Topic: Collective bets in local lotteries - page 3. (Read 693 times)

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.

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.

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.   

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.

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.

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.

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. 

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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

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

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

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

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

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

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

And it is especially hard for us to trust in that manner, in fact this is what attracted many of us to bitcoin on the first place, the fact that we did not had to trust anyone in order to secure our transactions was great in my eyes, so buying lottery tickets in this way is surely entertaining but it requires a massive amount of trust among those which are buying those tickets together, and you only need one rotten apple to spoil the fun and run away with whatever big prize money you happened to win.