Topic: Clear agreements in a Casual/P2P gambling is important to ensure fair gambling (Read 428 times)

What in the freaking chaos was fun about this experience of yours then? (though, not on this quote) You sound like someone that knows nothing about gambling in downtown hills; ain't nobody real about it if the cash isn't outta their pockets already... That being said, how do you place a bet without seeing the cash? With your lips? With spoken words or something?... The only language y'all should have understood is the papers bro

Truth is, he'll do the same as well - especially if those were his folks. The tragedy as the end would have been the last resort for me... To put up a fight cause he ain't paying up after being defeated? Nahh... I'm good. I'll just ABSTAIN from such a loser!

That's because it was verbal
People tend to go back on their words of it ain't favourable to them.
The familiarity even with third party may affect and emotion may creep in
But with a casino
You know nothing about who's at the other corner and agreement has already been documented when they clicked on I agree.

It is always best to have a trusted escrow if you want to make sure you won't get duped. Because you are talking about money here and some people won't respect the initial agreements if they feel they are already losing. And if you are the one losing, then, better accept the results and move on.
Also, most platforms now are showing the reputation of the person or entity, having like stars or whatever they are using as a tool to show the credibility of the person. So if the reputation of that person is low, are you still going to deal with him? I don't think so. So not only getting an escrow, but also check his credibility as a player as well. There will be some kind of metrics how the platform is showing the credibility of the person involved.

In such gambling there are usually more than 3 persons over viewing the results and the outcome so even though they must give boardman the money it should be someone whom they find trusted or a staff who is working there and they knows his or her identity. But however, you are right must times the bet usually go the other way round were they would have to look for the boardman to bring out the wagering amount to give the winner but before the game ends you wouldn't see him again any where close to the gambling arina.

That is what happen if we don't use third party to takes care the money because the opponent can refuse to pay the money. Besides that, we must make an agreement with the opponent and all people involves in that bet so there will be no cheat from them and the winner can takes the money.
It was happened and you should use that as your experienced and not doing the same thing in the future. You can finds the third party in that place but you should get the trust person who can takes the money and act as an escrow agent.
We don't want to get a problem because of that matter so we can gives this idea to all people on that place. If they don't want to make an agreement, it is better we leave it and we don't need to play any games in that place.

I think even with a middle man the guy will still not pay you considering his attitude for not honoring the bet. He will just create different excuses to void the game and get his money and the result will be the same which is chaos.

I’m skeptical if a middleman can protect the money if he was already threatened to physically attack just to get the money since he is just holding it for the betting purposes.

It’s better to never play P2P or play only against player that you knew that has word of honor on bets.

But what happens if this "board man" also is untrustworthy? They have all the money collected and they could easily run away with it especially if it is such a huge amount of money. One might be tempted. I have seen too many cases where these bets are not honored for me to still engage in such things. Informal betting can go extremely funny or extremely unlucky. But if you still want to participate in this, just make sure not to bet something too much of importance. I remember someone betting their car for example and giving his keys to a facilitator. Imagine if this facilitator just ran away with his car? That would have been pretty messy. I mean gambling your car in itself is crazy but doing it for an informal bet is truly out of this world.

For Friendly game and bet there is always board man who is to have all the money collected from every single bettor, then when it's collector and you start gambling whenever you lose your money used to stake is gone and you wouldn't be permitted to have that money back. While if the game continue to the last part you would have to wait until the emerges but when you lose the board man passes it over to the winner without stress. I think that is the best way to involved oneself towards these games.

Even he already paid what he owe, people should be careful with him because he dare to not pay "small amount money", this mean he might run away if he owe a big amount money. Oh well, gambling is actually good to reveal your friends, clients, and business partners' characters before you invest your money with them. In business there's always risk, if someone can't afford to lose money, they high likely can't afford to loss in business.

This is quite common when it comes to informal bets among people, as they think they can get away with no paying what they owe, and while this can be true, since there was no contract signed between the parties that legally force them to honor the bet, at the same time our word is one of the most valuable things we have, and if we do not fulfill it, then it is obvious other people will never trusts us again and when we need them the most they will make no effort to help us, so this person that refused to pay you despite the bet being established in front of everyone, will carry that stigma until he pays.

This is true. Aside from gambling anything that involves monetary deals or transactions should be highly have an agreement and a third party to confirm the agreement. It could be an attorney or anyone who chooses to, but it has to be someone with higher authority and legal rights. However, it must be someone we can trust. Just like in the forum here, some managers hold funds in escrow, and they act like the third party between the advertisers and the product owners. The mangers super see the happenings and ensure everything goes as planned and to the agreement.

What happened that day might be blamed on the 8-ball pool board owner. Because he would have acted as a third party to ensure that every agreement must be met to keep the reputation of his business.

While gambling it is important to have a middle man so that players can deposit their money to stake the game so that whoever lose won't be able to have access to their money. Gamblers are just interested of winning money from games but not willing to let the money go when they lose.  It will be a mistake playing gambling with someone and the money to stake the game is not giving to a middle man who will be in charge of the money because it won't be a surprise if the loser refuse to handover the money to the winner because the liver will find every means to cancel the game that was not in favour of him. Most games that players always have their money to them when gambling ends up to be serious argument.

Theirs something that's important in centralized kind of gambling, its like a dirty game and many have lose their souls in respect of that, sometimes you may continuously wining the group you're gambling with, but later run you want to leave the arena, and they will not allow you to step out the place because they have not win you, especially when you're unknown person in that area, so trade with people win precaution in anything that has to do with centralized gambling.

Just ensure that when you're doing such a thing make sure that you have supporters so that you will not be intimidated in such kind of gambling, as I said before that some people have lost their life due to physical centralized kind of gambling

For as long as I can remember in betting around me this has been the most basic rule whenever a bet is placed, there has to be an individual who we will usually refer to as the boardman, that is the person in charge of accumulating the bets from both parties and giving the winning bet to the person that wins.
You cannot place the bets orally without committing physically and you cannot commit an amount of money that you still have in your bank account or pocket. To place a bet, the bet amount has to be dropped, deposited or sent out.

Definitely, the staked amounts is supposed to be handed over to a third party or to you whom the bet has been placed on, so that if you win him, you will leave with your profit and it wouldn't result to argument but if you lose, you will refund him. I have had similar experience before but the bet was just on a minor case and I predicted who the winner was going to be and my opposer named the price he was going to pay me if my prediction come to light but he later told me he was just kidding, after he realized that my prediction was accurate.

there are cases that I've experienced where after you've won, the person starts begging you to return the money he staked with giving excuses that he just used his last money to stake the bet and that he wasn't even serious about the bet in the first place. Any bet that takes place without someone serving as an excrew is as good as one that never happened in the first place. It's always 10% chance that it wouldn't end up in the same kind of manner that the OP narrated.

Why even allow money to come into the discussion when you're sure you can't bear the loss? This is the reason why  I don't pity that talkimg of gambling addiction as a big deal cause it's mostly aa a result of thier lack of self control that leads them to gamble recklessly because of the winning potential they expected and when it goes contrary to plan they start speaking a totally different language.

Woah it sounds to me like you had one hell of an intense, eye-opening experience! Yes indeed even to me gambling does a lot to complicate the game and make things stressful, especially in cases of lack of knowledge about the stakes or the payout. Right on target for your takeaway regarding the use of mediation in deciding an issue if it's going to help keep things on track and reduce friction. I personally advise to set some clear rules and agreements before getting into any gambling. Deposits, handling of money or put someone like the third man that equally hold the bet, and what should happen in case one person refuses to pay are agreed upon to avoid headaches. After all, even though that could be a tough experience, it is at least nice to know that something was learned from it. Keeping these warnings in mind in future games shall most likely make for avoidance of similar issues, and thereby enhance the experience to some degree for everyone involved.

This days trusting one's friend is something else and when it involves money it's usually end up most likely in fights and arguments,and when playing such games as this illustrated yes the money should be given to a third party,cause one might be partial enough to have kept their own bet money in the pocket,so when it falls that such person win, he'll just do away with the money which will generate disagreement between both parties.

And generally it's usually the rule of every games that involves betting or staking,you learnt your lesson afterwards and the good thing the arguments didn't excalate more cause I know of some cases like this that results in big problems.

It depends on what kind of “friend” do you have because a real friend will honor your agreement. Also it’s very hard to wager against friend since you don’t want to take his money if you win. I do billiards gambling but never against friend since you will have attachment to the person may just friendly match without money involved.

Nevertheless, the general rule on P2P gambling is money on the table while both of you fight on the game that you choose. Never settle a bet by just verbal agreement because anyone can backout once they lose.

The bet can only have clear rules if it is gambling sites or well regulated land based casinos. Sometimes the rules will be clear but the loser will just want to try to beg for what he has lost. But as for the OP, they have stupid rules. No money taking from him or the other bettors and they say they are betting. That is not how to bet. If you want to bet like that with another person, there must be other people which will act as escrow for the settlement of funds to the winner.

The case related by the OP is so typical! I have witnessed myself several times, and I am not a regular at pools at all!! It even happened to me, not money involved (thank goodness). But it doesn't happen only in billiards. As others said, it is frequent in many games where the rules are not clear on beforehand, like in games with variations from place to place which have an impact in the way the results are interpreted.

Perhaps you are referring to fly by night illegal bookies, so yeah, here it is controlled by organized crimes and they are protected by the police. But I wouldn't say that they are sort of a gangster style as there are no so called enforcers. It just so happen that the uncle is respectable as he hold a local position in that place and so those guys who try to double cross us was afraid that if they don't pay then they might be black listed in the arena and can't play anymore.

But in this case it's very different, yeah, any form of street gambling should have a form of escrow or someone trusted by both parties to hold the money for them to ensure that the winner will get his part after the game.

If only there's a better way to do that, but it's next to impossible it seems. You've probably been to such kind of match and you've probably noticed how difficult it is to collect all bets and remember accurately which bet is from whom, how much is from which bettor, and whose money a bet is against. It also doesn't help that there are also handicap calls and even different odds. It is really hard to gather all the bets and match them properly.

I guess it can only be made possible if betting is to be centralized and bets are placed against the house or the operator. Even this design is hard to implement in reality.

If the person was an upright person with a good principle, they would know that such a behavior is totally unacceptable. I wouldn't blame you much because it was an informal setting and then we expect that people will be true to their words. If the reverse had been the case I guess that all hell would have been let loose. It is such a good lesson that you learned. Like the streets is dangerous and one must be streetwise. Maybe for the next time stick with formal gambling channels as it will save you the whole stress you had to put yourself through in your narration.

In any games between users, as well as in trading, for example, money must be in some kind of collateral, which will, so to speak, guarantee the availability of funds to execute the transaction. It almost never happens that someone pays money after the game, without even proving that he had money before the game. Although in general the phenomenon of games between users directly, bypassing a casino or bookmaker's office is very interesting. It shows that gambling is at the DNA level of a person. The desire to earn money, have fun and predict the future is what attracts people.

However, if your opponent had won, he would have demanded the winnings. Well, he would have put a cross on his reputation for a long time, and if this had happened in my country and the players were playing cards, then until the loser paid the debt, he would not have been allowed to live in peace. After all, everything happened in front of witnesses, right? Of course, when playing for money, it is necessary to prove that both players have the necessary amount, and it is better for a third party to have it. However, it is not at all manly to "hide your head in the sand," to be a coward, and not pay debts. Just understand and accept the OP; you were playing with a woman . And they can be forgiven for everything.

That is why we must know about the rules or other things before we playing gambling so we don't have to face a problem. If that is related to money, people can change easily and many times they will do something that we can not imagine because they want the money. Many things can happens in the offline casino especially if that is related to the money that we use to bet with other people so we must clear with the rules to prevents the thing you are experienced.

That will be our lesson too when we playing gambling in the offline casino so we will not involve in a bad situation. Although the chance still be there, we can minimize the bad thing that we can get and we don't have to get the problem. Besides that, you must get a trusty person who will hold the funds so we can make sure that the gambling will be fair to gamblers.

I agree. The problem in those cases is that sometimes you bet with people of a certain confidence or friends and things like this happen, that people refuse to pay when they lose, although I haven't observed anything similar since I was quite young. Anyway, any bet of relative importance has to be made with a third party escrow as you say, to avoid these cases.

What is quite surprising is trust other people or third parties to hold the betting money, if it is direct bet between players then the money can be brought by each and later given to the winner in the game.
This is ridiculous but I myself have never and will not do all that because it has the potential for various bad things to happen and can even cause disputes like what has happened and you have experienced.
Indeed, an agreement must be made from the start to be able to provide justice that can be obtained by both parties who bet money, they should be able to find better point of agreement for the sake of mutual comfort and security.
I sure it was pretty disappointing experience and made people who bet might not be able to accept it, but on the other hand it can provide valuable lesson not to repeat the same thing.

Yep that is the number one rule in our country mate, and we have seen a lot of videos of Filipinos playing pool with a lot of wagers in the side, could be as high as million pesos per game.


Yes, we have the GOAT in Efren Bata Reyes and so everyone of his is inspired by him to play and win big money too. But if ever you will be playing like in street corners, then at least the owner of that place is the one to be the middle man, or someone being trusted to hold the money and enforce the rule. No lay down money on the table, no game at all.

What I will say is that even if you trust someone, you should not gamble with trust. Be it you trust the person or not, it is better to escrow the fund with a trusted person. The only time you may not decide to escrow the fund is when the person has something to lose. Example are two reputed members on this forum that is in $100 campaign that bet $100 each. They will not want to lose their reputation on this forum because of $100.

Casual gambling attracts cheaters. Maybe that's why casinos(both local and online) are the most preferred way of gambling.
The casino sets the rules and the environment, so that the cheaters can't cheat the honest players.
By the way, gambling on skill based games(8-ball pool) seems like a stupid idea. I would bet money only on luck based games.
Even if there was a middleman in your case, are you sure that the middleman is trusted? What if the middleman is a friend of the other guy(the guy, who refused to pay). Casual gambling(outside a casino) is something I wouldn't do.

Why didn't anyone there realize from the start that the person hadn't put out his money to place a bet? Isn't it mandatory for bettors to put out their money before starting the game to find out how much money they are betting? From what I see, it seems like the person just wants to play with you, pretending to challenge you to bet and then hoping to win and if you lose, the person will ask for your bet money, and luckily you win so the person can't ask for your money, but the funny thing is that he is shameless because he dares to challenge but doesn't accept losing and losing his money
It is important to always ask our opponents whether they are going to place a bet or not so as not to cause any misunderstandings in the end.

People who encounter like that just means that the person didn’t want to take accountability for accepting the bet that he made. I think it’s fortunate for you that you won, but I think it would be the same if he won. Meaning he would want you to take up on it and you would lose money because of that.

I do think that the best way you could do it

True, that's really common here in the Philippines. I think OP is also from the Philippines. This also often happens with public basketball game in the Philippines. I've experienced this several times, especially when you're playing away (Dayo) and there's no 'witness' (Kase) for the bet. After the game, it's almost always a scam (Estafa). We've learned our lesson, so the rule now is that the visiting (Dayo) team should hold the money. That's why fights often break out when people don't pay up after a bet.

This might be the reason why most of these unconventional gambling activities are organised or controlled by violent gang leaders. Most of these dreaded gangstas usually serve as escrows. Bettors cannot dispute or argue about lost bets because they are scared of these escrows. Most of these escrows receive some percentage of the bet, which is not a bad idea.

The only way to still handle the situation is to also have a middleman for side bets. Alternatively, it will be better to bet with only people you trust. In my neighbourhood, some gamblers are well-known for their dishonest attitude because have exhibited this attitude two or more times. Many people wouldn't dare to gamble with them unless there is an escrow.   

Something like this is quite common here in my country also. That's why the rule should be money down before the match should even begin.
 
Pool is also a very common game here for betting. Many fights have taken place because of pool gambling. The problem, however, is that even if the bets from both parties are kept by a referee or a middleman, there will still be a lot of side bets. Those people watching the games are also bettors. These bettors don't have their bet money held by a middleman. That's why when a game is won, it can't be avoided that some won't pay.

In street gambling, you can always see this kind of person, maybe they think that they are superior than you and so he goes and play against you without putting money on the line. Yeah, it could be your mistake that you didn't put the stake money thru a middle man to avoid this kind of situation.

Just charge it to experience as they say, I have similar but it's a cock fighting, when the other side doesn't want to pay us that time. And they thought that we are rookie until one of my friends call his uncle who is a respected man in the cockpit and so those guys paid us immediately.

Well if that happens in our place, for sure the person that didn't pay won't go out alive,  , just kidding. There could be at least a gentleman's agreement between the two of your and there are a lot of witnessed for sure that you and this guy have a bet in the line before the start of the game.

Shame on him, and again, if it is the case here, he could be ban in billiards from our place and his kind of attitude will be not tolerate as we all know that everyone knows everyone in pool or billiard and sooner or later no one is going to play against him, unless the money is with a middleman.

HA! I've seen a number of these happening in my life and funnily enough it usually involves people gambling playing pool. anyway, sadly incidents like this are vound to happen especially if money is involves. luckily there weren't any serious injury. the ones I've seen, someone was needed to be rushed to the hospital because a guy used the pool stick a weapon and someone got hit in the head and wouldn't stop bleeding.

If you must gamble with someone without escrowing the funds, then it should be someone you completely trust and not just a random or casual friend. If you don't escrow funds when you gamble with strangers or casual pals, it is likely to end in quarrels, just as you found out, the loser might decide to default on the agreement and since it was just agreement through words of the mouth, then it is nothing concrete. One good lesson from this is that you now know that you should only gamble this way with people you completely trust.

This is the reason why people turn to a middleman when they are doing anything that involves agreement like this or that involves people trading money or staking money between themselves. I don’t think I have a similar experience but if something like this had happened to me, it would depend on the amount and the person involved on what action I’d have taken.

The person in question probably trusted his ability on 8-balls that he thought he would never lost to you and thus the reason he went ahead to play with you but after realising that his opponent skill was beyond his he then went on with the “they didn’t stake anything trick” - but since you have learnt your lesson I believe you won’t make the mistake of playing against someone without first seeing the prize or handling the prize over to someone else for safe keeping or to guarantee that something like this doesn’t happen again.

That's why casinos exist in the first place, people can't accept when things go out of their way so it's always important to do things in the right way if you're serious about it. My personal advice will be never mix personal relationships with money because it's bad combo and always backfire at you so if it's possible step away from head to head if you know the person at the other end because even if they agree to pay you they feeling of guilt inside you maybe a problem.

if its in the Philippines, where pool players are like Efren Bata Reyes, the person who always accepts a challenge always is a greater player. in your case the guy is just trying to earn money for free. if you beat him on the game easy, then you know the challenger is up to something.

they do have a lot of guts for a fight knowing you got an agreement. if you are not from that place you did a good job escaping alive. 

What just happened between you guys is not far from normal street gambling; inside a 10 to 20 game, more than 60% of the game always ends in a fight or argument before everything is resolved, and in some cases, if the person who doesn't want to pay has an upper hand in the place, you, the winner, will be the one trying to fight your freedom out of that place instead of fighting for the money that you have won. 
 
In the event that such a person comes out to place a bet with you again, I will advise you to stay away from him unless you are very certain you have enough backup in that place that will fight for you if the game ever escalates to that point.

If we're betting for real on a head to head bet, I would give the money to someone outside of the bet under the mutual understanding that we will respect their judgment.

It's also important to not make huge bets so even if someone loses it doesn't really matter in the grand scheme of things. We should bet on something like a beer or a meal or on who's gonna drive on our next trip or something like that that's not gonna leave the loser in pain.

Was it worth the money?
When it's in public and you shame the guy, it will always be trouble. I wouldn't want to make a fuzz about it if it were me unless the money is worth that much. There are people you don't know who will keep the grudge and you find yourself looking behind your back occasionally.  You are going to pay when you lose that game that's for sure and it won't matter. You play in good faith. Don't bother yourself if they won't keep the end of the bargain.

I think the problem is the money down the table before start playing. If they didn't initiate the money be on the table. You might as well doubt whether they will pay and not begin playing.

My bad, I missed the part that stated that they already had a gentleman's agreement. You are absolutely correct; an escrow would be the best option in such a situation. Face-to-face agreements can easily be broken since the funds are still in the custody of both parties. But a middleman who can even be paid a percentage from the win would have handled the situation brilliantly.  Online deals are riskier since people can easily fake their location and identity

This is why escrow is very important when it comes to money matters. As mentioned by the OP, it was already a face-to-face agreement and yet, the person wanted not to honor their initial agreement. What more via online deals, the person can easily say no and disappear. Hence, if you will deal another person better look for a reputable escrow to handle the funds involved, whether, you are dealing with a friend or not.

Quite funny for me to imagine and compare your opponent that refused to pay you out after losing same as the new members opening new topics and accusing trusted casinos of cheating them, while the truth is only they can’t afford losing.
After all for you, your safety and well being is better than his money, it is also a lesson for you to keep in mind, choosing wisely against whom you are going to play and gamble. Casinos are a better destination and safer place to compete against others even when they charge fees, but you guarantee more than a small fee.

I have witnessed many similar stories about gambling and arguing after the game is over leading to serious conflicts and injuries. Unfortunately, few years ago a young guy in my age lost his life after winning against the owner of an illegal gambling store, the owner wanted his money back after losing it to the young man, so he had to slaughter him and steal it back.

Not just in gambling transactions or relationships that involve money or anything of value should have an agreement. The agreement should have terms and witnesses if possible. You will never know the true nature of an individual until you have financial transactions with them.  I am sorry for what happened, @OP, but you would have let him go with his money instead of allowing the situation to degenerate into violence. Such issues can lead to injuries and loss of life. This is why I prefer to gamble physically with mature and responsible gamblers that I am familiar with. Or just focus on gambling with formal gambling firms.

Yeah, that's how it goes with P2P games. You must first make sure that the money on both ends is in the safe pockets so that no one will cheat. It's gambling, even a small amount can change a person and there's no such thing as an honest game in it. There will always be some dirt.

Anyway, yes it's your mistake since you are the pro in that pool table and you should've known better from your own experience. Well, it's a good lesson learned and I guess you won't be making the same mistake next time.
It's a nice sport and it's actually popular here in our country. Keep it up but stay out of trouble.

How do you engage in bets that happens as result of argument, and then you expect to have a safe ride? It will definitely result in a big trouble that you may not be able to settle.. moreover, what sort of friends do you keep? ... I'm asking because I can recreate that scenario in my head.
That doesn't look like t'was fun to me...well, there's a saying that "birds of the same feathers flock together" that as well might have been the case.. better still, you could make some proper negotiations next time..

Well if there is one thing I know, that would be the fact that when it comes to money every human tend to do otherwise like it tends to somehow pull out or amplifies their true colors and that's why anything concerning betting with someone especially when it have to do with something that involves the stake of money definitely a third party needs to be standby and everyone needs to be cleared on the fact that rules are guiding the bet and everyone should abide by them if not it's definitely going to turn out to something else.

This is why a middleman is always required on any bets set by P2P method. Trust is the most common issue on gambling with other person physically since they can forfeit the payment on bets anytime they want using forced which is very hard to go against if you are just a normal gambler with no physical advantage.

It’s much better to do a friendly match instead of staking real bets especially if the amount involved is high regardless if the person is a friend since the money change everything. Be happy that nothing bad happened to you physically because this kind of argument usually end up with physical confrontation.

Even the casinos will never allow you just make a prediction and assume that you will make payments after the game especially if you win then the staked amount will be deducted, i mean this doesn't even make any sense a I'm even saying it. gambling only takes place when the two parties have collectively placed their stakes and the amount to be won is clear so they are both playing for that amount and not them just gambling, in such case there can be a binding law against winners and looser but when no solid agreement has been made then you can have situations as this which can even turn really bad when not kept under control enough.

If you want to do it in another time, always make sure to have some intermediary who helps keeps the fund for you guys and be sure the money will be given to the winner when one emerges. anything outside having some funds with an intermediary will mostly result in conflicts because the other party may not be wanting to agree to loosing meanwhile the winning party just want to be rewarded.

Lolz, bro, I think it's best you understand that in this part of the world that we live in, there is absolutely no way you can participate In peer to peer gambling for a whole day and don't get involved in a fight, this is simply one of the known facts about peer to peer physical gambling, and this is something a clear agreement solves, for even with this, something will always come up at the end of the day that would cause or result to a fight.

This is possibly one of the reasons what many people prefer to only gamble either on well organized and established physical casino, or the online counterpart/version.
I did like to mention that peer to peer gambling is only meant for the streets and those who belong there, people in their right senses should always go well to avoid street gambling for their own safety, because street gambling and fighting go hand in hand.

Sometimes you just want to trust someone after you see the seriousness on their face not knowing you are making the worst mistake ever to do that. OP, i feel sorry because as long as there is no assigned third party to hold the winning money or whatever that was staked as an escrow it will be difficult to get the money from the other person. Because he only has access to his account and even if the fight continues you dont know if he has the money on him. I have seen cases where some persons go as far as betting without having any money on them. They are hoping to win you so that they can get some money. But why would they choose to take such a risk? People are just crazy that's what ill say.

Role number one in playing a physical bet is to hand the money over to a third party who is strong enough to resist whatever attempt coming comes from the person who lose the bet. You give the third party the money and he gets a certain percentage of it regardless of who eventually wins the money. If you just allow it to end in a mere statement when the money isn't visible yet, if he denied ever making such an agreement with you in the first place, you will be left with no option but to let it go or engage in forceful means of getting your money back. Do you even have to let it get to a fighting stage? What happens if someone sustains a serious injury? What would you have said knowing fully well that no form of agreement's written that can be held unto as a backing to show that he agreed on it but couldn't keep up to his words?

For the online gambling, the site through which you make your deposit stands as the middle man that makes it impossible to retrieve your money after placing certain bet. If sports betters have the ability to retrieve Thier money when things is about to go sour, most of them will compromise on thier agreement just like your friend. The only difference is that in the case of an online gambling, it's mostly favourable to the gambling owners who are the ones in control of the money and can cook up flimsy excuse as to why they wouldn't pay you in certain instances.

If I understood you well, you bet with someone but you did not know if the person have the money or not. I said this because you did not see the money the person wants to use to bet but you bet with the person. This is a mistake that should have been avoided. You need to make sure that you see the money and also the money also needs to be with another person which is the third party just like you later advised.

Obviously it would result in a big disagreement. In such bets, you should have at least had seen the money he wanted to place as bets first before engaging in such unnecessary games. The person was just not truth ful and wanted to brag about being able to beat you in the bet of which he lost to you. Upon placing such bets you should ensure you have someone else hold the funds just Incase because it's not a new thing for someone to default his agreement as long as he didn't drop the money in the first place. You just have to be careful next time so you don't Incure severe injuries to such bets.

Yesterday was a beautiful day hanging out with a friend. Just like any normal day, I would love to play the 8-ball pool. I was playing so well and i have won a lot of people even those who came to challenge a fair one. Not one guy challenged me on a bet, even on my refusal he insisted then my friend took up the challenge and they bet. The mistake i made was that I and the person there did not ensure that the money staked should be given to a middleman or brought out first before we continued the game. Unfortunately for the guy, I won him and he was supposed to pay. Then he refuses and said they did not stake anything. Everyone was surprised and refused to leave until he paid. It caused a lot of fight and arguments and a few people were injured then i have to leave the place.

Such a fun and dramatic experience but at the end of the day I learned that no matter how well we know someone too well, or even a friend or a brother we should always ensure that their money for the stake is given to a third party before any gamble is done. This is it to prevent argument and any person cheating and refusing to pay.