Meaning & Definition of word "Betting"

Betting

/ˈbɛtɪŋ/

1. The action of wagering or gambling on an uncertain outcome.
- Example: Betting on football games is popular among sports fans.
2. An arrangement in which a participant stakes money on the outcome of a game, race, or other event.
- Example: He lost a significant amount of money due to his betting on horse races.
3. The total amount of money wagered in a particular event or among a particular group.
- Example: The betting for the championship game reached an all-time high.
4. The act of making predictions about future events based on odds.
- Example: She enjoys betting on which team will win the tournament.

1. To place a bet or wager on the outcome of an event.
- Example: He is betting on the next horse race to win some extra cash.
2. To make a risk or gamble regarding future events.
- Example: They are betting that the stock market will recover soon.
3. To express a strong opinion or conviction about something.
- Example: I bet you'll enjoy the concert; it's going to be amazing.

Middle English 'beten', from the Old English 'betan', meaning 'to make better; to improve'.

high stakes:

A situation involving significant risk or potential reward.

betting odds:

The ratio that reflects the likelihood of a particular outcome occurring.

place a bet:

To make a wager on an event.

bet your bottom dollar:

To be very sure about something; to be certain.

wager:

A sum of money or valuables risked on an uncertain event.

gamble:

To play games of chance for money; to take risks.

odds:

The ratio that expresses the likelihood of an event occurring.

Meaning: Bookmaking

Example Sentence: He's been bookmaking since college, taking bets from classmates.

Meaning: Action

Example Sentence: He's got a lot of action on the game tonight.

Meaning: Chalk

Example Sentence: The chalk favorites are always popular for betting.

Meaning: Sharp

Example Sentence: He's a sharp in the betting world, always making informed wagers.

Meaning: Fade

Example Sentence: I decided to fade the public and bet on the underdog.