Famous bar bets [ edit ]

Enforceability [ edit ]

In a jurisdiction, bar bets may or may not legally binding. Especially 2️⃣ if gambling is illegal in the winning party's jurisdiction, it may difficult to have a court enforce the bet. [8] 2️⃣ A written contract, drawn up soberly the next day and signed by both parties, can avoid doubt.

However, the fact that 2️⃣ the agreement is oral but not written does not undermine it: oral contracts are valid,[10] though certain contracts must be 2️⃣ written, under the statute of frauds, such as for the transfer of land.[11]

Further reading [ edit ]