Topic: Collective bets in local lotteries - page 4. (Read 693 times)

This is a very good clarification, because this minus overlaps all other pluses. When it comes to big money, even those people who were honest, in other circumstances changes (or shows their true colors). Therefore, if I participated in such group bets, then only in some legally formalized form. Like LLC. I would like to know if there are such firms with the provision of such services.

I didn't hear this in my local country, but is it risky because, let's say, you'll be in a group of 50 and sum up money to buy a ticket, but again, only one person will be doing it? Let's say what happens if you win or if your group wins, and that member will then claim it because he has the lottery ticket, and he will just run away to another city unless all people are trusted there, but again, when it comes to money, we know that people change their minds and can do bad things, and lastly, it is still not guaranteed that you'll win it, so it is still better to bet alone.

The question of whether it is profitable to play the lottery or not is a separate question (of course not, the lottery loses to absolutely all other types of gambling).
There is a sense in a group game in the lottery. There is probably some amount that is life changing for you, right? For example, having received 5 million dollars, you will radically change your life. After that, if you get another 5 or 50 million, there will be no further drastic change. Therefore, the most important thing to start (haha) is to win at least 5 million. A group game where your chances grow multiple helps to achieve this.

That's what we must be aware of if we want to make a deal related to money because money can change everything, including friendships that have existed for a long time. Maybe we really should be able to know which friends are real friends and which are not so we don't run into problems later.

And usually, the problem of sharing money can trigger fights among friends. But maybe it's better if the agreement is done in front of a lawyer so that there is a legal bond that we and our friends cannot violate. It is also to avoid trouble between us and our friends.

I think if good enough trust is involved with this I would like to join for fun. But I personally don't think this will make any difference. When someone in group buy thousands of tickets, but if you only pay 2-3 ticket prices in such pool yes obviously you can get more than what you invested in. But I don't think real life works in such way. Most members that joined the group would probably buy only 1 ticket - just to be part of it.

It doesn't sound familiar to me. I can't quite understand the mechanics. What do you mean there are prizes given for small groups? Do you mean to say that there are certain prizes that can be won only by group bettors, but with a certain number of tickets, and not by individual bettors?

If this is what you mean, I think this is kind of unique. Surely, this kind of setup is not offered in the local lottery here. All bets are considered individual bets.

With so many movies I've watched in which a group of people decide to rob a bank and then that same group of people, when they rob the bank, start killing each other because nobody wants to share the money, unfortunately that doesn't just happen in the movies , in my country I've seen a lot of horrible things with a group of friends who joined forces to go do jobs and when they received the money they started to fight in a brutal way, they didn't even seem like friends, that's because some always received more than the others and the others they kept complaining that they worked more, so the shelter was intense and it was very difficult to separate the fight

the saddest thing about it is that it wasn't a lot of money, now I'm wondering what if they had saved up money and bought lottery tickets and then won, in my country's lottery the prize is a lot of money, I have no doubts about one thing: the guys would kill themselves for just one person to have the money. That's why I have no doubts that I wouldn't do that, I wouldn't join together to buy a lottery ticket, I wouldn't even tell anyone that I'm playing the lottery, except people in my house and family, if I was going to save money to play the lottery. lottery i would only do this with people in my family

here in africa, especially in my country, trusting friends is a very serious mistake, friends here don't think twice about abandoning you, everyone lives in competition, so when someone has more money than the other, it already becomes a reason to being envious, they feel pain because the other has it and he doesn't. I see many cases of friends who let another one die, that's why I wouldn't pool money with friends to play the lottery

It still increases your chances somewhat, though not enough to be significant if we're to be realistic about it. Nevertheless, you're still upping the chances and those minute addition to what's already in there could win you something. I'll be taking that any day because in these games of chances you'll never know when will you be hitting the jackpot or calling it just another day in the office. Besides, chipping in a dollar or two for the lotteries isn't that big anyway.

When someone dreams of winning a lot of money from the lottery with their game strategy, then maybe some of us can call it difficult and unreasonable. At my place some lottery gamblers believe in superstitions and they even often associate the meaning of dreams with lucky numbers. It's not clear what the connection is, but some of them are very lucky in individual games.

Collective play and individual play are different, but collective play can give you and your group a higher chance of winning than individual play. But I tend to like gambling individually, it's fun for me.

Personally, I do not see the sense in it, because increasing the chance of winning in 100 times you reduce the winnings also in 100 times as even if one of the participants of the pool will win the prize the prize will have to be divided on all.

In general, I stopped playing the lottery a long time ago, because the chances of winning are so small that you can buy lottery tickets all your life, but never win. In my opinion, it is much more interesting to play the same slots, dice or poker.

It cant really be known considering that winner would be announced on a certain individual or entity and not as a group because the lottery management would really be only considering that single ticket on which only one

person would really be claiming out and this is why it cant really be known publicly on which it wont really be that surprising.Some people might not able to hear off because its usuallly not really been that announced but rather these would really be these kind of groups is made out personally by a certain close people to each other, unless if they would be making out some announcement locally then it might do.
I dont know if its really that been allowed nor really be that legal on lotteries rules and conditions though but as far as im aware which this one isnt violating anything.

I do agree on the fact that playing or betting out in groups do stood a chance on winning or hitting up the jackpot but on realistically speaking or approach then it isnt really
still that giving that huge chance knowing that even having 100x-5000x tickets wont really be that still making out guarantees on making a hit.

Even if the chance is small, then playing with a group of 100 people, you increase it by 100 times. I think you will agree that it is more profitable to have a small chance multiplied by 100 than just a small chance. As for the winnings, if it is so big that even a hundredth part of it radically changes your life, then such group games make sense.

People who can be trusted, that's what you have to have as a team, because you have to remember this is something related to money, which will definitely be more sensitive. Before starting we must really see the personality of our team, and must really have strict rules about this, because it could be that money will change their mindset if they win.
There are things that must be really considered here, such as an agreement if you win or so. This seems like a trivial thing, but if you can't manage it then it will create discord between the teams.

Brazil can be the example of such types of bets but I don't think this strategy is very prevalent elsewhere. As winning the lottery is a matter of luck. Also, if there is a lottery at the national level, there is a very small chance that even if the lottery is purchased at the collective level, personally I will not prefer it. This can be done if it seems profitable according to the lottery prize and lottery quantity. If you win in this case, everyone can be benefited. The joy of winning the lottery in a collective way is not the same as the joy of winning the lottery individually.

I have heard about it before but where I live this is not common at all as I do not remember a single case in which the winner of a big prize money was a group instead of an individual, however while this may seem like a nice strategy to do and it may be even fun as now you are sharing your hobby with a bunch of people that like to make small bets as well, the problem arises precisely when you win any amount of money, as now you have a lot of people that could run away with the winning ticket, and unless you can prove in a court of law that you did bought the ticket as a group then that person will keep all the money.

This is cool and fun actually only if you've got those friends that you really trust. I know that most of those attempts will fail as hitting the lottery is like once in a blue moon. But let's get to the point of what if you actually won, the prize should be split equally on how much you've shared on that bet. I think there's even a place that has done this and most of the town folks have won an incredible amount. I can't remember where it actually happened but it's real and truly fun to know.

Am not going to talk like I know much about lotteries, but I have seen how it has changed lives for my close relative who won, a family friend and one of my Pastor and his family who won and they relocated to the U.S.

I hardly hear about lottery winnings these days, as there has been stricter restrictions and rules for my country and  freebies like lottery wins from bet or taking a chance on an outcome is scarce or people don't just fancy it much.
 BTC trading, forex trading, online gambling and betting I think has more than given individuals more courage for independent living, rather than focus much resources on lottery tickets or lottery winnings.

This idea sure is very valid and I wish it could be done for family groups too. This way there is more trust between the lottery agencies, the individuals involved, the government of these countries.

I love this last line of your essay and it more than explained your point of view.  

Well, if you feel that you can get a prize that can be divided into the group equally and all of you will get a good enough amount, you should go ahead and try it, but always make sure that you get together people that won't make any issues later on by saying they won't take this much and want more, or if nothing is won, they shouldn't come to you and start forcing you to return their money because you didn't win any amount in the prizes.

So if you finalize everything and also find the people willing to put their money in with you, make sure you create a contract and get their signatures and explain everything to them that the prize will be equally divided to everyone if won, and there won't be any refunds if the tickets don't win anything.

I have never bet with a group in any form of gambling, so there is no specific description of the results and odds of the lottery.

But from some of the sources and replies that I followed in this post, the single method of participating in the lottery would be much better than trying it with a small or large group. There is no sure way to get consistent wins on lottery tickets, so mathematically the chances also depend on how lucky you are. I think?

And dreaming too much will also affect our sleeping hours and in the end we will lose the positive activities that are carried out every day. LOL

I don't think it can be better, all ticket has a chance, and the group's chance is the same as all the other bettors even those with one ticket, we've read bettors who won on their first bets, so with this, I prefer to bet on my own no complication no agreement or terms and no issues when one of the group's ticket hit the jackpot and of course, you want to be anonymous when you hit the jackpot, something that will not happen if you are part of the group.