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Topic: Collective bets in local lotteries - page 6. (Read 750 times)

legendary
Activity: 3766
Merit: 4554
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August 01, 2023, 04:18:47 PM
#15
When you bet with a group you run the risk of whomever claims the money being able to fuck everyone. If the group as a whole is allowed to collect the prize that's 1 thing, but if only 1 person can claim the prize there is big risk involved.

If you have a group of people whom you can trust, risking a few dollars for a decent payday is fine. Just keep what I say in mind, it could lead to a big drama fest.
hero member
Activity: 2716
Merit: 552
August 01, 2023, 03:59:07 PM
#14
The odds are still low, so I'd rather bet on my own peaceful mind lol. I'm not selfish, but I just don't want to have a potential conflict with shares when your team wins eventually. But, I don't really know how that works because we dont have lotteries here that allows a group of people to bet as one team.
Not really a fan of lotteries, i bought tickets sometimes before, but that's more likely a donation to the lottery company.
There's nothing interesting about lottery other than the massive amount of jackpot that has been pooled by the thousands or not millions of people who bought the tickets.
hero member
Activity: 2030
Merit: 578
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August 01, 2023, 03:44:50 PM
#13
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
Never have known this but I think even with 30 or more the chances will still not be that great and this could just lead to more conflict of things. Having 5000x tickets is really a huge deal for one but as Casdinyard is saying having that Jerry and Marge Go Large debut is not sustainable unless you're really that genius. I don't know if there's a group that doing this but mostly will fail in the long term, it's only good when starting, the hype and hope is present.
hero member
Activity: 2184
Merit: 891
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August 01, 2023, 03:38:14 PM
#12
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
So like Jerry and Marge Go Large but in real life? I think it could work even without the mathematical flaw that they made a big deal about in the movie. There's a good way for you to win bets as a group especially when it comes to the lottery but only in certain types, as games like the PCSO Lotto in the Philippines completely took care of this and made sure that large bet groups wouldn't be able to win more games than regular players by making sure that the numbers that are still predisposed don't necessarily win you the games, you have to choose the correct combination and orientation and only by then will you be able to win the whole prize pot. At the end of the day I think it's great math exercise but if you're looking for a syndicated form of business why not just invest on a cooperative?
legendary
Activity: 2520
Merit: 1113
August 01, 2023, 03:21:41 PM
#11
it is not a bad idea to increase the odds, but as Yatsan mentioned, this could lead to someone betraying the group just to claim the winnings for themselves. also, not sure how the lottery works in other countries, but in my country, winning the jackpot isn't the only way to win in the lottery, being able to match 3, 4 or 5 out of the 6 winning numbers will get you a reward.

I think this is still not effective knowing that it's going to be just fewer addition. I remember that someone bought at least $100,000 in lottery tickets and they still didn't win a significant amount to recoup the losses. It's a losing game if you try to increase your chances.
Mr Beast(a youtube) did a video where he bought $1 Million worth of scratch tickets. in the end, he didn't get any major jackpots(as far as I remember) but he at least got more than half of the money he spent buying the scratch tickets.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
August 01, 2023, 01:09:03 PM
#10
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
Dreaming in groups, is good not until someone becomes greedy of the prize. We cannot tell basically, that's just how powerful money is. Yes probability will obviously be higher than individual betting but I'd still prefer betting alone 'coz in such way it'll be easier to accept loss and enjoy winning more.
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.

That's what I can see would happen.  Not your lottery ticket, not your win.

There are instances where there are multiple winning in the lottery and they are surprised that they are actually going to split the money and not get about 100M each. They got no problem with it since the state lottery is the one splitting the money for them but if it's the group, there is going to be a lot of talks before it will happen. Or they may never end up splitting because the one who holds the ticket just runs with it.
Splitting is basically a verbal agreement and as long as no paper supports the condition, everything would fall under the hands of that individual in your group, who happened to win the lottery. Would he be wrong if he won't share it? Morally, yes. But you won't be able to sue him for such thing if there's no agreement acknowledged  on paper and signed by both parties. Such thing isn't nee to be honest. Many people could break their friendship or alliance just because of money.
hero member
Activity: 2800
Merit: 595
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August 01, 2023, 12:40:07 PM
#9
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.

That's what I can see would happen.  Not your lottery ticket, not your win.

There are instances where there are multiple winning in the lottery and they are surprised that they are actually going to split the money and not get about 100M each. They got no problem with it since the state lottery is the one splitting the money for them but if it's the group, there is going to be a lot of talks before it will happen. Or they may never end up splitting because the one who holds the ticket just runs with it.
legendary
Activity: 3122
Merit: 1398
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August 01, 2023, 12:02:26 PM
#8
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

Basically, and as mentioned, it simply just to raise the chances of winning

But take note, the level of chances is still considered low regardless of how big the numbers are in that group. Actually, it just the same as more different people betting on tickets every day but the difference is, people in these so-called groups do have a given task to intentionally increase their purchased tickets.

Might be good but personally for me, it doesn't change the fact that the winning chance is slim.

Although they indeed increased their chance of winning by doing group lottery ticket by small percentage I think there’s a big problem here on who will claim the prize if ever they win jackpot prize.

Lottery ticket has no owner imprint on it which means anyone who will be greedy on the group can solo rhe profit and hide to others.

Although that is possible, I believed at most cases that the majority of those groups are well-organized.
hero member
Activity: 1288
Merit: 564
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August 01, 2023, 11:29:24 AM
#7
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
Although they indeed increased their chance of winning by doing group lottery ticket by small percentage I think there’s a big problem here on who will claim the prize if ever they win jackpot prize.

Lottery ticket has no owner imprint on it which means anyone who will be greedy on the group can solo rhe profit and hide to others. This is very possible since it’s very common to be greedy if there’s huge money involved so doing this kind of pool is totally absurd unless you have a legal documents that will protect everyone involved for prize split in an event that someone will be greedy. Still, betting solo is the brst thing to do to avoid hassle and trust issues.
hero member
Activity: 896
Merit: 586
Leading Crypto Sports Betting & Casino Platform
August 01, 2023, 11:26:07 AM
#6
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
Two heads are better than one,the chance of winning will be higher than when a single person is betting since it is a group thing. One thing that you should also put into consideration is that no matter how many gamblers coming together to do the maths their chances of winning is still 50-50 because gambling is all about luck.

I wouldn't love to gamble as a group because there can be some misunderstanding when it comes to division of funds after winning big. I prefer the solo gambling that if I loss it's all my funds and if I win,I have all the funds. However,it is fun gambling as a group.
copper member
Activity: 2940
Merit: 1280
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August 01, 2023, 11:19:36 AM
#5
Let me know if I understood correctly what you mean.

You are going to do it collectively because it's a lot more money than just you. Hence the amount of chances to win is increased. Is this your takeaway on this?

I think this is still not effective knowing that it's going to be just fewer addition. I remember that someone bought at least $100,000 in lottery tickets and they still didn't win a significant amount to recoup the losses. It's a losing game if you try to increase your chances.
legendary
Activity: 2492
Merit: 1145
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August 01, 2023, 11:16:32 AM
#4
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
The odds are still low even you bet as a group. You can increase the chance of you winning but I don't think that you can win it by just few tries, it can even last you and your people months without seeing a good results. Additional to that is the hassle that a you will experience in targetting that kind of lottery tickets per day. It would be a disaster filling up the tickets with your details in it. I don't know if someone made this kind of strategy to win on a local lottery.
sr. member
Activity: 1554
Merit: 413
August 01, 2023, 11:13:08 AM
#3
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.
legendary
Activity: 1610
Merit: 1131
August 01, 2023, 11:08:54 AM
#2
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! 🌟 Wink
legendary
Activity: 2506
Merit: 1113
There's no need to be upset
August 01, 2023, 10:44:35 AM
#1
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
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