For the past few years bingo prize jackpots have been increasing quite dramatically, not only in the land based bingo clubs, but also for online bingo. This has caused a new kind of evolutionary process for bingo players, the bingo syndicate. This is much like a lottery syndicate, where a couple of friends, or a group get together, pool their financial resources and share any prize money. Syndication is thought to offer players better odds of winning and in many instances it does. It is not a difficult concept to understand, if four players join their resources, they can afford more cards and many cards may be marked by many hands.

Bingo syndication does not only apply to the land based game of bingo, online players also make use of it. Although the prize is split between the number of syndicated players, it is still better than not winning at all, and this type of scheme appeals to many bingo players.

Bingo syndicate can be ongoing or established for just one game or session. There is no legal process that has to be adhered to; it is simply a verbal or written agreement between participants. One thing that is essential is a clear set of rules must be established before bingo players’ act as a syndicate.

Playing in a syndicate encourages the social aspect of bingo, as players are genuinely keen for their fellow members to win. They will all benefit, regardless of who wins.

Trust is a very important factor when playing syndicated bingo. There have been quite a few instances when one person has won and their friends or family have believed themselves to be part of a syndicate, only to have the winner try to keep all the winnings to themselves. This has led to a number of court cases, and these court cases don’t seem to have set any legal precedent. Every judge has ruled as he sees fit, some win, some lose, but what does happen is families and friendships fall apart and this is not something that anyone wants to happen.

When forming a bingo syndicate, it would probably be wise for everyone to agree to something in writing. This will preclude any misunderstandings in the event of a win and save a great deal of trouble for all members of the syndicate. Although generally speaking, most bingo players are willing to share.