Syndicated Bingo
Friday, June 27th, 2008For 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. (more…)