[c]/bɛt / (say bet)

verb (bet or betted, betting)
verb (t)
1. to pledge as a forfeit to another who makes a similar pledge in return, in support of an opinion; stake; wager: *Well, I'll bet you a new saddle you take a gin before a twelvemonth's out –katherine susannah prichard, 1929.
2. to predict (a certain outcome): I bet it rains on the weekend.
verb (i)
3. to lay a wager.
4. to make a practice of betting.
5. a pledge of something to be forfeited, in case one is wrong, to another who has the opposite opinion.
6. that which is pledged.
7. Colloquial likelihood: what's the bet he'll be late?
8. a thing, person, or course of action on which to gamble or stake one's hopes: he's a bad bet.
9. bet in play, to place a bet on a race or a match while it is in progress.
10. bet like the Watsons, Obsolete Colloquial to place large bets. {Phrase Origin: ? from the Watson brothers, born in Bendigo, Victoria, shearers and hotelkeepers, c.1880–1910, legendary for their gambling}
11. bet London to a brick (on), Colloquial (an expression used to emphasise the fact that you are firmly convinced about something): *Bet you London to a brick there will be a minority report. –west australian, 1992. {Phrase Origin: Australian expression of betting odds meaning that a person, who is in no doubt of winning, will bet London to win one brick; popularised by Ken Howard, race caller in the 1950s and 60s}
12. bet on,
a. to lay a wager on.
b. to be convinced of the likelihood of.
13. bet one's bottom dollar (or boots){{}} (or life) on, Colloquial to be absolutely convinced of the likelihood of: to bet one's bottom dollar on rates rising; to bet one's bottom dollar that rates will go up.
14. one's best bet, the best option for a person to choose: catching the bus is your best bet.
15. the best bet, the best option: living on campus is the best bet for students.
16. you bet, Colloquial (an exclamation of agreement, confirmation, etc.): *You bet they were pleased – God when I think of it now, the sigh of relief that must've gone up. –shirley hazzard, 1980.
17. you can bet your boots (or (sweet) life){{}} (or (sweet) bippy, patootie, etc.), Colloquial (an emphatic expression before a statement of which one is extremely confident): you can bet your boots that we will get rain tonight.
{origin uncertain}

Australian English dictionary. 2014.

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