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if l borrowed $5.00 from you and ended up winning the lottery: is it your win as well?

Topic closed. 38 replies. Last post 4 years ago by onlymoney.

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sully16's avatar - sharan
Ringleader
Michigan
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Posted: April 2, 2013, 5:37 pm - IP Logged

If someone borrows $5 from me and loses it in the lottery, should I assume half the loss and accept only $2.50 back as full payment?  No?  Well then I shouldn't expect half of the winnings either.

I agree, when I loan money it's yours to do with as your please, I don't loan money often, usually one of my brothers.

Did you exchange a walk on part in the war ?

For a lead role in a cage?

 

                                            From Pink Floyd's " Wish you were here"

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    London
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    Posted: April 2, 2013, 5:39 pm - IP Logged

    I agree, when I loan money it's yours to do with as your please, I don't loan money often, usually one of my brothers.

    Nope, but wouldn't mind a crate of beer as a thanks. ;D

    2016 Won/Lost

    EuroMillions / Spent: £22 / Won £0 / Total -£22

    UK Lotto / Spent: £4 / Won: £0 / Total: -£4

    2016 Total: -£24

    Jan: -£22 Feb: £0 ~ Mar: £0 ~ April: £0 ~ May: £0 ~ June: £0 ~ July: £2

     

    EuroMillions = £2 Line / Played: x11 [old price] 

    EuroMillions = £2.50 Line / Played: x0

    UK Lotto = £2 Line / Played x2

      sully16's avatar - sharan
      Ringleader
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      Posted: April 2, 2013, 5:52 pm - IP Logged

      Nope, but wouldn't mind a crate of beer as a thanks. ;D

      I am guessing thats what they usually buy, LOL

      Did you exchange a walk on part in the war ?

      For a lead role in a cage?

       

                                                  From Pink Floyd's " Wish you were here"

        Coin Toss's avatar - shape barbed.jpg
        Zeta Reticuli Star System
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        Posted: April 2, 2013, 6:42 pm - IP Logged

        yup mbecuz if it werent for my 5.00 u would of never played or hit it,so i need my share

        Your 'share' would be $5 at best, and that's only if the $5 had indeed been loaned out by you.

        As far as schmoozing, suckering, or chumping whoever played the ticket for more, good luck.

        Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

        Lep

        There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

          rdgrnr's avatar - walt
          Way back up in them dadgum hills, son!
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          Posted: April 2, 2013, 7:28 pm - IP Logged

          Nope, but wouldn't mind a crate of beer as a thanks. ;D

          Never heard of a "crate" of beer before but I like the sound of it.

            ttech10's avatar - blobdude
            Texas
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            Posted: April 2, 2013, 8:22 pm - IP Logged

            Ttech- since you would be " expecting" some bucks in return, would you consider it fair or not if the person borrowing the money gave you the exact amount back, in other words you told " Tech- here is the $5.00 l borrowed and by the way - thanks again, it came in mighty handy bud"

            That's what I was getting at. I'd expect the exact amount and nothing more. Sure it would be nice to get a little extra, since I'm the one who was willing to let them borrow money, but I wouldn't get upset or feel entitled to any of the winnings.

             

            I think even if they stole it or borrowed without asking... the amount they took is what would be expected. I've actually borrowed $3 from a friend one time at a gas station to get a scratch-off I had been lucky with. Ended up winning $5 and I gave the guy his $3 back and pocketed the $2. It didn't even occur to him to demand the other $2, he was just happy he got his money paid back that quick.

             

            The only reason I would remotely feel like not getting anything is unfair is if I gave someone a set of numbers and they won with them (and if I didn't play them, if they played the same as me and we both won I'd be happy). I understand some may think differently, but that's just how I see it. Though if someone loaned me $1 for a MM draw and I hit big, I would definitely give them something more than $1 in return. I don't see not doing that as wrong, though.

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              Posted: April 3, 2013, 12:38 pm - IP Logged

              Your 'share' would be $5 at best, and that's only if the $5 had indeed been loaned out by you.

              As far as schmoozing, suckering, or chumping whoever played the ticket for more, good luck.

              Most of the answers here depend on how the money is borrowed. It's possible one of the parties might think there is some type of a verbal agreement if a jackpot is won. Loaning someone $5 usually means they expect to be paid back the $5, but asking to borrow $5 to buy lottery tickets may create some type of verbal arrangement. I've had people who knew I was going to purchase tickets that asked me to purchase tickets for them and paid me back. I never assumed I owned part of their tickets, but a few times I was told "if the ticket wins the jackpot, I'll give you a cut". That type of offer is made to convince someone to loan them the money if they seem reluctant as a bonus they probably won't have to pay. If someone offers a cut, then a cut is expected if the jackpot is won; if not it's just an ordinary $5 loan and $5 is all that should be expected to be paid back.

              "As far as schmoozing, suckering, or chumping whoever played the ticket for more, good luck."

              Next time the jackpot is high, I can tell you a way to greatly increase your chances of getting a share of the jackpot without spending a dime. I worked with a guy that told everybody he knew that played Lotto, he would give them a share of the his jackpot winnings if they shared their jackpot winning with him. Most players don't expect to win the jackpot so they make that deal thinking they will share a part of his jackpot winnings.

              His idea was the other players would be obligated to give him a share of any future jackpot and not just for one drawing. 20 years later, he is still whining because two players split a $30 million jackpot about a year after he made "his" deal and they never gave him a penny. I don't know what he planned on doing if he won a jackpot, but with his scam, he didn't have to buy any tickets so it wouldn't be a problem.

                Tenaj's avatar - michellea
                Charlotte NC
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                Posted: April 3, 2013, 12:53 pm - IP Logged

                When you put your money in a savings account and Bank of America uses it to invest in stocks and makes a fortune from it, do you ...forget about itBig Grin

                bofa stock? r u kidding ROFL but i get the point.

                takeemtothebank

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                  rekjavik
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                  Posted: April 3, 2013, 2:01 pm - IP Logged

                  if people would learn to shut up ....the would not have this problem....

                  how would they know it was their dollar unless you told them......

                  I would have said it was change from the car or found between couch cushion...

                  But I would have paid him back....and said thank you... nothing more.

                  Chair

                  You have been weighed, you have been measured, and you have been found wanting. In what world could you possibly beat me?Patriot

                    maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
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                    Posted: April 3, 2013, 4:27 pm - IP Logged

                    if people would learn to shut up ....the would not have this problem....

                    how would they know it was their dollar unless you told them......

                    I would have said it was change from the car or found between couch cushion...

                    But I would have paid him back....and said thank you... nothing more.

                    Chair

                    Its called verbal diarrhea lol

                    That money's gone fo ever

                      msharkey2001's avatar - Trek startrek.gif
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                      Posted: April 3, 2013, 5:23 pm - IP Logged

                      Personally I would never borrow money from anyone to play the lottery as it's not a necessity for me to play, and if I'm that broke I shouldn't be playing in the first place. I have however given people money to pick tickets for me if I wasn't able to make it to a store in time. In all cases I have told the person that I would give him/her a million should I hit the JP.

                        savagegoose's avatar - ProfilePho
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                        Posted: April 3, 2013, 10:43 pm - IP Logged

                        Personally id be peeved that they borrow mony and then buy lotto tickets, infact i would want the lot! i could have bought 5 tikets if i hadnt made the loan , little knowing  the sciver was going to play lotto with it.

                        2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

                        keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

                          rdgrnr's avatar - walt
                          Way back up in them dadgum hills, son!
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                          Posted: April 3, 2013, 10:54 pm - IP Logged

                          Personally id be peeved that they borrow mony and then buy lotto tickets, infact i would want the lot! i could have bought 5 tikets if i hadnt made the loan , little knowing  the sciver was going to play lotto with it.

                          When you stop and think about it, it's kinda crazy that if someone is broke, the first thing they would think of to borrow money for is lottery tickets.

                          I think most people would think of necessities first.

                          I would venture to say that buying lottery tickets would most likely be the last thing on their minds.

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                            Posted: April 4, 2013, 12:10 pm - IP Logged

                            There's a difference between being broke and not having any cash at a particular moment. Depending on what I've bought recently and whether or not I've been to the bank there are times when I could walk into a car dealership and buy a $50,000 car but I can't walk into a convenience store and buy a lottery ticket.

                            I'd assume that most of the time that somebody wants to borrow a few bucks, regardless of what it's for, it's simply because they don't have cash, though I'm sure some people hang out in circles where that's not the case.


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                              Posted: April 4, 2013, 12:14 pm - IP Logged

                              There's a difference between being broke and not having any cash at a particular moment. Depending on what I've bought recently and whether or not I've been to the bank there are times when I could walk into a car dealership and buy a $50,000 car but I can't walk into a convenience store and buy a lottery ticket.

                              I'd assume that most of the time that somebody wants to borrow a few bucks, regardless of what it's for, it's simply because they don't have cash, though I'm sure some people hang out in circles where that's not the case.

                              Where I hang out people need money cuz they broke.