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Famous bar bets [ edit ]

Enforceability [ edit ]

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

For example, if one 💸 or both parties are intoxicated when the bet is made, they may be found to lack capacity to agree to 💸 a contract, and the contract thus found void or voidable.[9]

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