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Author Topic: What are the limits and common sense of bet?  (Read 475 times)
goaldigger
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May 24, 2024, 09:52:14 PM
 #21

      -     The question is, what does making a bet do to a casino gambler? Of course the player's mind in a casino is to win, and when they win they have money that can be withdrawn when it accumulates a large amount.

And it also depends on what type of game in the casino and usually it is sports games, poker and others where someone often gets a jackpot prize in casino gambling. Right?
Or maybe they are able to bet because it gives them full satisfaction.
They bet on purpose and if you are into gambling, winning can give you more satisfaction though some gamblers even if they lose the money they are still satisfied because they have a different purpose in gambling and probably its more about entertainment. Gamblers have to set limits on their own as they gamble within the limit and if you want to be more safe from addiction, better not to be greedy and stay on your purpose and target.

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May 24, 2024, 09:55:28 PM
 #22

      -     The question is, what does making a bet do to a casino gambler? Of course the player's mind in a casino is to win, and when they win they have money that can be withdrawn when it accumulates a large amount.

And it also depends on what type of game in the casino and usually it is sports games, poker and others where someone often gets a jackpot prize in casino gambling. Right?
Or maybe they are able to bet because it gives them full satisfaction.
They bet on purpose and if you are into gambling, winning can give you more satisfaction though some gamblers even if they lose the money they are still satisfied because they have a different purpose in gambling and probably its more about entertainment. Gamblers have to set limits on their own as they gamble within the limit and if you want to be more safe from addiction, better not to be greedy and stay on your purpose and target.
everyone who is into gambling knows that they advantages of gambling is more of lesser than they disadvantages because any Gambler knows that opportunity of gambling winning cannot come always so there is every possibility for you to lose in your seven game you bet and the no one you can win so they decide to take anything that come across both winning and the losing and gambling as a challenge
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May 24, 2024, 10:19:49 PM
 #23

Every gambler has his level of responsibility when it comes to Gambling activities and often times, that level of responsibility is measured by how they stake coupled with how much time they attribute to making bets and engaging in gambling activities. In gambling the common sense I would attribute this post to discussing about is actually that of being able to properly manage your stakes as a responsible gambler during Gambling activities.
This is because if you observe closely gambling addicts are classified as addicts mainly because of their inability to economically manage their funds during bets. Therefore most of them end up staking irresponsibly. As responsible gambler should stake what he can afford to lose not important funds like his salary or income earnings.

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May 24, 2024, 10:27:21 PM
 #24

Lol I think you're taking this type of bet a little too seriously.  I think we've all made all sorts of crazy nonsensical bets over the course of our lifetimes, I sure know I have.  At this point in time, one of my friends always jokes that he owes me an entire cow because we've bet so many steak dinners that he's lost, and that I've never collected on ( I'm a vegetarian now so there's no way I'm ever going to see a payout of those bets lol).

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May 24, 2024, 10:38:15 PM
 #25

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...
The limits of these sorts of bets are determined by the parties involved, And depending on what the limits are, is what will determine if it's a serious bet or not. For instance imagine me betting to remit the sum of $100 million to a friend for a bet when me and him as well knows that I do not have that kind of money available to give to him even if I end up losing.

can the person who would "win" the bet force the friend who made this childish bet?
The way we used to do this then was that we have someone who would serve as a middleman to hold what we have bet with before we started playing the game. The job of this middleman was to give what we have bet to whichever party wins because we knew the reluctance a loser will have to give out what he has bet after he looses. So to avoid that, the middleman functioned very fine.

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May 24, 2024, 10:42:40 PM
 #26

But now, what if a person bets something in a joking tone (e.g. betting on his salary) and a conversation that was supposed to be a joke ends up becoming hysteria, where the man may have said that because he was drunk or was naturally exalted due to the heat of the moment... remembering that in this example, he bet his salary, and if he won he would not win anything from the person he bet against (he just wouldn't give the salary to the opponent who would receive the bet...), can the person who would "win" the bet force the friend who made this childish bet?
The thing is, it will be based on the friends involved in the game, as we need to remember that the game was carried out between two friends who know each other very well, and there was no written agreement on how the game will be settled if one person wins the game and the other wants to disagree.
 
Some friends will easily remit the money to whoever won it, but some will drag it along, saying they never made such a bet, knowing fully well that there is concrete evidence against them.

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May 24, 2024, 11:22:23 PM
 #27

Today I'm going to address a slightly more serious subject. Do you know these meaningless bets? What do people usually do in circles with friends?

Children's bets like: you can't do it (any random action within the context and environment), I'll bet my salary...

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?

But now, what if a person bets something in a joking tone (e.g. betting on his salary) and a conversation that was supposed to be a joke ends up becoming hysteria, where the man may have said that because he was drunk or was naturally exalted due to the heat of the moment... remembering that in this example, he bet his salary, and if he won he would not win anything from the person he bet against (he just wouldn't give the salary to the opponent who would receive the bet...), can the person who would "win" the bet force the friend who made this childish bet?

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...

Or as long as everything was done in a contract that such unusual types of bets would be worth?

You can use as a source of argument, this news that I will leave linked here.

In the examples below, the news that a man bet that he would take the virginity of a religious woman, ended up marrying her because he fell in love in the process, but a friend let it slip that this was the result of a bet between co-workers, the what do you think about that?



https://www.metropoles.com/vida-e-estilo/mulher-descobre-que-marido-fez-aposta-para-tirar-sua-virgindade

https://extra.globo.com/noticias/page-not-found/homem-viciado-em-apostas-perde-mulher-em-jogo-ela-estuprada-por-um-grupo-24798954.html

A man's code of honor requires him to give whatever he has put at stake should he lose on a game, regardless of if whether it was a joke, or if it wasn't. People who grew up to "it was just a joke man" end up having no cajones nor the trust of their friends when it comes to these things. Why? Cause they pull back on whatever they have put at stake soon as they realize they aren't going to win in it. That makes for a bad game and an overall bad experience for everyone involved.

So yeah, even as a joke, even if the kids are involved, if a bet was placed on the line, everyone must respect the rules of the game and no one shouldn't intervene (unless extreme events occur thereof of course) this teaches the kids some form of responsibility, as they know that whatever they put in the line, they have a real chance at losing and they must respect it whatever happens.

As for your example, it's a fucked up bet, it's a stupid bet, but it's a bet regardless, whatever happens between the married couple are for them to divulge upon, but it has to be said that they made a bet, a fucked up bet at that, that they have to respect. 

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May 25, 2024, 01:44:05 AM
 #28

 Generally, bet or betting are done between two parties and based on my point of view, considering betting in terms of your naratives I will  categorized it in two ways,
1. Betting in an occasion of or interms of where the two parties involved will have something to win or loss as a prize.
2. Betting in an occasion of or interms of where only one among the parties will have something to lose as a prize, there are senerio cases where there can be so much believe about the possible outcome of an event.

I would say that betting has no limits and the only common sense about betting is justification of self believe, you only bet on what you believe in terms of having possible outcome, be it a joke or in real time.

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May 25, 2024, 02:50:14 AM
 #29

I love the fact that while making the post you mentioned "useless" because from my own perspective it's absolutely an irrational act to involve oneself in a bet that might end up ruining your life or reputation but some silly shit.

At some point I thought of some of the above mention scenario as a challenge not necessarily bet because at the end the opponents doesn't stake anything and the staked thing (salary as used by OP) is just a bait to get the person in action although it turns out to be a very stupid behaviour.


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May 25, 2024, 08:04:46 AM
 #30

There are no limits how much money we can use to place a bet but we must realizes that we should determine by ourselves. We don't have use much money to place a bet because we knows the risks and consequences of placing a big bet which will makes us lose much money. We must prevents that if we can't accept the outcomes later so we just place some money and wait for the outcomes. If that's related to my salary, I will allocates some small amount that I can use as my budget to playing gambling and I will not breaks my limits and always trying to remember my limitations. When some friends asks us to place a big money more than we usually use, we can refuse it and will stick to our limits so we don't have to lose much money. We must responsible with our money and not placing the big bet.

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May 25, 2024, 08:15:14 AM
 #31

There are no limits how much money we can use to place a bet but we must realizes that we should determine by ourselves. We don't have use much money to place a bet because we knows the risks and consequences of placing a big bet which will makes us lose much money. We must prevents that if we can't accept the outcomes later so we just place some money and wait for the outcomes. If that's related to my salary, I will allocates some small amount that I can use as my budget to playing gambling and I will not breaks my limits and always trying to remember my limitations. When some friends asks us to place a big money more than we usually use, we can refuse it and will stick to our limits so we don't have to lose much money. We must responsible with our money and not placing the big bet.
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.

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May 25, 2024, 08:22:43 AM
 #32

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.

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May 25, 2024, 08:53:32 AM
 #33

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.

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.

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May 25, 2024, 09:06:24 AM
 #34

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.

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May 25, 2024, 09:17:49 AM
 #35

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.

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May 25, 2024, 09:38:21 AM
 #36

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.
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.

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May 25, 2024, 09:43:29 AM
 #37

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.
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.

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May 25, 2024, 09:56:06 AM
 #38

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.

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May 25, 2024, 10:02:32 AM
 #39

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.

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May 25, 2024, 10:18:36 AM
 #40

~
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.

R


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