(2) ' Bookmaking' means: (A) to receive and record or to forward more than five bets or offers to bet in a period of 24 hours (B) to receive and record or to forward bets or offers to bet totaling more than $1,000 in a period of 24 hours or (C) a scheme by three or more persons to receive, record, or forward a bet or an offer to bet. (C) an offer of merchandise, with a value not greater than $25, made by the proprietor of a bona fide carnival contest conducted at a carnival sponsored by a nonprofit religious, fraternal, school, law enforcement, youth, agricultural, or civic group, including any nonprofit agricultural or civic group incorporated by the state before 1955, if the person to receive the merchandise from the proprietor is the person who performs the carnival contest.

(B) an offer of a prize, award, or compensation to the actual contestants in a bona fide contest for the determination of skill, speed, strength, or endurance or to the owners of animals, vehicles, watercraft, or aircraft entered in a contest or (A) contracts of indemnity or guaranty, or life, health, property, or accident insurance

(1) ' Bet' means an agreement to win or lose something of value solely or partially by chance. Betting on sports futures, props and lay bets.

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