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To add (slightly) to Doug's post - I have been playing this game for 30+ years. Never profitable though over the years lost less than the track take by a statistially significant amount (though the most significant digit is stil the minus sign in front of the annual results.
To make our group -- and any group -- work, I think is:
a. Needs to be small (I think max of 3 plus mentor)
B. Needs to have each person bring different skills and perspectives to the table
C. Need to develop a level of trust (after all we are talking about money)
D. Needs the right mentor (we are lucky that we have Dave)
E. Needs to be flexible - everyone has to contribute, but time demans vary so one week one person may soend more time than the others but then it can flip the next week
The power of the group, as Doug said, is we can work through theories faster and get much more creative than if we did things alone.
If you can find such a group, I STRONGLY encourage it. And good luck!
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