Betting Contract
/ˈbɛtɪŋ ˈkɒntrækt/
Definitions
- (n.) A legally binding agreement between parties outlining terms for wagering on uncertain future events.
The betting contract specified the payout conditions if the chosen team won.
Forms
- betting contract
- betting contracts
Related terms
See also
Commentary
Betting contracts must clearly define the terms and conditions to ensure enforceability, given the variable legality of gambling arrangements in different jurisdictions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.