Settle a bet

[LinusKS]

So my friend and I made a 10% swap on a tourny.

I limped into the money and he went out early.

My prize was 50, entry 20, so I say net = $30, his percent = $3.

He says he should get $5.

Who's right?

Please respond, because there's $2 riding on this, and we've agreed to let 2+2 settle it.

Thanks.

[eric5148]

Unless he paid 10% of your buyin, he gets 5% of the net win. I say you're right.

[mosquito]

He should get $5. No questions. Don't be cheap.

[bigalt]

i agree. in my experience (~0) these agreements are for the moneys paid.

[ttw22]

This might seem like a smartass approach, but...

Gross:
You: +$50
Him: +$0
Result: You give him $5

Net:
You: +$30
Him: -$20
Result: You give him $3 as 10% of your net amount, and he gives you -$2 as 10% of his net amount. Still means you give him $5.

[Losing all]

$5 and it's not close.

[JoePro]

Yup, it's 5$. I had a similar deal with a friend in a 100k guaranted tourney. Buy-in was 200+20, and he ended making 200. He didn't want to give me my 10% because he was arguing he was 20$ under. Perhaps you should agree on this before the tourney starts.