Sec. 10-242. Gambling.
It is unlawful for any person to engage in gambling; namely, the risking of any money, credit, deposit or other thing of value for gain, contingent in whole or in part upon lot, chance, the operation of a gambling device or the happening or outcome of an event, including a sporting event, over which the person taking a risk has no control, but not including:
(1) Circumstances involving a person who engages in "professional gambling," which entails aiding or inducing another to engage in gambling and having, other than by virtue of skill or luck, a lesser chance of losing or a greater chance of winning than one (1) or more of the other participants;
(2) Any game, wager or transaction which is incidental to a bona fide social relationship, is participated in by natural persons only and in which no person is participating, directly or indirectly, in professional gambling;
(3) Bona fide contests of skill, speed, strength or endurance in which the awards are made only to entrants or owners of the entries;
(4) Bona fide business transactions which are valid under the law of contracts; or
(5) Other acts or transactions now or hereafter expressly authorized by law. (Ord. 303 §11-106, 1977)