(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.
