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How does the bounty system work?

I was having a question on stackoverflow which didn't get much attention for a week, I added a bounty of +50 to it. Now I got the solution to that question from my friend. I would like to remove bounty from that question. How can I do that?

marked as duplicate by jonsca, ChrisF, BinaryMisfit, kiamlaluno, Pops Oct 21 '11 at 13:58

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    You can't remove it and you can't get your reputation back. What you can do is to choose to not award it. You could also have your friend write an answer and reward it. – N.N. Oct 21 '11 at 11:32
  • @N.N. - Should've been an answer... – Kevin Vermeer Oct 21 '11 at 12:57
  • @KevinVermeer I guess, but it seems redundant to add it as an answer now as Beofett's answer is quite similar. – N.N. Oct 21 '11 at 13:03
  • I wished I knew this earlier :D – FranzHuber23 Apr 5 at 6:56

You can't. The rep from your bounty offer is removed as soon as you place the bounty.

You can choose not to award it, but the highest voted answer created after you award the bounty with at least two upvotes will still receive 50% of the bounty once it expires.

Since you added the bounty to your own question, if you accept an answer, it will automatically receive the full bounty once it expires if you do not manually award it.

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    Might want to note that another solution is to have the friend sign up for SO and award the bounty to him, although they'd have to be careful about interaction between the accounts... – Kevin Vermeer Oct 21 '11 at 13:17
  • You can also write the answer up yourself so that others running in the the problem may benefit from your solution. However, you can't award a bounty to yourself. – N.N. Oct 21 '11 at 13:54

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