Topic: What are the limits and common sense of bet? - page 3. (Read 518 times)

I think I do not like the implications of those bets and dares made in a tone of joking, when betting both parties are supposed to make clear there have serious intentions to wager money and pay in the case they lose.
I have seen cases in which co-workers have some argument about some related issue of the work, when the discussion ends up betting almost like a verbal fight, then one of them would usually say to be willing to bet their salary if they other person is proven to be wrong. In the end I have not seen a case in which both parties agree to wager their salaries over things related to work, I assume it was because si have only worked in clases and companies which are serious enough for their employees to solve their disputes without staking their money in such an unnecessary and reckless way.

Either way, even if people did that, it would be counter productive to the interpersonal relation of the people involved, co workers would be Sauer on the fact they lost money to other worker and that could lead the work sabotage, bulling and false accusations of unproductivity with the common boss. It is better to avoid all of this by not betting (joke or not) with co workers and friends.

if there was a solid agreement as to the price to be won should the bet goes in favor of one of the gamblers against the other, then you are obligated to pay because if it were to be the gambler who eventually got to loose such a game, he's most definitely going to pay but if it were to be jus a random argument without an agreement to what's to be at stake should incase either of the gambler eventually gets to loose or the other gets to win then you just have to let go because it was actually a random idea been argued upon and not like something that the gamblers were actually really serious about staking something for.

its always very appropriate there should be an agreement before anything is been staked by either of the gamblers so don't just assume there's a bet when the other party is yet to agree to the fact that you both are in abet already and so gambling with items that are most precious to you should always be given a second taught because its usually left with the winner to decide if he's going to make refunds or return that which was staked based on an understanding or agreement.

Sometimes their judgement to make good decisions is over clouded by their overwhelming wants to win and that's why the makes these drastic and irresponsible staking amount with funds that maybe be used for other important things like feeding and family upkeep. I know of many gamblers who are just keen on the fact that they could earn money through their gambling habits, and some of them even go as far as loaning money just for the sake of betting and hoping that it turns out well for them but gambling we all know is something that's never certain especially when it comes to evaluation of winnings so they sometimes end up chasing that initial money they used and then end up even losing more.

Making jokes with bets could lead to a heated argument or even worse than that and that was proven in real life scenario here in my place that ends up for the gambler very badly. When dealing with gambling and placing bets we should be like a man of his word so things will be fun and peaceful other than that I think we are just looking for trouble.

This is serious and any gambler that is practising this can only be termed Addicted and Irresponsible above all other things else. Gambling is not what we should take for a do-or-die affair, it should be voluntarily and enjoyed by the right minds for it. But the moment you know that you are not fitting for gambling, just quit it, or else, you will have yourself to blame in the long run. You can imagine someone betting his salary on gambling, or someone betting against his property just because they want to bet? That is preposterous and annoying, it should be frowned against in the society. Those who are agreeing to the terms of people betting on their properties or using them as collateral are even wicked in my opinion, because if I were the operator or the agent, I would rather reject that offer and offer some psychological help to the person. This is possible for me because everything is not about the money or taking advantage of the situation of the person but show sympathy and impact in the humanitarian aspect of life.

Before I go, let me say a few words of advice. Any bettor that is taking it to the extreme should retrace their steps, it is not worth it and it shows clearly that they are already Mad even if they do not realise it yet. I see these things you iterated above as absurd and anyone doing absurdity can't tell me they are well. They could be well physically, but truly psychologically, they are simply unwell, and they need to take care of that before it is late. Those people in this stage may not even need to deceive themselves with some kind of self-help anymore as it is obvious that they have crossed the red line already. They rather need professional help before something worse than losing their money happens to them.

When we get together with friends, we don't have to discuss gambling but just chat. Maybe another time we'll gamble together but never make silly bets. If one of us joked about risking his salary, one of us would remind him.

We didn't need to take risks by joking like that. This can affect other friends because not everyone can accept jokes from other people. We should take care of each other's feelings and not joke around by making silly bets.

Placing bets like that can negatively impact our friendships. Because of a silly bet, we can risk losing close friends. We also have to be able to position ourselves when we are hanging out with friends and try to maintain our friendly relations with them.

Such kind of betting can be risky you know? There might be a point where one of your friend may decide that he must collect what he ahs won in the bet, which means he is taking it too serious and not a joke anymore. Bets involving friendship turn out into a fight and serious argument. I have seen a scenario where two friends had a bet on something and when it was time to for the winner of the bet to take what he won. The other was like it was a joke and we weren't serious about it. Meanwhile the one who won the bet wants to take his trophy without any excuse. This resulted to a serious fight and that was the day the friendship ended. My advice to such cases is if they want to bet on something based on friendship they should make the intentions open that whoever wins or losses no one is taking the trophy. And that is only but a joke bet to see who would win, no trophies attached.

If there is nothing to ensure that whosoever loses in a bet pays, then you can't really call it a bet, because the loser may end up not paying or decide not to do what they said that they would do.

Just as you deposit your money into a casino and stake it, with the casino taking custody of the money until you get the outcome of the bet, that is the same way friends must find a way to escrow the money staked amongst themselves, before going into a bet with one another.

The real idea of placing a bet or gambling suggests that a price must be paid and a price must also be won or lost. If some bets on something where the person that was bet against is not going to win or lose anything, then it cannot be classified as a real bet. 

If you have heard about the game, "truth or dare, " where someone is being dared to do something, it doesn't really matter if it's only one person who stands to benefit from the dare. That game can not be classified as a true gambling.

 Take, for example, someone who dared you to do something and offered to pay you a price: "I dare you to kiss her and you will receive $20." And you were unable to kiss her, which means you will not win the $20, but even if you don't kiss her, you will not still pay any price to the person who dares you because it was just a one-sided bet that was only initiated by him. That not true gambling.

In a different scenario, take, for example, that you told your friend that you could kiss a particular girl, and your friend disagreed with you, saying that you could never do it, so you both decided to place a bet of $20 on each of you, which means if you succeed in kissing the girl, your friend will pay you $20, but if you don't succeed, you will pay him $20. That's a typical example of a real bet. 

I can clearly relate to what you are talking about, it reminds me during I passed out of from the high school and I and some friends engages on dares about approaching older girls passing by, we usually bets with what is affordable that who could have the gut of approaching the girl will take the stake.

Also as when we goes into an argument that seems never to be agreed, everyone believes they are right and to put it up on a tension, we subjects to get on the bottom line to the core to the reality point after a bet would be placed.
One would so much believe that he is on the right track and could bet his valuable such as phone that .... Ok, if I do not get this right as we ventures to find the truth, let me loose my phone. He is just being ignorant that he may loose his valuable and even winning the argument he would still not win any reward.

If things were to ever go legal in such cases, afaik it's usually legal? There's a concept in law afaik about verbal promises iirc. As long as proof is provided I think it'd be enforceable if the other party wanted to? Don't take my word for it though. I did learn it from a lawyer from YT (yes, he's a real lawyer) but it may differ across countries.

As for OPs example, I don't think there's anything bad with that? Some of the things we end up in life in result in dumb decisions. If the woman was THAT offended by it then idk, that's on them. Personally wouldn't be offended. Heck, I'd even be happy since that bet was the start of a relationship.

The news linked in the op about the virgin woman whose husband made a bet about her virginity is beyond the limits of common sense, indeed, although it has little to do with the topic on the enforceability of the bet depending on the moment and tone in which it was made.

Regarding this, the topic is a classic in civil law, and the different systems in comparative law approach it in similar ways although with some nuances of differentiation. In most countries the intention is key to know whether the bet can be taken as firm, but as intention is an internal process of will that is not always knowable, the tone and circumstances in which it is formulated are also taken into account to protect the expectations of the other bettor in good faith.

As each case has unique nuances, it must be studied case by case.

The limits and common sense of the bet depends on both  your ability of figuring out and gambling  itself involved.  For instance, the success of the  bet on any sport event  supposes the knowledge on the vast surrounded data (depending on the type of event) while craps is almost absolutely free of figuring  but requires some  skills to roll dice which help you gain at edge when playing inside gambling shop.

That's true; in my opinion, nine times out of 10, the only intent is to joke around. No one in their right mind would laugh or enjoy seeing their friend actually lose money, unless you're a psychopath who enjoys seeing others suffer. To be honest, I haven't experienced it myself, but I understand where the OP is coming from. It would be a pretty dick and irresponsible move to persuade your friend to bet a large amount of money and then not proceed to stop them if things get out of hand, such as when alcohol is involved. Honestly, both parties are at fault in such incidents, and the one making the bet is the only one in power and shouldn't be influenced by foolish joking around.

Remember, bets with too good to be true reward or return should be avoided, especially if they came from a friend, because it will only make the bet less valid because betting and staking salaray, or an important asset of a person, is sometimes a bullshit. I mean, for sure, some gamblers who bet on that in the end, if they lose, will take back what they said and will cause a conflict with the other friend. I also have those experiences where, in my circle of friends, we always do bet in NBA matches, especially finals, and sometimes the amount is huge and we dont have any problem until one of our friends stakes a huge amount of money, which seems too good to be true, and he loses, but he withdraws his stake and says that it was a joke. After that incident, we never let that one friend participate in our bets because he is not a man of a word.

These are jokes at best, not done in a serious mode. But if there is a legal binding involved such bets can be made valid and made to stand. However most people are who making such absurd wagers are joking and most of the time they will not go forward with such propositions.

These type of situations need to be avoided by the diligent person, keep your wits to yourself, talk less and dont argue with people who seem unreasonable. Trying to prove yours is bigger than others only leads to bad situations.

There are individuals that are very quick to place bet on a matter that should have ended as a simple conversation and when it's time to pay what they've hastley agree to pay  if things goes a certain way, they starts lamenting as though they were forced to make such bets. It's mostly common among children and some adults that haven't accepted to man up to the reality that they have outgrown certain practices.

Betting with your salary is totally stupid and there is no need to sugar coat it. The reason why it's deficult to hold the person that agreed to a bet  in an instances when he refused paying is basically because there isn't a written agreement between the two as to  the irrevocability of the agreement as is in the case with our regular online bets. I've seen countless number of people that have made such bets but it always doesn't end up well so it's generally not worth the time and energy.

You're right, there's no limit to how much a gambler can bet with but a reasonable person should know their limits and bet with what they can afford to lose, for instance I can't go beyond betting with 10% of my income and anything beyond that, I see it as spending recklessly even when I win I normally withdraw about 70-80% of my profits and leave the remaining to bet with some other time.

 The gambling companies won't he held responsible if any individual bet with all their funds and lose everything, several individuals have made such mistake by refusing to set limits and bet with only what they can afford to lose and when they've lost it all you'll see them getting all emotional. Gambling is very risky but out of greed many individuals keep making mistakes that's made them lose big fund.

When someone says something like "I'll bet my salary on it!, I'll bet my house on it, or I'll bet my life on it." I don't take all of this seriously. I know it's a foolish joke or just because someone is being dragged by his own hype.
But, if someone tells me that he wants to bet against me (especially now in the Finals of the NBA) and shows the money then I would take it. Most of the time they will leave their money on me and I will hold everything until the series is done.
Last year, one neighbor made a bet against me. All drinks (alcohol) and foods are on him if ever the Nuggets win but if the Miami Heat wins it's all on me. I accepted that because it was a serious discussion and we shook our hand on it. He said it was just to make the game more exciting while we watched it and to cheer more for our preferred teams.

Basically there is nothing that limits how much money we can spend on gambling or betting, it's just that maybe in some casinos there is a deposit limit and we can deposit more money to make the bets we want, but it's true what you said we are the ones who determine the limit ourselves, Because it is our own money and we will accept the risks of the bets we make, and of course thinking that we are responsible for any decision we make is a mindset where we should not spend money that we cannot lose in the casino, because it will have an impact on our mindset that will chase defeat and eat more money lost which ends in addiction.

The size of the ability is very important in terms of betting, adjusting to what we have and what we can risk in betting is a wise thought, do not take steps what we cannot accept the consequences otherwise it will destroy our lives, but what if lucky? yes if we get lucky maybe it will be a great thing but the risk is very bad if we don't have that luck.