Death: what happens to a gambler's debt?

Presto · Jun 26, 2008

A friend was telling me a story about someone they knew who was murdered on SB Sunday many years ago. The victim had a bunch of money on the game. She was murdered by her bad news brother (had nothing to do with the game). Anyway, I had to ask how the bet went. My friend said the wager was a winner. I then asked did anyone collect the winnings? I guess the victims' mother ended up collecting and then paying a defense lawyer to try and help her son.

So what happens when a gambler places a bet and then dies shortly after? Obviously this would most likely involve a credit account.
I have read the debt dies with the gambler, but I don't know if that is always the case. And what if the deceased is owed a bunch of money? Is the BM obligated to pay a friend or relative of the deceased?

5teamparlay · Jun 26, 2008

http://www.therxforum.com/showthread.php?t=292871&highlight=debt

But would depend IMO.

bellyputter · Jun 26, 2008

The debt dies.

punter · Jun 26, 2008

Ever wonder why most books have grey hair.

bookie · Jun 26, 2008

steaktartar · Jun 26, 2008

death cancels all debts

D2bets · Jun 26, 2008

steak tartar said:
death cancels all debts

No it doesn't. The debt becomes a claim against the decedent's estate. If the decedent owned property, then potential creditors can file claims against the decedent's estate to collect.

steaktartar · Jun 26, 2008

D2bets said:
No it doesn't. The debt becomes a claim against the decedent's estate. If the decedent owned property, then potential creditors can file claims against the decedent's estate to collect.

bookmaking debts..........this a 50 year old rule.........i dont care about other debts i have none

wilheim · Jun 26, 2008

Depends if any teasers had a tie involved in them.

wil..:drink:

bellyputter · Jun 26, 2008

steak tartar said:
bookmaking debts..........this a 50 year old rule.........i dont care about other debts i have none

steak, if i die, are you going to get those drinks i owe you(Tom Weiskopf) from my heirs? :grandmais

degengambler · Jun 26, 2008

Gambling Debts

Steak Tarter Is 100% Correct

I Have Known Bookies Who Owed The Deceased Money
To Locate The Wife Or Next Of Kin And Pay Money
If The Deceasred Was Owed Money

steaktartar · Jun 26, 2008

bellyputter said:
steak, if i die, are you going to get those drinks i owe you(Tom Weiskopf) from my heirs? :grandmais

money i wouldn't care....drinks ill have to collect on those someday:grandmais

steaktartar · Jun 26, 2008

degengambler said:
Steak Tarter Is 100% Correct

I Have Known Bookies Who Owed The Deceased Money
To Locate The Wife Or Next Of Kin And Pay Money
If The Deceasred Was Owed Money

yup........if you know the family you try and pay the wife if you owe the customer......but if he owes and dies it is done deal.....even steven

Doug · Jun 26, 2008

D2bets said:
No it doesn't. The debt becomes a claim against the decedent's estate. If the decedent owned property, then potential creditors can file claims against the decedent's estate to collect.

Sure, if legal, like a marker to the Mirage, but not really if to a local, or a credit operation in CR.

Doug · Jun 26, 2008

wilheim said:
Depends if any teasers had a tie involved in them.

wil..:drink:

:lolBIG::toast::nohead:

TheMailman · Jun 26, 2008

Here is an interesting question (at least to me)

Lets say a player has an offshore account with a reputable book. Clearly the book has no way of knowing if the player goes for a dirt nap. After a period of inactivity would a book try to contact the player or at least try to correspond with the address of record? Anyone know.? i ask because tomorrow is guarenteed to no one and at times i have some real coin off shore.

NES · Jun 26, 2008

I doubt they would try to track you down to tell you have a positive balance, highly doubt it.

buddym · Jun 26, 2008

Old Debt's

I could tell a hundred stories about this over the last 35 years. One thing i know for sure, i have not collected one penny from anyone that died or have never called to collect. The other side of the coin is i have paid probably 25 to 35 cases of people dying where the wife, brother, or Mother has called and wanted to know when i would pay and had a million stories to go with it.One wife called and said you owed my husband 13,500 and when could i collect. I almost fell out of my chair as i had collected from the customer the week before and told him i wouldnt take anymore plays until he got better because he didn't even know his name at this stage of his illness and i just didn't feel right about it. I asked her how she got this info and she said she called another B/M and he said the deceased owed him6dimes but i owed him 13,500.He kept a great set of books ,however his wife didn't know how to decipher the wins and losses. I told her i would help her collect the monies and show her how i didn't owe the money.Don't know if she ever got the money, but i doubt it and i never heard another thing but it probably got talked about around the dinner table.:sad3:

bellyputter · Jun 26, 2008

TheMailman said:
Here is an interesting question (at least to me)

Lets say a player has an offshore account with a reputable book. Clearly the book has no way of knowing if the player goes for a dirt nap. After a period of inactivity would a book try to contact the player or at least try to correspond with the address of record? Anyone know.? i ask because tomorrow is guarenteed to no one and at times i have some real coin off shore.

Christmas party fund. :grandmais :drink:

arty:

Timetopay · Jun 26, 2008

What would be the best way to fake death.

Thanks!

Death: what happens to a gambler's debt?

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