Quote:
Originally Posted by saden1
So there's this homeless guy near where I work who sets up a radio and cardboard scoreboard during the Seahawks and Mariners games. This homeless guy has an area the size of a football field on lock down. In the last 4 years no other homeless person has encroached on his territory (the best territory in town IMO).
A week ago a co-worker and I were conversing about the homeless guy and I said the homeless guy must be a tough SOB no one can f*ck with to keep his territory for so long. My co-worker who wasn't inebriated said he could and that he could have the same exact setup just a few feet away from him if he wanted to. I said "I got $50 that says you couldn't" and he said "you're on."
My co-worker comes to me a few days ago and proclaims that his conscious/morality wouldn't let him go through with the bet and that I should let him out of if. He's willing to pay the $50 but he thinks it's pretty low of me to not let him out of the bet. Is he right? Would you let him out of the bet?
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If he wants out of the bet then you can be magnanimous enough to let him buy back the bet for a reduced rate of the total bet. Usually it's half the amount of the original bet. Kind of like a restocking fee just for having tracked your wager.
That is standard betting protocol. Your friend has to politely request a buy out from you at the reduced rate or whatever reduced amount you feel like. It's in your friend's best interest to not antagonize or agitate you about your bet as he is still obligated for the full amount so letting him buy back for less is an extremely gracious gesture.
Though, if your friend is a big enough man to verbally concede you won the bet before it really came to fruition, then you, customarily, will have to accept the reduced rate buy back with no questions asked.