Business Dictionary :

Bet and Betting Tax

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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.

• I bet you £25 the dollar will rise against the pound.

Betting Tax = tax levied on betting on horses or dogs, etc.

NOTE : betting - bet - has bet

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