When and how is a "bet" considered a promise, and what exactly is a bet versus a promise?

[Dante]

When and how is a "bet" considered a promise, and what exactly is a bet versus a promise? - A commitment versus a formal promise?

The question is worth considering. It's a philosophical question.

I stumbled upon the AI feed on a Google page and this popped up:

While a "bet" can sometimes be used casually to signify agreement or confirmation, which could be interpreted as a kind of promise, in its literal sense, a bet is not considered a legally binding promise as it is specifically a wager on an uncertain outcome, and not a commitment to perform a specific action; therefore, it's not fully equivalent to a promise.

Key points to remember:

Slang usage:
In casual conversation, "bet" is often used as slang to mean "okay" or "agreed," which could be seen as a casual way of confirming a commitment, but not a formal promise.

Legal implications:
A bet is considered a contract in some situations, but its enforceability can vary depending on the jurisdiction and the nature of the wager.

Essential element of a bet:
A key aspect of a bet is that it involves risk and uncertainty about the outcome of an event, which is not always present in a traditional promise.

Bet Definition & Meaning - Merriam-Webster
Kids Definition * : an agreement requiring the person whose guess about the result of a contest or the outcome of an event proves...
Merriam-Webster

Definition: bet or wager from 31 USC § 5362(1) | LII / Legal ...
— The term “bet or wager”— (A) means the staking or risking by any person of something of value upon the outcome of a contest of o...
Law.Cornell.Edu

wagering contract definition · LSData - LSD.Law
A wagering contract is a type of contract that involves placing a bet on the outcome of an event. It is an agreement between two o...
LSD.Law

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What is a commitment? What exactly is a formal promise, and how does it differ from a commitment?

Inquiring minds want to know.

 

[luiza]

When and how is a "bet" considered a promise, and what exactly is a

Inquiring minds want to know.

No .

 

[Dante]

No .

No?

 

[rightwinger]

When and how is a "bet" considered a promise, and what exactly is a bet versus a promise? -

A bet is a promise to pay if you lose

 

[Dante]

A bet is a promise to pay if you lose

The OP quote:
(partial)
"While a "bet" can sometimes be used casually to signify agreement or confirmation, which could be interpreted as a kind of promise, in its literal sense, a bet is not considered a legally binding promise as it is specifically a wager on an uncertain outcome, and not a commitment to perform a specific action; therefore, it's not fully equivalent to a promise."

legally? LOL reminds me of an argument that has gone on for years now -- right here @ usmb

When and how is a "bet" considered a promise, and what exactly is a bet versus a promise?

When and how is a "bet" considered a promise, and what exactly is a bet versus a promise? - A commitment versus a formal promise? The question is worth considering. It's a philosophical question. I stumbled upon the AI feed on a Google page and this popped up: While a "bet" can sometimes be...

www.usmessageboard.com

 

[luiza]

No?

As in No .
Uninterested .

Both can be Verbal contracts if you can produce independent support evidence .

 

[rightwinger]

While a "bet" can sometimes be used casually to signify agreement or confirmation, which could be interpreted as a kind of promise, in its literal sense, a bet is not considered a legally binding promise as it is specifically a wager on an uncertain outcome, and not a commitment to perform a specific action; therefore, it's not fully equivalent to a promise."

Yea……try that one with a bookie when he sends a goon to collect

 

[White 6]

When and how is a "bet" considered a promise, and what exactly is a bet versus a promise? - A commitment versus a formal promise?

The question is worth considering. It's a philosophical question.

I stumbled upon the AI feed on a Google page and this popped up:



What is a commitment? What exactly is a formal promise, and how does it differ from a commitment?

Inquiring minds want to know.

Just pay the bookie. You should not have made the promise.

 

[Dante]

As in No .
Uninterested .

Both can be Verbal contracts if you can produce independent support evidence .

Uninterested in what exactly?

and..

unsure wtf your "Both..." comment is attempting to address

 

[shockedcanadian]

When and how is a "bet" considered a promise, and what exactly is a bet versus a promise? - A commitment versus a formal promise?

The question is worth considering. It's a philosophical question.

I stumbled upon the AI feed on a Google page and this popped up:



What is a commitment? What exactly is a formal promise, and how does it differ from a commitment?

Inquiring minds want to know.

I suppose it depends on the context really.

 

[Dante]

"While a "bet" can sometimes be used casually to signify agreement or confirmation, which could be interpreted as a kind of promise, in its literal sense, a bet is not considered a legally binding promise as it is specifically a wager on an uncertain outcome, and not a commitment to perform a specific action; therefore, it's not fully equivalent to a promise." - AI

 

[Dante]

I suppose it depends on the context really.

context and a bit more

yes, I believe the same

 

[shockedcanadian]

Just pay the bookie. You should not have made the promise.

That made me spit out my tea.

I can imagine him reasoning with Brutis after he foolishly bet on the Leafs vs the Jets, "look, I know you think I owe you a grand, but it was a PROMISE, not a wager. I'm known to not keep my promises, sorry".

I just hope this doesn't end in violence.

 

[JoeMoma]

 

[Crepitus]

Yea……try that one with a bookie when he sends a goon to collect

Hide your kneecaps!

 

[NewsVine_Mariyam]

When and how is a "bet" considered a promise, and what exactly is a bet versus a promise? - A commitment versus a formal promise?

The question is worth considering. It's a philosophical question.

I stumbled upon the AI feed on a Google page and this popped up:

What is a commitment? What exactly is a formal promise, and how does it differ from a commitment?

Inquiring minds want to know.

This is the answer - '...it is specifically a wager on an uncertain outcome' - you're guessing on what the outcome will be, while a promise is pretty much a guarantee to do something specifically - a certain act.

 

[Dante]

This is the answer - '...it is specifically a wager on an uncertain outcome' - you're guessing on what the outcome will be, while a promise is pretty much a guarantee to do something specifically - a certain act.

 

[NewsVine_Mariyam]

Yeah, I know. Lawyers, what can you do?!?

 

[The Duke]

Is this a subtle Liability tribute?

 

[HeyNorm]

Just redefine the term. Redefining terms is big in the progressive minds these days.

Glad I could help.