In Baba sahib V. Raja ram, it was decided in this case that an agreement cannot be considered a betting agreement if the desire to win or lose is lacking. The essence of the bet is that both parties must stand up to win or lose the outcome of an uncertain event. If one of the parties has the power to influence the outcome of the bet, the agreement will miss an essential element of a bet, as stated in the case of Dayabhai Tribhovandas v Lakshmichand (1885). Illustration A cricket match starts in Delhi between India and Australia. If India wins the match, Pallav agrees to pay Nishant Rs. 2000, while if Australia wins the match, Nishant agrees to pay the Rs. 2000 in Pallav. What made you look for the betting deal? Please tell us where you read or heard it (including the quote, if possible). And even in the case of stock markets, the bet based on the share of shares of the company is not based on mere chance, but on an in-depth analysis of the shares of different companies, and the study on the model suggests which companies will increase the stock, and this analysis is a skill. And section 30 is silent about that.
And this shows that Section 30 has a limited scope, perhaps because of the period when the law was formulated, but now betting has become a broad concept and therefore the contract law must improve the scope of its betting agreement. A necessary element of a betting agreement is that both parties should have a chance to win or lose because of the uncertain event. Therefore, it is not a bet if a party has a chance or a victory, but does not lose or a chance to lose, but not to win or not to win or lose. And even if we talk about the exception, not only are horse racing there are so many other games based on skill and only on skills and in all these games the person who bets could know the abilities of the player on whom he bets, and here the concept of uncertainty of the future can diminish because he knows how the players will play and the essential element of the bet which is uncertainty is going down. And so cricket and other sports can be considered as sports based on skills and only on happiness, but section 30 of the ICA, have no sport other than horse racing, so the very narrow definition there are changes that need to be made to increase the field of sport of this definition.