated in by a number of betters pooling intheir resources to increase their chances at the lottery. With their moneypooled, the can now bet on several number combinations for one raffle withouthaving to spend more.  There areseveral lotto games they can bet on. If they play Pick-4, they can have thechances of having a guaranteed Pick-4 wins with 15 number combinations.  The Pros And cons Of Pooled LotteryThe obviousadvantage of joining together your resources in pooled lottery is that itincreases your chances of nailing those winning lottery numbers because as agroup you are betting on several number combinations. Also, because there areseveral of them in a pool group, the amount each one contributes significantlydecreases. Pooled lottery can also be a venue for friends to strengthen theirbonding. It is always advised that members of a lottery pool if not friendsmust at least know each other.  The majordrawback of being in a lottery pool is that you have to share your winningswith each other. Another drawback is that when the pool is not properlymanaged, conflicts among members will eventually happen. Lottery pools involvemoney, and whenever money is made the center of everything, the situation isalways delicate.  There have beenstories already about lottery pool members running after each other after apoor handling of the group. For example, after winning in Pick-4, the leaderruns off with the winnings and doesn’t show his face again. But this situationcan always be prevented if the members set up a system.  PreventingConflicts In Lottery Pools Before a groupsets up a lottery pool, a system has to be created first to safeguard thegroup’s money. Group members must also decide which of the several lotto gamesthey will play. They also have to agree on how often they should place a bet.They can decide to bet every day, or they can agree on betting during jackpotdraws only.  Group membersmust also decide how much each of them will contribute and how often thecontribution is. An ideal lottery pool has members contributing at least $10monthly. How Many MembersIn A Pool The size of poolmembers is also important. A small group is easy to manage, but you don’t havemuch contribution and the chances of winning will be smaller too. But if youhave a big pool, you will have more money to bet and more games to play.However, there will be more people sharing the money in case they win. Ideally,a lottery pool should have at least five members and not more than 15.  In any case,good management is still the best criteria if a lottery pool is to beeffective. The rest, like the frequency of the bets, or whether to play Pick-4or other games, will just follow.