If the bettor has bet something... be it money or some personal item, is the bettor obliged to pay? What does your jurisdiction say about this?
Have you ever made a bet that led to an embarrassing situation or do you know someone who has?
What are the limits of a bet, can a bettor bet something that he is unable to pay? i.g: betting your own life or 10 years' salary? And also without gaining anything in return, since he only bet against and didn't bet anything if that bettor won...
@Forsyth Jones, In my opinion every gambler should only gamble with what ever they feel satisfied with to lose. If a gambling is not willing to lose their salary, it's not advisable to even joke put on such joke that you want to bet with your salary or your life, unless it's basically on a joking ground but if it's a serious case, then don't gamble with your important properties or items.
I have not made such bet, I would not love to gamble that way. I hate embarrassing situation.
Gambling with one's life, life saving and all salary received is very wrong.