Meaning & Definition of word "Bet"

noun:

• 1. An agreement between parties regarding the outcome of an event, typically involving a wager of money or something of value.
  • Example: I placed a bet on the horse race at the track.
• 2. The amount of money or value wagered in such an agreement.
  • Example: My bet was twenty dollars on the game.

verb:

• 1. To stake a sum of money or something of value on the outcome of an event.
  • Example: I bet that the home team will win the championship.
• 2. To make a prediction or assume something will happen.
  • Example: I bet it will rain tomorrow based on the forecast.