Fadingpain Posted July 12, 2018 Share Posted July 12, 2018 Hour 3 of Schopp and Bulldog today. Caller "Dane" (I think he said) calls in and asks Mike if he should accept this bet being offered by a co-worker. The deal is that if the football and hockey seasons both end with neither the Bills or Sabres winning a championship, Dane has to pay his friend $200. However, if either team wins a championship during the life of the bet, the other guy has to pay Dane $10,000. If you are Dane, do you accept the bet? Link to comment Share on other sites More sharing options...
billsredneck1 Posted July 12, 2018 Share Posted July 12, 2018 15 minutes ago, Fadingpain said: Hour 3 of Schopp and Bulldog today. Caller "Dane" (I think he said) calls in and asks Mike if he should accept this bet being offered by a co-worker. The deal is that if the football and hockey seasons both end with neither the Bills or Sabres winning a championship, Dane has to pay his friend $200. However, if either team wins a championship during the life of the bet, the other guy has to pay Dane $10,000. If you are Dane, do you accept the bet? i'd take it and if either won a division championship, i'd demand 10k......no one said what championship. 1 Link to comment Share on other sites More sharing options...
Fadingpain Posted July 12, 2018 Author Share Posted July 12, 2018 2 minutes ago, billsredneck1 said: i'd take it and if either won a division championship, i'd demand 10k......no one said what championship. Yes, as I understood it, that was the term of the bet. I.E., both have to lose for Dane to pay $200. But if either wins, he receives $10,000. 1 Link to comment Share on other sites More sharing options...
uticaclub Posted July 12, 2018 Share Posted July 12, 2018 No way, Vegas would pay more 2 Link to comment Share on other sites More sharing options...
mead107 Posted July 12, 2018 Share Posted July 12, 2018 No Link to comment Share on other sites More sharing options...
fansince88 Posted July 12, 2018 Share Posted July 12, 2018 Depends. Can he do without the 200? Link to comment Share on other sites More sharing options...
Fadingpain Posted July 13, 2018 Author Share Posted July 13, 2018 If he takes the bet, $2,000 buys him 10 years of chances that the Bills or Sabres can win a championship....and if they did, he gets $10,000, so that's a nice profit. Then again, both organizations have been around for a long time with no NFL or NHL championships to date. Therein lies the conundrum. Link to comment Share on other sites More sharing options...
Paulus Posted July 13, 2018 Share Posted July 13, 2018 He should make it for the next 2 seasons. I'd consider taking the bet, tbh. Link to comment Share on other sites More sharing options...
White Linen Posted July 13, 2018 Share Posted July 13, 2018 How is "if either team wins a championship during the life of the bet" defined? 1 Link to comment Share on other sites More sharing options...
Neo Posted July 13, 2018 Share Posted July 13, 2018 (edited) Dane should take the bet. He’d have to lose 50 consecutive years to pay out $10,000. For rounding, assume 30 teams in each league. Assuming parity, each team has a 1/30 chance of winning. At least one team winning is 2/30, or 1/15. Buffalo should have a “one or the other” once in each 15 year period, or over 3 times before he’s paid out $10,000 at $200 per year. Of course, I’m assuming the Buffalo teams are as likely as any other to win it all. If Dane declines, have the guy call me ... Edited July 13, 2018 by Neo Link to comment Share on other sites More sharing options...
Heavy Kevi Posted July 13, 2018 Share Posted July 13, 2018 I'd take the bet. Basically it's a decision if you think either team can win a championship over the next 50 years. I would HAVE to take it. I can't be that pessimistic, but I would also like to set up a possible twofer, as watching the Bills win a championship AND I get 10 grand- that would be a hard day to beat. Plus I would like to see a championship before I'm 83. Link to comment Share on other sites More sharing options...
Fadingpain Posted July 13, 2018 Author Share Posted July 13, 2018 57 minutes ago, White Linen said: How is "if either team wins a championship during the life of the bet" defined? Don't know. Wasn't really specified. I think he just meant that as long as they are continuing to do the bet. No word on expiration/automatic annual renewals or the like! I doubt the 2 guys would live long enough for the full 50 year term. Not sure how long they realistically would consider the bet lasting. Link to comment Share on other sites More sharing options...
1ManRaid Posted July 13, 2018 Share Posted July 13, 2018 (edited) I wouldn't take the bet solely on the fact there's no way in hell he would pay up the $10k. He's just trying to sucker $200 out of you. If he puts the money in some sort of guaranteed, notarized escrow in advance, then take the bet. Edited July 13, 2018 by 1ManRaid 1 Link to comment Share on other sites More sharing options...
Fadingpain Posted July 13, 2018 Author Share Posted July 13, 2018 27 minutes ago, 1ManRaid said: I wouldn't take the bet solely on the fact there's no way in hell he would pay up the $10k. He's just trying to sucker $200 out of you. If he puts the money in some sort of guaranteed, notarized escrow in advance, then take the bet. For purposes of the discussion, let's assume the friend has the $10,000 and would actually pay it if he lost the bet. Link to comment Share on other sites More sharing options...
cba fan Posted July 13, 2018 Share Posted July 13, 2018 39 minutes ago, Fadingpain said: For purposes of the discussion, let's assume the friend has the $10,000 and would actually pay it if he lost the bet. I would do the bet for this upcoming season only if I was the other guy who gets the $200 Link to comment Share on other sites More sharing options...
Misterbluesky Posted July 13, 2018 Share Posted July 13, 2018 4 hours ago, Fadingpain said: Hour 3 of Schopp and Bulldog today. Caller "Dane" (I think he said) calls in and asks Mike if he should accept this bet being offered by a co-worker. The deal is that if the football and hockey seasons both end with neither the Bills or Sabres winning a championship, Dane has to pay his friend $200. However, if either team wins a championship during the life of the bet, the other guy has to pay Dane $10,000. If you are Dane, do you accept the bet? Dane's friend/co-worker might be Russ Brandon... Link to comment Share on other sites More sharing options...
Bills Analyst Posted July 13, 2018 Share Posted July 13, 2018 Or you can invest 200 every year for 50 years at 5% and have 41,869.60. It would take 26 years to get to 10,000. Link to comment Share on other sites More sharing options...
row_33 Posted July 13, 2018 Share Posted July 13, 2018 7 hours ago, White Linen said: How is "if either team wins a championship during the life of the bet" defined? How about back to back regular seasons games that weren’t cringe-worthy? Link to comment Share on other sites More sharing options...
eball Posted July 13, 2018 Share Posted July 13, 2018 I don't think you take the bet. Instead, you bet $100 each on the Bills and Sabres winning the championship each season, getting Vegas odds. Link to comment Share on other sites More sharing options...
Neo Posted July 13, 2018 Share Posted July 13, 2018 37 minutes ago, eball said: I don't think you take the bet. Instead, you bet $100 each on the Bills and Sabres winning the championship each season, getting Vegas odds. Drane’s friend is giving much better odds than Vegas could. Link to comment Share on other sites More sharing options...
Daisy days Posted July 13, 2018 Share Posted July 13, 2018 Can Dane really trust his friend to pay him 10 grand..... and as far as life of net can the friend back out as soon as either team start getting good, or is it a predetermined amount of years Link to comment Share on other sites More sharing options...
Thurman#1 Posted July 13, 2018 Share Posted July 13, 2018 11 hours ago, Fadingpain said: If he takes the bet, $2,000 buys him 10 years of chances that the Bills or Sabres can win a championship....and if they did, he gets $10,000, so that's a nice profit. Then again, both organizations have been around for a long time with no NFL or NHL championships to date. Therein lies the conundrum. I doubt he will get the same offer every year. 10 hours ago, White Linen said: How is "if either team wins a championship during the life of the bet" defined? "... if the football and hockey seasons both end ..." Right? "... the ... both ..." That means two seasons. Not four or six or eight or more. He means this year only, doesn't he? I wouldn't take that bet. Why throw away the $200? 1 Link to comment Share on other sites More sharing options...
CowgirlsFan Posted July 13, 2018 Share Posted July 13, 2018 Define championship. Super Bowl? Stanley Cup? Link to comment Share on other sites More sharing options...
Thurman#1 Posted July 13, 2018 Share Posted July 13, 2018 https://wgr550.radio.com/media/audio-channel/07-12-schopp-bulldog-hour-3 (around 25:00) Ah, no, you guys were right. It's a continuous bet, $200 every year. So yeah, the key quote is "in the life of the bet," and how long that lasted. 19 minutes ago, CowgirlsFan said: Define championship. Super Bowl? Stanley Cup? Yes, having listened to the program just now, that's what he meant, Super Bowl or Stanley Cup. Link to comment Share on other sites More sharing options...
eball Posted July 13, 2018 Share Posted July 13, 2018 1 hour ago, Neo said: Drane’s friend is giving much better odds than Vegas could. Not when you presume you aren't going to "hit" on the bet for at least a few years. Neither the Bills nor Sabres should be expected to compete for a championship for the next two seasons, so by the end of season three he's already lost $600. Link to comment Share on other sites More sharing options...
buffaloboyinATL Posted July 13, 2018 Share Posted July 13, 2018 3 hours ago, eball said: Not when you presume you aren't going to "hit" on the bet for at least a few years. Neither the Bills nor Sabres should be expected to compete for a championship for the next two seasons, so by the end of season three he's already lost $600. I assumed from the OP that the $200 payout was a one time thing and the "lifetime of the bet" could mean many things including "ever". In which case it would be a worthwhile bet if you believed your friend would ever pay out the $10K in the event you win. If the "lifetime of the bet" means 1 year, it would be a foolish wager. Link to comment Share on other sites More sharing options...
RoyBatty is alive Posted July 13, 2018 Share Posted July 13, 2018 (edited) The Vegas odds for either the Bills or Sabres to win is 1.25% or combined 2.5%. If you were going to be indifferent and assuming no transactions cost (juice) to win $10 k your certainty equivalent would be $250, sine you are only laying $200 it is a good bet. Edited July 14, 2018 by RoyBatty is alive Link to comment Share on other sites More sharing options...
ricojes Posted July 13, 2018 Share Posted July 13, 2018 5 hours ago, CowgirlsFan said: Define championship. Super Bowl? Stanley Cup? Those would be championships... Link to comment Share on other sites More sharing options...
SNICE Posted July 13, 2018 Share Posted July 13, 2018 No brainer. Take the bet as long as friend can/will pay and bet cannot be changed or cancelled. Link to comment Share on other sites More sharing options...
Fadingpain Posted July 13, 2018 Author Share Posted July 13, 2018 5 hours ago, buffaloboyinATL said: I assumed from the OP that the $200 payout was a one time thing and the "lifetime of the bet" could mean many things including "ever". In which case it would be a worthwhile bet if you believed your friend would ever pay out the $10K in the event you win. If the "lifetime of the bet" means 1 year, it would be a foolish wager. The idea was $200 to be paid every year (for a period of years) that both teams fail to win a championship. Lifetime of bet means more than 1 year, though how long, exactly, wasn't really stipulated. The payout that would have only occurred once (and would presumably mark the end of the bet) was if the friend has to pay $10,000 b/c the Bills or Sabres won a championship. 9 hours ago, CowgirlsFan said: Define championship. Super Bowl? Stanley Cup? Yes for both. Link to comment Share on other sites More sharing options...
Buffalo Barbarian Posted July 14, 2018 Share Posted July 14, 2018 On 7/12/2018 at 7:15 PM, Fadingpain said: Hour 3 of Schopp and Bulldog today. Caller "Dane" (I think he said) calls in and asks Mike if he should accept this bet being offered by a co-worker. The deal is that if the football and hockey seasons both end with neither the Bills or Sabres winning a championship, Dane has to pay his friend $200. However, if either team wins a championship during the life of the bet, the other guy has to pay Dane $10,000. If you are Dane, do you accept the bet? Yes , I will be making money. Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 14, 2018 Share Posted July 14, 2018 On July 12, 2018 at 7:32 PM, billsredneck1 said: i'd take it and if either won a division championship, i'd demand 10k......no one said what championship. No such thing in the NFL. I wouldn't pay the 10k on that. Link to comment Share on other sites More sharing options...
billsredneck1 Posted July 14, 2018 Share Posted July 14, 2018 (edited) 2 hours ago, Mr. WEO said: No such thing in the NFL. I wouldn't pay the 10k on that. ?????there's no such thing as afce champions.?....or championship each year? Edited July 14, 2018 by billsredneck1 Link to comment Share on other sites More sharing options...
KD in CA Posted July 14, 2018 Share Posted July 14, 2018 On 7/13/2018 at 2:22 PM, Fadingpain said: The idea was $200 to be paid every year (for a period of years) that both teams fail to win a championship. Lifetime of bet means more than 1 year, though how long, exactly, wasn't really stipulated. The payout that would have only occurred once (and would presumably mark the end of the bet) was if the friend has to pay $10,000 b/c the Bills or Sabres won a championship. Yes for both. But that's the entire issue. Obviously no one would take that bet if it was just one year because 50:1 would be terrible odds for these two teams. The question becomes more interesting if it's "$200 per year until a championship or until expiration after 10 (or 20) years" (or some other number that offers a chance they could someday win one). And of course the dude putting up $10k would need to deposit it in an escrow account. Link to comment Share on other sites More sharing options...
Fadingpain Posted July 15, 2018 Author Share Posted July 15, 2018 2 hours ago, KD in CA said: But that's the entire issue. Obviously no one would take that bet if it was just one year because 50:1 would be terrible odds for these two teams. The question becomes more interesting if it's "$200 per year until a championship or until expiration after 10 (or 20) years" (or some other number that offers a chance they could someday win one). And of course the dude putting up $10k would need to deposit it in an escrow account. I think the spirit of the whole thing was that it would continue for a fairly lengthy time. His friend is basically saying "I'll pay you $10,000 when one of these miserable franchises wins a championship" because he is thinking it will, effectively, never happen. And in the meantime he keeps collecting $200 a year off his friend as a penalty for having faith one of the 2 teams can do it. How many years that would play out, exactly, wasn't mentioned. It was just a quick phone call. I do think "Dane" was being honest however; like I think he actually has a buddy at work who proposed this bet to him. As to whether or not his buddy would be good for the money, who knows. Maybe. It's a bet among friends. Link to comment Share on other sites More sharing options...
RocCityRoller Posted July 15, 2018 Share Posted July 15, 2018 Neither the Bills or Sabres are winning a Championship this year. Both teams are rebuilding. This is an easy bet. No. It sucks, but is the truth. $200 goes a long way on Lundy's Lane. 1 Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 15, 2018 Share Posted July 15, 2018 14 hours ago, billsredneck1 said: ?????there's no such thing as afce champions.?....or championship each year? You said "division championships".. There is no such thing. A championship requires a championship game or games where the tow best teams play.. Having the best record in the divison means you "win" the division. It grants you a playoff spot. Link to comment Share on other sites More sharing options...
billsredneck1 Posted July 15, 2018 Share Posted July 15, 2018 7 minutes ago, Mr. WEO said: You said "division championships".. There is no such thing. A championship requires a championship game or games where the tow best teams play.. Having the best record in the divison means you "win" the division. It grants you a playoff spot. but is the division winner not called champion(s)?...ie. afce champions? if used in a sentence consider, the ne patriots have 9 straight afce championships.... 1 Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 15, 2018 Share Posted July 15, 2018 4 minutes ago, billsredneck1 said: but is the division winner not called champion(s)?...ie. afce champions? if used in a sentence consider, the ne patriots have 9 straight afce championships.... nope. 9 straight division wins. Link to comment Share on other sites More sharing options...
billsredneck1 Posted July 15, 2018 Share Posted July 15, 2018 6 hours ago, Mr. WEO said: nope. 9 straight division wins. Ok whatever you win I'm out of this thread. It's a waste of time coming back to it. 2 Link to comment Share on other sites More sharing options...
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