Wager Mage
Photo by Pavel Danilyuk Pexels Logo Photo: Pavel Danilyuk

Are bets legally enforceable?

Enforceability. Under contract law, bar bets may or may not be legally binding, and the winning party may have difficulty having a court enforce the bet. A written contract, drawn up soberly the next day and signed by both parties, can avoid doubt.

en.wikipedia.org - Bar bet - Wikipedia
What's the best day to win at a casino?
What's the best day to win at a casino?

Payouts are higher throughout the weekend: Many gamblers believe payouts are higher on Saturday and Sunday due to a higher turnout during the...

Read More »
Who became rich by betting?
Who became rich by betting?

Alan Woods Net Worth: $670 Million Gambler and Mathematician Alan Woods was one of the biggest sports betting millionaires.

Read More »

A bar bet is a bet made between two patrons at a bar. Bar bets can range from wagers about little-known trivia, such as obscure historical facts, to feats of skill and strength. Some bar bets are intended to trick the other party into losing.

Famous bar bets [ edit ]

Enforceability [ edit ]

Under contract law, bar bets may or may not be legally binding, and the winning party may have difficulty having a court enforce the bet. A written contract, drawn up soberly the next day and signed by both parties, can avoid doubt. For example, if one or both parties are intoxicated when the bet is made, they may be found to lack capacity to agree to a contract, and the contract thus found void or voidable. However, the fact that the agreement is oral but not written does not undermine it: oral contracts are valid, though certain contracts must be written, under the statute of frauds, such as for the transfer of land.

Trick bets [ edit ]

In the UK in particular, bar bets are tricks which the "mark" cannot win. They usually depend upon a condition set in the bet that the mark doesn't notice. Some famous examples: The mark is told that a coin of a particular denomination has been made so it cannot be laid on its edge. The trickster offers him a sum of money for any the mark can lay on edge. When the mark succeeds, the trickster grabs the coin and rewards him with the promised sum - which is always less than the value of the grabbed coin. The trickster bets a mark who has just bought a drink that he can swallow the drink without touching the glass or using a straw. When the bet is taken, the trickster grabs the drink and swallows it - and hands over the wagered sum, again much less than the value of the drink. A darts player is bet by the trickster that he will lose a game, even though offered many advantages, one of which is always that the mark's scores will be doubled. Only when close to finishing does the mark realise that because he started from an odd number (say, 201) he cannot finish on a double (as is traditional in darts) because he always has an odd score as a target. The trickster can continue to play from, say, 1001, but is bound to win eventually. A mark is informed that it is possible to push a wine glass through the handle of a pint jar without breaking either. When he accepts the bet, the trickster places the wine glass next to the handle and pokes it with a finger that passes through the handle. A mark is told that if he stands in the middle of the floor, by the time the trickster has walked around him three times, the mark will have walked away from the encounter. Various conditions ensuring no violence will be used are given, but when the bet is taken the trickster simply sits down, leaving the mark stranded in the middle of the bar. Some bar bets are physical impossibilities rather than word-based tricks, such as that supposedly invented by music hall star Tommy Trinder. Sometimes collectors of bar bets will battle each other to see which one knows the most tricks. It is a given that each must accept the bet proposed by the other.

References [ edit ]

Further reading [ edit ]

How much cash can be paid in a day?
How much cash can be paid in a day?

Section 40A(3) of the Income Tax Act, read with rule 6DD of Income Tax Rules, says that an GETTYIMAGES assessee cannot make cash payments of more...

Read More »
How much money do you need to be a bookie?
How much money do you need to be a bookie?

Becoming a bookie isn't as simple as coming up with sports bets. You must have enough funds to afford things like software, payouts, and other...

Read More »

How much is withdrawal limit per day?
How much is withdrawal limit per day?

Ahead of the release of the newly redesigned Naira notes, the Central Bank of Nigeria (CBN) has made good its warning that it will greatly restrict...

Read More »
How long does it take to get the $50 from FanDuel?
How long does it take to get the $50 from FanDuel?

within 72 hours If applicable, the Referral Bonus will be credited to your FanDuel Account within 72 hours of the Referee fulfilling the Wager...

Read More »
Is wagering the same as gambling?
Is wagering the same as gambling?

Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning...

Read More »
How much trouble can a bookie get in?
How much trouble can a bookie get in?

Bookmaking is a wobbler offense. This means that depending on the circumstances of the case and your criminal history, you may be charged with...

Read More »