This is how you prevent a betting scandal

The closing date for most private bets on EM among colleagues and friends will soon come. What starts out as a gimmick and fun can quickly turn into a costly argument if you don't follow these rules.

Millions of Germans have long been seized with the desire to make a small sports bet next to the European Football Championship in France. It is unlikely that there will be a company, a table of regulars or a circle of friends where you cannot bet on favorites, goals and victories, but everything is possible on the portal https://asian-bookies.net/bkash/.

Some fans make predictions just for fun. But many others like to bet on money. If something goes wrong afterwards, the fun ends quickly, even in private syndicates. Especially when large sums are at stake, as in many companies, where dozens of colleagues often take out their wallets and trust the “gamer” with big bets.

There can be real problems when employees' personal entertainment runs on a corporate PC and takes up a lot of time.

Set everything up in advance

To avoid misunderstandings from the outset, every private betting game must be based on clear agreements, recommends Markus Feck, financial lawyer at the North Rhine-Westphalia Consumer Advice Centre.

Each player must know in advance which rules are used, who manages the money, how and when the winnings are distributed, and who is responsible for the correct calculation. This applies to both large company bets and small rounds with friends. Follow this link https://www.analyticsinsight.net/transforming-sports-betting-with-ai-and-neural-networks/ to learn how AI and Neural Networks are transforming sports betting.

If the specifications are unambiguous, then there should not even be detailed questions like: “Does a possible profit share burn out if someone does not pay their contribution on time?” or the frequently asked question: “Did you miscalculate at all?” . There are free templates on the Internet showing how to best set up and evaluate a private betting game in a tabular form that anyone can understand.

What pitfalls lurk in the workplace?

In the workplace, staking teams can always be a problem when competitive fever affects productivity, says Klaus-Dieter Franzen, Bremen regional manager for the Association of German Employment Lawyers (VDAA).

As long as the participants in the breaks work only on their EM tips, discuss scores, rules or the course of the tournament, everything is in order. The main thing is that the work does not stand still.

First of all, a colleague who organizes a syndicate during work hours should take it to heart, perhaps still on the corporate computer and with personal email from his desk.

What if there is disagreement?

“Very important: private sports betting is based on trust,” emphasizes Tatjana Halm, financial expert at the Bavarian Consumer Advice Centre. If the gamemaster does not count correctly or other problems arise, the participants are legally lost.

Bad luck, inconsistencies can't be taken to court, Fek says. The legislator remains aloof from such disputes. Under the German Civil Code (Section 762 BGB), betting among friends is also a form of contract, but non-binding due to the nature of the game and betting.

How about fair play?

What few people know is that fair play is not a legal obligation, at best it is a moral obligation, Feck emphasizes. Betting rounds must always be sure that all participants will abide by the agreed rules of the game.