(6) any system of parimutuel wagering managed, operated and conducted in accordance with the Kansas parimutuel racing act or (5) a lottery operated by the state pursuant to the Kansas lottery act
(4) any bingo game by or for participants managed, operated or conducted in accordance with the laws of the state of Kansas by an organization licensed by the state of Kansas to manage, operate or conduct games of bingo (3) a lottery as defined in this section (2) offers of purses, prizes or premiums to the actual contestants in any bona fide contest for the determination of skill, speed, strength or endurance or to the bona fide owners of animals or vehicles entered in such a contest (1) Bona fide business transactions which are valid under the law of contracts including, but not limited to, contracts for the purchase or sale at a future date of securities or other commodities, and agreements to compensation for loss caused by the happening of the chance including, but not limited to, contracts of indemnity or guaranty and life or health and accident insurance (a) 'Bet' means a bargain in which the parties agree that, dependent upon chance, one stands to win or lose something of value specified in the agreement. CRIMES AGAINST THE PUBLIC MORALSĢ1-6403.
