bets

[bɛt]

bets Definition

  • 1an agreement between two parties that a sum of money will be paid by the loser to the winner of a specified bet based on the outcome of an event or game
  • 2the act of risking something, typically a sum of money, against someone else's on the basis of the outcome of a future event, such as a race or game

Using bets: Examples

Take a moment to familiarize yourself with how "bets" can be used in various situations through the following examples!

  • Example

    I placed a bet on the horse with the highest odds.

  • Example

    He won a lot of money from his bets on the football games.

  • Example

    They made a bet on who could finish their meal first.

  • Example

    She lost all her money on a bad bet.

bets Synonyms and Antonyms

Phrases with bets

  • to risk money on the outcome of an event or game

    Example

    I'm going to place a bet on the roulette table.

  • to accept a wager or challenge

    Example

    I'll take that bet and raise you $50.

  • hedging one's bets

    reducing one's risk by placing additional bets or investments

    Example

    He's hedging his bets by investing in both stocks and bonds.

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Summary: bets in Brief

The term 'bets' [bɛt] refers to an agreement between two parties that a sum of money will be paid by the loser to the winner of a specified bet based on the outcome of an event or game. It also refers to the act of risking something, typically a sum of money, against someone else's on the basis of the outcome of a future event, such as a race or game. Phrases like 'place a bet' and 'take a bet' are common, as well as the idiom 'hedging one's bets,' which means reducing one's risk by placing additional bets or investments.