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Definition 1:
An agreement in which people try to guess what will happen and the person who guesses wrong has to give something (such as money) to the person who guesses right .
Examples:
He has a bet on the game.
“I’ll bet five dollars that my team will beat your team.” “Okay. It’s a bet!” [=I agree to the bet]
He made a bet with his brother that he could finish his chores first.
He and his brother have a bet about who can finish his chores first.
He lost the bet and had to pay his brother five dollars.
His brother won the bet.
He paid his brother five dollars to settle the bet.
Definition 2:
The money or other valuable thing that you could win or lose in a bet .
Examples:
What’s your bet? [=how much money do you want to risk?]
She placed/laid a $10 bet [=wager] on the number five horse.
Definition 3:
A choice made by thinking about what will probably happen .
Examples:
It’s a good/safe/sure bet that they’ll win. [=it is very likely that they will win]
I don’t know what their decision will be, but my bet is that they’ll approve the project. [=I think they’ll approve the project]
If you want to get there early, your best/surest/safest bet is to take a different road. [=you are most likely to get there early if you take a different road]
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