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Buying Out Of Bets


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LOL... ok, now for what actually happened:We made a bet for $20 between Zach and Ray and myself. About 4 frames in Ray was crushing us. He oftered $10 to buy out, Zach took it. A frame later, I agreed to a $12 myself. Right after that I went on a tear, and actually ended up winning the match by a point (165 to 164, Zach hit a solid 100). Anyways, we had already both paid Ray, and never really thought about it.Later that night, I realized I had actually won the first match, and while I knew I owed Ray from my buy out. The question was does Zach owe me? Zach agreed he should (which actually cost him more, $20 instead of $12), so Ray gave me the $12 that Zach gave him earlier. We weren't really sure what to do in this case. But in no way were we trying to take advantage of Ray.
That still doesn't make sense as to why I'd have to pay for him losing to you?
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LOL... ok, now for what actually happened:We made a bet for $20 between Zach and Ray and myself. About 4 frames in Ray was crushing us. He oftered $10 to buy out, Zach took it. A frame later, I agreed to a $12 myself. Right after that I went on a tear, and actually ended up winning the match by a point (165 to 164, Zach hit a solid 100). Anyways, we had already both paid Ray, and never really thought about it.Later that night, I realized I had actually won the first match, and while I knew I owed Ray from my buy out. The question was does Zach owe me? Zach agreed he should (which actually cost him more, $20 instead of $12), so Ray gave me the $12 that Zach gave him earlier. We weren't really sure what to do in this case. But in no way were we trying to take advantage of Ray.
Zach owes you nothing. Once you buy out of the bet the bet is completely finished. If Ray were to win Zach would owe him nothing more than they buy-out amount. So if you were to win no money will be coming your way. Sorry
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The bet was over. You guys conceded defeat to Ray. No one else should get paid. He won the bet at the time of the buyout. The outcome does not matter.
Once we sobered up, I think this is what we agreed upon.I think our problem was that we didn't make 3 way agreements, and that was the mistake.
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Once we sobered up, I think this is what we agreed upon.I think our problem was that we didn't make 3 way agreements, and that was the mistake.
lol I think that the problem was that you were drunk - but you were at a bowling so if you were sober that would have been more of a problem.I don't think you make a three way arrangement in this. I think the bet is just over. You can make a new bet for the rest of the game.
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What the problem is I am thinking, which Zach pointed out, is that we needed to make a 3 way deal to buy-out.Becuase Zach bought out earlier. He paid Ray $10, is what you guys are saying, from this point on there was no way for me to win Zach's money? Even though I had no input on this agreement?

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What the problem is I am thing, which Zach pointed out, is that we need to make a 3 way deal to buy-out.Becuase Zach bought out earlier. He paid Ray $10, is what you guys are saying, from this point on there was no way for me to win Zach's money? Even though I had no input on this agreement?
hmmmmm. well if it was an independent buy out, then actually he just bought out of his bet with Ray. That money is his. If he fails to get you involved in the deal then he would still owe you the full amount if you won. So instead of losing just $20, he would lose $30. Bad arrangement. But that is what he would get for conceding defeat to the wrong person.That makes sense to me. Ray should not have to pay back any of the money he got, cuz in his mind and by this arrangement, he already won. That could affect his play.EDIT: Plus why should you get short changed if you never made an arrangement at all? Who would pay you then?
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hmmmmm. well if it was an independent buy out, then actually he just bought out of his bet with Ray. That money is his. If he fails to get you involved in the deal then he would still owe you the full amount if you won. So instead of losing just $20, he would lose $30. Bad arrangement. But that is what he would get for conceding defeat to the wrong person.That makes sense to me. Ray should not have to pay back any of the money he got, cuz in his mind and by this arrangement, he already won. That could affect his play.
yeah, i think i agree with this. basically you guys made 3 seperate $20 must win bets with each other, once you bought out with ray hes out of the equation money wise, but if one of you managed to beat him the other should still owe the 20.
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BTW... What Troyomac put in the OP and what CWIK put down as really happening, are two very different things. You guys bowl the way I do - wasted!!!!
I only put down what applied to me because I don't care about anyone else!
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3 x $20 = $60 prizepool.zach buys out. if cwik doesn't agree, he should say something now. prize pool $50 (2 x $40 + $10).cwik buys out, and troyo takes the prizepool. game over.

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Nullify the above bet based on the fact that you guys didn't clarify it in the beginning.Each of you places your $20 into a new prizepool, and get a good prop bet for winner takes all $60. This will be entertaining for the rest of us.My creative juices aren't flowing well right now, so I'll leave it up to the forum to come up with a good prop bet...The best I can come up with is the first person that finds a homeless person to sell them a bottle of water for a dollar wins the pot.

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That was a bit of a dick thing to do imo. OP should def not owe anyone anything, even if there's a bet between the other two, the OP's action is over and should not be involved in the equation.

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High stakes bowling, huh? :club:
Funny you should mention that, I'm actually surprised there is not much to be heard of high stakes bowling among the golf/poker players/gamblers. I'd have thought it would be quite a popular gambling game
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Nullify the above bet based on the fact that you guys didn't clarify it in the beginning.Each of you places your $20 into a new prizepool, and get a good prop bet for winner takes all $60. This will be entertaining for the rest of us.My creative juices aren't flowing well right now, so I'll leave it up to the forum to come up with a good prop bet...The best I can come up with is the first person that finds a homeless person to sell them a bottle of water for a dollar wins the pot.
Go Go bridge into Caesar's! Woo Woo Dasani for $1, sweeeeeet. Ice Cold Water!
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Funny you should mention that, I'm actually surprised there is not much to be heard of high stakes bowling among the golf/poker players/gamblers. I'd have thought it would be quite a popular gambling game
I'm a scratch bowler (around 220 avg) and we used to have big pot games a few years back where there would be like 20-30 guys bowling for $10-20 a game. A lot of times it was WTA, but sometimes they paid 2nd. But that was nothing compared to the side action bowling for at least $100 a man as well as having doubles matches. My buddy who dominates the local scratch tournaments always has some side action going for $50-100 a game whenever he goes to a tournament, which is pretty much once or twice every weekend.The only reason bowling does horrible as a professional sport is because there is no money involved. I'm a loyal supporter of the PBA and watch it whenever I can because I've bowled against some of the guys or just know them, but bowling for $20K is hardly must-see-tv. Put on some non-bowlers bowling for hundreds of thousands of dollars then you will get lots of viewers and ratings.
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Once we sobered up, I think this is what we agreed upon.I think our problem was that we didn't make 3 way agreements, and that was the mistake.
Or you are a scammer. The people shall decide.
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Go Go bridge into Caesar's! Woo Woo Dasani for $1, sweeeeeet. Ice Cold Water!
Probably cheaper than that Fiji stuff. :club:
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