If in list function - python

Having an issue with writing functions to determine if firstly something is in a list and secondly in relation to the user having a bank balance.

essentially what the function needs to do is allow the user to use their balance to bet on a team and also for it to check if the team they have typed in is in the list of teams.

this is what i have so far if anybody could help me with this as i feel like it may need to be one function for both but can't work it out and other threads have not helped me, thanks.

team_list = ["Team1", "Team2", "Team3"]

def Team():
    team = input("Please choose a team to bet on.")
    if team in team_list:
        print("You have selected",team)
    else:
        print("That team is not in the list please select one in the list")
        return Team()

def Stake():
    bank = float(50.0)
    stake = float(input("Please enter a stake"))
    if stake <= bank:
        print("Your bet has been placed.", stake, "on", team)
        bank -= stake
        print(bank)
    else:
        print("You don't have enough money to place this")
        return Stake()

Team()
Stake()