Bet

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.