Mike supports $SPORT team the Compressors. He's so sure they are unbeatable that he accepts 50:1 bets against them. Patrick bets 100$ that they won't win this year's championship; Mike accepts. Later, the Compressors announce financial troubles and can't pay the fee to enter the championship, which is then won by another team. Patrick reclaims his 5000$. Mike refuses to pay saying that the Compressors have not been beaten, and the championship result does not disprove his claim that the Compressors are unbeatable, which was the spirit of the bet since the beginning. Mike offers to refund the 100$. Patrick holds that the terms of the bet were met and he deserves the 5000$.

And the FAQ for the bet said that if a team can’t afford to enter the playoffs then the bet is off.

>$SPORT team the Compressors

They were lossless last season. :-D