If I lose the grand then that is it. I don't have to pay a percentage back or anything. I completely agree about scared money does not make money. I do realize what a terrible fold it was. I just thought a four bet with two people to to act behind is a huge I have aces sign. I suppose I was wrong. Or I know I was wrong! I try to pay attention to as much as possible and not put my self in marginal situations before I understand the players at the table. You are right this was not a marginal situation.
Backer does not play poker. He does understand variance. Also honestly just thought the guy had aces. Thanks for your feedback and looking forward to hearing more.