Powerball is a fun game no matter how you cut it, but playing with others can make it even more fun. You might have heard news stories about Powerball pools winning the big prize, and that’s because there is power in numbers – the more tickets you can be a part of, the better chance one of them will be the big winner. It’s simple odds.
And while it’s true that you have to split your pot with however many people are in your pool, the Powerball jackpots are big enough that that should be of no concern (i.e. you walk away with 30 million instead of 300 million – not much to complain about!). This post will look at the steps you need to take in order to start, and run, a successful Powerball pool.
Talk To Your Family Or Colleagues
First off, you are going to need teammates. Your family is a natural choice for this because you trust one another (ideally). Also, if you win big, you don’t have to worry about your family coming to you for money, since they have just as much as you! An office is another great environment for a Powerball pool since the teambuilding aspect of joining a pool dovetails nicely with a supportive work environment.
Appoint A Leader Or Treasurer
Every pool needs someone who will draft the contract, collect the money, dole out the winnings and generally keep everything in order. You can do this yourself, or rely on a responsible, trustworthy volunteer for this role.
Find An Online Site For Powerball
It’s definitely easier, especially here in Canada, to play the Powerball lottery online as opposed to with physical tickets, which are impossible to find. Plus, the benefit of playing online is that you can pay for everything through a tracked, central account and your winnings are always guaranteed to be deposited. In other words, it streamlines the whole pool process.
Draft A Lottery Pool Contract
Print out this lottery pool contract published my MacLean’s magazine, which covers contribution, distribution and what to do in the event of a dispute. When there are potentially hundreds of millions of dollars on the line, you want to make sure the rules are legally binding.
Pick Your Numbers And Purchase Your Tickets
Then it’s a simple matter of collecting money, purchasing your Powerball tickets online and letting everyone choose numbers (or using a random number generator). Then sit back, cross your fingers and daydream about what you would do with your piece of the pie.
Aside from the fact that you statistically improve your chances of winning the more tickets you choose, lottery pools can be a great way to connect with colleagues or have fun with family (provided everyone is of age, of course). Plus, if you win the jackpot, you don’t have to experience it alone – you will have other people going through the same experience, which can be helpful. After all, winning a Powerball jackpot can be a life-changing event.
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