Help settle a bet

[JackWilson]

So I'm in the cafeteria with a bunch of friends yesterday. My one friend switched his degree this year and he's doing 1st-year English. My other friend is an English major doing some post-graduate stuff.

So 1st-year friend is studying for a test and is struggling with a poem and he asks our opinion. Obviously English Major goes off on a long tirade about everything and I read the poem and disagree. So we decided to have a bet. We're gonna find out on Monday probably but my friend wants to up the bet from R200 to R500 (it's about $30 and $75 respectively) after he's done some "research."

Should I take his offer?

Here's the poem. Our different interpretations follow in white:

Sonnet 1: Samuel Daniel

Unto the boundless Ocean of thy beauty
Runs this poor river, charg'd with streams of zeal:
Returning thee the tribute of my duty,
Which here my love, my youth, my plaints reveal.
Here I unclasp the book of my charg'd soul,
Where I have cast th'accounts of all my care:
Here have I summ'd my sighs, here I enroll
How they were spent for thee; look what they are.
Look on the dear expences of my youth,
And see how just I reckon with thine eyes:
Examine well they beauty in my truth,
And cross my cares ere greater sums arise.
Read it, sweet maid, though it be done but slightly;
Who can show all his love, doth love but lightly.

Interpretations in white below:
<font color="white">We both agree it's about unrequited love, but I think it's about the poet going back to try and get with this woman who he loved when he was younger. He tried earlier in his life but got shot down by her. Now he's really opening up to her and pouring his feelings out to her in the form of a poem (I think, not sure about that). He's also saying there's even more love for her than he can possibly write down.

My friend thinks it's about the poet cutting his losses after possibly being in some sort of relationship with this woman and he's had enough now of her not loving him. He says the poet feels like he wasted his youth with this woman. He still thinks she's beautiful and everything but he's giving up on her. </font>