Betting syndicate What is a betting syndicate? It sounds very professional and mystical doesn’t it? Lets see who the ghost really is straight from the start of this article. Betting syndicates are basically small organizations of good punters luring money from strangers and charging them their intellectual services in a form of % of the profit. Basically they are guys who know a lot about sports, are good in sports betting and willing to share their knowledge for a fair price.