Common Contracts
1 similar Betting Agreement contracts
BettingBetting Agreement • July 5th, 2006
A bet is an agreement between two parties, whereby money is paid to the party that correctly predicts the outcome of an event. The Gambling Act defines betting as: “making or accepting a bet on the outcome of a race, competition or other event or process; the likelihood of anything occurring or not occurring; or whether anything is or is not true”. The current law allows betting to take place either on-course (for example, at horseracing events), or off-course (i.e. within betting shops or remotely via telephone or online betting accounts). Pools betting at home or at dog tracks and football pools betting are also permitted.
