Other forms of bets that falls in this category can be betting on who can drink the highest bottle of beer within a stipulated timeframe or even taking some risky ride that is life threatening. life is always going to be more important than any short term fun or the reward that comes with winning these kind of bets.
I do not participate in those types of bet because I have seen people lose their life because of these type of bet. They are very dangerous and we do not have to prove any point to anyone that we can do things that we are getting challenged to do. Avoid all those public challenges because sometimes they are not always fair as they might have done some alternations that you do not know about and from there you can lose your money and most importantly, your life. Life is very important and should not be joked with because of some prize money that would not mean anything big to you. The big rewards too is not worth it to lose your life over because who is going to enjoy the money if you win it but lose your life at the end of the challenge.
Generally, this type of betting is more common among friends. Where if a friend loses or wins, there are various demands such as giving treats rather than money. I also do not participate in such bets, but I can participate in such bets where there is no possibility of life being endangered, but nothing like this happens. There are many who participate in such bets out of greed for money but they do not understand the mistake they are making. If an accident happens suddenly, there will be a situation like losing life, which is why one should not get involved in such bets. It is completely pointless to participate in such a bet for a small gain.