What is the method of betting and permissible racing?
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Regarding betting between two people?
Betting is gambling, except in racing with horses, camels, or archery. As for betting: "If such and such happens, then such and such will happen"; this is gambling and is invalid. Betting is not done by two or more people; betting is a mutual action that occurs between two people.
Q: Is it permissible for horse racing to be between two people? Meaning, one puts up money and the other puts up money?
A: Yes, he says: "I will race with you," and each of them stakes a pledge of one thousand or two thousand, and the winner takes it. This is correct, and there is no harm in it; so that they may practice with the horses, and so that their horses may also be trained.
Betting is gambling, except in racing with horses, camels, or archery. As for betting: "If such and such happens, then such and such will happen"; this is gambling and is invalid. Betting is not done by two or more people; betting is a mutual action that occurs between two people.
Q: Is it permissible for horse racing to be between two people? Meaning, one puts up money and the other puts up money?
A: Yes, he says: "I will race with you," and each of them stakes a pledge of one thousand or two thousand, and the winner takes it. This is correct, and there is no harm in it; so that they may practice with the horses, and so that their horses may also be trained.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.