I haven't done this yet because I dont use paypal, and purchasing btc with a credit card seems to takes a while. The idea behind the bet was that I could get that sort of btc quickly via loan. I will not cheat, I would rather pay up.
I have been out of the loop for a while and do not really know what is a scam, and whats legit so little time to do enough research. I was pretty foolish for taking the bet. Thank you for the advice though. Looks like I will have to figure out a way to get my trust up here a bit.