30 minutes before the Main Event of the WSOP starts, someones hands you $10k in cash to Buyin on a 50/50 stake.

On your way to Buyin you get robbed and the $10k is stolen.

It's 100% proven, someone caught it on video.
Also, it's 100% proven it wasn't a setup / scam.

What happens here? Do you owe your backer $10k, is it his loss or do you split it 50/50?

If you ship the tournament and spend the whole 9mil on blackjack, girls, booze & coke, do you owe him 4.5mil or nothing?

[ ] OP posts in NVG knowing he'd get a solid answer
[x] OP has too much time on his hands

You owe the money obv.

IMO you owe the $10,000 it doesn't matter that you were robbed, the money was given for a purpose and you are not using it for that purpose.

I owed my friend George $25. For about three weeks I owed it to him. The whole time I had the money on me, but he didn't know it.

We were walking through New York City at 2:30 in the morning and we got held up.

The thief said, "Gimme all your money."

I said, "Wait just a minute." I said, "George, here's the 25 dollars I owe you."

Then, just my luck, the thief took out a thousand dollars of of his own money and gave it to George, and at gunpoint made me borrow a thousand dollars from him.

-- Steven Wright

If I was going to be backed I'd probably ask the backer to come with me to sign up, and make him carry his own money.

LOL, nice. I had never heard that before good stuff.

[ ] If I've got 10k on me I'm going to put myself in a position where its possible to be robbed.

lmao

this obv.

the aggreement is the following: man a has the obligation to pay 10,000 dollars to make man b able to play in the main event. Man b has the obligation to use the money given by man a for the main event and play. He did had he supposed to do, you did not. You owe him 10k. Imo

and this.

I think that if you lose the money and it's your own fault, you owe it back. If you lose it through no fault of your own, you both take the hit.

Like the book Mr. Nice, if the person you introduce to a cartel to deliver the drugs gets busted everyone involved takes the hit, as it's nobody's fault and these things happen. If the person does a runner it's your fault for trusting the wrong person so you take the full hit yourself.

I guess I don't get the implication. What is "a position where it's possible to be robbed" and what is not? You realize, for instance, that you can get robbed while standing on the line to buy in to an event, right? Further, that this exact scenario is the one being discussed.

"Hey man, thanks for offering me a stake and all but I'm not willing to take your stake unless you stand on this 4 hour line with me. Yeah, I know you probably think you have better thing to do with your time, but I'm not accepting it unless you do. Wait, where are you going? But ... damn."

I mean it's a seriously dumb hypothetical but these two responses are just incredibly stupid. No one is escorted by their backer unless their backer believes they are a SUPER DEGEN, afaik, and maybe it's changed recently (probably has) but last time I wired money to the cage at the Rio, it wasn't the same cage as the WSOP cage, so you were at minimum forced to walk down a long hallway with your money. It's probably possible to wire money to the WSOP cage, and even maybe possible to register from the cage side without standing on the lines, idk. But if not, then you've at least got to stand in the reg line at some point.

Maybe I don't know much, but you're less likely to get robbed while in the line than out on the street.. What I meant was I'm probably not going to let the backer give me 10k and make me make my own way to the casino with his money. Unless he understands im not taking responsibility for it.

Oh, and as far as I can tell no1 here has said most people are escorted by their backed, we were just giving our opinions.

Don't forget, most of us won't have experience in this, and 10k is a pretty large amount

that's significantly different than what you said originally, but whatever. you were implying you wanted to be escorted, i didn't say that "most people were" i said that NO ONE WAS except super degens not trusted to not hit the pit with the money. I'm sure you could go "hey man next time you're at the Rio let me know and I'll come over there" but in general the backer is the one doing the favor and isn't super likely to go extra out of his way to do some whim based nonsense for the player.

wat

Well I didn't realise I had to be so specific, and I don't really know much about how you can sign up or how long the lines are..

At the end of the day, if I was being backed i'd want there to be as little risk as possible since im busto and the general view seems to be that if you get robbed you owe money.

Obviously that isn't really what OP asked but without a little derail there are only really three answers.

This is stupid because it's broad daylight and tons of people around. Doubt it happens unless you're an idiot. And yes, it's your fault and owe backer 10k ldo.

I hate it when somebody asks a hypothetical question and people start explaining why that scenario is not likely to happen or what they would've done to avoid getting into that situation.

THE FIRST WORD OF THE THREAD TITLE IS HYPOTHETICAL, FFS.

So you'd rather have a thread full of people saying the exact same things...?

Possession. Pay that man his money.....that you owe him

Are you seriously asking me would I rather have people answering to the question than posting something that is not relevant at all? Yes, I'd rather have that.

Although it would be even better if this thread died after 5 people in a row answered with the obvious only answer.

Well this isn't exactly a great thread, but who says you can't expand on what was in the op? If the thread stays open I personally would rather see something other than

Hypothetically the "someone" backer is an Idiot for handing 10k to me...assuming I am a stranger to the backer, If he is not a stranger to me than he is still an idiot for handing!! $10k in cash to me, emphasis on handing.

How far away from where you actually buy-in and where he handed me the money is? If it's so close that he can see me buy-in then he should a helped, and where is security so close to the wsopme buy-in. If so far...30 minutes away! then I was probably out of breath from rushing to actually get in to the damn thing.

The backer needs to work on his backing skills!!!