Quote Originally Posted by Steve-O View Post
Quote Originally Posted by JimmyG_415 View Post
Well that is a whole other discussion. I don't see this holding up in court, and even if so, I think him canceling is enough.
NOW I'M DONE (3rd time is the charm), I'm not looking at this thread again,

This conversation had been exhausting, LOL
Could you imagine being one of the backers?????
I probably couldn't sleep.

Quote Originally Posted by Steve-O View Post

Of course there is. Agreeing to something and having it in writing on the Internet is most certainly a contract, especially with his later admissions of what happened. 10x the money to make it worth the time and trouble and he loses 100% of the time in court.
because I don't think if he told them before the event he is out, any court would make him pay. And if they did, so what at least he tried to get out.
one party can't cancel a contract. It has to be mutual. "JimmyG415 I know you are five years into paying your mortgage but we found someone else who will pay more. Get out." "Sorry Toyota, I changed my mind about this car, you can have it back."

Unless he specifically said I have the option to end the stake at any time for any reason, no dice. If he doesn't play the ME he owes them a refund; if he plays the ME the backers can either A) hold him to his original agreement and forego a refund or B) accept the refund. They can't have it both ways, and he can't make the decision for them. There is a huge difference in saying: "I'm ending the stake because I'm broke." and "I'm ending the stake because I'm broke but I'm still playing in the ME." Hell, even "I'm cancelling the stake because I'm broke," and then three days later "good news, found a new backer," is acceptable to me. the way he did it was like spitting in their face, "I blew through all your money so I can't play the Main Event for you, instead I'm playing for this guy."

So you are telling me there are actual cases, gambling related, where the investor (who got screwed by the gambler) got his money back?

I'm just having a hard time thinking a poker player's forum post begging for stakes holds the same water as a deed of trust, which needs witness's and/or has to be notarized.