Using a soccer pool syndicate offers many advantages, including better coupon coverage, lower risk, and a higher bank, all of which add up to a better chance of winning soccer pools. Sure, your winnings will have to be split, but there’s a much better chance of winning in the first place.
There are other benefits as well, depending on the way your union operates. For example, will you meet in the pub every week to draw up your selection list? This can be a lot of fun, but the main reason to run a syndicate has to be the improved odds that come from using larger plans/permits, especially when combined with an effective and proven system for producing match forecasts. There may also be difficulties, which must be planned for. Without a good facility deal, you could end up losing money and friends to a soccer pool syndicate.
The basics of running a syndicate involve two main roles: banker and forecast manager. It also requires a clear agreement, preferably written and signed by each member.
banking
The banker’s role is to collect subscriptions (usually weekly) from syndicate members and to manage the syndicate bank. The bank could really be a bank account, or it could be a tin box. Bank accounts are better, although there may be costs involved in running them. In the UK, the days when pool bets were paid in cash to local agents are fading fast now that online betting is leading the way. Therefore, the banker will usually need access to a credit or debit card to pay the bet. Many pool companies make it easy by offering participation accounts that can be recharged. Some even offer participation credits from time to time.
Problems can arise when members are late in paying their subscriptions. If they haven’t paid in a particular week, should they receive a share of the profit if there is a profit that week? Who finances the deficit of the bet?
Forecast Manager
This lucky man is in charge of preparing and sending the entry to the pools. He will imply knowledge about perms and plans. Will the union use the same perm every week? Who keeps the results data up to date? Usually the forecast manager. It may involve a meeting in the pub to agree the list with the other union members, or it could be the manager doing the work, which could be a few hours a week. If you’re serious about winning, even regularly, then you should use a prediction system that works with soccer score statistics (and these are usually pretty reliable) to produce your match predictions and final list of soccer score predictions. football for your union ticket. Many office unions just return the same numbers each week. This is a waste of time and money.
In many unions, the two roles are filled by the same person.
Union Agreement
This is the key to a successful syndicate (beyond the obvious need to produce winning tips)! A written agreement is best. It’s like a prenup: prepare well, in case things go wrong. Items to consider include:
– Who will be the banker and who will be the forecast manager?
– What happens if a member does not pay?
– Does he/she still get a winning share that week if he/she hasn’t paid?
– will you publicize your victory (some people like publicity, others don’t)?
– Can anyone pay more and have a bigger share of the profits?
– What is the target bet level?
– Who collects the money, when is the deadline for subscriptions?
– Will the banker maintain a floating fund to cover vacations and late payments?
– What if the banker is sick?
– Will you use a proven winning soccer pool system?
Get the basics right, use a good system for preparing your picks, and you’ll be off to a good start!
(c) Phil’s Marks 2011
