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a simple past tense and past participle of bet1 .
to wager with (something or someone).
to make a wager:
Do you want to bet?
a pledge of a forfeit risked on some uncertain outcome; wager:
Where do we place our bets?
that which is pledged:
a two-dollar bet.
something that is bet on, as a competitor in a sporting event or a number in a lottery:
That horse looks like a good bet.
an act or instance of betting:
It’s a bet, then?
a person, plan of action, etc., considered as being a good alternative; choice:
Your best bet is to sell your stocks now.
you bet!, Informal. of course! surely!:
You bet I’d like to be there!
Historical Examples

The Slang Dictionary John Camden Hotten
The History of Gambling in England John Ashton
The Virginians William Makepeace Thackeray
Lord Chatham Archibald Phillip Primrose Rosebery
The Celt and Saxon, Complete George Meredith
Story of My Life, volumes 1-3 Augustus J. C. Hare
The Lure of the Camera Charles S. Olcott
The Mysteries of All Nations James Grant
Second String Anthony Hope
Boy Woodburn Alfred Ollivant

an agreement between two parties that a sum of money or other stake will be paid by the loser to the party who correctly predicts the outcome of an event
the money or stake risked
the predicted result in such an agreement: his bet was that the horse would win
a person, event, etc, considered as likely to succeed or occur: it’s a good bet that they will succeed
a course of action (esp in the phrase one’s best bet)
(informal) an opinion; view: my bet is that you’ve been up to no good
verb bets, betting, bet, betted
when intr foll by on or against. to make or place a bet with (a person or persons)
(transitive) to stake (money, etc) in a bet
(transitive; may take a clause as object) (informal) to predict (a certain outcome): I bet she fails
(informal) you bet, of course; naturally
Black Entertainment Television

bet on the wrong horse
bet one’s ass


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