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Money placed on the future, payable in regret or smug satisfaction.
means Wagers staking something of value on an uncertain outcome, in hopes of winning more.
from Likely clipped from sixteenth-century English abet, to incite or back someone — gamblers literally egging on their odds.
Hedge betsBacking both sides so losing stings less
Sure thingThe phrase preceding most empty wallets
Pari-mutuelFrench system pooling all bets, splitting winnings among victors