Bitcoin Forum

Economy => Gambling discussion => Topic started by: Lucasgabd on August 01, 2023, 03:44:35 PM



Title: Collective bets in local lotteries
Post by: Lucasgabd on August 01, 2023, 03:44:35 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better


Title: Re: Collective bets in local lotteries
Post by: Ulven on August 01, 2023, 04:08:54 PM
Betting as a group in local lotteries is akin to creating a dream team! While the odds may still be low from a mathematical standpoint, the power of hope and togetherness knows no limits. When friends unite, pooling their luck and resources, it's as if they sprinkle magic on those lottery tickets. Who knows? A delightful surprise might be waiting for the squad! Even if the jackpot remains elusive, the excitement and camaraderie of dreaming together form a beautiful adventure worth cherishing. So, keep dreaming, and may the lottery stars shine brightly on your group's path! 🌟 ;)


Title: Re: Collective bets in local lotteries
Post by: Yogee on August 01, 2023, 04:13:08 PM
It's not that different from people pooling funds to invest in some shitcoin I guess? I don't like the idea to be honest since you never really know what other people may do if given the opportunity to take huge money for themselves. It's probably a fun thing to do but it's not my thing. I would rather buy lottery tickets myself with my own money.


Title: Re: Collective bets in local lotteries
Post by: abel1337 on August 01, 2023, 04:16:32 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better
The odds are still low even you bet as a group. You can increase the chance of you winning but I don't think that you can win it by just few tries, it can even last you and your people months without seeing a good results. Additional to that is the hassle that a you will experience in targetting that kind of lottery tickets per day. It would be a disaster filling up the tickets with your details in it. I don't know if someone made this kind of strategy to win on a local lottery.


Title: Re: Collective bets in local lotteries
Post by: crwth on August 01, 2023, 04:19:36 PM
Let me know if I understood correctly what you mean.

You are going to do it collectively because it's a lot more money than just you. Hence the amount of chances to win is increased. Is this your takeaway on this?

I think this is still not effective knowing that it's going to be just fewer addition. I remember that someone bought at least $100,000 in lottery tickets and they still didn't win a significant amount to recoup the losses. It's a losing game if you try to increase your chances.


Title: Re: Collective bets in local lotteries
Post by: Frankolala on August 01, 2023, 04:26:07 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better
Two heads are better than one,the chance of winning will be higher than when a single person is betting since it is a group thing. One thing that you should also put into consideration is that no matter how many gamblers coming together to do the maths their chances of winning is still 50-50 because gambling is all about luck.

I wouldn't love to gamble as a group because there can be some misunderstanding when it comes to division of funds after winning big. I prefer the solo gambling that if I loss it's all my funds and if I win,I have all the funds. However,it is fun gambling as a group.


Title: Re: Collective bets in local lotteries
Post by: Wapfika on August 01, 2023, 04:29:24 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better
Although they indeed increased their chance of winning by doing group lottery ticket by small percentage I think there’s a big problem here on who will claim the prize if ever they win jackpot prize.

Lottery ticket has no owner imprint on it which means anyone who will be greedy on the group can solo rhe profit and hide to others. This is very possible since it’s very common to be greedy if there’s huge money involved so doing this kind of pool is totally absurd unless you have a legal documents that will protect everyone involved for prize split in an event that someone will be greedy. Still, betting solo is the brst thing to do to avoid hassle and trust issues.


Title: Re: Collective bets in local lotteries
Post by: harizen on August 01, 2023, 05:02:26 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

Basically, and as mentioned, it simply just to raise the chances of winning

But take note, the level of chances is still considered low regardless of how big the numbers are in that group. Actually, it just the same as more different people betting on tickets every day but the difference is, people in these so-called groups do have a given task to intentionally increase their purchased tickets.

Might be good but personally for me, it doesn't change the fact that the winning chance is slim.

Although they indeed increased their chance of winning by doing group lottery ticket by small percentage I think there’s a big problem here on who will claim the prize if ever they win jackpot prize.

Lottery ticket has no owner imprint on it which means anyone who will be greedy on the group can solo rhe profit and hide to others.

Although that is possible, I believed at most cases that the majority of those groups are well-organized.


Title: Re: Collective bets in local lotteries
Post by: cabron on August 01, 2023, 05:40:07 PM
It's not that different from people pooling funds to invest in some shitcoin I guess? I don't like the idea to be honest since you never really know what other people may do if given the opportunity to take huge money for themselves. It's probably a fun thing to do but it's not my thing. I would rather buy lottery tickets myself with my own money.

That's what I can see would happen.  Not your lottery ticket, not your win.

There are instances where there are multiple winning in the lottery and they are surprised that they are actually going to split the money and not get about 100M each. They got no problem with it since the state lottery is the one splitting the money for them but if it's the group, there is going to be a lot of talks before it will happen. Or they may never end up splitting because the one who holds the ticket just runs with it.


Title: Re: Collective bets in local lotteries
Post by: Yatsan on August 01, 2023, 06:09:03 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better
Dreaming in groups, is good not until someone becomes greedy of the prize. We cannot tell basically, that's just how powerful money is. Yes probability will obviously be higher than individual betting but I'd still prefer betting alone 'coz in such way it'll be easier to accept loss and enjoy winning more.
It's not that different from people pooling funds to invest in some shitcoin I guess? I don't like the idea to be honest since you never really know what other people may do if given the opportunity to take huge money for themselves. It's probably a fun thing to do but it's not my thing. I would rather buy lottery tickets myself with my own money.

That's what I can see would happen.  Not your lottery ticket, not your win.

There are instances where there are multiple winning in the lottery and they are surprised that they are actually going to split the money and not get about 100M each. They got no problem with it since the state lottery is the one splitting the money for them but if it's the group, there is going to be a lot of talks before it will happen. Or they may never end up splitting because the one who holds the ticket just runs with it.
Splitting is basically a verbal agreement and as long as no paper supports the condition, everything would fall under the hands of that individual in your group, who happened to win the lottery. Would he be wrong if he won't share it? Morally, yes. But you won't be able to sue him for such thing if there's no agreement acknowledged  on paper and signed by both parties. Such thing isn't nee to be honest. Many people could break their friendship or alliance just because of money.


Title: Re: Collective bets in local lotteries
Post by: acroman08 on August 01, 2023, 08:21:41 PM
it is not a bad idea to increase the odds, but as Yatsan mentioned, this could lead to someone betraying the group just to claim the winnings for themselves. also, not sure how the lottery works in other countries, but in my country, winning the jackpot isn't the only way to win in the lottery, being able to match 3, 4 or 5 out of the 6 winning numbers will get you a reward.

I think this is still not effective knowing that it's going to be just fewer addition. I remember that someone bought at least $100,000 in lottery tickets and they still didn't win a significant amount to recoup the losses. It's a losing game if you try to increase your chances.
Mr Beast(a youtube) did a video where he bought $1 Million worth of scratch tickets. in the end, he didn't get any major jackpots(as far as I remember) but he at least got more than half of the money he spent buying the scratch tickets.


Title: Re: Collective bets in local lotteries
Post by: Casdinyard on August 01, 2023, 08:38:14 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better
So like Jerry and Marge Go Large but in real life? I think it could work even without the mathematical flaw that they made a big deal about in the movie. There's a good way for you to win bets as a group especially when it comes to the lottery but only in certain types, as games like the PCSO Lotto in the Philippines completely took care of this and made sure that large bet groups wouldn't be able to win more games than regular players by making sure that the numbers that are still predisposed don't necessarily win you the games, you have to choose the correct combination and orientation and only by then will you be able to win the whole prize pot. At the end of the day I think it's great math exercise but if you're looking for a syndicated form of business why not just invest on a cooperative?


Title: Re: Collective bets in local lotteries
Post by: rhomelmabini on August 01, 2023, 08:44:50 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better
Never have known this but I think even with 30 or more the chances will still not be that great and this could just lead to more conflict of things. Having 5000x tickets is really a huge deal for one but as Casdinyard is saying having that Jerry and Marge Go Large debut is not sustainable unless you're really that genius. I don't know if there's a group that doing this but mostly will fail in the long term, it's only good when starting, the hype and hope is present.


Title: Re: Collective bets in local lotteries
Post by: Oasisman on August 01, 2023, 08:59:07 PM
The odds are still low, so I'd rather bet on my own peaceful mind lol. I'm not selfish, but I just don't want to have a potential conflict with shares when your team wins eventually. But, I don't really know how that works because we dont have lotteries here that allows a group of people to bet as one team.
Not really a fan of lotteries, i bought tickets sometimes before, but that's more likely a donation to the lottery company.
There's nothing interesting about lottery other than the massive amount of jackpot that has been pooled by the thousands or not millions of people who bought the tickets.


Title: Re: Collective bets in local lotteries
Post by: yahoo62278 on August 01, 2023, 09:18:47 PM
When you bet with a group you run the risk of whomever claims the money being able to fuck everyone. If the group as a whole is allowed to collect the prize that's 1 thing, but if only 1 person can claim the prize there is big risk involved.

If you have a group of people whom you can trust, risking a few dollars for a decent payday is fine. Just keep what I say in mind, it could lead to a big drama fest.


Title: Re: Collective bets in local lotteries
Post by: ChiBitCTy on August 01, 2023, 09:26:04 PM
This is a very common practice here in the United States.  Often times when people work in a group setting (which has been decreasing ever since Covid reared it's ugly head) they will all throw say 5 or 10 bucks and buy as many lotto tickets that can be bought with the pot of money that was put together.  As you mentioned it's still going to be difficult to win, but it does in fact increase your odds...so do you want to be that one co-worker who didn't chip in when they hit the lotto and all retire while you get stuck working for the rest of your life??  :D


Title: Re: Collective bets in local lotteries
Post by: TimeTeller on August 01, 2023, 09:34:54 PM
When you bet with a group you run the risk of whomever claims the money being able to fuck everyone. If the group as a whole is allowed to collect the prize that's 1 thing, but if only 1 person can claim the prize there is big risk involved.

If you have a group of people whom you can trust, risking a few dollars for a decent payday is fine. Just keep what I say in mind, it could lead to a big drama fest.

That is true, when it comes to money, even friends can have bad blood once they learn there's money on the line.
Would be good if you have people that you can trust through and through, if not, better place your bet alone.
It may give you higher chances betting as a group, but the consequences may not be great once you start collecting some winnings.
Have read some nasty situations already in this forum alone, 2 friends getting huge winnings ended with one hiding from his friend along with the winnings.


Title: Re: Collective bets in local lotteries
Post by: coin-investor on August 01, 2023, 09:35:22 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better

I don't go for it lottery is an extremely luck-based game, you can win with one ticket or with thousand tickets I've read that one guy wins a lottery on his first bet in a lottery, and you, buying one ticket have the same chance as that buying with thousands of tickets and besides if you want to win in a once in a lifetime bet you prefer to win it by having all the money.
I've never encountered this method before even though the lottery is very popular here in our country, and besides it is hard to be anonymous when you are part of the group betting and you win the jackpot you cannot be so sure that your co- participants will honor the agreement that you will not divulge the name of other co bettors.


Title: Re: Collective bets in local lotteries
Post by: KTChampions on August 01, 2023, 09:39:31 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better

On an intuitive level, I don't like this idea. But from a mathematical point of view, it might make sense. For example, the main prize in the lottery is $50 million. For a certain number of separate players, one million dollars is enough to completely solve their life problems. Thus, it will be beneficial for them to gather in a group of 50 people and play together - they will increase the chance of receiving the required amount by 50 times, which is very good.


Title: Re: Collective bets in local lotteries
Post by: robelneo on August 01, 2023, 09:53:18 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better

It's a good idea for many but I don't think I can be part of it if it so happens that the lucky numbers come out and you're the one who thinks and bet on it, you'll regret sharing your money with others, it's not about greediness but winning in a lottery is like one in a million or even higher if it's almost impossible to hit the jackpot it's better to have it all.

And there are scenarios that will cause panic among members what if one of the tickets won and the caretaker of the tickets told the others that he lost the winning ticket but the truth is he just hide it to claim the jackpot for himself, you never know what other people's motives are when it comes to money so its better to bet alone and win alone, the group chances is the same as yours, if you're going to hit the jackpot, you're going to hit the jackpot that's fate.


Title: Re: Collective bets in local lotteries
Post by: DoublerHunter on August 01, 2023, 10:24:31 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries
^ By participating in a lottery as a group and collectively purchasing a large number of tickets, you increase the overall number of combinations you are playing. This can raise the probability of winning some smaller prizes or even hitting the jackpot. The chances may still be slim, but there have been instances in Brazil, as you mentioned, where local lottery prizes were won by small groups of people who joined together to buy a significant number of tickets. I cant imagine who they will divide the reward if there are too many of them who participated.


Title: Re: Collective bets in local lotteries
Post by: PX-Z on August 01, 2023, 10:39:12 PM
Sounds like a good dream and a good team, but I only think the winning outcome will be worst. Just like the previous news i read here of joining bet and winning the bet where the other one steal all the pot from the other.


Title: Re: Collective bets in local lotteries
Post by: uneng on August 01, 2023, 10:53:36 PM
Collective bets are common in Brazil inside companies, institutions and groups of friends. People reunite 30-50 members and place a bet with different possible results to maximize their earning chances and in case they win the money is splitted among everyone. Since the prize is huge, it totally worths in my opinion, although I still think it's really hard to win the jackpot prize, despite the high number of people involved on the partnership.

If they are lucky enough, they might not win the biggest prize, but the minor ones, which will be also splitted among everyone, so they can use the profit to try once again or to just enjoy the money as they wish.


Title: Re: Collective bets in local lotteries
Post by: Fatunad on August 01, 2023, 10:56:07 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better
As long you would be able to find up those people on whom you can trust then having those in groups would really giving out those chances and its better to have it rather than to be alone but if we do speak about
trust then this is something that would really be the issue. The main question is, who would be the one would really be holding up those tickets? This is something that you would really be boggling up
but if there's something you could be able to entrust on holding those tickets among the group then its good but always have the risks because winnings could really be ran away of that certain person.
This is why it would really be that not shocking that people would really be making out bets on their own rather than on joining with some groups just to have that kind of intent on which it is something
that had been done by some groups and its true that having those numbers of tickets in a group is much more better on having that kind of winning than on going solo. But the question is, how you would be able to
feel that if you are the ones who do make out such combinations and it do landed on your number combinations? For sure you would really be having that extreme regret on that regard.  :D


Title: Re: Collective bets in local lotteries
Post by: dothebeats on August 01, 2023, 10:58:14 PM
It is not new for this kind of betting pattern to happen. There are tons of stories in recent times about a group of people chipping in to bet on lotteries in huge volumes. The goal is to not always hit the jackpot, but to at least get some numbers that will still net a reward and get a ton of it on the draw date and exchange it for cash. You can do this alone if you have the means to be on the lottery at record speed, and have funds to bet on. You can also convince some of your friends to bet with you and pool your money to win the lottery. Though chances are, if you are not betting in the figures of millions of dollars worth of tickets, you will not profit off of it and would most likely be wasting your time and your money on this doomed plan.


Title: Re: Collective bets in local lotteries
Post by: ralle14 on August 02, 2023, 12:03:28 AM
You already mentioned the chances don't change as much, so having that slight increase by joining a group doesn't seem worth it and in exchange, you'll have to split the prize with the group.

Those who are desperate to win a lottery will probably take the best chance they can find, but for me, i'd rather bet alone than do it in groups. I'm not against betting as a group, but if the difference isn't that significant, you might as well stick with your bets.


Title: Re: Collective bets in local lotteries
Post by: ethereumhunter on August 02, 2023, 06:46:23 AM
It's a good idea to pool the money together as a group. But the problem is how the tickets are distributed and if one person wins, won't the others feel jealous? Or will the winnings be divided according to the number of people in the group?

Maybe it can be tried but we have to ensure who can be in that group. We could choose our close friends to be a group so there is no jealousy or other feelings.


Title: Re: Collective bets in local lotteries
Post by: topbitcoin on August 02, 2023, 07:26:46 AM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better
Yep, at least it's more likely than doing it yourself but it's still a bit tricky in terms of the final prize distribution at the end.
Unless everyone has agreed on the number of tickets purchased and the amount of prizes they will get if they are lucky.
But on the other hand, gathering people like this will be a little complicated, especially with the number of tickets purchased by each person, which obviously must have the same level or the same amount, which could be a hindrance.

I don't really like lotteries but indeed if there are people who like games like this I think the way OP did can still be an alternative.


Title: Re: Collective bets in local lotteries
Post by: Strongkored on August 02, 2023, 11:53:10 AM
The chance of being in a group to become a winner will increase but the prize will still be small because it has to be shared equally with other members so that the dream is not a very sweet dream because the amount won may not be life-changing because the value is small if the distribution of the percentage of prizes is based on the number tickets owned by each member of the group so having more tickets will allow us to get bigger prizes but of course, the money used is also bigger than other members.
If I have to choose, then individually it will be my choice, even though I don't know how long I will be able to win the prize but once we can get it it will be a dream come true and very sweet, and it could potentially be life changing.


Title: Re: Collective bets in local lotteries
Post by: coin-investor on August 02, 2023, 12:24:22 PM


Maybe it can be tried but we have to ensure who can be in that group. We could choose our close friends to be a group so there is no jealousy or other feelings.

We really never know our friend until there's money involved, friends will agree on the terms when you're betting but it's different when you all win, there's also betrayal and quarrel along the way like if the person who thinks of the number ask for more shares.

So many things have to be settled or at least get the help of an attorney so you can all be guided on how to proceed in case your group the jackpot so everybody is bounded by an agreement created by lawyers, to avoid this hustle its better to just bet on your own if you hit the jackpot there is no agreement to follow.


Title: Re: Collective bets in local lotteries
Post by: TravelMug on August 02, 2023, 12:36:28 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better

Still a game of chances though, so even if you increased your chances, if lady luck is not going to smile on you, then I doubt that you can win your bet as a group of collective bets.

But we couldn't take away this from the persons that are doing this, maybe who knows, this small groups will hit that jackpot or at least won some money.

For me though, I would rather go lone wolf, just saying.


Title: Re: Collective bets in local lotteries
Post by: Dave1 on August 02, 2023, 12:39:32 PM


Maybe it can be tried but we have to ensure who can be in that group. We could choose our close friends to be a group so there is no jealousy or other feelings.

We really never know our friend until there's money involved, friends will agree on the terms when you're betting but it's different when you all win, there's also betrayal and quarrel along the way like if the person who thinks of the number ask for more shares.

So many things have to be settled or at least get the help of an attorney so you can all be guided on how to proceed in case your group the jackpot so everybody is bounded by an agreement created by lawyers, to avoid this hustle its better to just bet on your own if you hit the jackpot there is no agreement to follow.

This is also what I thought, I remember when I was a kid there was one story in our neighborhood wherein some individuals will asked a person to go to a lottery and put a bet on them. So usually this goes on smooth for months or for years, until suddenly when one of his patrons won a decent amount, it's not a the jackpot but like 5 out 6 numbers. But this man disappears and taking the winnings by himself and he was never seen again. And as you have said, when money is involved, even small amount, you really don't know what people are going to do.


Title: Re: Collective bets in local lotteries
Post by: Dunamisx on August 02, 2023, 12:44:41 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

Anything that has to do with a collective efforts is not always a take for someone like me because there will always be a means of having serious misunderstandings at the end, being on a collective lottery application does not increases the chances of being accepted but rather have some way of making things more complicated when there's an opportunity coming after the application.

If dreaming alone is cool dreaming in groups can be even better

Or could be even worse than ever anticipated for, anything that has to do with group is not what anyone can take or accept like that.


Title: Re: Collective bets in local lotteries
Post by: Gozie51 on August 02, 2023, 01:49:36 PM
It's not that different from people pooling funds to invest in some shitcoin I guess? I don't like the idea to be honest since you never really know what other people may do if given the opportunity to take huge money for themselves. It's probably a fun thing to do but it's not my thing. I would rather buy lottery tickets myself with my own money.

What about the chances of one of the team try to scam others in the pool if the bet becomes a win? This is possible like in investment and ico coins where there are alot of ingenuity. Out of 12, there could be a "Judas", so the chances are also there that some one or few might play smarter to side track the winning. However, the only purpose and can point out by making such pool of resources is that the amount to invest might be smaller since it is a group but other than that, it might be better buying the lottery ticket as an individual.


Title: Re: Collective bets in local lotteries
Post by: n0ne on August 02, 2023, 02:06:58 PM
Whether it is local lottery or something universal the winning chance is all connected with the luck factor. With these kind of groups the winning probability can be increased. However these are just kind of trick, and the same doesn't assure wins in few trials or within limited spending.

When it comes to lottery or gambling it is always good to be individual participation than as a group. Surely there'll be conflict between the group members. At some situation if a group have bought lotteries of specific number and missed it by small difference, surely someone could've requested to buy those lotteries earlier and the same could be problematic.


Title: Re: Collective bets in local lotteries
Post by: aioc on August 02, 2023, 02:38:22 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better

I don't think it can be better, all ticket has a chance, and the group's chance is the same as all the other bettors even those with one ticket, we've read bettors who won on their first bets, so with this, I prefer to bet on my own no complication no agreement or terms and no issues when one of the group's ticket hit the jackpot and of course, you want to be anonymous when you hit the jackpot, something that will not happen if you are part of the group.


Title: Re: Collective bets in local lotteries
Post by: lizarder on August 02, 2023, 02:53:27 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries
I have never bet with a group in any form of gambling, so there is no specific description of the results and odds of the lottery.

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say
But from some of the sources and replies that I followed in this post, the single method of participating in the lottery would be much better than trying it with a small or large group. There is no sure way to get consistent wins on lottery tickets, so mathematically the chances also depend on how lucky you are. I think?

If dreaming alone is cool dreaming in groups can be even better
And dreaming too much will also affect our sleeping hours and in the end we will lose the positive activities that are carried out every day. LOL


Title: Re: Collective bets in local lotteries
Post by: wiss19 on August 02, 2023, 04:41:01 PM
Well, if you feel that you can get a prize that can be divided into the group equally and all of you will get a good enough amount, you should go ahead and try it, but always make sure that you get together people that won't make any issues later on by saying they won't take this much and want more, or if nothing is won, they shouldn't come to you and start forcing you to return their money because you didn't win any amount in the prizes.

So if you finalize everything and also find the people willing to put their money in with you, make sure you create a contract and get their signatures and explain everything to them that the prize will be equally divided to everyone if won, and there won't be any refunds if the tickets don't win anything.


Title: Re: Collective bets in local lotteries
Post by: Cryptomultiplier on August 02, 2023, 05:05:40 PM

If dreaming alone is cool dreaming in groups can be even better

Am not going to talk like I know much about lotteries, but I have seen how it has changed lives for my close relative who won, a family friend and one of my Pastor and his family who won and they relocated to the U.S.

I hardly hear about lottery winnings these days, as there has been stricter restrictions and rules for my country and  freebies like lottery wins from bet or taking a chance on an outcome is scarce or people don't just fancy it much.
 BTC trading, forex trading, online gambling and betting I think has more than given individuals more courage for independent living, rather than focus much resources on lottery tickets or lottery winnings.

This idea sure is very valid and I wish it could be done for family groups too. This way there is more trust between the lottery agencies, the individuals involved, the government of these countries.

I love this last line of your essay and it more than explained your point of view.  


Title: Re: Collective bets in local lotteries
Post by: passwordnow on August 02, 2023, 05:30:31 PM
This is cool and fun actually only if you've got those friends that you really trust. I know that most of those attempts will fail as hitting the lottery is like once in a blue moon. But let's get to the point of what if you actually won, the prize should be split equally on how much you've shared on that bet. I think there's even a place that has done this and most of the town folks have won an incredible amount. I can't remember where it actually happened but it's real and truly fun to know.


Title: Re: Collective bets in local lotteries
Post by: Silberman on August 02, 2023, 06:04:21 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better
I have heard about it before but where I live this is not common at all as I do not remember a single case in which the winner of a big prize money was a group instead of an individual, however while this may seem like a nice strategy to do and it may be even fun as now you are sharing your hobby with a bunch of people that like to make small bets as well, the problem arises precisely when you win any amount of money, as now you have a lot of people that could run away with the winning ticket, and unless you can prove in a court of law that you did bought the ticket as a group then that person will keep all the money.


Title: Re: Collective bets in local lotteries
Post by: GigaBit on August 02, 2023, 06:05:42 PM
Brazil can be the example of such types of bets but I don't think this strategy is very prevalent elsewhere. As winning the lottery is a matter of luck. Also, if there is a lottery at the national level, there is a very small chance that even if the lottery is purchased at the collective level, personally I will not prefer it. This can be done if it seems profitable according to the lottery prize and lottery quantity. If you win in this case, everyone can be benefited. The joy of winning the lottery in a collective way is not the same as the joy of winning the lottery individually.


Title: Re: Collective bets in local lotteries
Post by: Jody.Drummer on August 02, 2023, 06:17:44 PM
This is cool and fun actually only if you've got those friends that you really trust. I know that most of those attempts will fail as hitting the lottery is like once in a blue moon. But let's get to the point of what if you actually won, the prize should be split equally on how much you've shared on that bet. I think there's even a place that has done this and most of the town folks have won an incredible amount. I can't remember where it actually happened but it's real and truly fun to know.
People who can be trusted, that's what you have to have as a team, because you have to remember this is something related to money, which will definitely be more sensitive. Before starting we must really see the personality of our team, and must really have strict rules about this, because it could be that money will change their mindset if they win.
There are things that must be really considered here, such as an agreement if you win or so. This seems like a trivial thing, but if you can't manage it then it will create discord between the teams.


Title: Re: Collective bets in local lotteries
Post by: KTChampions on August 02, 2023, 06:42:29 PM
Brazil can be the example of such types of bets but I don't think this strategy is very prevalent elsewhere. As winning the lottery is a matter of luck. Also, if there is a lottery at the national level, there is a very small chance that even if the lottery is purchased at the collective level, personally I will not prefer it. This can be done if it seems profitable according to the lottery prize and lottery quantity. If you win in this case, everyone can be benefited. The joy of winning the lottery in a collective way is not the same as the joy of winning the lottery individually.

Even if the chance is small, then playing with a group of 100 people, you increase it by 100 times. I think you will agree that it is more profitable to have a small chance multiplied by 100 than just a small chance. As for the winnings, if it is so big that even a hundredth part of it radically changes your life, then such group games make sense.


Title: Re: Collective bets in local lotteries
Post by: stomachgrowls on August 02, 2023, 06:57:16 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better
I have heard about it before but where I live this is not common at all as I do not remember a single case in which the winner of a big prize money was a group instead of an individual, however while this may seem like a nice strategy to do and it may be even fun as now you are sharing your hobby with a bunch of people that like to make small bets as well, the problem arises precisely when you win any amount of money, as now you have a lot of people that could run away with the winning ticket, and unless you can prove in a court of law that you did bought the ticket as a group then that person will keep all the money.
It cant really be known considering that winner would be announced on a certain individual or entity and not as a group because the lottery management would really be only considering that single ticket on which only one

person would really be claiming out and this is why it cant really be known publicly on which it wont really be that surprising.Some people might not able to hear off because its usuallly not really been that announced but rather these would really be these kind of groups is made out personally by a certain close people to each other, unless if they would be making out some announcement locally then it might do.
I dont know if its really that been allowed nor really be that legal on lotteries rules and conditions though but as far as im aware which this one isnt violating anything.

I do agree on the fact that playing or betting out in groups do stood a chance on winning or hitting up the jackpot but on realistically speaking or approach then it isnt really
still that giving that huge chance knowing that even having 100x-5000x tickets wont really be that still making out guarantees on making a hit.


Title: Re: Collective bets in local lotteries
Post by: madnessteat on August 02, 2023, 08:01:51 PM
Brazil can be the example of such types of bets but I don't think this strategy is very prevalent elsewhere. As winning the lottery is a matter of luck. Also, if there is a lottery at the national level, there is a very small chance that even if the lottery is purchased at the collective level, personally I will not prefer it. This can be done if it seems profitable according to the lottery prize and lottery quantity. If you win in this case, everyone can be benefited. The joy of winning the lottery in a collective way is not the same as the joy of winning the lottery individually.

Even if the chance is small, then playing with a group of 100 people, you increase it by 100 times. I think you will agree that it is more profitable to have a small chance multiplied by 100 than just a small chance. As for the winnings, if it is so big that even a hundredth part of it radically changes your life, then such group games make sense.

Personally, I do not see the sense in it, because increasing the chance of winning in 100 times you reduce the winnings also in 100 times as even if one of the participants of the pool will win the prize the prize will have to be divided on all.

In general, I stopped playing the lottery a long time ago, because the chances of winning are so small that you can buy lottery tickets all your life, but never win. In my opinion, it is much more interesting to play the same slots, dice or poker.


Title: Re: Collective bets in local lotteries
Post by: Falconer on August 02, 2023, 08:16:53 PM
Brazil can be the example of such types of bets but I don't think this strategy is very prevalent elsewhere. As winning the lottery is a matter of luck. Also, if there is a lottery at the national level, there is a very small chance that even if the lottery is purchased at the collective level, personally I will not prefer it. This can be done if it seems profitable according to the lottery prize and lottery quantity. If you win in this case, everyone can be benefited. The joy of winning the lottery in a collective way is not the same as the joy of winning the lottery individually.
When someone dreams of winning a lot of money from the lottery with their game strategy, then maybe some of us can call it difficult and unreasonable. At my place some lottery gamblers believe in superstitions and they even often associate the meaning of dreams with lucky numbers. It's not clear what the connection is, but some of them are very lucky in individual games.

Collective play and individual play are different, but collective play can give you and your group a higher chance of winning than individual play. But I tend to like gambling individually, it's fun for me.


Title: Re: Collective bets in local lotteries
Post by: dothebeats on August 02, 2023, 11:27:29 PM
Brazil can be the example of such types of bets but I don't think this strategy is very prevalent elsewhere. As winning the lottery is a matter of luck. Also, if there is a lottery at the national level, there is a very small chance that even if the lottery is purchased at the collective level, personally I will not prefer it. This can be done if it seems profitable according to the lottery prize and lottery quantity. If you win in this case, everyone can be benefited. The joy of winning the lottery in a collective way is not the same as the joy of winning the lottery individually.

It still increases your chances somewhat, though not enough to be significant if we're to be realistic about it. Nevertheless, you're still upping the chances and those minute addition to what's already in there could win you something. I'll be taking that any day because in these games of chances you'll never know when will you be hitting the jackpot or calling it just another day in the office. Besides, chipping in a dollar or two for the lotteries isn't that big anyway.


Title: Re: Collective bets in local lotteries
Post by: Slow death on August 02, 2023, 11:55:05 PM
With so many movies I've watched in which a group of people decide to rob a bank and then that same group of people, when they rob the bank, start killing each other because nobody wants to share the money, unfortunately that doesn't just happen in the movies , in my country I've seen a lot of horrible things with a group of friends who joined forces to go do jobs and when they received the money they started to fight in a brutal way, they didn't even seem like friends, that's because some always received more than the others and the others they kept complaining that they worked more, so the shelter was intense and it was very difficult to separate the fight

the saddest thing about it is that it wasn't a lot of money, now I'm wondering what if they had saved up money and bought lottery tickets and then won, in my country's lottery the prize is a lot of money, I have no doubts about one thing: the guys would kill themselves for just one person to have the money. That's why I have no doubts that I wouldn't do that, I wouldn't join together to buy a lottery ticket, I wouldn't even tell anyone that I'm playing the lottery, except people in my house and family, if I was going to save money to play the lottery. lottery i would only do this with people in my family

here in africa, especially in my country, trusting friends is a very serious mistake, friends here don't think twice about abandoning you, everyone lives in competition, so when someone has more money than the other, it already becomes a reason to being envious, they feel pain because the other has it and he doesn't. I see many cases of friends who let another one die, that's why I wouldn't pool money with friends to play the lottery


Title: Re: Collective bets in local lotteries
Post by: Darker45 on August 03, 2023, 03:49:32 AM
It doesn't sound familiar to me. I can't quite understand the mechanics. What do you mean there are prizes given for small groups? Do you mean to say that there are certain prizes that can be won only by group bettors, but with a certain number of tickets, and not by individual bettors?

If this is what you mean, I think this is kind of unique. Surely, this kind of setup is not offered in the local lottery here. All bets are considered individual bets.


Title: Re: Collective bets in local lotteries
Post by: Pierre 2 on August 03, 2023, 04:22:21 AM
I think if good enough trust is involved with this I would like to join for fun. But I personally don't think this will make any difference. When someone in group buy thousands of tickets, but if you only pay 2-3 ticket prices in such pool yes obviously you can get more than what you invested in. But I don't think real life works in such way. Most members that joined the group would probably buy only 1 ticket - just to be part of it.


Title: Re: Collective bets in local lotteries
Post by: ethereumhunter on August 03, 2023, 05:22:51 AM
We really never know our friend until there's money involved, friends will agree on the terms when you're betting but it's different when you all win, there's also betrayal and quarrel along the way like if the person who thinks of the number ask for more shares.

So many things have to be settled or at least get the help of an attorney so you can all be guided on how to proceed in case your group the jackpot so everybody is bounded by an agreement created by lawyers, to avoid this hustle its better to just bet on your own if you hit the jackpot there is no agreement to follow.
That's what we must be aware of if we want to make a deal related to money because money can change everything, including friendships that have existed for a long time. Maybe we really should be able to know which friends are real friends and which are not so we don't run into problems later.

And usually, the problem of sharing money can trigger fights among friends. But maybe it's better if the agreement is done in front of a lawyer so that there is a legal bond that we and our friends cannot violate. It is also to avoid trouble between us and our friends.


Title: Re: Collective bets in local lotteries
Post by: KTChampions on August 03, 2023, 10:45:01 AM
Even if the chance is small, then playing with a group of 100 people, you increase it by 100 times. I think you will agree that it is more profitable to have a small chance multiplied by 100 than just a small chance. As for the winnings, if it is so big that even a hundredth part of it radically changes your life, then such group games make sense.

Personally, I do not see the sense in it, because increasing the chance of winning in 100 times you reduce the winnings also in 100 times as even if one of the participants of the pool will win the prize the prize will have to be divided on all.

In general, I stopped playing the lottery a long time ago, because the chances of winning are so small that you can buy lottery tickets all your life, but never win. In my opinion, it is much more interesting to play the same slots, dice or poker.

The question of whether it is profitable to play the lottery or not is a separate question (of course not, the lottery loses to absolutely all other types of gambling).
There is a sense in a group game in the lottery. There is probably some amount that is life changing for you, right? For example, having received 5 million dollars, you will radically change your life. After that, if you get another 5 or 50 million, there will be no further drastic change. Therefore, the most important thing to start (haha) is to win at least 5 million. A group game where your chances grow multiple helps to achieve this.


Title: Re: Collective bets in local lotteries
Post by: xSkylarx on August 03, 2023, 11:15:49 AM
I didn't hear this in my local country, but is it risky because, let's say, you'll be in a group of 50 and sum up money to buy a ticket, but again, only one person will be doing it? Let's say what happens if you win or if your group wins, and that member will then claim it because he has the lottery ticket, and he will just run away to another city unless all people are trusted there, but again, when it comes to money, we know that people change their minds and can do bad things, and lastly, it is still not guaranteed that you'll win it, so it is still better to bet alone.


Title: Re: Collective bets in local lotteries
Post by: KTChampions on August 04, 2023, 06:56:40 PM
I didn't hear this in my local country, but is it risky because, let's say, you'll be in a group of 50 and sum up money to buy a ticket, but again, only one person will be doing it? Let's say what happens if you win or if your group wins, and that member will then claim it because he has the lottery ticket, and he will just run away to another city unless all people are trusted there, but again, when it comes to money, we know that people change their minds and can do bad things, and lastly, it is still not guaranteed that you'll win it, so it is still better to bet alone.

This is a very good clarification, because this minus overlaps all other pluses. When it comes to big money, even those people who were honest, in other circumstances changes (or shows their true colors). Therefore, if I participated in such group bets, then only in some legally formalized form. Like LLC. I would like to know if there are such firms with the provision of such services.


Title: Re: Collective bets in local lotteries
Post by: Silberman on August 05, 2023, 07:10:35 PM
I didn't hear this in my local country, but is it risky because, let's say, you'll be in a group of 50 and sum up money to buy a ticket, but again, only one person will be doing it? Let's say what happens if you win or if your group wins, and that member will then claim it because he has the lottery ticket, and he will just run away to another city unless all people are trusted there, but again, when it comes to money, we know that people change their minds and can do bad things, and lastly, it is still not guaranteed that you'll win it, so it is still better to bet alone.
And it is especially hard for us to trust in that manner, in fact this is what attracted many of us to bitcoin on the first place, the fact that we did not had to trust anyone in order to secure our transactions was great in my eyes, so buying lottery tickets in this way is surely entertaining but it requires a massive amount of trust among those which are buying those tickets together, and you only need one rotten apple to spoil the fun and run away with whatever big prize money you happened to win.


Title: Re: Collective bets in local lotteries
Post by: dimonstration on August 05, 2023, 07:31:51 PM
I didn't hear this in my local country, but is it risky because, let's say, you'll be in a group of 50 and sum up money to buy a ticket, but again, only one person will be doing it? Let's say what happens if you win or if your group wins, and that member will then claim it because he has the lottery ticket, and he will just run away to another city unless all people are trusted there, but again, when it comes to money, we know that people change their minds and can do bad things, and lastly, it is still not guaranteed that you'll win it, so it is still better to bet alone.

His life will never be the same if he do this since he just make 49 enemies that willing to take his life since the money involved is too big to let it slide. It will be bery hard to enjoy this kind of profit if there’s a lot of people that you that will revenge on you later on. But your example is most common scenario on what gonna happened for doing this kind of group buy.

It’s very hard to trust people if money is involved. There’s always a chance that one or two of the winners will be greedy for the prize.


Title: Re: Collective bets in local lotteries
Post by: tusandii on August 05, 2023, 07:44:11 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better
In the country where I live, there is no way of betting like this because it will only make a fight when you get a win for sharing the results.
The average gambler in my country who bets on the lottery is always individual, even to show the numbers that are bought, sometimes it is really not allowed.

I don't understand whether a method like this can really increase the chances of winning or not, but if in a group each number is divided into the chances of winning are greater, but that is also not guaranteed because the numbers in the lottery are always random, even It's impossible to have 3 exact numbers.

Most gamblers in my country carry out mathematical analysis or predictions and after they get a number that they feel are good they will go to the lottery ticket seller's house to put in the numbers they have and come back again that is individual.


Title: Re: Collective bets in local lotteries
Post by: rahmad2nd on August 05, 2023, 08:37:15 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better

To be honest, I'm not very familiar with collective betting for the lottery. even to win the lottery is not an easy matter, even though we collect bets together. I'm pretty sure that the lottery bookies in your country, will be aware of ideas like the ones you convey in this thread. in my country, lottery is usually multiplied in terms of x100 x1000 x10000. to guess 2 numbers will be multiplied by x100, for guessed 3 numbers will be multiplied by x1000, and for guessed 4 numbers will be multiplied by x10000. like I said, I'm not a lottery maniac. so please understand if there are differences or mistakes in the delivery of what I said.

However, what am I saying, that is the lottery scenario in my country. the reward that every winning gambler gets is quite large. moreover, if it is accompanied by a large bet too. unfortunately, there is no special theory that is able to formulate to get the numbers from the results of calculations or other methods. which in the end, it all depended purely on luck. that's why, I'm not too interested in lottery type bets.

However, there is something interesting about the posts you convey in this thread. I don't know how the lottery method works in your country. but is it possible with collective bets, you will get the target you are after. do you have a formula, method, or whatever it is that is sure to achieve victory. specifically, getting the jackpot. I can't imagine, even if the method or idea that you put forward will work according to what you are targeting. if it can, wouldn't that provide an opportunity. at least, you should try to experiment first.


Title: Re: Collective bets in local lotteries
Post by: stomachgrowls on August 05, 2023, 08:49:14 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better
In the country where I live, there is no way of betting like this because it will only make a fight when you get a win for sharing the results.
The average gambler in my country who bets on the lottery is always individual, even to show the numbers that are bought, sometimes it is really not allowed.

I don't understand whether a method like this can really increase the chances of winning or not, but if in a group each number is divided into the chances of winning are greater, but that is also not guaranteed because the numbers in the lottery are always random, even It's impossible to have 3 exact numbers.

Most gamblers in my country carry out mathematical analysis or predictions and after they get a number that they feel are good they will go to the lottery ticket seller's house to put in the numbers they have and come back again that is individual.
Literally speaking or on general sense if you are really that joining on group or having that collective bets or accumulating huge numbers of bettors on trying out to join up on a pool then it would definitely be increasing out

the chances of winning but of course it wont really be still able to hit up that 1% but totally be depending on number of bettors who are really that making out such ticket pooling.Actually there are people who are really making out these kind of methods on increasing out their chance but we cant really be able to generalize which there might be some other lotteries on other countries which might prohibit this kind of behavior or activity
but i know that it wont really be known if there would be no one will be telling that they've been doing that. The only issue that i do see with these collective bets is really through on the trust on which it is really that something that would create out some argument on the time that someone win up and allocation and dividing those winning amount would really be mainly the issue on this one.
How someone could be able to trust up on the time that they would be hitting millions? Chances of running away is there and this is why it would be most likely that people would be preferring on going
solo or individually.


Title: Re: Collective bets in local lotteries
Post by: LUCKMCFLY on August 05, 2023, 09:04:44 PM
Well, betting in a group has its pros and cons, the pros are that in a group the bets increase and the profits are much higher, not bad, in a group you can make a Commitment to show the degree of bet and why the bet, it seems to me that in knowledge the chances of Winning are Better , therefore if we go to something else we can say that things are when it comes to profit and Whoever affirms is only what can bring problems to a group, then it is not recommended if there is someone who wants to be the most intelligent and leave everyone with nothing, that can Happen because Obviously it is a lot of money , and well , trust is another thing that must be Earned.

Whenever it is about money, things go or can go in a direction that can affect some and benefit others, if the group is completely Legal , that is, there are no feelings that they want to take advantage of or something like that, I think. things can Turn out well , but if all the people are the ones who want to earn whatever it is, going over others, well, I wouldn't get involved in that, there are people who change completely when they see money, they don't. I'm worried about the friends, or even if it is family, I would be very Careful , I would dare to say no , just to avoid Getting in Trouble and not to do things that can obviously affect our integrity, I have seen cases where only two people get in a lot of problems if they work at Partnership Now in a group , I don't know, they would all have to have a very high financial level and be similar.

I can see the Concept of groups and make bets to help each other, it is better to make bets that are backed by many people so that you can win much more, and better than making them 1 alone, besides that the person who makes the decision to make a bet and going out there has to have an associated responsibility, according to this , the people who have the money there should Know to be Able to give their Opinion , if so in that term if many Good things can be Done.


Title: Re: Collective bets in local lotteries
Post by: Johnyz on August 05, 2023, 09:44:59 PM
As long as you trust the collector about your bet then why not? Just make sure he’s honest enough to give the reward to the participants but if you want a stress free betting, then bet on your own. Though the more you bet the higher chance of winning, this is still lottery and its hard to predict its perfect combination for you to win on that day. Just be careful since there is collections, this might turn into a scam activity.


Title: Re: Collective bets in local lotteries
Post by: tusandii on August 06, 2023, 03:26:25 AM
Literally speaking or on general sense if you are really that joining on group or having that collective bets or accumulating huge numbers of bettors on trying out to join up on a pool then it would definitely be increasing out

the chances of winning but of course it wont really be still able to hit up that 1% but totally be depending on number of bettors who are really that making out such ticket pooling.Actually there are people who are really making out these kind of methods on increasing out their chance but we cant really be able to generalize which there might be some other lotteries on other countries which might prohibit this kind of behavior or activity
but i know that it wont really be known if there would be no one will be telling that they've been doing that. The only issue that i do see with these collective bets is really through on the trust on which it is really that something that would create out some argument on the time that someone win up and allocation and dividing those winning amount would really be mainly the issue on this one.
How someone could be able to trust up on the time that they would be hitting millions? Chances of running away is there and this is why it would be most likely that people would be preferring on going
solo or individually.
But in fact, as long as I study and am in the gambling industry, I have never seen a collective bet that is successfully carried out and gives more or more frequent wins because indeed in a group consisting of several people, the only ones who really have luck are just one or two people so that it is impossible to increase the chances of victory.

Maybe some people succeeded in making such bets, but I'm sure it happened only once or twice, and even then in a long enough span of time, even the wins were definitely not comparable to the amount of money spent by one group to buy lottery tickets.

And what is always worried about when betting collectively is when there is a dispute or debate because there is envy of each other about the wins that are obtained.
Meanwhile, this problem can really lead to fights and that should be avoided by every gambler.


Title: Re: Collective bets in local lotteries
Post by: danherbias07 on August 06, 2023, 04:05:17 AM
It could still end up as a waste of money in the long run. If none of you can hit the jackpot at a time when you are losing more and there's no way ROI can be returned then it will all just regret in the end.
You already said it, the percentage is too low which means the chances of hitting the jackpot may take a long time and you could've saved a lot of money as a group rather than giving it away in a gambling way.
True, it will be more fun to do that as a group but again you also lose as a group if nothing will materialize. Imagine if that money is invested instead and for a year you will make more than lose most of the money.
The cryptocurrency industry is wide open for that kind of investment and the ending could be a little loss or a big win for all of you if the market will be on your side.


Title: Re: Collective bets in local lotteries
Post by: ethereumhunter on August 06, 2023, 11:22:41 AM
As long as you trust the collector about your bet then why not? Just make sure he’s honest enough to give the reward to the participants but if you want a stress free betting, then bet on your own. Though the more you bet the higher chance of winning, this is still lottery and its hard to predict its perfect combination for you to win on that day. Just be careful since there is collections, this might turn into a scam activity.
By betting alone, at least we have anticipated the possible problems arising if we bet with friends. We can be more calm in placing bets and whatever the outcome, we will accept it without any reaction from our friends. And if we manage to win, we enjoy the winning money alone without friends even though we can celebrate it with them. But if you want to bet collectively, you must be able to make sure who you trust to place the bet and the distribution of money must also be fair to one another.


Title: Re: Collective bets in local lotteries
Post by: Hispo on August 06, 2023, 04:48:48 PM
It sounds rather fun and indeed can help a bit with probabilities of winning, however, if indeed one as a group end up winning a lottery while engaged in collective betting/gambling some bad situations are very likely to happen.

Someone may try to steal the winning ticket, the money or even some disagreements could appear on how the money is supposed to be shared among all of them.
In my opinion, of one is the kind of person who is used to gambling alone and responsibly manage their money, it would be better just to stay alone on it and face the losses and winnings by ourselves.


Title: Re: Collective bets in local lotteries
Post by: Westinhome on August 07, 2023, 08:44:04 PM
It could still end up as a waste of money in the long run. If none of you can hit the jackpot at a time when you are losing more and there's no way ROI can be returned then it will all just regret in the end.
You already said it, the percentage is too low which means the chances of hitting the jackpot may take a long time and you could've saved a lot of money as a group rather than giving it away in a gambling way.
True, it will be more fun to do that as a group but again you also lose as a group if nothing will materialize. Imagine if that money is invested instead and for a year you will make more than lose most of the money.
The cryptocurrency industry is wide open for that kind of investment and the ending could be a little loss or a big win for all of you if the market will be on your side.
You can buy the lottery with you free money and it wont be the loss at all.Because you are using the money which is not at all money in your budget and monthly expenses.Some people use the free money for the enjoyment,you are just finding you lucky day for the lottery.When the winning was occur,the all the loss money was recovered and you will have an jackpot for your next life.The situation of poor status was moved to richest person.Gambling is all the time thrill based one,because you had a potential to the game fun in the winning matches.The losing match also give some curiosity of winning chance was their in all the game.You can also split the free money to two half,one to the crypto investment and the second part to the gambling.


Title: Re: Collective bets in local lotteries
Post by: STT on August 07, 2023, 10:29:18 PM
I used to enter the lottery via the group buy but you have to trust its going to be run properly.  One factory I worked where I was not personally part of the lottery syndicate they did win but the organizer said it was their own personal ticket.   Well whose to know if it was theres or the groups, the group must have an actual set number chosen every week or it will open up confusion on whether they won or not.  The person who won got 150k dollars and returned to work in 2 weeks.


Title: Re: Collective bets in local lotteries
Post by: carlfebz2 on August 07, 2023, 11:45:59 PM
It could still end up as a waste of money in the long run. If none of you can hit the jackpot at a time when you are losing more and there's no way ROI can be returned then it will all just regret in the end.
You already said it, the percentage is too low which means the chances of hitting the jackpot may take a long time and you could've saved a lot of money as a group rather than giving it away in a gambling way.
True, it will be more fun to do that as a group but again you also lose as a group if nothing will materialize. Imagine if that money is invested instead and for a year you will make more than lose most of the money.
The cryptocurrency industry is wide open for that kind of investment and the ending could be a little loss or a big win for all of you if the market will be on your side.
You can buy the lottery with you free money and it wont be the loss at all.Because you are using the money which is not at all money in your budget and monthly expenses.Some people use the free money for the enjoyment,you are just finding you lucky day for the lottery.When the winning was occur,the all the loss money was recovered and you will have an jackpot for your next life.The situation of poor status was moved to richest person.Gambling is all the time thrill based one,because you had a potential to the game fun in the winning matches.The losing match also give some curiosity of winning chance was their in all the game.You can also split the free money to two half,one to the crypto investment and the second part to the gambling.
As long you do have that kind of approach on things then you wont really be finding out yourself into such problem on where you wouldn't really be minding on how much you have already spent on buying lottery tickets since you are already expecting that you would really be that just fine on how many tickets you have purchased. For collective bets then it would really be entirely that possible but it would be community based or groups depends on the agreement. This is why if you do plan on going for group bets then it would really be just depending on you on going that way but dont make yourself that expect that winning situation or odds then it would really be just the same.Also i dont really like on having other people would be dividing the winnings if it would be able to hit up the win.  :P


Title: Re: Collective bets in local lotteries
Post by: Blitzboy on August 08, 2023, 06:56:12 AM
Well, betting in a group has its pros and cons, the pros are that in a group the bets increase and the profits are much higher, not bad, in a group you can make a Commitment to show the degree of bet and why the bet, it seems to me that in knowledge the chances of Winning are Better , therefore if we go to something else we can say that things are when it comes to profit and Whoever affirms is only what can bring problems to a group, then it is not recommended if there is someone who wants to be the most intelligent and leave everyone with nothing, that can Happen because Obviously it is a lot of money , and well , trust is another thing that must be Earned.

Whenever it is about money, things go or can go in a direction that can affect some and benefit others, if the group is completely Legal , that is, there are no feelings that they want to take advantage of or something like that, I think. things can Turn out well , but if all the people are the ones who want to earn whatever it is, going over others, well, I wouldn't get involved in that, there are people who change completely when they see money, they don't. I'm worried about the friends, or even if it is family, I would be very Careful , I would dare to say no , just to avoid Getting in Trouble and not to do things that can obviously affect our integrity, I have seen cases where only two people get in a lot of problems if they work at Partnership Now in a group , I don't know, they would all have to have a very high financial level and be similar.

I can see the Concept of groups and make bets to help each other, it is better to make bets that are backed by many people so that you can win much more, and better than making them 1 alone, besides that the person who makes the decision to make a bet and going out there has to have an associated responsibility, according to this , the people who have the money there should Know to be Able to give their Opinion , if so in that term if many Good things can be Done.

And the pros and the cons, they are the things that make up the whole experience of group betting. The increase in bets, yes, and the profits, they are higher, thats what you say, and that might be true, or it might not be.

The sharing of knowledge and why the bet could lead to higher winning chances, but then again, does shared knowledge necessarily mean better decisions? Thats something to ponder. And then trust must be earned, or it must be given, or it could be something else altogether. Money changes people; thats a fact, or a concept, or both. In groups, especially with family or friends, caution should be exercised, or it should be avoided, or embraced, depending on the situation.


Title: Re: Collective bets in local lotteries
Post by: iv4n on August 08, 2023, 08:10:34 AM
As long as you trust the collector about your bet then why not?

Well, trust would be a big issue... 20-30 people is not a group of friends, it's a bunch of unknown people. Adding the money factor here would make a total mess I think. I wouldn't say I like this kind of collective bet...

It's different when we bet with close friends, but even that can bring troubles. Some people can show other  (true) "faces" when money is lost or won. Been there, and experienced that... it's better to bet on my own, for my mental health. Maybe I have lower chances, but I also have peace in my mind.


Title: Re: Collective bets in local lotteries
Post by: maydna on August 08, 2023, 10:30:29 AM
I used to enter the lottery via the group buy but you have to trust its going to be run properly.  One factory I worked where I was not personally part of the lottery syndicate they did win but the organizer said it was their own personal ticket.   Well whose to know if it was theres or the groups, the group must have an actual set number chosen every week or it will open up confusion on whether they won or not.  The person who won got 150k dollars and returned to work in 2 weeks.
It seems interesting if you have a lot of people you know so you can work together in a group to buy lottery tickets. There may be a representative from your group whose job is to buy and hold the lottery ticket so that no one knows if you and your group pooled the money together. And if your group wins that lottery ticket, everyone gets their fair share. And for that, we must have people who are honest in betting together and sharing the winnings. Otherwise, it would only cause trouble for everyone.


Title: Re: Collective bets in local lotteries
Post by: inthelongrun on August 08, 2023, 11:04:43 AM
It's the first time I hear about a group of people betting as one on lotteries. Maybe this will work in a good community, family-related, and solid close friends. But still, I'd rather stay away from it. Money is the root of many conflicts and it might happen in the same case here. The leader might want a bigger share or whatever may arise due to greed.

Anyways, I don't trust my government's local lottery here so I haven't bought lottery tickets for a few years already. New and very low-valued altcoins are now my lottery tickets.   ;D


Title: Re: Collective bets in local lotteries
Post by: darewaller on August 08, 2023, 02:14:49 PM
It's a good idea to pool the money together as a group. But the problem is how the tickets are distributed and if one person wins, won't the others feel jealous? Or will the winnings be divided according to the number of people in the group?

Maybe it can be tried but we have to ensure who can be in that group. We could choose our close friends to be a group so there is no jealousy or other feelings.
I think the tickets are only given to one person so obviously that person can only win but don't worry because the prizes will still be distributed equally to the people who participate on the idea. It's fine if other participants are not your close friends but we must only ensure that the organizer of this event is a trusted person and already has a record of doing it.

Overall, I think this is an interesting way to play the lottery and we are defying odds here. The only downside maybe is that the prize that we can get are much lower because there are other people who will also take their share but for me it isn't a problem. That is better than just losing money at all times.


Title: Re: Collective bets in local lotteries
Post by: jrrsparkles on August 08, 2023, 04:32:52 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better
I don't know what kind of bet it is but I am going to say it will never work because if you won the jackpot then there will be the conflict about lot of things especially who get how much and I bet they will not say it should be equal.

Even I remember the story of lottery winners which is between mom and son cause mother gave the money to son so they he spent on lottery then she is requesting 70% of the winning, how it sounds like but it actually happened so just keep that in mind.


Title: Re: Collective bets in local lotteries
Post by: LUCKMCFLY on August 09, 2023, 04:20:39 AM
Well, betting in a group has its pros and cons, the pros are that in a group the bets increase and the profits are much higher, not bad, in a group you can make a Commitment to show the degree of bet and why the bet, it seems to me that in knowledge the chances of Winning are Better , therefore if we go to something else we can say that things are when it comes to profit and Whoever affirms is only what can bring problems to a group, then it is not recommended if there is someone who wants to be the most intelligent and leave everyone with nothing, that can Happen because Obviously it is a lot of money , and well , trust is another thing that must be Earned.

Whenever it is about money, things go or can go in a direction that can affect some and benefit others, if the group is completely Legal , that is, there are no feelings that they want to take advantage of or something like that, I think. things can Turn out well , but if all the people are the ones who want to earn whatever it is, going over others, well, I wouldn't get involved in that, there are people who change completely when they see money, they don't. I'm worried about the friends, or even if it is family, I would be very Careful , I would dare to say no , just to avoid Getting in Trouble and not to do things that can obviously affect our integrity, I have seen cases where only two people get in a lot of problems if they work at Partnership Now in a group , I don't know, they would all have to have a very high financial level and be similar.

I can see the Concept of groups and make bets to help each other, it is better to make bets that are backed by many people so that you can win much more, and better than making them 1 alone, besides that the person who makes the decision to make a bet and going out there has to have an associated responsibility, according to this , the people who have the money there should Know to be Able to give their Opinion , if so in that term if many Good things can be Done.

And the pros and the cons, they are the things that make up the whole experience of group betting. The increase in bets, yes, and the profits, they are higher, thats what you say, and that might be true, or it might not be.

The sharing of knowledge and why the bet could lead to higher winning chances, but then again, does shared knowledge necessarily mean better decisions? Thats something to ponder. And then trust must be earned, or it must be given, or it could be something else altogether. Money changes people; thats a fact, or a concept, or both. In groups, especially with family or friends, caution should be exercised, or it should be avoided, or embraced, depending on the situation.

Yes, in fact there are many things that can be Revealed when it comes to making a collective treatment that has to do with money, be it in bets, be it in loans, I have witnessed how people for little money change in an impressive way, The truth is , if I don't know them previously, I could say that I don't know him, they change, they get in a way that I don't understand , it's as if another totally aggressive person entered his Body , his mind , money puts that way to people and it is something that I will never Understand , perhaps I say it Because I Know that I could Never change like that for money.

It is also necessary to Emphasize something, the people who enter this type of betting must have a high level or Financial Culture, to accept losses when these are the ones that must happen, also in the Exchange of information it should be decided by Consensus, first, by taking into Consideration the valid Arguments and Second , according to the Degree of Experience and Knowledge that each Bettor has, this to respect something like their hierarchy , when there is that respect, when there are those precautions that make each participant unique, I think that everyone is at a high level and some more than others are above it, I think that these things about betting are already seen as at a more professional level, clearly people who do not know Anything about sports betting or who do not know anything because they cannot give an opinion,  is that it would be a very favorite group and difficult to find, now it is a group of bets where those who say the bets are considered experts, well there is nothing to do, just stick to what they say and that's it, put the Money in the bet and wait, it is obvious that it is not correct every time, but I would consider that if you have a 75% Accuracy rate per eniam, for me it is Good and it is enough to Qualify as good and Acceptable, this I say this from the Point of view that our Money is worth and that we always have to try to Protect it.



Title: Re: Collective bets in local lotteries
Post by: Davidvictorson on August 09, 2023, 05:09:38 AM
Betting as a group in local lotteries is akin to creating a dream team! While the odds may still be low from a mathematical standpoint, the power of hope and togetherness knows no limits. When friends unite, pooling their luck and resources, it's as if they sprinkle magic on those lottery tickets.Who knows? A delightful surprise might be waiting for the squad! Even if the jackpot remains elusive, the excitement and camaraderie of dreaming together form a beautiful adventure worth cherishing. So, keep dreaming, and may the lottery stars shine brightly on your group's path! 🌟 ;)
The power of hope. The that thing that makes us believe in the impossible. And have faith in the impractical. But it is true what you have said, even if theirs is not the winning ticket one thing that they can be sure of is that they are going to have a stronger bond. And many years after, it would still be a conversation starter for them.

In this group of friends who may have pool resources together to play the lottery, you'd have the one who is an optimist, another one who is a realistic, then one who is a skeptic, and the one who is indifferent. He doesn't care about the outcome. He just wants to bond and have some fun with his friends.




Title: Re: Collective bets in local lotteries
Post by: Don Pedro Dinero on August 09, 2023, 05:33:06 AM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I personally haven't used it, but I do know people who bet together in large groups on "la quiniela" (the betting lottery for La Liga) and have occasionally won prizes.

You have to take into account that the probability of winning is higher, as you make more combinations of bets, but the prize also has to be shared between more people. The people I know who have won prizes have been betting in this way for many years, decades, and only occasionally have they won something significant, and even then it was shared out, so the money won per person was not enough for much.


Title: Re: Collective bets in local lotteries
Post by: retreat on August 09, 2023, 05:37:55 AM
It's not that different from people pooling funds to invest in some shitcoin I guess? I don't like the idea to be honest since you never really know what other people may do if given the opportunity to take huge money for themselves. It's probably a fun thing to do but it's not my thing. I would rather buy lottery tickets myself with my own money.

I think so too. It is much better to gamble using your own money, because after all, gambling with a group has a greater risk, for example, unequal distribution of rewards, disputes between individuals, and other problems. Indeed, the reward offered if you win is far greater than gambling individually, but there are a number of things to consider and betting individually seems better.


Title: Re: Collective bets in local lotteries
Post by: davis196 on August 09, 2023, 06:32:33 AM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better

What do you mean by betting in group? 100 people gather in a group, each one of them gives 100 USD and the group buys tickets worth 10K USD? If they win the jackpot, the prize gets split to 100 parts. This doesn't make any sense, if you ask me.
One guy out of this 100 people group would have bought the winning ticket and instead of getting the whole jackpot, he will have to divide it with 99 people. There's no point of such group buying of lottery tickets. I have never seen people creating lottery groups in order to buy lottery tickets in my country.


Title: Re: Collective bets in local lotteries
Post by: len01 on August 09, 2023, 09:11:45 AM
It's not that different from people pooling funds to invest in some shitcoin I guess? I don't like the idea to be honest since you never really know what other people may do if given the opportunity to take huge money for themselves. It's probably a fun thing to do but it's not my thing. I would rather buy lottery tickets myself with my own money.

I think so too. It is much better to gamble using your own money, because after all, gambling with a group has a greater risk, for example, unequal distribution of rewards, disputes between individuals, and other problems. Indeed, the reward offered if you win is far greater than gambling individually, but there are a number of things to consider and betting individually seems better.
winnings from the lottery are usually very big when you are lucky, especially if you buy tickets with money collected from a group of several people, but here the problem is that greed is always on their mind, unless the mindset of the group has an adult mindset and divides it equally according to the initial provisions.
If not one of the people from the group gets greedy sharing the winnings unfairly there will definitely be a fight just because the distribution is unfair and I really can not think how these people think of buying lottery tickets using the money collected from several people. even if on the one hand it is more comfortable and more interesting to buy lottery tickets using your own money without having to share the winnings with other people (as @Yogee said) and at your own risk.
Greed is always on everyone's mind, for sure.


Title: Re: Collective bets in local lotteries
Post by: Rabata on August 09, 2023, 12:32:55 PM
It's not that different from people pooling funds to invest in some shitcoin I guess? I don't like the idea to be honest since you never really know what other people may do if given the opportunity to take huge money for themselves. It's probably a fun thing to do but it's not my thing. I would rather buy lottery tickets myself with my own money.

I think so too. It is much better to gamble using your own money, because after all, gambling with a group has a greater risk, for example, unequal distribution of rewards, disputes between individuals, and other problems. Indeed, the reward offered if you win is far greater than gambling individually, but there are a number of things to consider and betting individually seems better.
winnings from the lottery are usually very big when you are lucky, especially if you buy tickets with money collected from a group of several people, but here the problem is that greed is always on their mind, unless the mindset of the group has an adult mindset and divides it equally according to the initial provisions.
If greed is not controlled, there is a possibility of harm on any platform and in the case of lottery or betting, it becomes more difficult to control. A large number of people want to win the lottery because there is a possibility of getting a lot of money for which many people try to use collective method to win the lottery systematically. In this case, although many people agree but various types of ambiguity created among them. But I will admit that in collective terms the lottery is somewhat less risky and slightly more likely to win.


Title: Re: Collective bets in local lotteries
Post by: Silberman on August 09, 2023, 06:48:58 PM
winnings from the lottery are usually very big when you are lucky, especially if you buy tickets with money collected from a group of several people, but here the problem is that greed is always on their mind, unless the mindset of the group has an adult mindset and divides it equally according to the initial provisions.
If not one of the people from the group gets greedy sharing the winnings unfairly there will definitely be a fight just because the distribution is unfair and I really can not think how these people think of buying lottery tickets using the money collected from several people. even if on the one hand it is more comfortable and more interesting to buy lottery tickets using your own money without having to share the winnings with other people (as @Yogee said) and at your own risk.
Greed is always on everyone's mind, for sure.
Also we cannot discard the possibility of the person behind such group thinking about scamming their members from the very beginning, after all what can be better for them than to buy a lot of lottery tickets with money that was not even theirs? In this case the lottery will have a positive EV as even a win of a single dollar would make them a winner, so they could pay all of those small winnings to their members but then once there was a decent enough win they could disappear with the prize money and then do this again at another place.


Title: Re: Collective bets in local lotteries
Post by: ethereumhunter on August 10, 2023, 09:40:40 AM
If greed is not controlled, there is a possibility of harm on any platform and in the case of lottery or betting, it becomes more difficult to control. A large number of people want to win the lottery because there is a possibility of getting a lot of money for which many people try to use collective method to win the lottery systematically. In this case, although many people agree but various types of ambiguity created among them. But I will admit that in collective terms the lottery is somewhat less risky and slightly more likely to win.
Greed will only negatively impact someone if you can't control yourself properly. Many people have lost control to stop their gambling game, and because they want a bigger win, that is what causes them to get even more losses. And that's what greed gives and should after getting a loss like that, they can realize and start reducing their time to gamble. And if they can win by buying the lottery collectively, they should stop first so that their greed doesn't grow and they can still control themselves well and celebrate their win.


Title: Re: Collective bets in local lotteries
Post by: swogerino on August 10, 2023, 10:09:35 AM
In groups dreaming may be better but when people let's suppose have a remote chance and go and win the lottery,usually will start a fight,one will say I bought the tickets,I got physically to the shop,one other will say it is thanks to me as I choose the number and so on each one will come up with an excuse trying to get more money from the entire sum.This inevitably leads to fights and sometimes there have been tragic consequences,some have even died trying to argue as why each of them deserved more that the situation precipitated to the worse.That is why I think it is better to play alone with your small chances,no mess up or confusion or even bad consequences will happen.


Title: Re: Collective bets in local lotteries
Post by: alastantiger on August 10, 2023, 03:29:12 PM
In groups dreaming may be better but when people let's suppose have a remote chance and go and win the lottery,usually will start a fight,one will say I bought the tickets,I got physically to the shop,one other will say it is thanks to me as I choose the number and so on each one will come up with an excuse trying to get more money from the entire sum.This inevitably leads to fights and sometimes there have been tragic consequences,some have even died trying to argue as why each of them deserved more that the situation precipitated to the worse.That is why I think it is better to play alone with your small chances,no mess up or confusion or even bad consequences will happen.
Yes, friends and money do not mix. Just as I would not go into business with my friends or family, I would not do collective bets in local lotteries with them. You know we have different personalities, and people would blame you at the slightest opportunity for a failure rather than blaming themselves. They'll say, "I told you not to play that number, but you insisted." However, they'll give themselves credit and pat each other on the back for making the right decision and winning the lottery, even when it was a collective effort. Talk about profit sharing, and you may end up with a court case because a greedy person doesn't want the winnings to be shared equally. I am not doing this with friends. I bet alone, lose alone, and go to bed happy.


Title: Re: Collective bets in local lotteries
Post by: goldkingcoiner on August 10, 2023, 03:47:06 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better

You should be careful. You might find that the group might turn against you if they lose. Because you will have given them someone to blame their loss on. They might even demand you repay them because you tempted them into gambling in the first place, or some other thinly veiled excuse. I would not risk it, if I were you. Its the perfect plan for a future headache which you could easily avoid. Of course that is only if you make a group by yourself or declare yourself the leader of such a group. Joining such a group seems fine to me, but the odds are still teeny tiny.


Title: Re: Collective bets in local lotteries
Post by: wheelz1200 on August 10, 2023, 03:54:17 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better

In the US this is done all the time.  Not so much with other strangers but as a collective group friends but mostly in your work environment.  A lot of big winners comes from a group and those are likely from a work place.  For an employer I always thought that would suck because you would have a mass exodus of your employees if it's a big enough lottery.  I'm all for it, no reason for 1 person to win such big lotteries.


Title: Re: Collective bets in local lotteries
Post by: Casdinyard on August 10, 2023, 10:14:00 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better
Never have known this but I think even with 30 or more the chances will still not be that great and this could just lead to more conflict of things. Having 5000x tickets is really a huge deal for one but as Casdinyard is saying having that Jerry and Marge Go Large debut is not sustainable unless you're really that genius. I don't know if there's a group that doing this but mostly will fail in the long term, it's only good when starting, the hype and hope is present.
It's not about being genius though, it's all about having enough money around the group to work around, plus the fact that the thing they did in the movie only worked cause there's a flaw in the lottery system that made it so people who buy more tickets get higher chances of winning the prize pot. That couldn't be the case now especially for certain types of lottery that took this into account. If you want to earn money as a community the best way you could actually do that is by employing cooperative methods lol, like a lending business, grocery and stuff like that, where the profit is shared between stakeholders. I've seen this work so well on some communities and cities, so it's something that is feasible give that you have to put the mind and the effort into it however, but honestly between that and pushing your luck for a lottery you can't even guarantee a win, I'd take the surefire way any day.


Title: Re: Collective bets in local lotteries
Post by: dezoel on August 11, 2023, 06:38:15 AM
As long as you trust the collector about your bet then why not? Just make sure he’s honest enough to give the reward to the participants but if you want a stress free betting, then bet on your own. Though the more you bet the higher chance of winning, this is still lottery and its hard to predict its perfect combination for you to win on that day. Just be careful since there is collections, this might turn into a scam activity.
One should obviously not give money to a complete stranger to do the collective betting for them, but it should only be done if one can find a bunch of people who are willing to contribute the same amount of money so that they can buy tickets collectively at a local lottery where they might have higher chances of getting the big win which will give everyone an equal share of the total amount which should at least be higher than what they've contributed.

Though it doesn't provide a guaranteed win, it would at least increase the chances of winning for everyone that is participating in the collective betting, because if they were to buy tickets individually, everyone would have the same winning probability, but now since they all bought many tickets combined, they would have a higher winning probability.


Title: Re: Collective bets in local lotteries
Post by: Silberman on August 12, 2023, 07:46:07 PM
As long as you trust the collector about your bet then why not? Just make sure he’s honest enough to give the reward to the participants but if you want a stress free betting, then bet on your own. Though the more you bet the higher chance of winning, this is still lottery and its hard to predict its perfect combination for you to win on that day. Just be careful since there is collections, this might turn into a scam activity.
One should obviously not give money to a complete stranger to do the collective betting for them, but it should only be done if one can find a bunch of people who are willing to contribute the same amount of money so that they can buy tickets collectively at a local lottery where they might have higher chances of getting the big win which will give everyone an equal share of the total amount which should at least be higher than what they've contributed.

Though it doesn't provide a guaranteed win, it would at least increase the chances of winning for everyone that is participating in the collective betting, because if they were to buy tickets individually, everyone would have the same winning probability, but now since they all bought many tickets combined, they would have a higher winning probability.
Also it would be a mistake to do this with people you do not even know, after all even when it comes to your family and friends there could still be some disputes in the case there was a big win, and it is obvious that this would be even more difficult if you were gambling with a bunch of people that you do not know and that could at any moment run with the money prize, so while some may find this form of betting as attractive I would prefer to not participate in it as it seems too troublesome to me.


Title: Re: Collective bets in local lotteries
Post by: TimeTeller on August 12, 2023, 08:42:40 PM
As long as you trust the collector about your bet then why not? Just make sure he’s honest enough to give the reward to the participants but if you want a stress free betting, then bet on your own. Though the more you bet the higher chance of winning, this is still lottery and its hard to predict its perfect combination for you to win on that day. Just be careful since there is collections, this might turn into a scam activity.
One should obviously not give money to a complete stranger to do the collective betting for them, but it should only be done if one can find a bunch of people who are willing to contribute the same amount of money so that they can buy tickets collectively at a local lottery where they might have higher chances of getting the big win which will give everyone an equal share of the total amount which should at least be higher than what they've contributed.

Though it doesn't provide a guaranteed win, it would at least increase the chances of winning for everyone that is participating in the collective betting, because if they were to buy tickets individually, everyone would have the same winning probability, but now since they all bought many tickets combined, they would have a higher winning probability.
Also it would be a mistake to do this with people you do not even know, after all even when it comes to your family and friends there could still be some disputes in the case there was a big win, and it is obvious that this would be even more difficult if you were gambling with a bunch of people that you do not know and that could at any moment run with the money prize, so while some may find this form of betting as attractive I would prefer to not participate in it as it seems too troublesome to me.

It is just like you are wasting your money on this type of betting if you are with people you don't know.
As you said, even if you do this with close family and friends, you can't guarantee if there will be no trouble along the way.
So not to have this burden, just do your bet on your own. Win or lose, it is all on you. You won't have hard feelings because that's your bet anyway.
You will learn your lesson if you happen to experience it once in your lifetime, screwed by the people surrounding you.


Title: Re: Collective bets in local lotteries
Post by: Lanatsa on August 12, 2023, 08:49:33 PM
As long as you trust the collector about your bet then why not? Just make sure he’s honest enough to give the reward to the participants but if you want a stress free betting, then bet on your own. Though the more you bet the higher chance of winning, this is still lottery and its hard to predict its perfect combination for you to win on that day. Just be careful since there is collections, this might turn into a scam activity.
One should obviously not give money to a complete stranger to do the collective betting for them, but it should only be done if one can find a bunch of people who are willing to contribute the same amount of money so that they can buy tickets collectively at a local lottery where they might have higher chances of getting the big win which will give everyone an equal share of the total amount which should at least be higher than what they've contributed.

Though it doesn't provide a guaranteed win, it would at least increase the chances of winning for everyone that is participating in the collective betting, because if they were to buy tickets individually, everyone would have the same winning probability, but now since they all bought many tickets combined, they would have a higher winning probability.
Also it would be a mistake to do this with people you do not even know, after all even when it comes to your family and friends there could still be some disputes in the case there was a big win, and it is obvious that this would be even more difficult if you were gambling with a bunch of people that you do not know and that could at any moment run with the money prize, so while some may find this form of betting as attractive I would prefer to not participate in it as it seems too troublesome to me.

It is just like you are wasting your money on this type of betting if you are with people you don't know.
As you said, even if you do this with close family and friends, you can't guarantee if there will be no trouble along the way.

1000% agree on this one, in speaking of huge money on which it is really something that life changing or humongous amount then this is where extreme greed would kick in. Even with your relatives or friends could really be having the potential on changing up instantly and wont be bothering whether you are that relative or close to each other on the time that they would get a hold of those money.On this kind of set up then it would really be just that so hard on trusting up someone because you cant really be able to ensure about those funds would really be divived on a fair way on which it is really just that be giving out that kind of trust issues even on my part. I would rather be making out bets on individually rather than on going into groups but if you could be able to bare out or handle such condition then it would really be just that fine but if you are really that skeptical then better skip this part.

I would really be saying that going in groups would really be increasing your chances of winning but not into the point that it would be even counting on a single digit or even 1% kind of chance on hitting the jackpot.
It will really be depending accordingly the buying power or number of tickets on which your group do able to accumulate or bet on. The higher the better chance but of course there would really be some accompanying potential risks on doing so. You cant trust no one in speaking about money because human beings are naturally greedy and you cant ensure that 100% of those winning amounts to be safe.  ;D


Title: Re: Collective bets in local lotteries
Post by: Johnyz on August 12, 2023, 08:58:38 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better

In the US this is done all the time.  Not so much with other strangers but as a collective group friends but mostly in your work environment.  A lot of big winners comes from a group and those are likely from a work place.  For an employer I always thought that would suck because you would have a mass exodus of your employees if it's a big enough lottery.  I'm all for it, no reason for 1 person to win such big lotteries.
At least this is an organized group and I hope they all have the terms to follow because in my country greedy people can’t even lead a group so how you can trust them in the first place. Having a group can increase your chance of winning, its good to hear that there’s actually a group like this because when it comes to collection of money, that can be more risky in my country.


Title: Re: Collective bets in local lotteries
Post by: qwertyup23 on August 12, 2023, 09:14:36 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better

Hmm this is actually interesting- imagine if people were to purchase lottery tickets but the statistics show that the chances are still low. Well maybe if you can convince a group of people to spend such amount on betting lottery tickets, I guess there is that chance of winning but it may still be relatively low given the astronomically low chance of winning the lottery altogether.

I guess some may have tried this in the past and but they just considered that it is not worth it. Maybe statistically, they could have spent more than what they would have earned in the process if this were the case.


Title: Re: Collective bets in local lotteries
Post by: Silberman on August 16, 2023, 06:25:29 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better

Hmm this is actually interesting- imagine if people were to purchase lottery tickets but the statistics show that the chances are still low. Well maybe if you can convince a group of people to spend such amount on betting lottery tickets, I guess there is that chance of winning but it may still be relatively low given the astronomically low chance of winning the lottery altogether.

I guess some may have tried this in the past and but they just considered that it is not worth it. Maybe statistically, they could have spent more than what they would have earned in the process if this were the case.
Even if people do not often think about this the lottery also has a house edge and it can be quite high compared to other games, for example if a lottery were to sell tickets for a value of one million dollars then it could giveaway prizes for 800k, meaning there is a 20% house edge, so while buying more tickets does increase your chances of winning at the end of the day you are still gambling, and given enough time you should lose money unless you get incredibly lucky and you happened to win one of the big prizes offered by the lottery.


Title: Re: Collective bets in local lotteries
Post by: KTChampions on August 16, 2023, 07:07:57 PM
Even if people do not often think about this the lottery also has a house edge and it can be quite high compared to other games, for example if a lottery were to sell tickets for a value of one million dollars then it could giveaway prizes for 800k, meaning there is a 20% house edge, so while buying more tickets does increase your chances of winning at the end of the day you are still gambling, and given enough time you should lose money unless you get incredibly lucky and you happened to win one of the big prizes offered by the lottery.

As far as I know, the advantage of the organizer of the lottery is much more than 20%, rather closer to 50%. And if we calculate the taxes that the winner has to pay, the RTP will be something like 10%. The lottery is the worst of all gambling games, but it has the highest multiplier. It is unlikely that any casino will be able to pay you hundreds of millions of dollars, but in the lottery it is possible.


Title: Re: Collective bets in local lotteries
Post by: stomachgrowls on August 16, 2023, 10:32:15 PM
Would like to know your takes on betting as a group to raise chances in local
Lotteries

I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say

If dreaming alone is cool dreaming in groups can be even better

Hmm this is actually interesting- imagine if people were to purchase lottery tickets but the statistics show that the chances are still low. Well maybe if you can convince a group of people to spend such amount on betting lottery tickets, I guess there is that chance of winning but it may still be relatively low given the astronomically low chance of winning the lottery altogether.

I guess some may have tried this in the past and but they just considered that it is not worth it. Maybe statistically, they could have spent more than what they would have earned in the process if this were the case.
Even if people do not often think about this the lottery also has a house edge and it can be quite high compared to other games, for example if a lottery were to sell tickets for a value of one million dollars then it could giveaway prizes for 800k, meaning there is a 20% house edge, so while buying more tickets does increase your chances of winning at the end of the day you are still gambling, and given enough time you should lose money unless you get incredibly lucky and you happened to win one of the big prizes offered by the lottery.
Deductions would really be that normal specially when hitting up the jackpot which taxes and other deductions would really be there on which it would be resulting on getting that 70-80% left of the entire jackpot prize

amount on which we could say that it is really just that too much but there's nothing we can do but to deal off with those kind of set-up or arrangement but still its still a huge amount of money on which you could be able to cherish out. We know that purchasing tons of tickets would really be increasing out that kind of odds or chances that you would be able to hit up those combinations but the main question is this, how much money
you are willing to spend on buying tons of tickets? This is why some people would really be having the idea on pooling up funds and buying up tickets in groups so that they would increase out that kind of
odds or chances of winning but its still not that an assurance.

Im not wary about these groups here on my country but pretty much sure that there would be those individuals who do have these kind of idea and motives on placing up bets on lotteries.
Just that been said that the main issue on here would really be trusting each other.


Title: Re: Collective bets in local lotteries
Post by: dothebeats on August 16, 2023, 11:12:03 PM
Even if people do not often think about this the lottery also has a house edge and it can be quite high compared to other games, for example if a lottery were to sell tickets for a value of one million dollars then it could giveaway prizes for 800k, meaning there is a 20% house edge, so while buying more tickets does increase your chances of winning at the end of the day you are still gambling, and given enough time you should lose money unless you get incredibly lucky and you happened to win one of the big prizes offered by the lottery.

As far as I know, the advantage of the organizer of the lottery is much more than 20%, rather closer to 50%. And if we calculate the taxes that the winner has to pay, the RTP will be something like 10%. The lottery is the worst of all gambling games, but it has the highest multiplier. It is unlikely that any casino will be able to pay you hundreds of millions of dollars, but in the lottery it is possible.

And the chances are infinitesimally small and a lot terrible, too. There are tons of other gambling games out there wherein the RTP is more generous and the chances of winning are more reasonable. Multipliers don’t really mean anything if you can’t hit it that much. They’re just numbers on the screen working to lure gamblers to bet more to make them believe that they’re increasing their winning chances.

I guess I’d stick to casino games more than the lottery with these facts in mind.


Title: Re: Collective bets in local lotteries
Post by: slapper on August 17, 2023, 10:24:49 AM
~snip~
Deductions would really be that normal specially when hitting up the jackpot which taxes and other deductions would really be there on which it would be resulting on getting that 70-80% left of the entire jackpot prize

amount on which we could say that it is really just that too much but there's nothing we can do but to deal off with those kind of set-up or arrangement but still its still a huge amount of money on which you could be able to cherish out. We know that purchasing tons of tickets would really be increasing out that kind of odds or chances that you would be able to hit up those combinations but the main question is this, how much money
you are willing to spend on buying tons of tickets? This is why some people would really be having the idea on pooling up funds and buying up tickets in groups so that they would increase out that kind of
odds or chances of winning but its still not that an assurance.

Im not wary about these groups here on my country but pretty much sure that there would be those individuals who do have these kind of idea and motives on placing up bets on lotteries.
Just that been said that the main issue on here would really be trusting each other.
Deductions are an inevitable part of life, particularly when you hit it big. Anyone moaning about barely receiving 70–80% of their prizes is being ungrateful. Maybe you shouldn't even be playing if you're not willing to pay the price

Boosting your chances by purchasing more tickets? It's simple math. But here's a hint: not every tactic will work. How much money do you have? Are you willing to risk everything on a dream? But combining resources? Ha! I wish you luck in that. Trust problems can arise anywhere, especially when significant sums of money are at stake. Give your money out right away if you intend to assemble a group and entrust them with possible millions

You know, I've seen both individuals and groups use these strategies. Most people are let down. The courage to play large and the intelligence to play smart are more important than how many tickets you purchase


Title: Re: Collective bets in local lotteries
Post by: KTChampions on August 17, 2023, 09:14:11 PM
As far as I know, the advantage of the organizer of the lottery is much more than 20%, rather closer to 50%. And if we calculate the taxes that the winner has to pay, the RTP will be something like 10%. The lottery is the worst of all gambling games, but it has the highest multiplier. It is unlikely that any casino will be able to pay you hundreds of millions of dollars, but in the lottery it is possible.

And the chances are infinitesimally small and a lot terrible, too. There are tons of other gambling games out there wherein the RTP is more generous and the chances of winning are more reasonable. Multipliers don’t really mean anything if you can’t hit it that much. They’re just numbers on the screen working to lure gamblers to bet more to make them believe that they’re increasing their winning chances.

I guess I’d stick to casino games more than the lottery with these facts in mind.

The fact that the chances are infinitely small is normal. After all, if you bet a dollar and can win 100 million, then it is obvious that in the most ideal case (when the lottery organizer does not bear any costs and does not take a cent for himself), your chances cannot be better than one in a hundred million. The RTP is a different matter and in lotteries it is recordly low.


Title: Re: Collective bets in local lotteries
Post by: Westinhome on August 17, 2023, 09:59:01 PM

The fact that the chances are infinitely small is normal. After all, if you bet a dollar and can win 100 million, then it is obvious that in the most ideal case (when the lottery organizer does not bear any costs and does not take a cent for himself), your chances cannot be better than one in a hundred million. The RTP is a different matter and in lotteries it is recordly low.

The winning percentage of lottery will be low,but if you win then it will be big run.The probability of winning is the key source of the lottery.The lottery is surviving in various form in many countries.Some country had stopped the offline lottery,So the people of that country use the online lottery to find their luck.The organizer will fix the price based on the total amount of lottery was sold.By fixing their money of commission for one bumper they will fix the prize.The same process was followed in the online gambling,expect the people who buy will from all over the world.


Title: Re: Collective bets in local lotteries
Post by: KTChampions on August 18, 2023, 02:33:26 PM

The fact that the chances are infinitely small is normal. After all, if you bet a dollar and can win 100 million, then it is obvious that in the most ideal case (when the lottery organizer does not bear any costs and does not take a cent for himself), your chances cannot be better than one in a hundred million. The RTP is a different matter and in lotteries it is recordly low.

The winning percentage of lottery will be low,but if you win then it will be big run.The probability of winning is the key source of the lottery.The lottery is surviving in various form in many countries.Some country had stopped the offline lottery,So the people of that country use the online lottery to find their luck.The organizer will fix the price based on the total amount of lottery was sold.By fixing their money of commission for one bumper they will fix the prize.The same process was followed in the online gambling,expect the people who buy will from all over the world.

It seems to me that lotteries still exist only because participation in them has become something like a tradition. In today's fast-paced world, it would never occur to anyone normal to buy a lottery ticket and then wait several weeks for the draw. I think that over time (when modern young people take the place of modern older people), lotteries will finally go into their narrow niche.


Title: Re: Collective bets in local lotteries
Post by: Solosanz on August 18, 2023, 02:52:39 PM
If you're looking to win in lottery, it's better if open your eyes and use your logic about the possibility you can win.

Lottery is random, similar like slot or lucky based games. We don't need to talk very far, most of gamblers can't even pick the correct team or player that will win when there are only two or three options. It mean the chance you will win is high, 33% or 50%, but the house is still make money from it.


Title: Re: Collective bets in local lotteries
Post by: Silberman on August 19, 2023, 06:04:58 PM
It seems to me that lotteries still exist only because participation in them has become something like a tradition. In today's fast-paced world, it would never occur to anyone normal to buy a lottery ticket and then wait several weeks for the draw. I think that over time (when modern young people take the place of modern older people), lotteries will finally go into their narrow niche.
On the past lotteries were a form of tax, so if the local government wanted to build a new road and they did not had the money then they will organize a lottery, people bought tickets not only because of the possibility of changing their lives but also to support the construction of this new road that will benefit them, and even if most countries still have their national lotteries and the money is used to fund some projects this idea of supporting your community has been lost, meaning that sooner or later people will realize how bad the lottery is and if they want to gamble they may as well consider other options.


Title: Re: Collective bets in local lotteries
Post by: maydna on August 19, 2023, 09:54:57 PM
If you're looking to win in lottery, it's better if open your eyes and use your logic about the possibility you can win.

Lottery is random, similar like slot or lucky based games. We don't need to talk very far, most of gamblers can't even pick the correct team or player that will win when there are only two or three options. It mean the chance you will win is high, 33% or 50%, but the house is still make money from it.
Indeed, the possibility of winning will be small, but people don't mind and keep buying tickets while waiting for their turn to win the jackpot. They could get the small prize first, and then they could get the big one. The chances of winning are even lower than that percentage because we are competing with people from other groups. But who knows, we have people who can have luck simultaneously that makes us win. Even though that might not guarantee that we can win easily by betting collectively, we can bet together with friends.


Title: Re: Collective bets in local lotteries
Post by: tusandii on August 20, 2023, 03:59:02 AM
If you're looking to win in lottery, it's better if open your eyes and use your logic about the possibility you can win.

Lottery is random, similar like slot or lucky based games. We don't need to talk very far, most of gamblers can't even pick the correct team or player that will win when there are only two or three options. It mean the chance you will win is high, 33% or 50%, but the house is still make money from it.
The lottery in my opinion is the only type of bet that is the most difficult to win, even slots which are games that rely on luck are still easier to win in contrast to the lottery where the luck to win might be very thin.
After all lottery and slots are two different types of gambling because slots are clear that there is a system that works in them even has an RTP for gamblers to have a return but for lotteries it can never be that easy and not all gamblers can win the lottery even with a small win.
33% or 50% is a big chance for a lottery bet because I myself think the lottery has a chance of winning only 1% to 10%.


Title: Re: Collective bets in local lotteries
Post by: LUCKMCFLY on August 20, 2023, 05:45:21 PM
It seems to me that lotteries still exist only because participation in them has become something like a tradition. In today's fast-paced world, it would never occur to anyone normal to buy a lottery ticket and then wait several weeks for the draw. I think that over time (when modern young people take the place of modern older people), lotteries will finally go into their narrow niche.
On the past lotteries were a form of tax, so if the local government wanted to build a new road and they did not had the money then they will organize a lottery, people bought tickets not only because of the possibility of changing their lives but also to support the construction of this new road that will benefit them, and even if most countries still have their national lotteries and the money is used to fund some projects this idea of supporting your community has been lost, meaning that sooner or later people will realize how bad the lottery is and if they want to gamble they may as well consider other options.

Yes, I really did not know that a gopbnoir could not do this, but I am from a country that is merely rich, but that has poor people, those who are richest are those who work for the government, and those who are Next to the rulers, the rest, the oil, gold, precious stones and all the minerals are used by the government and those people who are grabbing all the natural resources, in other words, the people like to do certain types of lotteries to make money and I can buy certain things, some raffles, cars, and also the money that is made on some occasions is a lot, in fact there is one that is about raffling off the latest model cars that arrive in the country and the only ones that have access are Those who are with the government, at this moment there is a raffle that is giving away up to 300 motorcycles and 3 latest model cars, and each ticket costs 1000usd and most of those who buy them are in the USA or in other countries, and they are going very Well, but for me it is a money laundering that is done and it belongs to the government, that is something sure and not only I think so, many think so, in fact I believe that it is so.

Nobody in their right mind has that much money and raffles something like that, the raffles they do for cars are from the year 90 onwards, until 2020 something like that and the tickets are cheaper, for at least 30usd or 50usd, they have access to win this type of prize, but it is somewhat more accessible, however, the lottery that is chosen is not that of the country, it is that of the sister country, and once it is done and nobody wins, the first one stays there and returns to do another same raffle to continue in the same business.

In fact there are people who hold raffles for small things and little by little they get up, but they do that because things inside the country are very hard, nobody wants to work in companies because companies don't pay well, and everything is very expensive, and it is in dollars and the government does not pay in dollars but in the local currency,l, etnoce and a total disastertl in economy, that's why the raffles arise here.


Title: Re: Collective bets in local lotteries
Post by: KTChampions on August 20, 2023, 05:53:13 PM
It seems to me that lotteries still exist only because participation in them has become something like a tradition. In today's fast-paced world, it would never occur to anyone normal to buy a lottery ticket and then wait several weeks for the draw. I think that over time (when modern young people take the place of modern older people), lotteries will finally go into their narrow niche.
On the past lotteries were a form of tax, so if the local government wanted to build a new road and they did not had the money then they will organize a lottery, people bought tickets not only because of the possibility of changing their lives but also to support the construction of this new road that will benefit them, and even if most countries still have their national lotteries and the money is used to fund some projects this idea of supporting your community has been lost, meaning that sooner or later people will realize how bad the lottery is and if they want to gamble they may as well consider other options.

In my country there were even more interesting "lotteries" - for example, government bonds where the lucky ones could also get a serious increase in the amount they contributed. But in the end it ended with the fact that all the bonds were frozen and no one received anything  ;D Therefore, in my country, everything that has the prefix "state" is associated with scam. And by the way, now lotteries are held by private companies, but the license is issued to them by the state and it seems that something like 50% of the fees also goes to the state fund. In short, the lottery is a scam anyway (in my country).


Title: Re: Collective bets in local lotteries
Post by: Casdinyard on August 20, 2023, 06:51:23 PM
If you're looking to win in lottery, it's better if open your eyes and use your logic about the possibility you can win.

Lottery is random, similar like slot or lucky based games. We don't need to talk very far, most of gamblers can't even pick the correct team or player that will win when there are only two or three options. It mean the chance you will win is high, 33% or 50%, but the house is still make money from it.
You'd be surprised at how greedy people can be. Try the same thing on a local lottery outlet and I bet my bottom dollar you'd either get stares of appalment or a punch in the face in rare occasions. People want the pie for themselves if they could. They wouldn't mind sharing but not at the expense of them actively giving out their share of the pie. Plus in most lotteries collective bets isn't even a thing that is viable anymore. All because of paradigm shifts that disallows massive jacks in the probability of winning for large-scale bettors. In the Philippine's Grand Lotto you wouldn't be able to pull off this stunt even if you involve the whole country. It's all probabilistic, add to that greed, and you'd find out why Collective bets aren't a thing as you had hoped it would be.


Title: Re: Collective bets in local lotteries
Post by: ChiBitCTy on August 20, 2023, 06:56:02 PM
It seems to me that lotteries still exist only because participation in them has become something like a tradition. In today's fast-paced world, it would never occur to anyone normal to buy a lottery ticket and then wait several weeks for the draw. I think that over time (when modern young people take the place of modern older people), lotteries will finally go into their narrow niche.
On the past lotteries were a form of tax, so if the local government wanted to build a new road and they did not had the money then they will organize a lottery, people bought tickets not only because of the possibility of changing their lives but also to support the construction of this new road that will benefit them, and even if most countries still have their national lotteries and the money is used to fund some projects this idea of supporting your community has been lost, meaning that sooner or later people will realize how bad the lottery is and if they want to gamble they may as well consider other options.

In my country there were even more interesting "lotteries" - for example, government bonds where the lucky ones could also get a serious increase in the amount they contributed. But in the end it ended with the fact that all the bonds were frozen and no one received anything  ;D Therefore, in my country, everything that has the prefix "state" is associated with scam. And by the way, now lotteries are held by private companies, but the license is issued to them by the state and it seems that something like 50% of the fees also goes to the state fund. In short, the lottery is a scam anyway (in my country).

Damn, that's fucked up.  US Treasury bonds are considered the safest investment on the planet, so I would never worry purchasing those, but I can say our state/federally ran lotteries are often rife with scams.  Even my own state of Illinois wasn't paying out winners for a period of time.  I mean it's a rigged game, everyone knows the host keeps a % and the winner gets the rest...so it's a set dollar amount for both.  How that could get misappropriated just shows no gov's can be trusted. 


Title: Re: Collective bets in local lotteries
Post by: Silberman on August 23, 2023, 06:01:02 PM
On the past lotteries were a form of tax, so if the local government wanted to build a new road and they did not had the money then they will organize a lottery, people bought tickets not only because of the possibility of changing their lives but also to support the construction of this new road that will benefit them, and even if most countries still have their national lotteries and the money is used to fund some projects this idea of supporting your community has been lost, meaning that sooner or later people will realize how bad the lottery is and if they want to gamble they may as well consider other options.

In my country there were even more interesting "lotteries" - for example, government bonds where the lucky ones could also get a serious increase in the amount they contributed. But in the end it ended with the fact that all the bonds were frozen and no one received anything  ;D Therefore, in my country, everything that has the prefix "state" is associated with scam. And by the way, now lotteries are held by private companies, but the license is issued to them by the state and it seems that something like 50% of the fees also goes to the state fund. In short, the lottery is a scam anyway (in my country).
I am pretty sure this happens everywhere, where I live the most common scandal that happens from time to time is that the lottery winner is someone which belongs to the family of a powerful politician or they are part of the family of the people that run the lottery, which supposedly should have no rights participating in it but they do so anyway, so I can understand your strong distrust on them as I have the same attitude, after all if I did not had a huge distrust on the governments and how they manage the economy I will not hold bitcoin.


Title: Re: Collective bets in local lotteries
Post by: Westinhome on August 27, 2023, 11:43:14 PM

I am pretty sure this happens everywhere, where I live the most common scandal that happens from time to time is that the lottery winner is someone which belongs to the family of a powerful politician or they are part of the family of the people that run the lottery, which supposedly should have no rights participating in it but they do so anyway, so I can understand your strong distrust on them as I have the same attitude, after all if I did not had a huge distrust on the governments and how they manage the economy I will not hold bitcoin.

In some countries the winner will be the person who related to the owner of the lottery.Really it will be the scam,but it will not be find by the most of the betting people.They just check their name was in the winning list or not,then they will get into their real work.Then the gamblers start to buy the next lottery to check the new win.Due to such things,many countries had banned the lottery.The local politician had their influence in the winning.The online lottery will be the best option for now.


Title: Re: Collective bets in local lotteries
Post by: Lucasgabd on November 27, 2023, 01:16:57 PM

I am pretty sure this happens everywhere, where I live the most common scandal that happens from time to time is that the lottery winner is someone which belongs to the family of a powerful politician or they are part of the family of the people that run the lottery, which supposedly should have no rights participating in it but they do so anyway, so I can understand your strong distrust on them as I have the same attitude, after all if I did not had a huge distrust on the governments and how they manage the economy I will not hold bitcoin.

In some countries the winner will be the person who related to the owner of the lottery.Really it will be the scam,but it will not be find by the most of the betting people.They just check their name was in the winning list or not,then they will get into their real work.Then the gamblers start to buy the next lottery to check the new win.Due to such things,many countries had banned the lottery.The local politician had their influence in the winning.The online lottery will be the best option for now.

The best way would be able to verify and have a provably fair way of checking if the winner is a true winner or of there was some sort of scam. But of course this is easier in theory than in practice.

People should always do their own diligence before betting or joining lotteries.


Title: Re: Collective bets in local lotteries
Post by: Beparanf on November 27, 2023, 01:22:49 PM

The best way would be able to verify and have a provably fair way of checking if the winner is a true winner or of there was some sort of scam. But of course this is easier in theory than in practice.

People should always do their own diligence before betting or joining lotteries.

In my area, there’s no way to verify lottery results since everything is centralized. There’s an incident here that tons of players won on grand prize which is very low probability to occur yet happened after so many roll that no one win.

Our government agencies is rarely do an audit and most of the audit is not in public which means they can rigged the result without the public knows it. Probably fair system is really the key to solve this issue but the national lottery will never use it since they are earning tons of money by improvising fake winners to reser the prize.