It has been only to familiar a story in the news in recent times, of bingo winners making promises to share any big wins and then failing to do so when it came to the crunch matter of sharing the prize money. Fortunately this is in the minority and not the majority and most of the news about sharing we hear is good news, with everyone happily sharing their winnings and getting along together like a house on fire. One of the more notable winning stories was the National bingo Platinum prize that went to Soraya Lowell, who although she did not have her bingo partner with her on the night of her ₤1.2 million win, still shared the money with her elderly and sickly neighbour with whom she normally played bingo.
Bearing all of this in mind, you may or may not have realized that many bingo players, both in land based clubs and online form syndicates in which they pool their money to purchase as many tickets as possible, to try and win in high stakes bingo games. While there is absolutely nothing wrong with this practice, it happens with the lottery too. It is a partnership that is entered into among friends, colleagues or family.
People who form online or other bingo syndicates should take care to ensure that their investment in the syndicate is protected and to this end the only sure fire way of doing this is to entered into a signed and written agreement. It does not matter how much you trust one another, when it comes to large sums of money, people can change. It is s simple matter of drawing up and agreement that everyone inputs to and agrees to and then signs and each keeps a copy.
This small action will ensure that in the case of any bingo winnings the prize money will be shared, it doesn’t matter how small, even if it is only ₤10, the money should be shared and this will engender a feeling of trust amongst all participants. It does makes sense to enter into syndicated bingo games as many hand can mark many cards and winning a quarter of something is better than winning nothing at all. Four participants is the generally accepted amount of people taking part in a bingo syndicate, any more than this and the structure becomes unwieldy.
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