Re: WHAT WOULD YOU DO?
This situation actually happened to me over 20 years ago.
Was friends with an up and coming local bookmaker, had another friend who had just got into betting basketball at the end of the NFL season.
Local bookmaker had a limit of $200 per play on basketball selections. You could bet the whole sheet, it was limited to $200 per play. He would give out the lines around 5pm and you had until the first game tip to call in your bets, usually about 1 to 11/2 hours.
Anyway, after about three weeks of this, my betting friend had collected some serious change from the bookmaker. Bookmaker calls me up during the fourth week and asks me how I feel about my betting friend and do I think he would be able to cough up some serious change. The Bookmaker tells me that my other friend is down over $15,000 and this is Friday night. Keep in mind, we still have Saturday and Sunday and Monday left in play. I told the Bookmaker to leave me out of it; but, if it was my call, he had better cut him off because I didn't think that he would be able to pay the current bill.
After the two of them have their discussion, the Bookmaker allows the other to continue on. At week's end, the betting genius was down over $27,000 and couldn't pay it all. Go figure.
Bottom line-I get caught in the middle of something that I had no play in. Wind up losing two friends over that mess.
Shrink, you know the ole saying just as well as anyone: You can lead a horse to water, but you can't make him drink it.