What is a lotto pool? A lotto pool is a group of people who agree to pool their money to buy lotto tickets together and split their winnings evenly. You can use a larger lotto wheel with a higher win guarantee by working in a group.

This is a great way to improve your odds of winning. For instance, if you have $10 to spend on 10 lotto tickets for a drawing, you will have 10 chances of winning. But, if you get 9 other people to put in $10, you have 100 chances of winning, and you only have to split the money 10 ways. It would be a lower payout, but with that smaller prize, you can then spend some of that money to play a better lotto wheel for the next drawing.

It may sound unlikely that one can win more than one jackpot, but we have a lotto winner who used lotto pools to do just that. Fred Gscheidle won 2 lotto jackpots in 3 years for his Eagle's lodge lotto group.

To form a lotto pool, make sure you draw up an agreement and have the members of your pool sign it so there is no confusion about who is involved in the pool and their stake in the winnings.