What do you guys think, is this concept or idea a good one? Will you accept such request?
If you don’t trust that friend, it is better to not risk your money with him while having many other choices to bet on that event. When you think about it wisely, betting alone with a single bet, or sharing the same bet with a huge amount among friends, the outcome for yourself will be the same, however, the risk of cashing out the profits is different. When you settle a bet all alone, in case your bet is a win, you will go and cash out your money in a very safe way. The only reason that shared bets exist are for more fun especially when you are watching that game or event.
Personally, I would rather set a bet alone, tell my friends about it, but I will never share my money with others to put a group bet. It is just a way to add more risk and possibly losing a friendship due to some money.
Because even if we are incapable to sacrifice our friendship over a few dollars, I have met several people that did exactly that, so you never know when you may encounter a person like that and that may steal the money you won together.