Bet Meaning: Definition, Examples, and Translations
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bet
[bet ]
Definitions
sports betting
An agreement between two parties that a sum of money or other valuable item will be paid to the party who correctly predicts the outcome of an event.
Synonyms
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| bet |
Also used in everyday language as a synonym for 'sure' or 'confident'.
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| wager |
A formal or less common term for placing a bet, often used in legal or structured environments.
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| gamble |
Used when taking a risky action where the outcome is uncertain, often with a negative connotation due to potential for loss.
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| stake |
Used when someone has something of value at risk, often in a more formal or serious context.
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Examples of usage
- I placed a bet on the horse race yesterday.
- He won a lot of money through sports betting.
betting on a game
To risk money on the outcome of an event or contest, typically with the hope of gaining money or material goods.
Synonyms
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| bet |
Commonly used in daily conversation to imply taking a risk on an outcome, often informally. It can also be used in a more literal sense related to placing money on an event.
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| gamble |
More specific to risking something valuable, usually money, on an uncertain outcome. Often has a negative connotation because it can imply irresponsibility or addiction.
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| wager |
Formal and often related to specific rules or agreements usually involving money. It is often used in legal or professional contexts.
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| stake |
Involves investing a significant amount of something valuable, such as money or time. It is usually used in more serious or high-stakes situations, often with a higher perceived risk.
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Examples of usage
- She bet on the roulette table and won big.
- I wouldn't bet on that team winning the championship.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
History
- Betting dates back to ancient civilizations, where people would place wagers on animal fights and gladiatorial contests.
- The first recorded instance of a sports bet was documented during a horse race in ancient Greece, over 2,500 years ago.
Psychology
- Research shows that betting can trigger dopamine release in the brain, making it feel rewarding, similar to a thrill-seeking activity.
- Gamblers often experience a phenomenon known as the 'gambler's fallacy', where they believe that previous outcomes will influence future results.
Pop Culture
- Movies like 'Rounders' and '21' showcase the high-stakes world of betting and the strategies players use to win.
- The phrase 'you bet' has entered everyday language, expressing agreement or certainty in various contexts.
Law & Ethics
- Many places have legal regulations around betting, especially related to age limits and types of games allowed.
- Ethical discussions around betting often center on addiction and the responsibility of gambling institutions to protect individuals.
Origin of 'bet'
Main points about word origin
- The word 'bet' comes from the Middle English term 'betten', which meant to lay down a wager.
- The origins can be traced back to the Old English word 'beot', which refers to a vow or promise, particularly in a contest.
The word 'bet' originated from the Old English word 'bætan' which means 'to make a bet'. It has been used for centuries in various forms of gambling and wagering. The concept of betting has evolved over time to include not only traditional sports betting but also online betting and various forms of gambling activities.