Betting
(1,107 words)

1. Definition and term

Bets are contractual agreements between several parties who have contradictory opinions about something. The party whose assertion turns out to be correct receives from the other(s) a previously set payment. There has to be at least one choice but there cannot be more possible results than there are betting opponents. The outcome may not be previously known to the participants, and the result mu…

Cite this page
Wolf, Henriette, “Betting”, in: Encyclopedia of Early Modern History Online, Executive editor of the English edition: Graeme Dunphy. Consulted online on 26 March 2017 <http://dx.doi.org/10.1163/2352-0272_emho_COM_030323>
First published online: 2015
First print edition: 20160907



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