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, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 23 July 2018 <http://dx.doi.org/10.1163/2352-0272_emho_COM_030323>
First published online: 2015
First print edition: 20160907



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