Poll
21 votes (53.84%) | |||
18 votes (46.15%) |
39 members have voted
When I go to Las Vegas, I normally have a line of credit between $25,000 to $50,000, but have a theoretical loss of about $2,000 to $3,000 per trip (craps player). Therefore winning this bet would pay for my theoretical gambling losses for about two year (four trips to Vegas per year).
If I decide to take this bet, I have the strength and the will power to not gamble for two years. And that's $20,000 in my pocket. Not a life changing amount for me, but still a good amount of money.
The problem is that I love Las Vegas! And I love to gamble! As mentioned above I take about four trips to Vegas per year and enjoy every aspect of the city. I guess I could still go to Las Vegas and not gamble, but that would be torture. I'm an honorable kind of guy and would not cheat for this bet.
So I need help. What would you do if you were in my situation? Imagine someone offered you two years worth of theortetical losses if you do not gamble for two years. Would you take that bet?
Quote: matildaIf you take the bet, you have already lost since that bet is gambling.
Laugh. Well, it would start after the agreement has been made. Sorry if I didn't make that clear.
Am I painting a picture that $20K is a lot more to me than it is to you?
That said, *I* would have a very hard time not gambling for ANY extended period of time, to make $20K. And that's even if the wager gave me 100:1 odds.
I can't imagine how you would handle it.
I gotta assume that the person challenging you is not giving odds. So it's not a mere $20K wager, but a swing of $40K!
For those reasons, I say pass.
However, if you don't really have any interest in traveling to other places, and 20k isn't that much, then why do it? Go with what is fun for you.
Quote: gamblerWould you take that bet?
After 28 years of second hand smoke in casinos, I realized I’m no longer a compulsive gambler and no longer a pathological gambler. I’m just a smoker and I can quit smoking any time I want. You can too.
Take his $20,000.00
---------------------------
Compulsive - 2 : of, relating to, caused by, or suggestive of psychological compulsion or obsession
Compulsion - 2 : an irresistible persistent impulse to perform an act
Pathological - 3 : being such to a degree that is extreme, excessive, or markedly abnormal
Smoker - 1 : one that smokes
Smoke - 3 : to inhale and exhale the smoke of (smoke a cigarette)
But, in two years I'd have enough for a down payment on a house. My wife would not let me not make that bet...
Can your friend afford to pay you $20,000 easily?
If he can pay you the $20,000 will it ruin your friendship if he does? Will it ruin the friendship if you have to pay him if you do gamble?
All things considered, I would not take the bet given the whole situation.
Quote: helpmespockLet me take a bit of a different tack on this one gambler.
Can your friend afford to pay you $20,000 easily?
If he can pay you the $20,000 will it ruin your friendship if he does? Will it ruin the friendship if you have to pay him if you do gamble?
These are good questions helpmespock.
Yes, my friend and I are both good for $20,000. He is also a Vegas-a-holic and while we both have about the same credit lines, he loses a lot more because he plays poor expectation games. Winning or losing this bet would not ruin our friendship one way or the other.
While I have strong will power, he suggested today that he would like to require me to take 1 trip per year with him to Vegas to watch him gamble and not gamble myself! What torture. I think I am going to up the bet to $25,000 or $30,000 if that is part of the deal.
Quote: s2dbakerMake sure that the terms do not include casual comments like, "Bet you can't eat just one" or "Betcha he steals second", etc..
Good point. We won't be overly silly about this. We are both trustworthy and honest. The tough part is making the initial choice. If I agree to not gambling for two years, I won't.
I still have a few days to make the choice, so keep the advice coming. My wife, who enjoys Vegas and gambling but to the level that I do, would rather me take the bet and save the money. Then take a huge trip to Vegas with the savings/extra cash.
I'm still about 50%-50% on this right now. I wish the forum would lean heavily one way or another to help me make my choice.
I guess it really comes down to what $20,000 means to you. I mean, if you make $50,000 for one year of work, that amount has some meaning. If you make $200,000 or more a year, it is less than 10 percent of your earnings so it might not mean as much. I say it's perfectly normal to spend 10 percent of your salary on your favorite hobby, so I'd turn it down and keep doing what you're doing. If you make less than $100,000, you have to give this some serious thought.
The best option for you would be to negotiate a one-year agreement for $10,000 or even $7,500. I think you could easily lay off for one year.
With all the new casinos opening lately, it's getting harder to throw a dart at a map of the USA and end up any prohibitive distance from a casino.Quote: nyuhoosierIt would be nearly impossible for me, as I live in Vegas. That doesn't help you much.
And that also means that when you go on vacation, more likely than not, you'll be near a casino....
Quote: gambler
While I have strong will power, he suggested today that he would like to require me to take 1 trip per year with him to Vegas to watch him gamble and not gamble myself! What torture. I think I am going to up the bet to $25,000 or $30,000 if that is part of the deal.
Ewww. That sounds like some weirdo cuckolding deal. Geez.
Don't make the bet.
Quote: DJTeddyBearWith all the new casinos opening lately, it's getting harder to throw a dart at a map of the USA and end up any prohibitive distance from a casino.
And that also means that when you go on vacation, more likely than not, you'll be near a casino....
That is true, but the temptation would be infinitely worse here. I can't even walk into a gas station without a bank of VP machines staring me in the face. Every stool in almost every bar has a screen in front of it. I hope to leave Vegas soon, and I'll miss the convenience, but it can get to be too much.
Sounds like your friend is a dick. And/or he's been rethinking it and is concerned that you might actually be able to do it. Instead of upping the ante, you should be looking to get odds!Quote: gamblerWhile I have strong will power, he suggested today that he would like to require me to take 1 trip per year with him to Vegas to watch him gamble and not gamble myself! What torture. I think I am going to up the bet to $25,000 or $30,000 if that is part of the deal.
For what it's worth, watching him gamble may or may not be a problem. If he continues to play the high HA stupid games that you have no interest in, then it won't really interest you. However, he may play craps, or get a table near the craps table, just to help make you go nuts.
Only you can make that kind of decision. But here's something you can try. Go to a casino, and spend an entire day without wagering a dime.Quote: gamblerI'm still about 50%-50% on this right now. I wish the forum would lean heavily one way or another to help me make my choice.
I bet you can't do it. :)
I.E. Would buying a church raffle count? What about other typical activities that can be called gambling, such as investing in the stock market, or investing in something more risky and speculative?
I don't recall what you said you do for a living, but I think you make a bunch more money than most of us.
Have you ever 'gambled' with investing in venture capital? If not, is it something that you'd consider? Would that be gambling?
I could go without casinos or the lottery with no problem. One thing I don't see that anyone has mentioned yet, but that will have consequences, is that you'll age out at the casinos you visit in vegas and lose your player club rating and existing comps. Don't forget to count the lost standing and comp offers against the $20K profit.
I could even force myself to go without interpersonal proposition betting (that would be HARD in my office). I would also have a hard time not betting while playing sports. I can't even think of the last time I didn't wager *something* on a round of golf. But for $20K, I'd find a way to make it work.
Personally, I would try to get an exception for fantasy leagues. Two years without fantasy football would be very hard for me. To the extent that those leagues are usually more about banter and pride and less about money, I would try hard to get them exempted.
Quote: rdw4potusI would almost certainly take this bet. Like others have stated, I would want some sort of formal agreement or clear understanding of what constituted "gambling."
That, and for that much money I'd ask for a bond, a deposit or at least a notarized contract.
Actually, for a gambler of his level, this is probably not a problem.Quote: rdw4potusI could go without casinos or the lottery with no problem. One thing I don't see that anyone has mentioned yet, but that will have consequences, is that you'll age out at the casinos you visit in vegas and lose your player club rating and existing comps. Don't forget to count the lost standing and comp offers against the $20K profit.
If Gambler suddenly stopped going to casinos, and then re-appeared after two years, yeah, that may be a problem. After all, the casinos might think that he was still gambling, but elsewhere.
But if he called his hosts ahead of time, and told that that he is going on this hiatus for two years, it will be less of a problem when the two years are up.
if it has to involve money, play the commodities or stock market. There's no way he can ask you not to be "investing" in something, we all need to do that. So your investment activities are none of his business.
I agree that you should take steps to be sure that he can not welch on the bet.
Quote: chifool55A friend of mine and I bet each other $500 on stopping casino gambling and lottery for 6 months. We each made it the time. The day after it was over we both went to the riverboat and lost bad. We had a good time.
Laugh. This is probably what will happen to me. I will wait two years, win my $20,000 bet. Shout woo hoo! Go to Vegas and lose $100,000. Still, it might be fun.
It didn't end well for the winner...
Put another way, would everyone else on here that is saying "take the money" do so if the amount was $2k and not $20k? Everybody has a threshold they would consider significant enough to make sacrfices in their lives. I'd guess most people on here if offerd $200, would laugh and say forget it.
The point that someone else made about your age is also important. Do you really want to give up two years of your life with something that you really enjoy? Only you can answer that.
Quote: NareedAnyone recall a Twilight Zone episode where one guy bets another he can't stay silent for one year?
It didn't end well for the winner...
yes indeed, and again the ultimate precaution was ignored... your guy must not welch.
for that matter, he has to trust you arent sneaking off to gamble. How would he know?
Trust here is two-way.
Quote: odiousgambityes indeed, and again the ultimate precaution was ignored... your guy must not welch.
Given what the winner did to win the bet, you'd think he would have insisted on some guarantee first. Not that horror stories ever make sense, of course.
Quote:for that matter, he has to trust you arent sneaking off to gamble. How would he know?
Trust here is two-way.
Most people cheat if they think they can get away with it. A great many have no clue how to estimate their chanves of cheating successfully, ergo they get caught rather easily.
Short of having our colleague wear a videocamera 24/7, I don't see how the wager can be enforced.
Quote: konceptumThe obvious answer is to not take the bet. It is clearly the better option of the two. The reasoning is simple, and has been stated earlier by other people. The fact is that the amount of money you are winning is roughly equivalent to what you may win and/or lose during the two years in question. Thus, you are throwing away two years of doing something that you enjoy, in exchange for an insignificant (to your position) amount of money.
I agree 100%.
Worst.
Bet.
Ever.
Quote: joenunzI agree 100%.
Worst.
Bet.
Ever.
I disagree. The player has control over the outcome since the wager is determined by his actions. There is nothing random about it. He should think about it as getting paid 10k a year to enjoy time with his wife. A nice wage.
Quote: AyecarumbaI disagree. The player has control over the outcome since the wager is determined by his actions. There is nothing random about it. He should think about it as getting paid 10k a year to enjoy time with his wife. A nice wage.
Fair enough, so I will rephrase...
Least.
Fun.
Bet.
Ever.
If the $20k isn't going to change your life (and it sounds like it won't) screw it. Life is too short to give up what you love doing. You really going to look back in your final years and be glad you gave up 2 yrs for an extra $20k? My guess is no. So unless you have something equally enjoyable to substitute into your life start planning your next Vegas trip today.
Quote: NareedShort of having our colleague wear a videocamera 24/7, I don't see how the wager can be enforced.
ankle bracelet time!! [g]
It's a classic episode. Available on youtube .
Quote: pacomartinHave you ever seen the original Twlight Series episode called The Silence about an exclusive men's club where one member bets another annoying member that he can't stay silent for an entire year?
Yes. That's the TZ ep I mentioned up-thread.
Things dind't go well for the winner.
There's an episode from, I think, Night Gallery, in which an old guy bets a younger man he can't light a cigarette lighter ten times in a row. If the youngster wins, he gets the old man's car. if he loses, the old man gets the youngster's left pinky finger.
The ending is unexpected but perfectly logical.
The story is on public domain so you can look up the ending yourself.
While the idea of winning $20,000 sounds great, two years of not gambling is too much for me. Thanks again everyone.
Quote: gamblerThanks for all of the great advice everyone. After much thought, I have decided not to take the bet.
While the idea of winning $20,000 sounds great, two years of not gambling is too much for me. Thanks again everyone.
Excellent!
I bet somebody $20 that you wouldn't take the bet...!
jk