What are the limits and common sense of bet?

[bakasabo]

The most meaningless and embarrassing bet I have made (and I think many of us) was in my childhood. We were playing football and the ball constantly was flying into neighbors yard. Neighbor was so fed up with us asking to return ball that he turned angry. So we played rock-paper-scissors who would be next to ask for a ball. I have lost and I was afraid to ask for a ball. I have decided to get over the fence, but when I was on the half way, the dog came out and I ran away. That is how I have lost my bet and my ball. Later that dog played with my ball and destroyed it.

[oktana]

I think it is dumb to bet your life or year’s salary. This is how many people loose their houses because of gambling. When gambling. Don’t loose your sense, thinking properly before you say anything. The people who win in such bets are mostly the ones who take their time to think it through. Always remember that no matter how confident you are, never ever gamble your house, or any unbelievable thing. Never!

[Fiatless]

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.

Even if both parties didn't stake any money, maybe because it was not available at that time, if there is a sort of agreement that is either written or has witnesses, I could be called a bet. In my location, people can bet with some part of their earnings, and they will be under obligation to redeem these bets. But this kind of betting could lead to disagreement or even fights since the funds were not escrowed.

Have you ever made a bet that led to an embarrassing situation or do you know someone who has?

I can't remember engaging in this kind of bet but I can remember that my elder brother won such a bet. He was asked by his rich friend, to show his private parts to some ladies, and he would win a large sum of money. I was shocked that my brother did it perfectly and won the bet. It was those days when there was no smartphone or internet, so it didn't matter that much.

[bitLeap]

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?

Does everything always have to be at stake, to the point that the fate of other people, in a very unethical context, is then used as a place of betting to satisfy mere lust? People like this are out of bounds and never understand the true meaning of betting. Because moral gamblers know what they can bet on and what they can't bet on. Is it ethical to use a woman virginity as a betting? This action is not in the soul of a man, he is just thirsty for other people's approval and has never had any morals at all.
he and his coworkers are both crazy, they will never learn what real betting is. If you feel like a gambler, come to a land-based casino and see how good he is at playing poker on the table. Being able to come out with honor and joyful victory is what a gambler is. Instead of betting on something that is not worth betting on.

[redsun114]

      -     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.

If they are not sport, they will always think of that. They gamble knowing that they can lose and when they do, it is still hard for them to accept it. When they win they are not also contented with a small amount even though it is already possible to withdraw it and this is why they will only end up with nothing instead.

Those who are always seeking for a win are indeed playing those games but there is no such thing as jackpot on them. In poker there are tournaments which let you earn bigger than usual. Jackpots are usually in slot games, bingo and lottery. Gambling is created to entertain the people, therefore yes that it gives the player a satisfaction.

[Hatchy]

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?

There are two things I can say about this. It depends on the kind of situation when the bet was made. If they were seriously speaking and had other witnesses during the time of the childish bets or so. The other who lost the bet may be forced to do as he promised even though we know that he won't do it willingly but when others who were witness agrees with the other who won, he might be forced to pay up. Some bets might be embarrassing at first. Since we did it publicly and then lost it. If we are like in a circle of our Friends then we may laugh about it and just let it pass away.

[Jody.Drummer]

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.

True, I agree with you that the concept of betting is an activity of both parties where the loser has to lose something they have whether it is money or valuables that have agreed to be bet, but if there is absolutely no winning object or object that is intended to be lost if it loses then it is clearly not a bet or if something that is considered a bet is only run by one party without any involvement from the other party then it is clearly not gambling.

One of the biggest reasons why someone comes and dares to gamble is because of a prize that looks tempting so this is what attracts many people to enter and get involved in the hope of getting the promised victory even without any certainty and guarantee during the process, I think it is very simple to understand the concept of gambling, and if there is something that is considered a bet but there is absolutely no risk of losing anything when he loses then obviously it is not gambling.

[aioc]

Have you ever made a bet that led to an embarrassing situation or do you know someone who has?

It's always embarrassing when you bet against someone and you don't have money to pay for it, there is an attached responsibility when you're betting against someone or a platform so be true to yourself bet only if you have the money.

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...

No one will accept that kind of bet and it is very risky if one accepts and you lose so when you're making a bet you have to honour it or it will cause embarrassment for you and no one will take you seriously next time you might even go to a fight, if you're going to go for any bet be sure to back it up all bets are serious matters because money is involved on it.

[danherbias07]

There are two things I can say about this. It depends on the kind of situation when the bet was made. If they were seriously speaking and had other witnesses during the time of the childish bets or so. The other who lost the bet may be forced to do as he promised even though we know that he won't do it willingly but when others who were witness agrees with the other who won, he might be forced to pay up. Some bets might be embarrassing at first. Since we did it publicly and then lost it. If we are like in a circle of our Friends then we may laugh about it and just let it pass away.

I agree with that. It depends on the situation. Most of the time there are bets that are meant as a joke and it should be taken as that. There are times a person is carried away and he will challenge someone on a bet even though he ain't really serious about it.
I think a real bet against a friend or another person is if someone will show the money or a handshake will be done meaning you both agree and it's a deal.
I had my own share of people joking around and trying to make a bet against me, especially in the Finals of the NBA which is the sport that is popular in our place. Someone would just come near you and show $10 of money asking if you will bet against their team. That's real.
Now, if another person does the same but he is known to be a cheap guy and doesn't really do that kind of thing in his life, then it should not be taken seriously and I doubt he did too.

[swogerino]

I think it is dumb to bet your life or year’s salary. This is how many people loose their houses because of gambling. When gambling. Don’t loose your sense, thinking properly before you say anything. The people who win in such bets are mostly the ones who take their time to think it through. Always remember that no matter how confident you are, never ever gamble your house, or any unbelievable thing. Never!

You're absolutely right.Gambling irresponsibly can have devastating consequences leading people to lose their homes savings and even relationships.It's crucial to approach gambling with caution and never risk more than you can afford to lose.
Taking the time to think through decisions and considering the potential consequences is essential.Rushing into high-stakes bets without careful consideration can lead to financial ruin and profound regret.
No matter how confident you may feel it's essential to recognize the inherent risks of gambling and to set clear limits to protect oneself from harm.Gambling should be treated as entertainment not as a means to financial security or as a way to chase losses.

[uneng]

I don't think people should take every bets too seriously. Sometime friends are just kidding with each other and say absurd things like "I bet my wage if you are successful doing something challenging". So the other friend does the challenge, but not exactly to win the bet, but just to prove he can do that. In these cases I don't think the individual has to pay the bet, because it's something absurd that should be noticed by everyone present since the beginning.

There aren't any obligations which will force the person to pay the bet in this case. And in situations where third people are involved, it's even more serious, like in the two examples mentioned by OP, being the second example a crime, since it involved sexual abuse of the women of the addicted gambler who lost the bet. That woman could have reported the men who abused her and even her husband to the authorities. That is a very disgusting situation for every parts involved, which have indeed gone too far the acceptable limits of a fair and healthy bet.

[darkangel11]

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?

We used to shake hands with a witness present when someone wanted to make such bet. Without a third party and a gesture it wasn't valid, so if you were drunk and said I'd bet my car on that, or my house, or whatever, you were not expected to pay, you'd just be ridiculed for a while, guys would greet you by asking "where's my car" or something and laughing it out.
If you shook hands with a witness, you'd have to mediate with the winner because obviously as it happens with drunk bets, nobody will expect you to leave your house and give it to the winner, but he'd ask you for money, enough to satisfy him. If you bet your car and it's not really your car but your father's, the winner would just ask for some money. I've seen it happen when the guy bet his father's car and they agreed he'd pay 10% of it's value in cash because after losing he realized how stupid that bet was.

[Su-asa]

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.

It also leads to fights. You don't have to joke with everything more especially gambling things, it won't end well because you might be joking with what you are saying but the next person closer to you which you are talking to won't know if you are serious or not. If it's gamble it's something serious because one have to put money for the stake to work perfectly.

[Natsuu]

The most meaningless and embarrassing bet I have made (and I think many of us) was in my childhood. We were playing football and the ball constantly was flying into neighbors yard. Neighbor was so fed up with us asking to return ball that he turned angry. So we played rock-paper-scissors who would be next to ask for a ball. I have lost and I was afraid to ask for a ball. I have decided to get over the fence, but when I was on the half way, the dog came out and I ran away. That is how I have lost my bet and my ball. Later that dog played with my ball and destroyed it.

Oh man, that brings back memories! The most meaningless and embarrassing bet I made was definitely during my childhood too. We were playing football, and our ball kept flying into the neighbor's yard. The neighbor got so fed up with us constantly asking for the ball back that he started getting really angry.

So, in our infinite wisdom, we decided to play rock-paper-scissors to see who would be the next unlucky soul to ask for the ball. Of course, I lost. I was too scared to face the neighbor, so I decided to climb over the fence instead. Halfway over, the neighbor's dog came charging out, and I freaked out and ran away, leaving the ball behind.

Not only did I lose the bet, but the dog ended up playing with the ball and completely destroying it. Talk about a double whammy! What I mean is that you can have any experience in your life and have some betting to have some twist on it. And it's common sense too, but you just need to be responsible of the outcome.

[slapper]

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.

True, I agree with you that the concept of betting is an activity of both parties where the loser has to lose something they have whether it is money or valuables that have agreed to be bet, but if there is absolutely no winning object or object that is intended to be lost if it loses then it is clearly not a bet or if something that is considered a bet is only run by one party without any involvement from the other party then it is clearly not gambling.

One of the biggest reasons why someone comes and dares to gamble is because of a prize that looks tempting so this is what attracts many people to enter and get involved in the hope of getting the promised victory even without any certainty and guarantee during the process, I think it is very simple to understand the concept of gambling, and if there is something that is considered a bet but there is absolutely no risk of losing anything when he loses then obviously it is not gambling.

Should I tell you that much of what we term gambling isn't? Real gambling requires both parties to participate. Mutual agreement, shared risk. Without risk for one side, it's not gambling. A spectacle meant to make you feel like a winner

And there is "guaranteed win" techniques. Sounds tempting, right? Easy cash, no hassle. It's a psychological trick, man. They exploit human drive to win without losing. Consider those lottery systems. They guarantee a minimal investment for a big reward. Their foundation is illusion. The house always wins. They profit off our optimism and yearning for a better life. It's more manipulation than chance

Can you gamble alone? Doesn't gambling include comparing luck to others? Not a bet if one-sided. A sham. The main concern is exploitation. All around society, guy. Examine exploitative lending services. They promise rapid income but hide the risks in the fine print. Victims are desperate and don't grasp the terms

[DaNNy001]

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.

It also leads to fights. You don't have to joke with everything more especially gambling things, it won't end well because you might be joking with what you are saying but the next person closer to you which you are talking to won't know if you are serious or not. If it's gamble it's something serious because one have to put money for the stake to work perfectly.

I don't know if you have ever been to a local casino shop where they are lots people actually playing virtual games with the computer system and they are some shop attendants placing these bets although most times they left to operate and stake the bet themselves but I tell you brother it's never a nice scene because that's where you find and meet a whole lot of crazy gamblers that can do all sort of shit things when they are losing and you making funny gesture will just make the whole situation or even the person betting even more pissed off and sometimes they even end up getting all physical with each other.

[Fivestar4everMVP]

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?

Such types of bet as you explained is usually for fun, and I could remember several times I've made statements like, or heard people make statements like - "I bet my dick that this or that will happen, or not happen", and in the end, the person from other end always and should understand such bet to be a joke, since even if he ends up winning, he can't actually ask me to give him my dick.

But on the hand, I've witnessed an incident where two friends were watching a football match, and in the heat of the argument, one said that he's betting his car that his favorite club will win the match, and at the end, his favorite club ended up losing the match, he was then asked to submit his car keys over, but he refused; saying that the bet was a joke, but the friend refused to accept the bet was a joke, this later lead to a serious fight between the two friends.

People shouldn't be careless in making such betting statements, for you never know what type of person the other party is, he or she might just be a trouble maker who will refuse to understand that such betting statement was a joke.

[Orpichukwu]

I never bet using my salary as a bet because it is stupid and could cause me to lose all my salary money. There is no exact amount we can bet but using all our salary money to bet, it is not a good idea and we should not follow those people who do it. We should only bet with money we can afford to lose so that if we lose, it is money we are willing to lose.

We can place a bet with our salary, which I don't doubt, but there should be a limit to what amount we can bet with and which amount we can't place a bet with.
 
If you can manage to use only a few of it, like 1-5% of your salary for gambling, I believe that won't affect your expenses too much, up to the extent that you won't have what to spend on your family.
 
Those who always used up their salary to gamble are not in control of themselves, so they planned and set limits, or it could be that they don't have a responsibility to take care of, which will always be of remembrance to them whenever they want to spend up their salary.

[AmoreJaz]

I never bet using my salary as a bet because it is stupid and could cause me to lose all my salary money. There is no exact amount we can bet but using all our salary money to bet, it is not a good idea and we should not follow those people who do it. We should only bet with money we can afford to lose so that if we lose, it is money we are willing to lose.

We can place a bet with our salary, which I don't doubt, but there should be a limit to what amount we can bet with and which amount we can't place a bet with.
 
If you can manage to use only a few of it, like 1-5% of your salary for gambling, I believe that won't affect your expenses too much, up to the extent that you won't have what to spend on your family.
 
Those who always used up their salary to gamble are not in control of themselves, so they planned and set limits, or it could be that they don't have a responsibility to take care of, which will always be of remembrance to them whenever they want to spend up their salary.

It is fine to use some of your salary, so long it doesn't affect your basic expenses/bills. I think that's common sense. And if you exceed your limits, then, it is your problem, so don't blame anyone why you will be putting yourself into a tight position, if in case you will incur losses on this path.
Also, bear in mind that if your salary is just enough for your expenses, better think of other things to augment your income and not gamble. Gamble only when you feel you have some spare change to play with.

[Strongkored]

I think it is dumb to bet your life or year’s salary. This is how many people loose their houses because of gambling. When gambling. Don’t loose your sense, thinking properly before you say anything. The people who win in such bets are mostly the ones who take their time to think it through. Always remember that no matter how confident you are, never ever gamble your house, or any unbelievable thing. Never!

When we are having fun with friends and we are drunk, we can make stupid bets, because at that time we are carried away by an atmosphere that makes us not have a clear mind, but if someone bets on something quite stupid with full awareness, it is very unfortunate, as you said. betting with his entire salary or with his house, although I have known someone who got into debt because of gambling and ended up mortgaging his house so he could keep gambling and that's not much different from them being stupid and making big mistakes in their life, but if they only bet with their salary it could be because of him he still has savings that he can use if he loses, but betting like that is not recommended because the impact is very big and can really affect his life.