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Is a bet considered an enforceable contract? What if it's written and signed by both parties?

Is a bet considered an enforceable contract? What if it’s written and signed by both parties?

Published December 22, 2010

by wallyg

Question by Country_Woman_TX: Is a bet considered an enforceable contract? What if it’s written and signed by both parties?
i.e. can a reneger be sued for non-performance of a verbal contract?
Everybody seems to assume the bet is in some way illegal. I’m talking about me and next door neighbor betting on a basketball game in the confines of my home (for example). Say it’s also witnessed by 3 others.
Duncan,
You had me before I read answer. What a handsome Silky Terrier.

Best answer:

Answer by ladystang
sure, then you both get in trouble for gambling.

Know better? Leave your own answer in the comments!

Posted in Music Contract Information | Tagged Both, considered, Contract, enforceable, it's, parties, Signed, written