Bet

An agreement that some valuable thing or sum of money, in contributing which all the parties take part, shall become the property of some one or more of them on the happening of some event which is at present uncertain. 81 N. Y. 539. See, also, 7 Port. (Ala.) 465. "If one of the parties may gain, but cannot lose, and the other may lose, but cannot gain, and there must be either a gain by the one, or a loss by the other, according to the happening of the contingency, it is as much a bet or wager as if the parties had shared equally the chances of gain or loss." 15 Grat. (Va.) 661. The words "bet" and "wager" are synonymous. 11 Ind. 16.

V. Wager.

Bet and wager are synonymous terms, and are applied both to the contract of betting or wagering and to the thing or sum bet or wagered. For example, one belts or wagers, or lays a bet or wager of so much, upon a certain result. But these terms can. not properly be applied to the act to be done, or event to happen, upon which the bet or wager is laid. Bets or wagers may be laid upon acts to be done, events to happen, or facts existing or to exist. The bets or wagers may be illegal, and the acts, events, or facts upon whieh they are laid may not be. Bets or wagers may be laid upon games, and things that are not games. Lverything upon which a bet or wager may be laid is not a game. 11 Ind. 16. See, alse, 81 N. Y. 539.

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.