Legal Definition and Related Resources of Betting

To bet is the backing of a forecast by offering to forfeit in the case of an adverse issue , a sum of money or article of value to one who maintains the opposite and who backs his opinion by a corresponding stipulation ; the staking of money or other value on the event of a doubtful issue. See Shaw v Clark, 13 N. W. 786, 49 Mich. 384.

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Betting in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Betting in Historical Law in the Encyclopedia of Law.

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