- Betting• Defined as the backing of an affirmation or forecast by offering to forfeit, in case of an adverse issue, a sum of money or article of value to one who, by accepting, maintains the opposite and backs his opinion by a corresponding stipulation
Catholic Encyclopedia. Kevin Knight. 2006.
- BettingBetting† Catholic_Encyclopedia ► BettingA bet may be defined as the backing of an affirmation or forecast by offering to forfeit, in case of an adverse issue, a sum of money or article of value to one who, by accepting, maintains the opposite and backs his opinion by a corresponding stipulation.Although there are no Federal Statutes in the United States on this matter, many of the states make it a penal offence when the bet is upon a horse-race, or an election, or a game of hazard. Betting contracts are also frequently made void. Similarly in Great Britain betting in streets and public places, and the keeping of betting houses are forbidden by law, and wagering contracts are null and void. Such laws are just and useful, inasmuch as they serve to keep within the bounds of decency the dangerous habit of gambling, and the many evils which are usually associated with it.Although betting is to be discouraged as being fraught with danger, and although it may be morally wrong, still in particular cases it is not necessarily so. As I may give the money of which I have the free disposal to another, so there is nothing in sound morals to prevent me from entering into a contract with another to hand over to him a sum of money if an assertion be found to be true, or if a certain event come to pass, with the stipulation that he is to do the same in my favour if the event be otherwise.This may be an innocent form of recreation, or a ready way of settling a dispute. However, the practice is very liable to abuse, and that it may be morally justifiable theologians require the following conditions:♦ The parties must have the free disposal of what they stake, and♦ both must bind themselves to stand by the event and pay in case of loss. Welshing is wrong in morals as it is in law.♦ Both must understand the matter of the bet in the same sense, and♦ it must be uncertain for them both. If, however, one has absolutely certain evidence of the truth of his contention, and says so to the other party, he is not precluded from betting if the latter remains obstinate. If a bet fulfils these conditions and the object of it is honest, so that the bet is not an incentive to sin, it will be a valid contract, and therefore obligatory in conscience. Debts of honour then are also debts that we are bound in conscience to pay if they fulfil the conditions just laid down. It follows that the avocation of the professional bookmaker need not be morally wrong. It is quite possible to keep the moral law and at the same time so to arrange one's bets with different people that, though in all probability there will be some loss, still there will be gain on the whole. (See GAMBLING.)LEHMKUHL, Theologia Moralis (Freiburg, 1898), I, n, 1138; BALLERINI, Opus Morale (Prato, 1892), III, 788.T. SLATERTranscribed by Vivek Gilbert John Fernandez Dedicated to all those who work with addicts of one form or another.
The Catholic Encyclopedia, Volume VIII. — New York: Robert Appleton Company. Nihil Obstat. 1910.
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betting — UK US /ˈbetɪŋ/ US /ˈbeṱ / noun [U] ► the activity of risking money, for example by trying to guess the result of a race or other future event: »He has worked in the betting industry for many years. »an online/internet betting company ● the… … Financial and business terms
Betting — Saltar a navegación, búsqueda Betting País … Wikipedia Español
betting — [bɛtiŋ] n. m. ÉTYM. 1840; mot angl., de to bet « parier ». ❖ ♦ Anglicisme. Hippisme. 1 Cote des paris sur un champ de courses. || Cheval à dix contre un en betting. 2 (Angl. betting room « bourse des paris »). Partie du champ de courses où sont… … Encyclopédie Universelle
Betting — (engl.), das Wetten, namentlich bei Wettrennen; b. office, Wettbureau; b. ring, freier Platz auf der Rennbahn für die Wettenden; b. room (spr. rūm), geschlossener Raum für denselben Zweck … Meyers Großes Konversations-Lexikon
Betting — (engl.), das Wetten, bes. bei Wettrennen … Kleines Konversations-Lexikon
Betting — 49° 07′ 43″ N 6° 49′ 04″ E / 49.1286, 6.8178 … Wikipédia en Français
betting — UK [ˈbetɪŋ] / US noun [uncountable] the activity of trying to win money by placing a bet (= guessing the result of a race, game etc) • the betting is/what s the betting British informal used to say that it is very likely that something will… … English dictionary
betting — bet|ting [ˈbetıŋ] n 1.) [U] when people risk money on the results of games, competitions etc or other future events →↑gambling 2.) what s the betting the betting is BrE used to say that something seems very likely to happen or to be true ▪ What s … Dictionary of contemporary English
betting — n. 1 gambling by risking money on an unpredictable outcome. 2 the odds offered in this. Phrases and idioms: betting shop Brit. a bookmaker s shop or office. what s the betting? colloq. it is likely or to be expected (what s the betting he ll be… … Useful english dictionary
betting — noun Betting is used before these nouns: ↑man, ↑shop, ↑slip Betting is used after these nouns: ↑Internet, ↑sport … Collocations dictionary