Sold 20% of myself to a friend and the tournament ended i didnt cash. I asked him for the money couple days later he said ok. Then a few days later he said actually why am i sending, i didnt send to u before tournament so i didnt have a piece.


convo before tourney went like this:

me: "hey going casino tonight did u want 20%"

he replied "yeah go on, 20%"

me: "so $100 for 20%"

he replies "yeah ill do that"

i message about 1 hour later:
me: "you sent that $100 over"

him: "To your bro account, dont have yours"

me: "yeh my bros is cool"

no reply.

after I get knocked out tournament that night i message him and say
" im out, next time hey "

then we talk about general stuff.

I ask a few days later have u sent. he says sorry been busy at work ill send tonight.

couple days later i ask u wanted to invest wheres the money u haven't sent.

he replies "im so confused don't that mean if i didn't send i didn't invest lol, i would have no take in it if i didn't move anything"

then i explain he agreed and he replies:
"i remember now i went sleep and forgot to send, if i didn't send the money in time thats it missed it"

i said if i had won wouldn't u want your 20% and he claims "i didn't pay you how can i ask for something i didn't pay for"

who right of wrong here? we good friends so i have no reason to expect him to have to pay me before tournament starts which was around 3H after i told him about my trip to casino?

perhaps you're not such good friends afterall

You've learned an important lesson in poker. Never do business with your friends. You'll end up either losing the money or the friendship. Consider it a cheap lesson.

You can be sure that if you had finished in the money, your "friend" would have said in his second sentence after congratulating you, "Where's my money?"

Evidently you guys had a binding contract, but at that price, it obviously isn't worth the legal fees associated with recovering your costs. Don't sell to him again and get the money beforehand next time.

so i am in the right for asking for his $100 ?

he has been messaging saying he does not want to argue with his friend about money but he he's saying all he did was agree but not send any money so now the tournament over it makes no sense for him to send me anything.

So, he acknowledges that he agreed to the terms of the deal, but is saying that now that the deal turn out not be profitable, he doesn't see why he should pay.

He is either unethical, or has such a self centric world view that he honestly doesn't understand your point (as in 'Why would I pay fo the action now, it has no value to me?') Since it sounds like he is being somewhat sincere in his response, just ask him simply 'i I had won, would you be expecting a percentage of the winnings, even though you hadn't sent me any money?'

And I would likely start distancing myself from him.

Great news. It only cost you $100 to find someone you called a friend is not at all trustworthy. Maybe he's still a friend and you forgive this. But now you know never to lend him anything.

As a few rules
- Don't lend money to friends unless you are 100% ok never getting it back
- Don't sell action to people who don't understand what they're buying. It's unethical at best, at worst you get in a spot like this.
- Never book action on word only. You make it clear that unless you have cash in hand before you play, he doesn't have a piece.

Borrow $500 from him and when he wants it back tell him you don't want to argue about money.

This guy is either dumb, scamming you or both. At least now you know.

Thanks for the replies. At least now i can be more certain he was completely wrong.

"me: "you sent that $100 over"

him: "To your bro account, dont have yours"

me: "yeh my bros is cool""


Doesn't that mean he already sent the money to your "bros" account?

Or when you said "you sent that $100 over" did you actually mean "did you send that $100 over?" and when he said "To your bro account, don't have yours" did he actually mean "can I send it to your "bros" account because I don't have yours"

Not sure I am completely sure on the facts of what occurred.

But from what I can tell from what you say it does look like he agreed to pay $100 for 20%. Agreement made and done. The fact that he didn't send you the $100 before the tournament started in no way voids the agreement. It is indeed standard for people (who mostly don't know each other personally) to send such funds before the tournament starts. And many people who look for staking from the general public on forums like 2+2 often clearly state that unless they receive the money beforehand, the potential investor has no piece. However, there is no inherent reason why not transferring the $100 in advance would void an agreement. Unless it was agreed upon as part of the agreement that the $100 had to be transferred before the tournament started, then it doesn't matter. From what you say the agreement was not conditioned on him transferring the $100 before the tournament started.

Based on the facts you have provided, he clearly owes you $100, assuming that he had not already sent $100 to your "bros" account.

sorry yeh your assumptions on what we meant is correct.
i meant did u send and he meant is my bros account ok to send to.

yeah i did check my bros a few times and it wasn’t sent there hence why i asked couple days later did u send yet.

“Unless it was agreed upon as part of the agreement that the $100 had to be transferred before the tournament started, then it doesn't matter. “

this is what i said to him but his argument back is that if its not sent before why would i have a piece of something i didn’t pay for.

I initially posted in the forum because I am sure he has worded it to other people were it sounds ok to him.
Like “ i agreed to take a piece of him but didn’t send him money before the tournament starts, and now its finished he wants me to pay him”

From that statement to a normal person that can be seem as hes not in the wrong but my main concern was he agreed beforehand without mentioning anything about if he doesn’t pay before tournament start time he doesn’t want the piece anymore.

Strange situation. Personally, I'd reserve my opinion about him rather than thinking he shafted me out of $100. I can see how he'd think "next time" meant "next time you can invest." Maybe he was thinking beforehand that if he didn't send it then the deal wasn't complete.

I wouldn't make too hasty of judgement about him without more evidence.

Just state it back to him, and see how he reacts

'Just to clarify, if I understand you correctly, you are saying that between us, your word is not binding, and only cash in hand should be considered an actual transaction. A verbal agreement, in your opinion, is not to be trusted or counted on.'

He will twist himself in circles trying to explain how a poker transaction isn't the same as his regular word, but what will come out of it is him admitting that his word is not his bond, he is not trustworthy, and that any future collaborations with him should all be cash up front.