Will you put money together with friends to bet on sports games? - page 12.

Nwada001

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Quote from: Fivestar4everMVP on June 25, 2024, 11:12:59 AM

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

I also do see the idea as an interesting one, but my question here is: what's the difference between just putting heads together to gather a prediction and very one going separate ways to place their bet on that game based on the amount they have in mind, or even if it's with that same agreed amount, will it make any difference if they bet all together and where they place the bet individually?

To me, it's safer for individuals to place their bets on their own to avoid some unforeseen situation in the future.

Bananington

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Quote from: Fivestar4everMVP on June 25, 2024, 11:12:59 AM

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.

As the group would had already being gambling together before he invited me I would ask to see how well they have been doing for the other games that they have predicted. If they have good ratings, I can join them but I wouldn't add to the games that they're playing.

I'll just add my money like an investment and allow themt to do their things knowing fully well that if they win, I'll make some money and when they lose, I'll also lose therefore I will not give them a big amount. I would already be gambling myself so if they want my input on the team bet. I can give them some bets that I think will play according to my prediction.
I will be playing my own bets by the side because I can't just depend on them to make it a profit every time that they play. Having two different sources that can generate me income isn't a bad thing although I still know that I can lose both money but it is a risk I don't mind.

MarvinHagler

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Quote from: LFC_Bitcoin on June 25, 2024, 11:52:26 AM

No, I don’t get involved with friends or family regarding money. It just has the potential to create too many problems.

I pick my own bets, that way I win on my own or I lose on my own, no complications.

This.

I've seen gambling/betting destroy decades long friendships.

If you are going to have a bet it is best to do it solo.

Falconer

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No, I don't think this is a good idea. I don't want to bet with the idea above because it is very likely that the winnings will be the same. If it's about a single bet on one particular match, for example at odds of 3.5, then you can still win your share without having to ask your friend to pay half of the total bet. If that's the case, then what's the point of that idea?

If it's about multibets or parlays, maybe this idea has some worth it. The more funds you have, the more choices you can make and combine the results. I know it would be profitable if both parties agree to share the profits together, but I don't want to involve other people in my betting plans. That's all I usually do.

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

If you do this, you will have no friends left.

Quote from: Fivestar4everMVP on June 25, 2024, 11:12:59 AM

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.

The main questions is 1) who makes the decision on bets (on what match, on what team, on what outcome, with what odds, etc.) and 2) who cashes out the winnings (the bet receipt is kept).

1) - I am not ready to trust others to make decisions with my gambling bets.

2) - I am not ready to trust others to receive possible winnings and prize money.

Money is like a litmus test, allowing you to identify strangers among your own.

Quote from: Fivestar4everMVP on June 25, 2024, 11:12:59 AM

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.

This illustrative example suggests that joint bets are only allowed with those with whom you are willing to share all the prize money.

Quote from: Fivestar4everMVP on June 25, 2024, 11:12:59 AM

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

Personally, I'm not ready to accept. With the exception of only my closest people/friends, for whom I don’t mind my money. I consider this concept of betting acceptable only in such cases.

I am sure that most sensible people will refuse such offers, because the disadvantages of group betting are much greater than in personal betting.

Marvelockg

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So whose account is the bet going to be made from? Sometimes some fun isn't worth trying out. Wait until you guys play and luckily win a huge bet and someone chooses to run away with the money and what starts as fun turns into chaos.

If you want to share ideas together on which bet to place, that's very good and can help you analyze the bet the right way but with regards to joining funds together, I don't subscribe to it at all. What happens to playing with what you're convenient with and what you can afford to put into your bet? If you want your friendship to continue, it's best you don't allow money to come into the equation at all. When money is involved, friends can turn to a very strong enemy. Be wise.

MarvinHagler

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I see no benefit in betting with people unless it is a small amount and to have a bit of fun.

In my experience betting with many people no matter how well you know them can cause problems and ruin friendships.

OgNasty

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It sounds to me like this would be inviting trouble. There are plenty of ways that this could go bad for you, but there isn’t really any upside. It might be fun to be a part of a group and the social aspect that comes with it, but you could also have that without intermingling your bets. That just seems like unnecessary risk to me.

Antotena

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Quote from: Fivestar4everMVP on June 25, 2024, 11:12:59 AM

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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?

Who is going to choose the sports and who decide the games to bets on and how it's goes forward? This is important because even if you join $100 each to bets in your group, there will always be loss and there will be conflict of decision, there will be disagreements between who is going to give calls and who edit games, you know sometimes two heads is better than one and it will give you guys confidence in everything that you do in the group.

However, why not just join head together and pick your sports and the games that you want to bet on. After the selection of games, each person can now fund his gambling accounts and play individually because if you all have 100 odds bet for example and you all want to commit $100 for 5 people, that will give you guys a stake of $500 and if staked, you will have potential payouts of $10k which you all need to split again in 5 places to $1k each but if you played individually, you will still get max payout of $1k, no differences even if the bets involves some bonuses.

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Quote from: Fivestar4everMVP on June 25, 2024, 11:12:59 AM

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

It sounds somehow to me, maybe because I haven’t participated in something like this before. For me, I won’t agree to be a part of that group, instead it would have been better for all of them to have come together and make their analysis or whatever they want to do and at the end of the meeting they’ll drop the game in the group chat or whatever platform they use to talk to themselves and whoever feels comfortable can then stake whatever amount they are comfortable with - I don’t like the idea of putting my money in a betting pool and at the end I’ll be sharing the profits with those involved - just give me the game and let me make the decision myself.

Odohu

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Well if it is just for fun, we could bet together, even putting money together. Aside from thus being for recreation only, I might not be willing to join funds with friends to place serious and business-minded bet. Why should I do that when I have my personal account to gamble in private and my friends also have theirs? Besides, I wouldn't want issue of money to bring problem between me and my friends because money is one of the know thing that separate friends. The person whose account the money will enter might be tempted to do something funny. So to avoid this situation, it's better we gamble separately unless it is just for fun just like I stated before.

Fivestar4everMVP

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Quote from: coin-investor on June 25, 2024, 11:20:44 AM

Why not if it's for fun and we are comfortable with money we can afford to lose. Our groups do this: we pick the team based on the number of votes and agree on the share of bets and profits; it is fun to do, it strengthens the camaraderie within the group; the most important in group betting is mutual trust, and that you all have fun.

When friends agree to do something together, it should be fun and something that strengthens the bonds between the friends; I became very familiar with my friends because of this group betting.

Well, I perfectly understand the angle you are coming, and indeed, I completely agree with you.

But here is the problem I have with this particular proposal of my friend, he in particular is my friend, a close friend though, not my best friend, and this other guys he called together for us all to do engage in the group betting, I do not know them, have seen their faces around a couple of time in the street but I don't have any personal contact or relation with any of them, this is where the issue lies.

So, I may somehow decide to trust the one I consider to be a friend, but how the others whom I don't really know? Kind of risky honestly.

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Quote from: Fivestar4everMVP on June 25, 2024, 11:12:59 AM

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

I don't like that concept or idea, I have never heard of such before, as a matter of fact what I am familiar with, is that in a group of friends that normally gamble, they share predicted games, expecially from one of their friend that usually win steady on gambling. Then each an everyone of them will play that same game on different ticket. The reason why I said I can't do such thing is due to risk. If everyone contributes money and the game happens to pla, the person in possession of the fund may decides to run or get away with it untraceable. So it's better we share tickets let everyone bet on there ticket differently to avoid monitory issues.

Justbillywitt

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I will never do something like that, everyone should invest according to their financial capacity. Things like this don't usually ends well. If they are sure that the game will play with guarantee of returning my money if it fails, I don't mind paying them to give me that game. I don't want to hear that someone ran away with the money after winning, and of a truth you can't guarantee that something of this nature won't happen. Secondly I wouldn't want everyone in the neighborhood to know that I played a bet and won certain amount of money. Thebmoney that I will contribute for the group bet, will be best spent if I play the bet on my own without the knowledge of a third party. Another reason why I won't be part of such arrangement is that, I don't want a situation where I will want to cash out my money when the game has played halfway and the other people won't agree, at that point there will be disagreement among us.

fortunecrypto

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There's a risk involved in this type of betting; you must know your friends personally and the intention of the whole group in betting. I would if the prize to be won is not that huge, and I would not if it involved a huge prize like lottery betting; it should be fun, and everyone agreed that it's not about the winning but how good the team in predicting the winners.

$crypto$

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No.
It is better to do it yourself without involving others this will only cause problems later on as you mentioned what if the person runs away who collects the ones in the joint bet?

Good or bad ideas come back to the individual but for me this is not a good idea.
I want to gamble without involving others, winning and losing will be swallowed by myself so that others will not know.

Lanatsa

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Quote from: Fivestar4everMVP on June 25, 2024, 11:12:59 AM

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

Not that something that will be ideal for me because if you are really that tending to avoid possible conflicts or issues or problems then it would really be better that you should really be betting on your own.
Also i dont see much of difference if you do make those kind of pooling of funds and betting on the same bets and still sharing up with the same equalled parts in terms of those winning or profits.
So the only reason on why i do see that people would be having that kind of pooling funds and same betting choices is that it is really just that for some sort of socialization with other people
and none other than that. Basing up on the said situation above that someone could potentially be trying out to run up all of those winnings and since its a huge one time bet
then winning amount could really be that something tempting for you to be able to get and ran away and this is why trust issues is something that would really be tending to watch out
and must really be careful because once we do talk about money then everyone isnt something that you couldnt be trusted no matter how close you would really be.

cabron

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I'm interested to hear what goes on in the meeting when they lose a game and whether they will blame who decides which team they put their money on. It could be a reason why friendship won't last. Money is always going to be the reason for it all.

Knowing that you are into the sport, your advice will be taken seriously by your group which they may rely on you. You make them rich and your bond will be stronger but if you make them poor, bond may not last.

noormcs5

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Quote from: Fivestar4everMVP on June 25, 2024, 11:12:59 AM

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.

Here comes the problem. Friends may bet together and if the money is lost in bet, then no one cares because it was a mutual decision by all of them. However, if the amount is won in that bet and the amount is significant, then greed may come between the friends and they may want to take all or a major portion of the winning amount. Ideally, everyone should divide the amount or to the percentage of each shares but seeing money, and greediness creep is and this may cause the end of long-lasting friendships too Shocked

Advice:- How about each friend betting separately so that there is no complications and everyone can get their winning amount separately and at the same time, the friends enjoy betting at the same time.

Davidvictorson

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Quote from: Fivestar4everMVP on June 25, 2024, 11:12:59 AM

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

Yes it is a good concept until it is not.

Friendship and money do not mix. Just like friendship and business. If I ever want to venture into this no matter how fun I think it sounds, I am going to have my friends sign a contract that binds each bets. It is going to be a legal document that would bind each party so that when greed creeps in on any member we can always have the law to turn too.

Aside this, nah, I am out. I ain't doing it.

Topic: Will you put money together with friends to bet on sports games? - page 12. (Read 1428 times)