Betting Protocol

[saden1]

So there's this homeless guy near where I work who sets up a radio and cardboard scoreboard during the Seahawks and Mariners games. This homeless guy has an area the size of a football field on lock down. In the last 4 years no other homeless person has encroached on his territory (the best territory in town IMO).

A week ago a co-worker and I were conversing about the homeless guy and I said the homeless guy must be a tough SOB no one can f*ck with to keep his territory for so long. My co-worker who wasn't inebriated said he could and that he could have the same exact setup just a few feet away from him if he wanted to. I said "I got $50 that says you couldn't" and he said "you're on."

My co-worker comes to me a few days ago and proclaims that his conscious/morality wouldn't let him go through with the bet and that I should let him out of if. He's willing to pay the $50 but he thinks it's pretty low of me to not let him out of the bet. Is he right? Would you let him out of the bet?