Bet

3 A wager, — the act or the amount. "Bet" and "wager" are synonymous * terms, applied to the contract of betting and ■wagering and to the thing or sum bet or w^agered. They may be laid upon games and upon things that are not games.* A " bet " or wager is ordinarily an agreement between two or more that a sum of money or some valuable thing, in contributing which all agreeing take part, shall become the property of one or some of them on the happening in the future of an event at present uncertain; while the " stake " is the money or other thing thtis put upon the chance. Each party gets a chance of gain from others, and takes a risk of loss of his own to them.5 "Illegal gaming imphes gain and loss between the parties by betting, such as would excite a spirit of cupidity." A "purse," " prize," or "premium " is ordinarily some valuable thing offered by a person for the doing of something by others, into the strife for which he does not enter. He has not a chance of gaining the thing offered; if he abide by his offer, that he must give it over to some of those contending for it is reasonably certain. "Bet or stakes" and "bet or wager " have substantially the same meaning.' dicott.

J.; Saltonstall v. Sanders, 11 Allen, 470 (1865), Gray, J.; Jones v. Habersham, 107 U. S. 185 (1888); Adye v. Smith, 44 Conn. 60 (1876). 1 Evans v. Price, 118 111. 599 (1886); Ladd v. Harvey, 21 N. H. 538 (1850); Lasher v. Lasljer, 13 Barb. 109-10 (1852); Laing v. Barbour, 119 Mass. 525 (1876), cases. 2 Bartlett v. Slater, 53 Conn. 110 (1886).

3 For abet, to maintain. * Woodcock V. Mc Queen, 11 Ind. 16 (1858), Perkins, J. A bet on an election means on the result of the election.'

See Game, 2; Waqeb.