Be Sure To Keep Syndicates In Line
Tuesday November 25, 2008
Imagine, the Powerball results your syndicate has match up perfectly to the draw - now, who deserves the prize money? Obviously, considering how tough the Powerball game odds are and how big the prizes are, everyone in your syndicate is going to want their fair share. Deciding on who deserves a share can be tricky, however, if some people are not up to date with paying for their share of the entries.
A bad aspect about Powerball syndicates is that they can divide friends when there is uncertainty about who deserves shares of the prize money. When you play Powerball online by yourself, it's very simple, though the odds are less in your favour. A syndicate complicates matters, so it is important to have a system in place to deal with disputes.
Establish how late payment of syndicate dues is to be handled. If you intend to have an ongoing syndicate consisting of the same individuals, it may be a good idea to draft up a contract for everyone to sign. How you decide to handle big wins and late payment of dues is up to your syndicate, just remember that it is always possible that an unhappy party will mount a legal challenge. A written agreement could help to settle matters more smoothly, however.
Please use our online entry facilities if you are interested in entering Powerball and please return on Friday to find the latest Powerball results.
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