Collective bets in local lotteries

[LUCKMCFLY]

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.

[Johnyz]

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.

[tusandii]

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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.

[danherbias07]

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.

[ethereumhunter]

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.

[Hispo]

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.

[Westinhome]

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.

[STT]

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.

[carlfebz2]

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. 

[Blitzboy]

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.

[iv4n]

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.

[maydna]

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.

[inthelongrun]

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.   

[darewaller]

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.

[jrrsparkles]

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.

[LUCKMCFLY]

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.

[Davidvictorson]

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.

[Don Pedro Dinero]

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.

[retreat]

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.

[davis196]

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.