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.