What are the limits and common sense of bet?

[EluguHcman]

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.

[Dr.Bitcoin_Strange]

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. 

[Coyster]

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.

[Dailyscript]

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.

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.

[michellee]

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.

[EarnOnVictor]

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?

-snip-
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?

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.

[0t3p0t]

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.

[DaNNy001]

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.

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.

[Zigabel]

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?

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.

[Hispo]

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.

[Yatsan]

A gambler could bet any amount as long as the opposing bettor would allow it and that depends on the agreement. An opposing gambler won't allow such thing if he knows that the other won't be able to pay it in return. There are just times that bets could be unrealistic but an agreement between two parties, is an agreement. However,  this isn't a good practice. This could yield to instances that you would bet an amount you borrowed simply because you don't care that much with realistic bets. Then if things will be consistent, huge dent is expected.

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.

If things won't be avoided then yes this could spark an argument given that the opposite bettor will be expecting an exchange to  what he risked his money for.

[decodx]

You know those silly little bets we made as kids, like I bet you can't climb that tree! It was never really about money or anything, just bragging rights.  As adults though, it gets more complicated when the stakes are higher and  even if you're just joking around.

Like say you get caught up in the moment watching a game with your buddy.  You bet your whole salary on something crazy happening - not thinking he'll actually hold you to it if you lose! But legally, could he make you pay up? Im guessing it depends on your local laws and the specifics and all.

Anyway, my advice is to keep it light with bets.  Don't let things escalate too far just because you're feeling cocky.  Otherwise you might end up learning the hard way where that legal line in the sand is drawn!

[slapper]

Common sense informs you that a joke bet, such betting your entire paycheck while laughing with friends or after too many beers, isn't a bet. A jest for enjoyment. Since there's no intent to form a contract, it may be unenforceable. However, it goes deeper. It's about human interaction and silent social norms. Society would be anarchy if every off-the-cuff comment was a commitment. What about the individual who tries to collect on an exaggerated bet in the heat of the moment? The law is no longer important; what it says about him and society is. It violates respect and agreement

Not the legality of these bets, but their wider ramifications. It's irresponsible to bet your life or an inconceivable amount of money. It violates betting's essential principle of consensual, calibrated risk with both sides potential benefit. These bets convert a little fun into a toxic debt, harming relationships and morality

[iv4n]

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...

Many people like to place bets they can't cover. I guess they are somehow convinced of their win, for all sorts of reasons, but whatever that reason may be it's wrong to gamble with money you can't afford to lose. Many people, including myself, have experience with some crazy bets, with amounts that are big for us, but that's something we can do when we are young and alone... It's the period of life when we can allow ourselves to be crazy and explore things. But as we get older our limits for gambling and doing crazy things are getting lower, I couldn't imagine myself doing something like that. The risk is huge, I have family and I wouldn't dare to risk their future because of anything, and what kind of example I would be for my kids?

[ethereumhunter]

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.

We limits ourselves when playing gambling because if we are not do that, we can lose much money without we can realizes. Many people trying to use much money but most people lose their money and can't gets it back. That's why we must have limitation when playing gambling to prevents the big lose and bankruptcy in gambling. With limiting in deposit money to playing gambling, we can saves the money from the lose while we can also enjoy the gambling games moderately. We must responsibility with ourselves and our money so we don't gets many problems because the biggest problem from playing gambling aggressively is becomes addicted to gambling.

We must knows our limits and never breaks it because that can gives an effect to our financial. It's better we playing gambling with the money we can afford to lose so we will remember that playing gambling is just for fun and nothing else. If we can do that, we don't have to worry with any effect that may occurs to us because we can takes care with ourselves.

[CODE200]

Those are nothing, there's nothing to be gained and nothing to be taken from those bets, they're not really serious about those stuff that they're saying, that's just a thing that people say to make it sound like they're serious about the dare and that they're willing to bet something that they care about just to see the dare materialize. There's of course a limit to it but we have to remember that it really doesn't matter if there is because it's not real bets. It's weird that there's people that would take this seriously, I mean it should've been obvious that it's a joke so how come that's not the case for some people? Learn to have a sense of humor if this thing irritates you.

[Hirose UK]

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.

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.

Well, that the reason, common sense will always be defeated by ambition and also the desire to get results that are truly beyond the limits of their abilities and they only think about how to win bigger and have to surpass every victory they have ever had.
In gambling there will never be gambler who is truly able to fulfill all his desires in achieving success, those who try more in various ways will ultimately be disappointed for all the efforts they have made.
But basically every gambler will never be able to understand concept like this when they haven't actually experienced bad things that make them feel like they have lost lot of things.

Moreover, gambling always offers new things in providing opportunities for big profits for gamblers and this causes them to forget how to control and set limits.
Things like this happen lot and so far there will only be bad impacts that they feel when they just gamble with crazy ambition to win.

[boty]

We limits ourselves when playing gambling because if we are not do that, we can lose much money without we can realizes. Many people trying to use much money but most people lose their money and can't gets it back. That's why we must have limitation when playing gambling to prevents the big lose and bankruptcy in gambling. With limiting in deposit money to playing gambling, we can saves the money from the lose while we can also enjoy the gambling games moderately. We must responsibility with ourselves and our money so we don't gets many problems because the biggest problem from playing gambling aggressively is becomes addicted to gambling.

Being able to limit ourselves and the bets we use to gamble is of course very good and there are some people who play gambling without being able to limit themselves and also the money they use to bet and they will of course spend more of the money they have on gambling and also will never be able to enjoy the games they play because most of them who have difficulty limiting themselves to gambling will bet greedily so that it is difficult for them to win and enjoy the bets they play.

We must knows our limits and never breaks it because that can gives an effect to our financial. It's better we playing gambling with the money we can afford to lose so we will remember that playing gambling is just for fun and nothing else. If we can do that, we don't have to worry with any effect that may occurs to us because we can takes care with ourselves.

Indeed, this is very difficult to do if they have experienced an addiction to the gambling they play and many people break it after they make these rules, gambling with money that we can afford to lose will of course be very good and we must also be able to limit it. the amount we use for gambling because if we use too much of the funds we use for gambling, of course we will become an addict too which will cause us to have financial problems.

[leonair]

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.

The gambling limit depends on the financial condition if one calculates the amount  And to set this limit on how much time you gamble, you need to think about how much time you gamble that gambling won't attract you. Because when you are addicted to gambling, gambling will not allow you to sleep properly and will not allow you to be busy with other activities. Your mind will only want to gamble. so you have to control yourself and you have to set yourself the amount of gambling to keep yourself in control.

[Frankolala]

From what I understand what is bet is, both parties involved most stake something so that whoever losses will have to miss something. If a bet is only on one person, I will not call it a bet. The casino or sport bets that we use for our staking activities have a lot of money in which we can win, and it is because of this money that is making a lot of people to gamble, because if you win, you will get paid and if you lose, the casino keeps your money. So betting only on one side shows a sign of unseriousness a joke to me because it is only the bettor that will lose. Sometimes, those kind of bets are done orally, and should not be taken as a bet. I have not involved in such game because I feel it is cheating, because I know my friends they will definitely want you to do whatever you said. Will I call such a promise or something.

Very true my dear, before anything is called a bet, they parties must mutually stake something of value to make it a bet, because one person must either win or lose something of value be it money, property or any other tangible things available. just like the casino or betting shop that you cited earlier both of them have their money to risk and that is why they cannot allow you to play without risking your money too because if you win you will go with their money and if you lose vice versa.

gambling or betting should be symbiotic in nature because that is the fun, and that is also the reason why the bettor will take it very seriously, though i have seen friends who bet orally just to have fun and probably to keep themselves busy, gambling is also fun and sweet when you stake something reasonable because the amount you have staked brings out your seriousness.

They can call it betting, but that is not betting but 'promise'. If someone said he bet with you and only you or the person has something to lose while not having anything to gain if he or she wins, you are only promising yourselves. Betting means someone has to lose. There are two opponents that bet, there most be a loser and a winner. The winner takes the money of the loser while the winner also risked his or her own money.

Excellent answer guys, when only one side has to lose, why should we call it a bet, given that in a bet, it must be something agreed between the pairs involved and both one and the other need to agree to bet something of value?

Now, for someone to force you to do something just because they said it out loud in a joking tone is bad character in my opinion, as it is a character defect.

This is why you should avoid using such promising words as joke in order for such people not to take advantage of you when you are joking, or select your words when you are with such people. This is because they might not see it as a joke since they take it serious. I have fallen victim on this several times, sometimes I just do what I said I would, and sometimes I don't accept that I meant it.

Whatever that we say with our mouths without any action of staking, I don't see it as a bet. Even if two friend wants to bet and they don't have money to stake for the bet at that moment but went ahead to say it with their mouth. I don't see it as a bet, because an action of staking most take place immediately from both parties for it to be a bet.