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Author Topic: Will you put money together with friends to bet on sports games?  (Read 1339 times)
Forsyth Jones
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June 29, 2024, 08:32:16 PM
 #121

I never thought of anything like this, betting in a group can trigger a series of problems if a bet goes wrong or someone in the group doesn't honor the bet.

In this case, who will be responsible for the tickets? What if this person in charge takes the entire prize for himself, just as he did as you reported, if the bet is positive and only he has access to the account?

Betting sites let you bet for less than $1, if you want to win more, you can bet more and as much as you want, being an individual, if you lose in a bet, you don't satisfy anyone, unlike group bets.

I think that betting in a group is the same thing as investing in a group, the chances of it not working out are greater than the chances of it working out.

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June 29, 2024, 08:45:11 PM
Merited by Zadicar (1)
 #122

I never thought of anything like this, betting in a group can trigger a series of problems if a bet goes wrong or someone in the group doesn't honor the bet.

In this case, who will be responsible for the tickets? What if this person in charge takes the entire prize for himself, just as he did as you reported, if the bet is positive and only he has access to the account?

Betting sites let you bet for less than $1, if you want to win more, you can bet more and as much as you want, being an individual, if you lose in a bet, you don't satisfy anyone, unlike group bets.

I think that betting in a group is the same thing as investing in a group, the chances of it not working out are greater than the chances of it working out.
Yes, there are tons of potential problems could exist on this kind of set up.

1. Ran away the winnings
2. Didnt able to make a bet or missed out
3. Possible arguments which causes up that having no division of winnings
4. Wont really be that transparent as much as possible

This is why it would really be wise  that you should really be going solo flight rather than on having those kind of betting together with friends. Somehow if the amount involved
isnt really just that too big and its something that you could ignore on the moment that problem might exist then go ahead and bet together with them, but if you
are someone whose really that trying out to avoid something then better do it on your own and save up yourself from possible hassles.  Grin
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June 29, 2024, 08:54:56 PM
 #123

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.
This is just the last thing that I will be doing. Why do we have to gather money to gamble and share the profits at the end? We all can just decide to gamble on our own, and if we win, we don’t have to share any amount of money with anyone. Gathering money and gambling don’t always end well, and things like this always end up in a fight because, when it comes to money, nobody should be trusted. Some people are going to be claiming smartness, and maybe after winning, they will start giving excuses and they won’t want to release money to be shared.

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June 29, 2024, 09:10:24 PM
 #124

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.
This is just the last thing that I will be doing. Why do we have to gather money to gamble and share the profits at the end? We all can just decide to gamble on our own, and if we win, we don’t have to share any amount of money with anyone. Gathering money and gambling don’t always end well, and things like this always end up in a fight because, when it comes to money, nobody should be trusted. Some people are going to be claiming smartness, and maybe after winning, they will start giving excuses and they won’t want to release money to be shared.

I would not be inclined to participate in a collection of funds for the purposes of gambling and profit sharing. Why divide our spoils with others when we can revel in the rewards of our individual luck at the gambling table without obligation? The end of collecting money to gamble usually does not bode well: it leads to bitter arguments. Trust is always a question when money comes into play, even those who nod their heads in agreement to split the take might conveniently forget or fabricate reasons after they have won, reducing it to a solo venture. It’s prudent then that we walk alone down this gambling path, let conflicts not tarnish these ill-gotten gains, if fate allows us any.

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June 29, 2024, 09:24:26 PM
 #125

~Snip
This is just the last thing that I will be doing. Why do we have to gather money to gamble and share the profits at the end? We all can just decide to gamble on our own, and if we win, we don’t have to share any amount of money with anyone. Gathering money and gambling don’t always end well, and things like this always end up in a fight because, when it comes to money, nobody should be trusted. Some people are going to be claiming smartness, and maybe after winning, they will start giving excuses and they won’t want to release money to be shared.
If you prefer to gamble alone and with your own money, then never involve friends.
Sometimes gambling in this way can lead to unnecessary arguments and recriminations, so it's best to avoid it. I don't like doing it, so I tend to avoid it rather than get into a lot of unnecessary trouble.

Gambling with one's own money is much safer than gambling together by collecting a certain amount of money, but some gamblers may apply this scheme in their gambling activities for their own purposes.

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June 29, 2024, 09:30:30 PM
 #126

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.

So true. Besides this , what if there are multiple opinions regarding one game ? this will create dispute between the friends and actually will be even harder to place bets so that's why I prefer to gamble with my friends but each of us will actually place his own bets based on their own opinions because in this way no one will actually be sad ( besides the one who will lost ).


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June 29, 2024, 09:42:38 PM
 #127

What do you guys think, is this concept or idea a good one? Will you accept such request?
The concept doesn’t look cool to me because everyone can just register on a gambling site and decide to place their bet. All that should be done is for them to drop their predictions on the group, and anyone that chooses can just decide to place a bet on it, and if they win, then the person is lucky. It’s not only in gambling, I don’t like contributing money together to run a particular activity, and after making profits, it’s going to be shared. Things like this do not go well, I have heard about people killing themselves just because of things like this.

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June 29, 2024, 09:50:37 PM
 #128

If everything is done on the basis of mutual agreement and is not detrimental to some parties then why not because in my opinion it is also a good condition but indeed in this case it is clear that chemistry and good relationships between each other (we are with friends who have the same goal) must be voiced because however this can be a difficult condition when in a sportsbook with the same intention of raising money to bet but instead in the match they cannot agree on making choices.

This can definitely be a stumbling block especially for something like this in the end trust becomes one of the important factors that must be maintained because it is not easy to gather several people to be in the same voice without any debate, pros and cons first.

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June 29, 2024, 10:59:46 PM
 #129


I would not be inclined to participate in a collection of funds for the purposes of gambling and profit sharing. Why divide our spoils with others when we can revel in the rewards of our individual luck at the gambling table without obligation? The end of collecting money to gamble usually does not bode well: it leads to bitter arguments. Trust is always a question when money comes into play, even those who nod their heads in agreement to split the take might conveniently forget or fabricate reasons after they have won, reducing it to a solo venture. It’s prudent then that we walk alone down this gambling path, let conflicts not tarnish these ill-gotten gains, if fate allows us any.

It's weary when on a journey alone, those arguments, yes, is a huge barrier, but a group of people can become something else sooner. As they practice this form of gambling, new ideas would be erupting through those arguments helping to fix the betting clique in an organized form. It all depends on the motives and goals of the converging gamblers. New things are always accepted, and perfection doesn't come easily.

They all have to exercise their franchise at all times. To help shut down the solo venture exercise that is most certainly meant to occur. However these things don't happen because of money. Even in a gathering where money is not involved some people would in one way try to dominate the environment. It's something natural and many people wouldn't prefer it happen. Gambling alone could be for such players.

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June 30, 2024, 12:50:21 PM
 #130

The idea of betting on a sporting event jointly with others seems dangerous to me. Maybe I would do it if I had to, but in the times we live in it is very easy to bet on sports events individually. Even with a few dollars we can bet on every match in the world. I think betting with others is dangerous. But more than that, I think it's unnecessary. If one day my friend comes to me with a similar offer, I will politely refuse him. Apart from all that, I can say that I can make betting predictions with other people. There is nothing wrong with that. But I don't think it's good to make a joint betting slip.

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June 30, 2024, 01:42:07 PM
 #131

The idea of betting on a sporting event jointly with others seems dangerous to me. Maybe I would do it if I had to, but in the times we live in it is very easy to bet on sports events individually. Even with a few dollars we can bet on every match in the world. I think betting with others is dangerous. But more than that, I think it's unnecessary. If one day my friend comes to me with a similar offer, I will politely refuse him. Apart from all that, I can say that I can make betting predictions with other people. There is nothing wrong with that. But I don't think it's good to make a joint betting slip.

The use of the word dangerous seems like you are categorizing your friends as strangers because that is the only which this idea will be dangerous. I’m not sure you are considering on your post but at least consider that you are doing this with your friends with a definition that someone dear to you.

It’s not really dangerous but rather hassle since it might cause you some trouble if ever there’s a trust issue raised during the bets. So far, I never try this with my friend and closest thing we do this is when we place a bet in a lottery using our combined funds that doesn’t win.

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June 30, 2024, 01:45:42 PM
 #132

The idea of betting on a sporting event jointly with others seems dangerous to me. Maybe I would do it if I had to, but in the times we live in it is very easy to bet on sports events individually. Even with a few dollars we can bet on every match in the world. I think betting with others is dangerous. But more than that, I think it's unnecessary. If one day my friend comes to me with a similar offer, I will politely refuse him. Apart from all that, I can say that I can make betting predictions with other people. There is nothing wrong with that. But I don't think it's good to make a joint betting slip.
No one will force you to join with your friends to place a bet. You can refuse them if they asks you to place a bet with them. But that could be fun if you place your bet with them since you don't have to analyze anything and still use the money you can afford to lose. You can do other things while waiting for the results of the match. Lets your friends do that for you and you don't have to thinks much about the match.

If you wins, that will be your lucky day but if you lose, that will not your lose only but you and your friends lose. But that will be up to you because that is your money and you must responsible with your money, even if that is small money. Nothing wrong with that, whether you place a bet by yourself or with your friends. That is just for having fun only and enjoy your time.

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June 30, 2024, 01:57:06 PM
 #133

What do you guys think, is this concept or idea a good one? Will you accept such request?
It's better if you can do it yourself, it's better if you do it alone, especially in sports betting, generally they gamble alone, rather than in groups or gambling together.

You can bet on sports with a few friends, as long as you know your friends well or know that they are honest, it's not a big problem if you want to do it, It's better maybe they have ideas or a lot of knowledge about the sport we want to bet on, as I said above, that's the point so that when you actually win the bet it's fair and responsible.

Gambling together is good, as long as you understand the character of the friend who invited you to place a bet, don't just gamble with a friend because you can end your friendship because you are dishonest when you win.

R


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June 30, 2024, 02:33:00 PM
 #134

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.
This is just the last thing that I will be doing. Why do we have to gather money to gamble and share the profits at the end? We all can just decide to gamble on our own, and if we win, we don’t have to share any amount of money with anyone. Gathering money and gambling don’t always end well, and things like this always end up in a fight because, when it comes to money, nobody should be trusted. Some people are going to be claiming smartness, and maybe after winning, they will start giving excuses and they won’t want to release money to be shared.

I would not be inclined to participate in a collection of funds for the purposes of gambling and profit sharing. Why divide our spoils with others when we can revel in the rewards of our individual luck at the gambling table without obligation? The end of collecting money to gamble usually does not bode well: it leads to bitter arguments. Trust is always a question when money comes into play, even those who nod their heads in agreement to split the take might conveniently forget or fabricate reasons after they have won, reducing it to a solo venture. It’s prudent then that we walk alone down this gambling path, let conflicts not tarnish these ill-gotten gains, if fate allows us any.
If the purpose of collective gambling is income, it will certainly not bring good results. Because in gambling we always say that taking it as a part of entertainment but not as income. If there is a win by adopting such a strategy, there is a possibility of confusion over the money of that win. Also, the big problem is that when a bet is placed, different people will have different opinions, there won't be any question if you win, but if you lose, there will be bad relations among the friends. If gambling is for entertainment I think gambling together can lead to strife rather than entertainment.

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June 30, 2024, 02:44:20 PM
 #135

It does sound like a good idea but the problem with anything to do with money is that it gets to create selfish ideas among  the few, and end result would be broken friendships which would be a sad reading all because of selfishness!!

The best I would advocate for is creating a tipping group, this way every user can stake according to their risk appetite  and games they like which can guarantee you getting your share off a bookie... otherwise group betting is a no for me!

R


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June 30, 2024, 03:27:21 PM
 #136

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?

If it's your first time to experience something like that and it's interesting for you and it looks like you'll be happy too, try it if you know it'll be easy for you. Do not do it if you are hesitant to do it, especially if you are not ready to lose the fund that you will gamble there.

Now, if you have confidence in your friend and you see that what they are talking about is good and you also know that they often win, then try to participate in what they are doing; it's that simple to do.


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June 30, 2024, 03:35:55 PM
 #137

The idea of betting on a sporting event jointly with others seems dangerous to me. Maybe I would do it if I had to, but in the times we live in it is very easy to bet on sports events individually. Even with a few dollars we can bet on every match in the world. I think betting with others is dangerous. But more than that, I think it's unnecessary. If one day my friend comes to me with a similar offer, I will politely refuse him. Apart from all that, I can say that I can make betting predictions with other people. There is nothing wrong with that. But I don't think it's good to make a joint betting slip.
No one will force you to join with your friends to place a bet. You can refuse them if they asks you to place a bet with them. But that could be fun if you place your bet with them since you don't have to analyze anything and still use the money you can afford to lose. You can do other things while waiting for the results of the match. Lets your friends do that for you and you don't have to thinks much about the match.

If you wins, that will be your lucky day but if you lose, that will not your lose only but you and your friends lose. But that will be up to you because that is your money and you must responsible with your money, even if that is small money. Nothing wrong with that, whether you place a bet by yourself or with your friends. That is just for having fun only and enjoy your time.
Betting with friends is fun, right? High fives, low stakes. You say to follow the leader and not overthink the game? Typical human behavior, outsourcing thinking and responsibility. We always buy the latest trend with money, trusting the herd. Very comfortable and simple

Even a simple gamble with friends might be harmful in that comfort zone. It leads to negative financial habits. Why not reverse it? Use these small bets to practice. Join the game, decide. Master winning and, perhaps more importantly, losing. It's much better than learning those things with big stakes. Consider it a low-risk self-investment. The pay? Sharper mind, stronger finances. You might even win some money

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July 02, 2024, 09:29:48 AM
 #138

Betting with friends is fun, right? High fives, low stakes. You say to follow the leader and not overthink the game? Typical human behavior, outsourcing thinking and responsibility. We always buy the latest trend with money, trusting the herd. Very comfortable and simple

Even a simple gamble with friends might be harmful in that comfort zone. It leads to negative financial habits. Why not reverse it? Use these small bets to practice. Join the game, decide. Master winning and, perhaps more importantly, losing. It's much better than learning those things with big stakes. Consider it a low-risk self-investment. The pay? Sharper mind, stronger finances. You might even win some money
Yeah, betting with friends is fun. We may experienced that many times before and maybe until now, we still betting with friends whether what is the gambling games we played. We can have fun with our friends by placing a bet with them and it's better we don't have to thinks the outcome because that is not main reason to place with them.

We just wants to spends our time with them by placing a bet. If we wins, that is our lucky days with our wins so we can divide the wins money to all of us. But if we lose, we are not lose alone because we have our friends that getting the same thing as us so there will be no regrets with us. If we lose together, that's maybe because we don't have good skills to analyze the match and that's why one or two friends will say that they must learn more about analyzing the match and improves their skills.

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July 02, 2024, 12:37:02 PM
 #139

I have heard and seen bets like this made by group of young people in the area where I live, they have confidence in one particular match, such as the final match in certain competition.
But for some people, they will never do it, like me personally, I will never be interested in placing bets as group, if win maybe can get more money with smaller amount of money collected, but it can cause debate.
Sharing fairly can be the main choice to get fairness, but there are also those who give more money to collect and basically they will always ask for larger amount in dividing the winnings.

Best step is to use what we have without interference from other people because that way, whatever the result, we will feel it ourselves and it won't cause other bad things in the future.
If only have small amount of money, can personally risk all the money with that small amount, but if luck comes, it can also provide an opportunity to multiply it.

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hedgeh0g
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July 02, 2024, 01:21:46 PM
 #140

I have heard and seen bets like this made by group of young people in the area where I live, they have confidence in one particular match, such as the final match in certain competition.
But for some people, they will never do it, like me personally, I will never be interested in placing bets as group, if win maybe can get more money with smaller amount of money collected, but it can cause debate.
Sharing fairly can be the main choice to get fairness, but there are also those who give more money to collect and basically they will always ask for larger amount in dividing the winnings.

Best step is to use what we have without interference from other people because that way, whatever the result, we will feel it ourselves and it won't cause other bad things in the future.
If only have small amount of money, can personally risk all the money with that small amount, but if luck comes, it can also provide an opportunity to multiply it.
I'm also not interested in group betting because it's just not interesting to me. I prefer to place a bet alone, so that no one bothers me and the winnings belong only to me if this happens. I'm interested in coming up with different strategies so that no one bothers me, this is a fascinating process for me. In addition to all these advantages, sometimes I don’t want anyone to know about my bets or have information about the size of the bet or how much I lost, for example my relatives or friends. In any case, if someone likes group betting, then let them do it, maybe it’s great pleasure for them or what they really want to do in life, then why not.

R


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