1 definition by lagmaster69

Top Definition
The phenomenon that occurs when the losing party of a bet repeatedly forgets to grant the winning party its winnings due to apparent "memory loss".
Bet Winner: Do you have my 5 bucks today?

Bet Loser: Sorry, it's in my other wallet. Tomorrow for sure

Bet Winner: Damn, you have some serious bet lag!
by lagmaster69 May 28, 2011
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