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Famous bar bets [ edit ]

Enforceability [ edit ]

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

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

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

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