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Author Topic: Side Bet Ruling Needed  (Read 3069 times)
SuuPRlim
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« on: October 26, 2010, 10:54:42 AM »

So last night at dinner we got into an minor argument over a side bet.

3 of us were waiting for someone else to join and someone said, "How long before Joe mentions he's slept with that waitress" I decided to set a line on 16minutes and both of them had a cheeky punt on the OVEr.

The 16minutes elapse and he hasn't mentioned it, they both claim to have won?

My understanding of bets like this, on events that aren't gurenteed to happen is that Im betting IT WILL HAPPEN WITH 16 MINUTES, and they ARE BETTING IT WILL HAPPEN AFTER 16 MINUTES.

My Side surely cant be that a) It will happen, and b) It will happen within X timframe because it that case the value in these cases is always with the OVER, because the event is more than even money to actually happen, so whoever takes the under gets ridiculously freerolled. If I was betting that he'll mention it in the first 16 minutes and they are betting he wont mention it in 16 minutes then thats a different story ofc.

An example was brought up of a bet on a football game but you bet on +/- 2.5 goals, but as the game is guaenteed o finish either +/-2.5 goals surely that is a different scenario.

***N>B*** He did mention it within the meal so I lost the bet, just wondering what people think the ruling is?
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Eso Kral
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« Reply #1 on: October 26, 2010, 11:02:21 AM »

If he mentioned he slept with the waitress before you left the premises (this being the close of the bet ie overs) then they win the side bet, if its mentioned after thats just after timing and you win!!
As played they defo win
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StuartHopkin
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« Reply #2 on: October 26, 2010, 11:06:02 AM »

Remember (<16mins)<(eternity-16mins) its a handy little equation
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gatso
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« Reply #3 on: October 26, 2010, 11:08:09 AM »

need clarification. did they claim the win on 16 minutes in front of him? if so I'd say you get the win as they're influencing the bet

otherwise bet stays open indefinitely as you didn't set an end time. if he ever mentions it then they win
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EvilPie
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« Reply #4 on: October 26, 2010, 11:11:16 AM »

If you regularly have little bets with mates and like a bit of banter you should be looking for any angle possible to grim him and get out of this.

If you don't do it often just paaaiiiiiii him once the 16 minutes is up.

If it's a biggish bet and you're taking it in any way seriously set the rules out first.

As for your argument about always taking the over because the guy who takes the under gets freerolled. Surely that depends where you set the line??
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titaniumbean
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« Reply #5 on: October 26, 2010, 06:19:57 PM »

pics of waitress or gtfo out ickle dave!!!
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SuuPRlim
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« Reply #6 on: October 26, 2010, 06:49:13 PM »

If you regularly have little bets with mates and like a bit of banter you should be looking for any angle possible to grim him and get out of this.

If you don't do it often just paaaiiiiiii him once the 16 minutes is up.

If it's a biggish bet and you're taking it in any way seriously set the rules out first.

As for your argument about always taking the over because the guy who takes the under gets freerolled. Surely that depends where you set the line??

It wasnt a tiny bet, but small in comparison to the bets me have made between us.

No I obv lost this bet, cos he mentioned the waitress during the meal,

But surely I do not loose the bet after 16 minutes? otherwise im just massivley freerolled?
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doubleup
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« Reply #7 on: October 26, 2010, 07:11:29 PM »



But surely I do not loose the bet after 16 minutes? otherwise im just massivley freerolled?


otherwise bet stays open indefinitely as you didn't set an end time. if he ever mentions it then they win

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SuuPRlim
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« Reply #8 on: October 26, 2010, 09:47:39 PM »

I think in future Il specify that its within a time period, I just assumed this much obvious.

Obv would be angling but as he mentioned it anyway Im just gonna have to pay.  thumbs up

TY for feedback
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doubleup
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« Reply #9 on: October 26, 2010, 10:14:08 PM »

I think in future Il specify that its within a time period, I just assumed this much obvious.



you dont need to specify a time period, you just need the probability of the specified event occuring in the specified time period to be greater than .5.

     
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titaniumbean
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« Reply #10 on: October 26, 2010, 10:17:12 PM »

pics of waitress or gtfo out ickle dave!!!

ahem
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SuuPRlim
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« Reply #11 on: October 27, 2010, 05:18:23 AM »

she is OLD and FRENCH
no brags here.
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titaniumbean
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« Reply #12 on: October 27, 2010, 05:25:07 AM »

she is OLD and FRENCH
no brags here.


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DMorgan
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« Reply #13 on: October 27, 2010, 05:26:02 AM »

This is why over/unders are usually done with things that are certain to actually happen

Seems like it would have been better to bet on whether or not he'd mention it and I'd probably take the side that he wouldn't depending on your definition of 'old'
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SuuPRlim
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« Reply #14 on: October 27, 2010, 08:37:41 AM »

Oh, he was pretty certain to mention it lol - we're not dealing with a regular person here lolol

yh. I just assumed that the bet was HE WILL MENTION IT IN THE FIRST 16MINS OF THE MEAL ... OR ... HE'LL MENTION IT IN THE REST OF THE MEAL - because imo no other bet is remotely fair at even money.
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