How To Play
Start a Club
Placing and Selling Bets
Win Some Money
Fill in the club name, set the bet amount and set what ROI is require to bet the next week. 0% ROI will allow everyone to bet every week regardless of previous weeks performance. 100% ROI will require they at least win back their stake.
Once your club is set-up invite your friends to join. They can request access in their "My Clubs" page using the club ID or the club name.
Track who's turn it is to bet each week and make sure the bets are placed on time. Betters that reach the designated ROI will be able to bet next week, the others will have to sit out.
Let's get betting
Once you create an account you can access your mates club or even start your own.
You don't have to create a club to start betting! Head over to your bet hub and start adding bets. They will track towards your ROI and stats.
Club Betting
If you want to have some friendly competition you can invite your mates into a club.
Each club has a set of rules that loosely follow this format.
Each week a set amount of people are betting. Whoever is betting depends on their previous weeks performance. If you can reach the allocated ROI for that week you can bet again. Anyone that doesn't mate the cut has to sit out a week.
We will track all of the fun stats to make it a friendly competition to find out who is the best and who is holding back the team.
Money Management
There is no money management features for clubs. Feel free to organise this anyway you like!
We suggest that if you are not betting for the week your portion should go to a designated admins bank account for safe keeping until you decide to end the group. If you are betting you can use the add the money into a betting account to be used for the week.
When it's time to cash out, anyone that has a positive ROI should submit their profits into the bank. That would be Amount Spent - Amount Won. You should now have a nice pool of money to spend any way you choose.
FAQ
This is not a bookmaking and wagering site, no bets are taken. This is only a tip sharing service. By joining Betting Mates, you acknowledge and agree that you will only place bets with licensed betting service providers. For help call 1800 858 858 or your local State gambling helpline, Gamblers Help, Mission Australia or visit www.gamblinghelponline.org.au.
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