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3 years ago

If a friend buys you a winning ticket, should you share the earnings? What %?

"Lisa" won big at the Kentucky Derby on a bet her friend placed for her. She picked the horses, but he was the one who placed the actual bet. Should she share the money with him? What % is an appropriate "bet placer's fee"?
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gno's Avatar
gno | 3 years ago
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Although the she's certainly under no obligation - and the "Placer" has no rights to expectations of reward - the kind, polite thing for Lisa to do is to pay the Placer.

But for the Placer taking time out of his day to place the bet (even if he was already at the window/placing the call), Lisa would've never won. When you rely on the help of others to earn you money and then don't share, it's just bad ju-ju. You don't do it, lest a bolt of lightning come searing through the sky or a rabid turkey jumps out of the wilderness at you. Karma demands a toll.

So how much?
I'd say 10% is fair and reasonable.
15-25% is generous.
25-50% is very kind, giving, thoughtful, and angelic.
51%+ is foolish.

Fine line, isn't it?

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morriss003 | 3 years ago
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I will say ten percent unless Lisa borrowed the money from her friend. In that case, fifty percent.

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pirate | 3 years ago
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Hmm, I don't think she should be /obligated/ to give any money to the bet placer. It is a game of chance. The circumstances would have changed even if you bought both tickets, you can't say that "You would have won if you owned that ticket" because the winning ticket might have been different otherwise.

However, if I personally won with a friends winning ticket, depending on the amount, I made a little table:
1,000,000+ 30%
500,000 10%
100,000 10%
10,000 25%
5,000 10%
1,000 0%
0-999 0%

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momojet | 3 years ago
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What I read is "lisa" gave the numbers, but the guy actually placed the bet. Technically he could claim it because the monetary exchange was between him and the cashier. Only if he kept the receipt as proof. It shows the numbers and how much he in fact placed on the bet. If he was a jerk he could easily state she was "holding" the ticket and not in fact "given" the ticket. Since "giving" implies gift with no expectation of anything in return. It's touchy, and money is the root to all evil, especially between family and friends. If she were wise, she would split the earnings. Because if he is wiser, he might have a possible case against her that there was an implied understanding(contract) that if he paid for the ticket, and she won, he would get something from it. It would be different if he "gave" her the money, she walked up, and placed the bet herself. I wish them luck.

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lwelch | 3 years ago
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Yes, I would share half of the winnings, Great friends are hard to find. But you are not obligated, that is just what I would do.

"Gems may be precious, but friends are priceless."
images:

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gno | 3 years ago Report

Yes, but would a great friend demand payment? If a friend falls in the woods and no one is there to give him payment, is he still a great friend?

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arllyn777 | 3 years ago
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totally depends on u....
i think 20% is fair enough

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ninjamoon | 3 years ago
3
If there was no initial agreement, it would be appropriate to offer a small amount of the winnings, such as 15%. But if Lisa agreed to pay him the money back at some point, then she should only be required to pay him the money he placed on the bet.

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folkrockfan | 3 years ago
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There is no *obligation* to share the winnings unless they agreed, before the race ran, that the person who went to the betting window would be entitled to a percentage of the other person's winnings.

However, it would certainly be a nice gesture if the winner offered something, seeing as said winner was either unable, or unwilling, to go to the betting window herself. How much? That depends on how generous the winner is feeling. Ten percent wouldn't be bad, I don't think.

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