Occurs when the debt owed from a friendly bet between two friends rises to an uncomfortable level causing one friend to cut ties with the other in lieu of paying up.
Robbie: "Did Justin ever make good on that golf wager you two made"
Randy: "Wouldn't know, he hasn't talked to me in weeks and he won't return my emails."
Robbie: "Sounds like you are the victim of a strategic friendship default."
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