When pooling money together in an attempt to have a bigger chance of winning the lottery with your coworkers, there’s both a right and a wrong way to do this.
The biggest pro in workplace lottery pools is that you can up your chances of winning. Instead of one person having a chance at winning the lottery, you can have the opportunity of winning as a group–but with the caveat of having to split the prize.
Before jumping in the next time you are given the opportunity to join a workplace lottery pool, consider the following Do’s and Don’ts:
Lottery Pool Do’s
Do Choose a Leader – You’ll want to choose a leader who is highly organized and trustworthy.
Everyone Should Receive Photos of Tickets – To avoid having the leader make off with the winnings and not letting everyone else know about it, everyone should be emailed photos or copies of the tickets purchased.
Not only can this give everyone a chance to see if there were any winning tickets, but it can also prove that the leader actually purchased tickets. You never know if they might see a Chevy Silverado truck deal they might want to take advantage of, using the winnings or the money that everyone else put in!
Email Players Often – Before each drawing, the leader should email everyone to say who has paid. This can help protect the pool leader and can also prevent having coworkers try to cash in post-victory.
Lottery Pool Don’ts
Avoid Getting Overwhelmed – It can be easy for the lottery pool leader to become overwhelmed, especially if this is something that the workplace does often. There’s a lot to keep up with!
One way to help ease the pressure is to consider using an app such as Lottery Pool Boss.
Verbal Promises Are Worthless – Just because someone says they were going to pay doesn’t mean they actually were–and if your workplace lottery pool does win, that verbal “IOU” just isn’t going to cut it.
Fair is fair, and it’s important that those who play pay in advance just like everyone else involved.
Don’t Use Cash – Workplace lottery pools can carry a lot of emotions and stress, so it is best to handle anything that involves money through electronic means. Using an online payment account such as Venmo or Paypal can provide confirmation that you paid for a certain lottery.
It can also help the lottery pool leader keep track of who paid how much for what, and no one can try to deny that you ever paid at all.
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