Meaning & Definition
noun
An agreement between parties regarding the outcome of an event, typically involving a wager of money or something of value.
I placed a bet on the horse race at the track.
The amount of money or value wagered in such an agreement.
My bet was twenty dollars on the game.
verb
To stake a sum of money or something of value on the outcome of an event.
I bet that the home team will win the championship.
To make a prediction or assume something will happen.
I bet it will rain tomorrow based on the forecast.
Etymology
Middle English 'bet', from Old English 'hyldan' meaning to have confidence.
Common Phrases and Expressions
You can bet on it:
A phrase indicating certainty.
Bet your bottom dollar:
An expression meaning absolute certainty.
Take a bet:
To agree to a wager or gamble.
Slang Meanings
Used to express agreement or affirmation.
Bet, I'll be there at 8!
A phrase indicating confidence in something happening.
It's gonna be lit, bet!
To imply that one is assured about a situation.
You betcha, I'm ready for that challenge!