Will you put money together with friends to bet on sports games?

[bakasabo]

Even though there is nothing wrong with the idea, I don't see the benefit of doing this, honestly. If I have $100 that I want to bet on a game with 2.5 odds, if I win the bet, I get a $150 profit on my bet. Now, if we are 10 people putting together $100 each for the same bet, make the bet, and win $2,500 cumulatively, we still get $150 each, so what's the point?

Things like these are only useful in things such as lotteries where you get to involve more people to buy tickets with the funds so that the chances of everyone winning increases with it because if you buy tickets alone, you will only have a limited amount, and the same will be the case with others as well, but if you buy with funds put together by everyone, there will be more tickets and higher chances of winning the jackpot.

Regarding your concern regarding the win-and-run situation, there should be a written agreement signed by each player and the money should be kept with someone within the community who lives there so that they can't run away with the funds.

The point might be, if you gamble online and ranking up gives bonuses. With collective bet, account owner wagers more. But the real point of such bet would be friendship. Imo it looks like a support of a friend. Maybe while discussing which bet to make, friends will find a best scenario and make a risky, yet profitable bet. Maybe "the larger the bet, the more excitement you get" thing will work.

[Gozie51]

It was an interesting idea to be honest, but I really was wondering if it was the right thing to do, remembering one incident that happened last year where two friends put money together in a bet, bet won, amount was really huge, the other stole the ticket ran away and cashed the entire money from a very far place, leaving the other guy with nothing.

What do you guys think, is this concept or idea a good one? Will you accept such request?

When you said "it was interesting idea to be honest" I guess you meant it was funny. At least the example you shared is enough for any wise person. Money is something that can lead ungreedy friends into enemies not to talk of parties that are greedy. It is for the wise to learn from people's mistakes and for the foolish to keep repeating the mistakes made by people willfully.

How does it sound to contribute money for the purpose of gambling ? Apart from someone from the group running away with the money, It doesn't make sense at all. For example, what is really the purpose of gathering such money? Maybe to win big or that smaller stakers don't win or are not allowed to stake? I mean non of those are possible reason, so it doesn't worth the headache of trying to guide against stealing of winning ticket. Individual betting is what I know that gives peace whether losing or winning against joint or group betting.

[Zigabel]

Group betting is actually a  very risky one or me because you can never be sure of the credibility of a person especially when it has to do with money, some persons can be very greedy at some points and you wouldn't believe how greedy and dubious one   can turn to be once money is involved until it happens that they have finally show their attitude when the bulk money   is in their possession to keep. some may eve run away with the contributed funds which you people were meant to  use to   fund the wallet and bet with if it turns out the stake is such a huge one and they know that the certainty in gambling especially in that game on which they want to bet is really small. Personally, i wouldn't want to engage in such because of the risk involved for me is just such that i cannot work with but if its with a my family which i have a great level of trust for, i will definitely look for a way to see that we carry it out in a way no one is goin to do away with the money when it comes.

[Taskford]

Even though there is nothing wrong with the idea, I don't see the benefit of doing this, honestly. If I have $100 that I want to bet on a game with 2.5 odds, if I win the bet, I get a $150 profit on my bet. Now, if we are 10 people putting together $100 each for the same bet, make the bet, and win $2,500 cumulatively, we still get $150 each, so what's the point?

Things like these are only useful in things such as lotteries where you get to involve more people to buy tickets with the funds so that the chances of everyone winning increases with it because if you buy tickets alone, you will only have a limited amount, and the same will be the case with others as well, but if you buy with funds put together by everyone, there will be more tickets and higher chances of winning the jackpot.

Regarding your concern regarding the win-and-run situation, there should be a written agreement signed by each player and the money should be kept with someone within the community who lives there so that they can't run away with the funds.

The point might be, if you gamble online and ranking up gives bonuses. With collective bet, account owner wagers more. But the real point of such bet would be friendship. Imo it looks like a support of a friend. Maybe while discussing which bet to make, friends will find a best scenario and make a risky, yet profitable bet. Maybe "the larger the bet, the more excitement you get" thing will work.

Well this maybe the idea of the account owner to fasten up the ranking of their account then get those bonuses and other benefits. But the question would really be the relationship after the betting session ends. If they win for sure all of them would be happy, but what if they lose? If his friends will be far away and he is the one do all the decision then maybe there's certain negative thoughts will show up.

But if his friends are just there beside him and also do majority votes before placing their bets then that provably fun since imagine there's no consequences we need to think and we could able to enjoy the further discussions happening while you and your friends is having fun playing together. I truly understand those other concern about those combined bets since we know there would be a lapses with that and they might think that there's something suspicious happening especially if their expectations didn't happen and they didn't understand the risk.

[Zoomic]

Group betting is actually a  very risky one or me because you can never be sure of the credibility of a person especially when it has to do with money, some persons can be very greedy at some points and you wouldn't believe how greedy and dubious one   can turn to be once money is involved until it happens that they have finally show their attitude when the bulk money   is in their possession to keep. some may eve run away with the contributed funds which you people were meant to  use to   fund the wallet and bet with if it turns out the stake is such a huge one and they know that the certainty in gambling especially in that game on which they want to bet is really small. Personally, i wouldn't want to engage in such because of the risk involved for me is just such that i cannot work with but if its with a my family which i have a great level of trust for, i will definitely look for a way to see that we carry it out in a way no one is goin to do away with the money when it comes.

If you are not sure of the credibility of those you call friends, then you shouldn't bother entangling yourself with a group bet. The essence pooling money together to place a bet is to make sure a single individual does not place a single bet with very large sum of money he cannot afford to lose. This is not entirely a bad idea but, are the other gamblers be trusted? Any gambler who has trust issues or feels that there is something fishy about the other gamblers in the group should not bother joining such a group betting, at least you will be able to save yourself the stress of suspecting the others and also be able to retain your friendship with your friends.

This is something I can do with my close friends for fun. I will not be putting money together if I'll be dealing with strangers or those I have very little connection with.

[bitLeap]

It was an interesting idea to be honest, but I really was wondering if it was the right thing to do, remembering one incident that happened last year where two friends put money together in a bet, bet won, amount was really huge, the other stole the ticket ran away and cashed the entire money from a very far place, leaving the other guy with nothing.

What do you guys think, is this concept or idea a good one? Will you accept such request?

Let me tell you about the plan we have just made on football betting. Considering that the Euros have entered the round of 16, I and 15 other friends have collected $50 each to enter the pool, then each of us will hold a randomly selected team and whose team succeeds in lifting the trophy will receive a prize from that pool. Not bad $50x16 = $800 so this is our way of celebrating the fun of each season.

Coincidentally, I got the German national team as a guide.

[Solosanz]

I mean, what's the benefit?

Let's say we want to bet on Uruguay vs Bolivia, the odds for Uruguay @1.20, draw @7.00 and Bolivia @13.00.

If I bet in sportsbook, that's the odds, but if I bet with friends and the odds is same, I will not bet with my friends because it just make things become complicated. If it turns become all or nothing (winner takes all), I would bet with my friends and choose Uruguay since I got a benefit.

[mirakal]

Group betting is actually a  very risky one or me because you can never be sure of the credibility of a person especially when it has to do with money, some persons can be very greedy at some points and you wouldn't believe how greedy and dubious one   can turn to be once money is involved until it happens that they have finally show their attitude when the bulk money   is in their possession to keep. some may eve run away with the contributed funds which you people were meant to  use to   fund the wallet and bet with if it turns out the stake is such a huge one and they know that the certainty in gambling especially in that game on which they want to bet is really small. Personally, i wouldn't want to engage in such because of the risk involved for me is just such that i cannot work with but if its with a my family which i have a great level of trust for, i will definitely look for a way to see that we carry it out in a way no one is goin to do away with the money when it comes.

It is hard to make fun in gambling if you are doing this certainly for money. But what the story means is that they are just making fun of it and it is not wrong if they agree on the sharing. It was not the credibility of the group to made them win, remember that this is gambling, and luck is what we need in order to win. If they win, all of them win, the same thing happens if they lose, all of them lose as well. Of course, we join the group where we think they can be trusted.  

Of course, it was your opinion and preference as to why it is better to go alone but having friends in gambling is a different experience, right? And I say that the idea that OP shared is somewhat relatively good.

[HelliumZ]

Gambling is an uncertain prospect and where you involve your friend it becomes a risky affair. Especially in gambling I do not involve my close relatives because in this case if after involving relatives I face huge loss in gambling then my close relatives especially my friends can blame me. That's why I never involve my friend to engage in gambling including investing in bitcoins.
For example, suppose I bet $100 on a bet where my friend shared fifty dollars and I shared fifty dollars.  At the end of the bet, if my friend and I lose the bet, my friend may file a complaint against me and face the situation of refunding my friend, so I will never involve my friend in this risky activity.

[Toro iskandar]

It was an interesting idea to be honest, but I really was wondering if it was the right thing to do, remembering one incident that happened last year where two friends put money together in a bet, bet won, amount was really huge, the other stole the ticket ran away and cashed the entire money from a very far place, leaving the other guy with nothing.

What do you guys think, is this concept or idea a good one? Will you accept such request?

In my personal opinion, it is a less interesting idea because safe betting is betting individually, even though the results, whether we win or lose, we ourselves feel the risk and if we lose a lot or a little money, we are ready to accept the risk too.
Because whether it is good or not depends on ourselves, we are free to choose which bets are in accordance with our criteria and the amount of the bet will also be adjusted to the budget in our own pockets.

However, if there is gambling in groups with joint contributions, I think there will be a difference in perception or choice, because each gambler's choice has their own criteria and in it there is definitely a compulsion to follow the type of choice in gambling and this is very unattractive to me.

[EarnOnVictor]

-snip-
It was an interesting idea to be honest, but I really was wondering if it was the right thing to do, remembering one incident that happened last year where two friends put money together in a bet, bet won, amount was really huge, the other stole the ticket ran away and cashed the entire money from a very far place, leaving the other guy with nothing.

What do you guys think, is this concept or idea a good one? Will you accept such request?

To be frank with you, it is a bad idea for me, why not use my portion to bet based on the experience I have just like before and win or lose depending on the outcome? Why involve other parties when the money to be won will still be the same? Unless I am a novice in the world of football betting, I will not do such a thing. You can imagine the incident you cited, which is about two people, what could happen if it is now involving multiple people? This is unless they are so sure of the integrity of the person who will hold the ticket because no matter how many you are, it is only one ticket they will still issue to you.

Gambling involving multiple parties is even confusing at times because some might go for one option and the other goes for another, and if the division was later resolved and an option was opted for which later happens to be the reason why the ticket was cut, the other parties in support of another option will not take it likely and blame it solely on the other party. This often happens with blames shifting unless all agree completely on the same options which is not always so.

[Dr.Bitcoin_Strange]

I will not join in group gambling that requires me to add my own money with other gamblers and stake in one game. The disadvantage is that you guys may not even have the same prediction in mind. If you are predicting away to win, the other person may have a different prediction, and if, at the end of the game, you guys lose the bet, while one of your friends didn't agree to the prediction, he will be angry. Well, no matter how small my bankroll balance is, I will rather stake in my own predicted games by myself and not with a combination of money from other gamblers who happen to be my friends. 

[boyptc]

I like to do this with investing but not with gambling. In investing, the risk will be distributed although there's also risk in gambling but it's so different for me.

I think that the concern of many are valid about they don't want to trust their money to their friends. It's not actually about trusting it but it's about letting their money join their friends money.

If you want to sportsbet, we're free to do that without having to interact to any of them. The fun is still there and you don't have to bring a source of potential hatred or ruckus that might come from them.

[Webetcoins]

betting together with your friends may sound like a good and fun idea, but for me personally it is a bad idea, that's because money can change a person.  imagine when you win the bet, but when your friend claims/withdraws the money, suddenly your friend only shares a little with you or when you share your friend's share, suddenly he becomes jealous because he feels that he is the one who contributed the most in the bet.  that, and many other problems.  this is the reason why i am not very interested in betting together because it could be a problem if one of the parties feels that the distribution of betting results is unfair.

Not sure about cumulative bets but I know that betting against each other can be bad sometimes. If one person wins, other friends may develop hatred and hate for him. Besides, it is a small thing to win in betting. One can also risk life because the person who loses a large amount is also likely to become the enemy of his life.

I have seen friends become enemies when many friends sit together and one friend wins then all others turn against him and I have even seen people kill others for money. They also kill and make excuses. When you lose while sitting and someone else wins, then you will not feel fear even taking his life because it is a fact that money is dearer to people than their own lives. So, it's better if a person gambles alone, and if they do it with friends, they need to know that their friends are not going to get extreme with it.

[Eternad]

What do you guys think, is this concept or idea a good one? Will you accept such request?

It’s good to do this when betting physically since you are together which means the chance of other party to runaway the money is very low and you can enjoy watching the game at the same time.

But doing this online like you are just sending money on a single person account just to placed a bet might result to conflict once the friend who made the bet decided to not honor all the bets made runaway the money.

You will just add inconvenience on betting if you will just involved friends on your bets since you can do this by yourself and watch the game together with friends at the same time.

[DubemIfedigbo001]

Its not a bad idea at all, depends on the persons involved. I've many friends into gambling, but not all of them have the integrity for me to engage into such with them. I've actually merged funds with some hommies in the past, won and split find without any issue. Some dudes got integrity and don't do such things like running away with brotherhood funds. It can get someone killed you know.

The way we do it back then is that everybody would bring two odds and #5k, we combine together, play and split funds when it greens, we split funds. We do it every weekend back then and win most of the time.

[goaldigger]

Sure why not, but I will just bet small amount and I will make sure that I’m betting with my real friends or else I might get fooled. It’s fun to bet with your friends actually and if you are watching the games live with your friends, that can make more fun cheering for the same team. Some may not prefer this due to privacy or they just simply don’t want their friends to know that they are into gambling as well.

[rachael9385]

Sure why not, but I will just bet small amount and I will make sure that I’m betting with my real friends or else I might get fooled. It’s fun to bet with your friends actually and if you are watching the games live with your friends, that can make more fun cheering for the same team. Some may not prefer this due to privacy or they just simply don’t want their friends to know that they are into gambling as well.

The thing is, we really need to know our real friends if we want to do a thing like this, there are some friends that will always want to cheat the other friend mostly when the money is big. Some folks always want the lion shares when they are not the real person that worked hard to achieve the pay. However I am trying to say that some friend will want to take the bigger pay when they are not the person that brings big money to play the game. Although it's fun to gamble with your friends.

[Mr.suevie]

Group betting is actually a  very risky one or me because you can never be sure of the credibility of a person especially when it has to do with money, some persons can be very greedy at some points and you wouldn't believe how greedy and dubious one   can turn to be once money is involved until it happens that they have finally show their attitude when the bulk money   is in their possession to keep. some may eve run away with the contributed funds which you people were meant to  use to   fund the wallet and bet with if it turns out the stake is such a huge one and they know that the certainty in gambling especially in that game on which they want to bet is really small. Personally, i wouldn't want to engage in such because of the risk involved for me is just such that i cannot work with but if its with a my family which i have a great level of trust for, i will definitely look for a way to see that we carry it out in a way no one is goin to do away with the money when it comes.

If you are not sure of the credibility of those you call friends, then you shouldn't bother entangling yourself with a group bet. The essence pooling money together to place a bet is to make sure a single individual does not place a single bet with very large sum of money he cannot afford to lose. This is not entirely a bad idea but, are the other gamblers be trusted? Any gambler who has trust issues or feels that there is something fishy about the other gamblers in the group should not bother joining such a group betting, at least you will be able to save yourself the stress of suspecting the others and also be able to retain your friendship with your friends.

This is something I can do with my close friends for fun. I will not be putting money together if I'll be dealing with strangers or those I have very little connection with.

Well even if you are sure and certain about your friends, they can be sometimes that you don't even expect and maybe you guys hit a very massive jackpot today and that's when you will know if that friend of yours is truly your friend because that's when the whole greed come out and if you are not you might even end up having problems with your friend.

[shivansps]

Hi hommies..

So, just this morning, a close friend of mine approached me while we were in a small meeting with the power holding company that supplies electricity in my street( or rather, small community).

Knowing I usually bet on sports from time to time, he began discussing about sports events with me mostly centered on the current Euro 2024, discussion was interesting as i always enjoy discussions around football and all the arguments that goes with it 😁.

Along the line, he asked if I will be willing to join a group betting, I asked what group betting was, he told me it's just a group of guys like myself, coming together to join an agreed amount together to bet on chosen sports games, and if the bet wins, we take out the money with the profit and share it equally amongst ourselves.

It was an interesting idea to be honest, but I really was wondering if it was the right thing to do, remembering one incident that happened last year where two friends put money together in a bet, bet won, amount was really huge, the other stole the ticket ran away and cashed the entire money from a very far place, leaving the other guy with nothing.

What do you guys think, is this concept or idea a good one? Will you accept such request?

I think it’s possible to do this just for variety. I believe that a person can easily choose whether he wants to place a group bet or not. There is nothing bad about this, but if you are not confident in people or don’t know them at all, then it really may be that you won’t see your money again. Therefore, you need to do everything smartly so that later you don’t read about yourself as the guy who didn’t get the money