Collective bets in local lotteries

[l3pox]

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

[Ulven]

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! 🌟

[Yogee]

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.

[abel1337]

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.

[crwth]

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.

[Frankolala]

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.

[Wapfika]

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.

[harizen]

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.

[cabron]

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.

[Yatsan]

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.

[acroman08]

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.

[Casdinyard]

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?

[rhomelmabini]

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.

[Oasisman]

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.

[yahoo62278]

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.

[ChiBitCTy]

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?? 

[TimeTeller]

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.

[coin-investor]

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.

[KTChampions]

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.

[robelneo]

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.