Business Dictionary :
Bet and Betting Tax
Bet : noun : amount deposited when you risk money on the result of a race or of a game
Bet : verb : to risk money on the result of something
• He bet £100 on the result of the election.
Betting Tax = tax levied on betting on horses or dogs, etc.
• I bet you £25 the dollar will rise against the pound.
NOTE : betting - bet - has bet
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