If you’re like most people, you dream about winning the lottery. But you also know that the odds are against you. That doesn’t stop you, though, and you keep playing week after week, hoping to hit the big one one day.

Did you know that you could increase your odds of winning the lottery just by joining a lottery pool? With a lottery pool, everybody chips in, say, $1 per week and if it produces a winning ticket, everybody share the prize equally.

You are more likely to win in a lottery pool but if you do win, your prize payout is less because the money is split between all the other players. So, a $10 million jackpot win would become $1 million if there are 10 players in the pool, for example. But, of course, winning less money is better than winning nothing at all!

How do lottery pools increase your odds of winning the jackpot? It’s simple – The more you play, the more likely you are to win. And, you could play more tickets if more people chip in money. Take, for example, a 6/49 type of lottery game. In that type of game, you have to match six out of a possible forty-nine numbers to win. The odds of winning are approximately 1-in-14-million. Now, say you have a pool of ten people, with each person chipping in $1. That would make your odds of winning 1-in-1.4 million. That’s ten times better than just buying one ticket! Of course, if everybody chips in more than $1, your odds of winning increase even more!

Joining lottery pools is a good way to increase your odds of winning the lottery. It is easy to join one or to even create your own. You could do it at work, with friends, or even with family members.

Tino writes about lottery winners on his blog, like Robert Space, who won, together with his lottery pool at work, $216 million in Mega Millions and Karen Coaton, who won $1 million playing by herself.

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