Would you contribute to a collective betting between you are your friend? Collective betting is a real thing, people are joining staking power with one another to place bet.
According to this story
https://www.instagram.com/p/DNpQGu4N-At/?igsh=azdwMGJxYWE4dHM4 a group of five friends has been saving up for a couple of years to stake on black, the contributed $50 each for two years and they won $52,000 meaning if it’s shared equally each person will earn $10,000 and after two years each person had contributed $5200 that’s a profit of $4800 after two years is it win or not worth it?
Collective betting can increase the staking amount but there are some dark sides to collective betting like confusion in making decisions, not everyone in the group may agree to bet or how it should go, when they should cash out or quit. Collective betting can also be a seed for disunity between friends as one or more persons from the group can be blamed if it doesn’t go right.
For me collective betting should just be for fun and get together and no matter the outcome it should not be taking too deep.
You know, the logic I see in situations like that is pretty simple: when it comes to money, a lot of friendships get ruined because of it.
I’ve had plenty of experiences where friendships ended because of money.
And since money is involved in the story you mentioned, it’s not surprising at all that their friendships are having problems. So, to answer your question about whether
it’s worth it — in my opinion, nothing good or worthwhile will come out of what they’re doing.