Is Agreements by way of wager void? Section 30 of Indian Contract Act 1872
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.
Section 21 - Effect of mistakes as to law
Section 22 - Contract caused by mistake of one party as to matter of fact
Section 23 - What considerations and objects are lawful and what not
Section 24 - Agreements void, if considerations and objects unlawful in part
Section 25 - Agreement void, if made without consideration
Section 26 - Agreement in restraint of marriage void
Section 27 - Agreement in restraint of trade void
Section 28 - Agreements in restraint of legal proceedings void
Section 29 - Agreements void for uncertainty
Section 30 - Agreements by way of wager void
CHAPTER III CONTINGENT CONTRACTS
Section 31 - Contingent contract defined
Section 32 - Enforcement of contracts contingent on an event happening
Section 33 - Enforcement of contracts contingent on an event not happening
Section 36 - Agreements contingent on impossible events void
CHAPTER IV THE PERFORMANCE OF CONTRACTS
Section 37 - Obligation of parties to contracts
Section 38 - Effect of refusal to accept offer of performance
Section 39 - Effect of refusal of party to perform promise wholly
By whom contracts must be performed