Losing $350,000 because of a friend, what would you do?

[jostorres]

It is not ideal to make an all-in with a one-pot game because its just an all-or-nothing game and we know the possible odds with the game mostly with this kind of game, at the end get the courage and make a risky still decision of the player to make it with this large amount it will really test your friendship if you will make it continue or not well if you decision will become tough because its a battle against friendship vs the money situation and trust is really the big deal.

I think that was the motto of most gambler. It is better for them to go home empty than winning only small amounts so they just bet huge and accept if it's a loss. There is no need for them to stay longer inside the casino because they will do other important things. In the story it is said that the bettor is winning but the wins are cut off because of a concerned friend but I don't really know if he is truly concerned or he is only tripping.

This is disappointing in the side of the bettor and incidents like this can potentially end a friendship. I know it sounds selfish and inappropriate but there are really people who can value the money more than anything else.

[Fivestar4everMVP]

It is not ideal to make an all-in with a one-pot game because its just an all-or-nothing game and we know the possible odds with the game mostly with this kind of game, at the end get the courage and make a risky still decision of the player to make it with this large amount it will really test your friendship if you will make it continue or not well if you decision will become tough because its a battle against friendship vs the money situation and trust is really the big deal.

I think that was the motto of most gambler. It is better for them to go home empty than winning only small amounts so they just bet huge and accept if it's a loss.

This is heavy, and the question now would be, isn't this a bad gambling habit?.
Less say for example, a gambler with this mindset and attitude towards gambling keeps betting huge amount of money and keep going home empty everyday for atleast a week, this is not easy way into depression?.
I am not a professional gambler and might likely never know what it feels like to be one, but morals teach us to always gamble with funds we can afford to loss on daily, weekly or monthly basis, though many other times, greed has pushed many of us into gambling away far more than we can afford to loose all because we wanted to hit it big, but eventually lost all and end up struggling to cope with the loss - this is coiled from my personal experience.

Such a motto is a wrong motto is you ask me, I would rather go to the casino with an amount I can afford to lose-(learnt in the hard way), and if I must not return home with big amount, then let me return with small amount instead of returning with absolutely nothing.

[l3pox]

It is not ideal to make an all-in with a one-pot game because its just an all-or-nothing game and we know the possible odds with the game mostly with this kind of game, at the end get the courage and make a risky still decision of the player to make it with this large amount it will really test your friendship if you will make it continue or not well if you decision will become tough because its a battle against friendship vs the money situation and trust is really the big deal.

the only situation where it'd make sense, imo, is risking it all IF you make a fixed risk bag, usually smaller than 2% of your total money available to gamble
so you'd risk a really low amount

I know, way different than going all in

but avoiding ruin is a must.

[bitgolden]

It is not ideal to make an all-in with a one-pot game because its just an all-or-nothing game and we know the possible odds with the game mostly with this kind of game, at the end get the courage and make a risky still decision of the player to make it with this large amount it will really test your friendship if you will make it continue or not well if you decision will become tough because its a battle against friendship vs the money situation and trust is really the big deal.

I think that was the motto of most gambler. It is better for them to go home empty than winning only small amounts so they just bet huge and accept if it's a loss. There is no need for them to stay longer inside the casino because they will do other important things. In the story it is said that the bettor is winning but the wins are cut off because of a concerned friend but I don't really know if he is truly concerned or he is only tripping.

This is disappointing in the side of the bettor and incidents like this can potentially end a friendship. I know it sounds selfish and inappropriate but there are really people who can value the money more than anything else.

I do agree that it wouldn't be an easy thing to "accept", it's something you just have to live with, what are you going to do put a gun to their heads and ask for the money? You just have to move on, but emotionally you would be damaged afterwards even if you just carry on with your life.

You will live all your life thinking what would have happened if you just hold it, or kept looking at it and not allow your friend to do something like that and so forth. I mean even in the USA that type of money is a lot.

If you bought a house for about 80k, that house would generate at least 700-800 dollar rent, probably a bit more but lets take the taxes out, that means you could have bought 4 houses with that money, which means about 3-4k income give or take per month, making it about 35-50k range per year, after taxes, that's insanely good income if you also have a job, that means you will life a very comfortable life.

[Pamadar]

I agree, even if it may seem to be too strict it is never a good idea to mix your friendship with a business venture as it often leads to all kind of trouble, now if both friends can separate their feelings and be as professional as possible then there may be a chance to make this work, but there is not a lot of people which can detach themselves so easily from their feelings, so a situation like the one is mentioned here in most cases will destroy the friendship as the confidence will be lost among the two former friends.

It ruined the relationship and even it was a honest thing that being done, the relationship will be the same. Maybe they can settle but trust issue will always be there to hunt one another.

Though there are people who can work it out and bring things to solve it the right way
and not dwelling to that same case or issue, but moreso there are many that will keep
that same situation and will continue to live with it.

[cabron]

^
Okay just to follow up on this topic after all we are all in this discussion anyway.

Which one would you prefer?

• Losing money because unintentionally your friend does something like removing it on the black 15
• Or losing a friend because he bet the amount without consulting you?

[AicecreaME]

^
Okay just to follow up on this topic after all we are all in this discussion anyway.

Which one would you prefer?

• Losing money because unintentionally your friend does something like removing it on the black 15
• Or losing a friend because he bet the amount without consulting you?

I'd rather lose a so-called friend rather than losing my hard earned money. Because if someone really considers you as a true friend of theirs, they will not do anything that will upset you or frustrates you despite knowing it. They will respect your decision and will not cross the boundary to showcase their disrespect. Instead of getting your money and betting it on something else without properly asking your permission, a true friend will ask you if you want advice or not and base from your answer, he will suggest you a better option or choice he knows. But will not really impose his beliefs on you to control or manipulate you.

It should be a common knowledge already to not meddle if it's not your business to begin with. A person must know his limitations in being involved in someone else's lives. Otherwise, trouble will really arise.

[ethereumhunter]

^
Okay just to follow up on this topic after all we are all in this discussion anyway.

Which one would you prefer?

• Losing money because unintentionally your friend does something like removing it on the black 15
• Or losing a friend because he bet the amount without consulting you?

Losing money is better than losing friends. But it would be a different story if we could not trust our friend and it would be better to lose him than lose money because of his attitude. But if he accidentally made a mistake, we can forgive him because everyone makes mistakes. And hopefully, after we forgive him, he can be better than before and not make mistakes again. Friendships sometimes do often experience cases like that and this makes us have to be wise in reacting to it.

[l3pox]

^
Okay just to follow up on this topic after all we are all in this discussion anyway.

Which one would you prefer?

• Losing money because unintentionally your friend does something like removing it on the black 15
• Or losing a friend because he bet the amount without consulting you?

Losing money is better than losing friends. But it would be a different story if we could not trust our friend and it would be better to lose him than lose money because of his attitude. But if he accidentally made a mistake, we can forgive him because everyone makes mistakes. And hopefully, after we forgive him, he can be better than before and not make mistakes again. Friendships sometimes do often experience cases like that and this makes us have to be wise in reacting to it.

I agree here that friends are more important than money
just adding a small caveat: make sure your friends are really your friends.
similar to love, it's not always the case that a relationship is mutual

[safari88]

There are several risks associated with gambling. I wouldn't trust people so easily with such amounts. It's a lot of money. If you do want to gamble, I wouldn't involve other people in your area unless you are very sure that you can trust those people. But you do hear more strange things about situations like that, only the amounts are considerably smaller. When it really comes to a lot of money, there are ultimately very few people you can trust. Hopefully it will still turn out well in this story, otherwise it would have become a real financial catastrophe.

[stomachgrowls]

^
Okay just to follow up on this topic after all we are all in this discussion anyway.

Which one would you prefer?

• Losing money because unintentionally your friend does something like removing it on the black 15
• Or losing a friend because he bet the amount without consulting you?

Losing money is better than losing friends. But it would be a different story if we could not trust our friend and it would be better to lose him than lose money because of his attitude. But if he accidentally made a mistake, we can forgive him because everyone makes mistakes. And hopefully, after we forgive him, he can be better than before and not make mistakes again. Friendships sometimes do often experience cases like that and this makes us have to be wise in reacting to it.

I agree here that friends are more important than money
just adding a small caveat: make sure your friends are really your friends.
similar to love, it's not always the case that a relationship is mutual

Important than money but not all would really just afford and let his friend would do such thing specially that we are talking about $350k which is something that you cant just let it slip away.

It might not really that a big amount for other people but this is indeed already life changing for some which you cant just let others do mess it up and dont make it happen.Its unrealistic somehow

because once bets had been placed then there's no way that there would be alteration or changes on mid-way which it would really be in their negligence or their fault
in case it did really happen.You could really make out complaints or contest it out if there would be argumentations in  this regard.

[l3pox]

^
Okay just to follow up on this topic after all we are all in this discussion anyway.

Which one would you prefer?

• Losing money because unintentionally your friend does something like removing it on the black 15
• Or losing a friend because he bet the amount without consulting you?

Losing money is better than losing friends. But it would be a different story if we could not trust our friend and it would be better to lose him than lose money because of his attitude. But if he accidentally made a mistake, we can forgive him because everyone makes mistakes. And hopefully, after we forgive him, he can be better than before and not make mistakes again. Friendships sometimes do often experience cases like that and this makes us have to be wise in reacting to it.

I agree here that friends are more important than money
just adding a small caveat: make sure your friends are really your friends.
similar to love, it's not always the case that a relationship is mutual

Important than money but not all would really just afford and let his friend would do such thing specially that we are talking about $350k which is something that you cant just let it slip away.

It might not really that a big amount for other people but this is indeed already life changing for some which you cant just let others do mess it up and dont make it happen.Its unrealistic somehow

because once bets had been placed then there's no way that there would be alteration or changes on mid-way which it would really be in their negligence or their fault
in case it did really happen.You could really make out complaints or contest it out if there would be argumentations in  this regard.

it's much easier to decide and see through situations after they happened than predicting it
I think this is one of these cases
we don't know what the people involved in the situation felt or thought while it was happening

tricky

[len01]

^
Okay just to follow up on this topic after all we are all in this discussion anyway.

Which one would you prefer?

• Losing money because unintentionally your friend does something like removing it on the black 15
• Or losing a friend because he bet the amount without consulting you?

if it happened to me and it was done by accident, i would prefer to take the middle road.
so I'm going to consult my friend and ask to return half of what he had accidentally gambled. but if he can't return half of the total bet, I will provide a solution to return as much as he can.
so I choose wiser in dealing with cases like that. because good friends are harder to find and more valuable.
all of that is not because I pretend to be wiser, but not just because of gambling and money we lose our friends.


anyways it was done by accident and we don't have to judge our own friends by accident

[virasisog]

He particularly chose Black 15 for $10K on roulette which he could have won $350,000 but a friend took the $10K and replace a safer bet. I know this is likely not to happen in real life. But let's say it did. What would you do?

https://www.youtube.com/watch?v=fT4GcK6Dpkk
I was trying to look for Kevin Hart movies on Netflix so I found one. Turns out one scene is an unsatisfying win.

******
Update because the discussion continues to https://bitcointalk.org/index.php?topic=5419774.msg61393679#msg61393679

As much as possible, don't gamble with your friends that have a different view than you do because they will influence you to create a different decision which is against your will and you would end up blaming them if the result fails. You better gamble alone so you can focus on what you want to achieve. Always keep in mind that anything that involves money can ruin relationships especially when it comes to gambling.

[cabron]

^
Okay just to follow up on this topic after all we are all in this discussion anyway.

Which one would you prefer?

• Losing money because unintentionally your friend does something like removing it on the black 15
• Or losing a friend because he bet the amount without consulting you?

if it happened to me and it was done by accident, i would prefer to take the middle road.
so I'm going to consult my friend and ask to return half of what he had accidentally gambled. but if he can't return half of the total bet, I will provide a solution to return as much as he can.
so I choose wiser in dealing with cases like that. because good friends are harder to find and more valuable.
all of that is not because I pretend to be wiser, but not just because of gambling and money we lose our friends.

anyways it was done by accident and we don't have to judge our own friends by accident

When you confront a friend in returning half the amount, it's more than likely that you can crack this friendship to pieces. Or even if he agrees to send you half the amount, would you expect the friendship will still be the same?

One thing that I have seen in people is when they already have a family of their own, they wouldn't care much about people anymore even a best friend or a family member but thier family. Maybe it varies on the kind of person you are.

[ethereumhunter]

^
Okay just to follow up on this topic after all we are all in this discussion anyway.

Which one would you prefer?

• Losing money because unintentionally your friend does something like removing it on the black 15
• Or losing a friend because he bet the amount without consulting you?

Losing money is better than losing friends. But it would be a different story if we could not trust our friend and it would be better to lose him than lose money because of his attitude. But if he accidentally made a mistake, we can forgive him because everyone makes mistakes. And hopefully, after we forgive him, he can be better than before and not make mistakes again. Friendships sometimes do often experience cases like that and this makes us have to be wise in reacting to it.

I agree here that friends are more important than money
just adding a small caveat: make sure your friends are really your friends.
similar to love, it's not always the case that a relationship is mutual

That's why we have to find a friend who can be a friend because nowadays we have seen many friends who are only "friends" when we are happy and leave when we are having a hard time. It's not a "friend" who can be used as a friend because a friend will be by our side, supporting us when we are down and feeling happy when we are happy. If we have found it, we must really maintain our friendship with him and if there is a problem, we should discuss it to find a solution. And if he does something wrong by mistake, we should be able to forgive him and still accept him kindly.

[milewilda]

^
Okay just to follow up on this topic after all we are all in this discussion anyway.

Which one would you prefer?

• Losing money because unintentionally your friend does something like removing it on the black 15
• Or losing a friend because he bet the amount without consulting you?

Losing money is better than losing friends. But it would be a different story if we could not trust our friend and it would be better to lose him than lose money because of his attitude. But if he accidentally made a mistake, we can forgive him because everyone makes mistakes. And hopefully, after we forgive him, he can be better than before and not make mistakes again. Friendships sometimes do often experience cases like that and this makes us have to be wise in reacting to it.

I agree here that friends are more important than money
just adding a small caveat: make sure your friends are really your friends.
similar to love, it's not always the case that a relationship is mutual

That's why we have to find a friend who can be a friend because nowadays we have seen many friends who are only "friends" when we are happy and leave when we are having a hard time. It's not a "friend" who can be used as a friend because a friend will be by our side, supporting us when we are down and feeling happy when we are happy. If we have found it, we must really maintain our friendship with him and if there is a problem, we should discuss it to find a solution. And if he does something wrong by mistake, we should be able to forgive him and still accept him kindly.

Even if  you are a real friend then you dont actually need to be that too protective which it do really end up on the sense that you are trying out to change bets of your friend while he's playing.
It is really crossing out on the boundary when it comes to friendship, as a true friend then you wont really be making such thing and you wont really be doing things which would be potentially
be able to break that friendship of yours because even we do say that friendship is indeed strong and cant be broken up but when in speaking with money
and specially if its something big then you cant really make out that kind of assurance.

[len01]

^
Okay just to follow up on this topic after all we are all in this discussion anyway.

Which one would you prefer?

• Losing money because unintentionally your friend does something like removing it on the black 15
• Or losing a friend because he bet the amount without consulting you?

if it happened to me and it was done by accident, i would prefer to take the middle road.
so I'm going to consult my friend and ask to return half of what he had accidentally gambled. but if he can't return half of the total bet, I will provide a solution to return as much as he can.
so I choose wiser in dealing with cases like that. because good friends are harder to find and more valuable.
all of that is not because I pretend to be wiser, but not just because of gambling and money we lose our friends.

anyways it was done by accident and we don't have to judge our own friends by accident

When you confront a friend in returning half the amount, it's more than likely that you can crack this friendship to pieces. Or even if he agrees to send you half the amount, would you expect the friendship will still be the same?

One thing that I have seen in people is when they already have a family of their own, they wouldn't care much about people anymore even a best friend or a family member but thier family. Maybe it varies on the kind of person you are.

no, that's not going to happen.
because from the start I said I would take steps to consult or discuss with him (my friend) to approve or not regarding the return.
if indeed my friend can't give me the full $350k I will offer to refund half. but if he really can't give me half back, I'll take it a step further to give up my $350k for friendship. ruining friendships over money while gambling is really bad for me.



gambling is only for entertainment, it is not good if we lose friends just because of money and gambling. IMO

[erep]

but if he really can't give me half back, I'll take it a step further to give up my $350k for friendship. ruining friendships over money while gambling is really bad for me.

Noted, I appreciate you if this case happened in the real world because giving up a loss of $ 350k is very ironic but if the loss is only $ 350 it doesn't matter to me, but holding him responsible for his mistakes does not include destroying friendship, but he must be responsible for what he did and although in the end it may only be necessary that half of the losses have to be paid.

[Fortify]

He particularly chose Black 15 for $10K on roulette which he could have won $350,000 but a friend took the $10K and replace a safer bet. I know this is likely not to happen in real life. But let's say it did. What would you do?

https://www.youtube.com/watch?v=fT4GcK6Dpkk
I was trying to look for Kevin Hart movies on Netflix so I found one. Turns out one scene is an unsatisfying win.

******
Update because the discussion continues to https://bitcointalk.org/index.php?topic=5419774.msg61393679#msg61393679

This line of thought is similar to other gamblers fallacies like "I've put so much money into this game the next bet has to be a winner". No it doesn't, in most situations every single bet is independent than any previous or future bets, yet some people trick themselves into believing that somehow the casino owes them a payout. People are terrible at estimating the correct odds and if he wanted to throw away money then he should of had the conviction to make his own choice instead of relying on the guess of someone else. That bet had a 3% chance of paying off, so he would have lost that 10k 97 times out of every hundred times he attempted it in when looking at averages.