A Wagering Agreement Is Void

2. Two wrestlers agreed to play a wrestling match on the condition that the party, which did not appear on the set day, lost rule 500 to the counterparty, and the winner should receive the money from gate 1125. The defendant did not appear in the ring and the plaintiff sued him for 500 rupees. It was found that the agreement could not be considered one of the bets of the law, since neither party would lose after the result of the wrestling match. “This is the essence of the bet that each party should win or lose depending on the outcome of the uncertain event.”4 [4] Bets must also be paid from the money from the door, but not from one`s pocket. Exception in favour of certain prizes for horse racing – This section is not considered illegal for a subscription, contribution or subscription or contribution agreement, made or received for or for a plate, prize or sum of money of a value or amount equal to or greater than five hundred rupees awarded to the winner(s) of a horse race. Section 294-A of the Indian Penal Code is not affected – Nothing in this Section shall be considered to legalising transactions relating to horse racing to which the provisions of Section 294-A of the Indian Penal Code apply. Each game has the chance to win or lose. Here, the gain of one game will be the loss of the other and vice versa….