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]