Bet - Law Dictionary Search Results
Home Dictionary Name: bet Page: 2Horse-racing
Horse-racing, a lawful pastime. By 13 Geo. 2, c. 19, no plates or matches at horse-races under 50l. value could be run, under penalty of 200l. to be paid by the owner of the horse or horses, and 100l. by the advertiser of the plate. This was repealed by 3 & 4 Vict. c. 5. Formerly wagers of not more than 10l. on a legal horse-race could be recovered by action, but now all wagers are void by the Gaming Act, 1845 (8 & 9 Vict. c. 109), and 'no better illustration can be given of a wagering contract than a bet on a horse-race', Carlill v. Carbolic Smoke Ball Co., (1892) 2 QB 490, per Hawkins, J. See also RAE COURSE and GAMING.The horse-racing is a sport which primarily depends on the special ability acquired by training. It is speed and stamina of the horse, acquired by training, which matters. Jockeys are experts in the art of riding. Between two equally fast horses, a better trained jockey can touch the winning post. K.R. Lakshmanan v. State of Tamil Nadu, AIR 1996 SC 1153: (1996) 2 SCC 2...
Betting transaction
Betting transaction, includes the collection or payment of winning on a bet and any transaction in which one or more of the parties is acting as bookmaker, Halsbury's Laws of England, 4th Vol. 4(1), 4th Edn., Para 45, p. 30....
Soapwort
A common plant Saponaria officinalis of the Pink family so called because its bruised leaves when agitated in water produce a lather like that from soap Called also Bouncing Bet...
parlay
To wager the winnings plus the initial stake of one bet on a subsequent wager or to engage in a series of such increased wagers...
Fan tan
A Chinese gambling game in which coins or other small objects are placed upon a table usually under a cup and the players bet as to what remainder will be left when the sum of the counters is divided by four...
Bet
That which is laid staked or pledged as between two parties upon the event of a contest or any contingent issue the act of giving such a pledge a wager...
good
good bet·ter best 1 : commercially sound or reliable [a risk] 2 a : valid or effectual under the law b : free of defects 3 a : characterized by honesty and fairness b : conforming to a standard of virtue [shall hold their offices during behavior "U.S. Constitution art. III"] ;also : characterized by or relating to good behavior n 1 : advancement of prosperity and well-being [for the of the community] 2 : an item of tangible movable personal property having value but usually excluding money, securities, and negotiable instruments usually used in pl. : as a pl : all things under section 2-105 of the Uniform Commercial Code that are movable at the time of identification to the contract for sale other than the money that is to be paid, investment securities, and choses in action b pl : all things under section 9-104 of the Uniform Commercial Code that are movable at the time that a security interest in them attaches or that are fixtures but excluding money, documents,...
Coupon betting
Coupon betting, means the making of bets in pursuance of an invitation which offers stated odds for a choice of bets, being bets of a description not commonly made without such an invitation, unless made by way of pool betting and not of a description commonly made by means of a totalisator, Betting and Gaming Duties Act, 1981, s. 11 (UK) Halsbury's Laws of England, Vol. 4(1), para 175, p. 126....
Racecourse Betting Control Board
Racecourse Betting Control Board. A board appointed under (English) Racecourse Betting Act, 1928, for the control of totalisators on approved racecourses. It consists of a chairman appointed by the Home Secretary, and eleven members, one of whom is appointed by the Home Secretary, one by the Secretary of State for Scotland, and one by the Minister of Agriculture and Fisheries; one by the Chancellor of the Exchequer, and the remainder by certain racing organisations. The (English) Betting and Lotteries Act, 1934, s. 18, amends the powers of the Board and interprets certain sections which give rise to doubts. This power of authorising a person to set up a totalisator is limited to giving such authority to the persons having the management of the racecourse....
Street betting
Street betting. The suppression of this is provided for by the (English) Street Betting Act, 1906. See BETTING....
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