You and a Buddy go to a Casino

[pharmer]

For those that replied 50/50 I'd bet that at least half of them wouldn't do that if it really happened to them.
BS walks, etc...

Cynic much? Some of "us" have late "epiphanies" in life and realize a lot of karmic debt for prior hedonism. Not only giving the $50K, also the original $50 to keep "square." And I did walk 4 miles this morning. Joe

 

[mtgianni]

I cannot imagine keeping it a secret in a casino that I won the large $$$. I would repay the $50 and tell the friend he gets half after I discuss the financial impact with my accountant.

 

[Onomea]

I'm with the "I don't gamble" crowd. (Although I also have plenty of other vices.)

My sole casino experience was in Atlantic City about 35 years ago. I was part of a large party of businessmen. I put a quarter in the slot machine, pulled the lever, and the quarter disappeared.

"Yep," I said to myself, "That's exactly what I expected to happen," and stopped playing.

 

[BigBoy99]

If you mean the IRS when yo say "them", they take it all!

 

[RobertJ.]

For those that replied 50/50 I'd bet that at least half of them wouldn't do that if it really happened to them.
BS walks, etc...

I feel sorry for anyone who doesn't have a friend they'd be willing to split it evenly with.

 

[Rule3]

I don't know how gambling money works as far as the taxes. I would guess the actual winner gets a 1099 or whatever. So I would split what ever the net is after taxes.

 

[Rustyt1953]

I read all the replies. Of what I know of the online character of all the members who said (50/50) I am inclined to believe they would follow through.

I, too, would go halfies as if I didn't, evertime I saw that buddy afterwards I would feel a twinge of guilt at having short changed him and realize that he may be thinking the same without ever having vocalized it.

Treat buddies like buddies.

 

[Sistema1927]

You go into a casino, and a buddy loans you $50 to gamble. You lose it all, but get a lifelong gambling addiction. You lose everything you own, your wife, your family, and your dignity.

How much does your buddy owe you?

 

[ladder13]

 

[llowry61]

If and this is a big IF, I took 50 from a friend to gamble and won without any conversation regarding what if I win, I will probably split it with them after taxes just seems like the right thing to do.

In real life I do some gambling and would not take and gamble any money from a friend. If I do not have the money I do not gamble. Gambling is entertainment that I indulge in with money I can afford to lose because in the long run you will always lose. If you don't know that going in, then you are in for a rude awakening.

The best way to lose a friend, live with them, go in business with them or lend them money. Learned this lesson the hard way many moons ago.

 

[CAJUNLAWYER]

What would you do?

Get a hooker.

 

[kmyers]

Unless there is a pre-existing agreement that he will receive a certain percentage of your winnings, or that you will re-pay him the $50 you owe him NOTHING. In reality you will probably lose the $50 in about 5 minutes!

I would be this way also. If the $50 was given to me as a gift and not a loan I would pay back the $50. A person does not owe back on a gift simply because they get lucky. If the person loaned me the cash and the arrangement it was a loan I would give half.

 

[Heymatt]

Get a hooker.

Uh, make that two. I mean after all he is your friend, right?