Section 30 - Agreements by way of wager void : Indian Contract Act
Is Agreements by way of wager void? Section 30 of Indian Contract Act
Section 30 of Indian Contract Act 1872 : "Agreements by way of
30. Agreements by way of wager are void; and no
suit shall be brought for recovering anything
alleged to be won on any wager, or entrusted to any
person to abide by result of any game or other
uncertain event on which any wager is made.
Exception in favour of certain prizes for horse-racing.-This
section shall not be deemed to render unlawful a subscription or
contribution, or agreement to subscribe or contribute, made or
entered into for or toward any plate, prize or sum of money, of
the value or amount of five hundred rupees or upwards, to be
awarded to the winner or winners of any horse-race1.
Section 294A of the Indian Penal Code not
affected.-Nothing in this section shall be deemed to
legalize any transaction connected with
horse-racing, to which the provisions of section
294A of the Indian Penal Code (45 of 1860) apply.