How would you handle this situation????

[Bluemound Freak]

Some time ago I had this person that I met right here on Madjack's ask me to do him a favor! Assuming this person was a friend or so I thought, I agreed to help him out! He needed to find a local book that was reasonable and reliable about paying up when the cards fall in your favor and somewhat passive in the case that you get in over your head! I talked to my book and asked him if it would be OK for this person to call and make some bets with him........seeing as how my bookie is also a personal friend and someone that I have known for quite some time, he agreed to let him start an account with him! I vouched for the guy because we had hung out and I liked the guy..........seemed honest enough! Well he made a couple of bets and hit a decent amount of cash and just like clockwork he brought me this fellas money and I payed him his money! The Next week things went even better than the previous week and he hit somewhere around 1,200.00-1,300.00 dollars, well my book wanted to personally deliver the money to him so he made arrangements to meet this guy and pay him! He drove almost 2 hours to meet him and they got all squared away and he went on about his way! The next week and a half or so this guy that I vouched for made a string of shit bets........then he started chasing his tail and dug himself a 3,700.00 dollar hole! Well I get a call and on the other end of the line is a very upset bookie, he said hey man your buddy is down big and now will not return my calls and is not to be found anywhere! So I tried to call this cat and see what is up! He tells me that he is scratching the money together and that he will get the money to me and for me not to worry! We arrange to meet at my house that weekend...........well he never showed! He went MIA for about 8-9 months! Recently.......say about 3 months ago he calls me and says he is going to come and pay me so I can take care of the debt he aquired! Well guess what, he never showed! I have gone as far as even asking my guy not to send some of his more unpleasant associates to meet up with this fella because I know how things can get tight! But now I am getting pressed and my bookie is really hounding on me to start getting some of this money together or I am going to be the one holding the bag so to speak! I too owe this guy some money and am working it down to a more respectable figure, but now I am getting stuck with this guys losing ticket and I don't know how to come up with his money and mine to get all square with my friend!

How would you handle this situation if you were in my shoes?


Oh and by the way......you know who you are and I hope you understand that you have gotten me in a crack that I don't feel like I should have to fill in for you! If you happen to read this I hope you realize that your hard times have not really been hard on you but are becoming very hard on me! But I never forget when I get screwed and I am getting royally screwed on this one! I appreciate the hell out of it!

 

[MadJack]

man o man. when you vouched for him, you co-signed the loan for your buddy. you're gonna have to make the debt good. i've seen this happen too many times and there's never a happy ending. ever! talk to your man, agree on some kind of payments, stick to the schedule, and make your buddy ante up as well.

tough situation.

 

[Eddie Haskell]

Blue:

I told you I didn't like Dr. Freeze.

Eddie

 

[Penguinfan]

I know it's after the fact, but if this ever arises again the best thing to do is get him on his own ASAP. Make it very clear with your bookie ASAP that you don't want to cover for this guy any longer no matter how good the situation looks. Nothing worse than to have this loser get paid then stiff the man, would have been better if he lost from the get go. Brother I have been in that same spot and recovered nothing but some expensive lessons in vouching for friends. Everyone thinks I am a tight ass because I make them count every dollar when I collect on thier behalf "hey I trust ya" they say, well trust goes right out the window when you are dealing with cash reguardless of how "good" a friend they are. Repeat every bet and count every cent, every time and be it known your bet is your bet and the trail stops with you.

You'll run across this guy sometime, it always happens that way.

penguinfan

 

[AR182]

Bluemound Freak,

Sorry to hear about your problem. As Jack said when you vouched for this guy, you co-signed for his credit. If you know where this guy lives you should give the address to the BM & let him handle the situation. You should not feel guilty about doing this because this guy didn't care about putting you in the middle of this. If this does not work out then arrange to make payments.

Good luck & hope everything works out for you.

 

[theGibber1]

man thats a bad deal...sorry to hear about that..

i dont understand why people use a bookie....


3 or 4 yrs ago i was in deep.. one big damn hole.. and i couldnt come up w/ any of it up front.. lucky for me i had an online book...
instead of Roco and Bruno comming over and breaking my thumbs.. i paid interest... little by little... month by month.. if i was short one month... no one left a horse head in my bed.. i simply paid the minimum and caught up next month.. sure i paid a ass load of interest on my credit cards.. interest compounding daily.. ah!!!! it was a bitch to pay down.. but it was safe! and i had all the time i needed..

the problem w/ online books is its to easy to bet.. its what got me in a hole in the first place.. all those cool options..
" i think ill parlay these, along with a few prop bets, followed by a 6team teaser...and finish off with 8halftime bets..
now that ive learned a little money management.. ill never go back to a live book...


good luck

 

[Bluemound Freak]

He probably won't break my arms or anything but it just sucks that I have let one of my close friends down! I don't like letting people down!

 

[ferdville]

Were you getting a piece of the action on his losses? If you were on some kind of commission, you might feel a greater responsibility here. If your man was not cutting you in, he needs to take care of it himself and leave you out of it. You vouched for him - but your man met with him after that fact and they obviously came to some kind of arrangement. That left you off the hook. I have (in the past) acted as an agent for several guys. As an agent, I got cuts between 10% and 30% of losses. Some figured it on a weekly basis; others had make up if player won. Each and every time I had players that I had brought in stiff the book. I never had to pay a nickel for their lack of payment. Whenever I brought a new guy in, I'd tell the man that the guy had always been square as far as I knew, but I can't vouch for his bill paying ability. I told the book to talk to the guy and maybe put him on a limit until you saw what kind of pay he was. One thing I always did do was tell the guys that I WAS responsible for their losses. It enabled me to get some cash from a few deadbeats. Bottom line is that most books welcome the chance at new business and accept the fact that they will be stiffed from time to time. It is the nature of the business. Believe me, he will gladly take another guy that you recommend.

 

[GM]

Re: How would you handle this situation????

He needed to find a local book that was reasonable and reliable about paying up when the cards fall in your favor and somewhat passive in the case that you get in over your head!

Are those alarm bells I hear? Oh yes!! This should have tipped you off right away that you were dealing with someone that wanted to see if he could make a fast buck, but knew he couldn't afford to lose / or was looking to stiff someone.

Hard lesson learned, but you should have never vouched for this person. You are now liable for it to some degree, though maybe you can cut a deal with your friend.

And like Penguinfan mentioned, I also operate the same way. I almost refuse to lend anybody, any money now, unless I've known them for 20 years or something. And if I do, I repeat 2 or 3 times over the course of the evening the amount owed to the dollar just so there is no "confusion". Sure I look like a penny pincher...but you only get burned so many times by "friends" before you learn, and protect your own ass first before being a nice guy.

Sorry to hear it happened to you.

 

[fatdaddycool]

Gentlemen,
Who the heck are you kidding?!?!?!?!?! BM, did this local not meet your friend and hand him a fair amount of money that was contributed to gambling losses? (on the books part). And did your "pal" not give the book a number he could be reached at? And somehow,....., unbeknownst to me how, people think that you are somehow responsible for the debt? Unbelievable.... Yes you vouched for him by saying "he likes to play and as far as I know he pays his debts", after that you are done. Your book is a business man and part of that is understanding that word of mouth is his only means of marketing, therefore when he accepts responsibility for the gambler, it is exactly that!!!!!...........HIS RESPONSIBILITY
I know one thing, if I tell a friend, "Man that was one good movie" or "best steak I ever had, ask for Mike" and he comes back and tells me "Ahh the steak sucked so I stiffed Mike" do you think I feel one bit of indebtedness to Mike? Are you nuts?
Jason,
This guy is a fuhking book, he isn't your friend, your brother, or anyone that won't take your last dollar if you owe it to him, so don't worry about it. What you need to worry about is the fact that this person you so readily call a friend would lie to you without remorse or so much as batting an eye
FDC

 

[UT-Longhorn]

BM, who is this guy on MJ? Atleast we can beware of him......

 

[TIME TO MAKE $$$]

Jason,

sorry to hear about this, tough situation indeed...

Do you ever talk to your "so called" friend who owes the $$$? Does he still post on here?

 

[Bluemound Freak]

I will not give out his name! He will have his own Karma problems with this.......No need to hound on him!

I want to get this settled but I don't want any more complications on this matter!

 

[DOGS THAT BARK]

You know,one of the main attributes of a successful bookie is knowing his clients limitations. A good book won't let his people get extended.Most people have a $ amount between pride and abandonment. Ole bill might pay off $2000 if it takes him 6months but if that figure receaches $3,000 he may cross to the F-it point.
Knowing his clients limitatations lead to a yearly flow without having to seek new punters and they live as one happy family.

 

[Bluemound Freak]

Oh so true!