"Syndicate" betting?

[Kingturf]

Syndication bets are interesting; I have done it a few times over the years either in BC races or a triple crown races.

Best:

I picked the horse in the 2002 Belmont, we (3 people) placed a bet wheeling 1 horse 1st, 2nd and 3rd in a $1 superfecta. I picked Madalia de Oro who ran second to 69-1 longshot Sarava. Total bet I believe was $2280; I put in 25% of the cost and we hit the superfecta for $76,000.00

Worst:

2004 Breeder's cup

A 5 group syndication of friends went after the Ultra pick 6 at the BC in Lone Star. With a pick 6 ticket that had a total investment of a little over $9600.00. I had a heated argument with these friends because; The hated Bobby Frankel breeder's cup record and did not wanted to include the 2nd choice; Ghostzapper thinking he was a sprint/miler. Not only we would've had the lone winning ticket. I played a back up pick 4 ticket and used Ghostzapper as a bullet. And we know the rest of the story; Ghostzapper won, 5 of 6 was the pay out...we missed taking down $2 million dollars, my pick 4 ticket paid $9200 and I am still pissed today and have not made another syndication bet again.

Moral to the story...syndication bet are good if the people investing are on the same page. A 15 minute argument became a grudge for 6 years for some friends.