To bet in an Irish manner; namely in extremely large quantities and whilst monumentally inebreiated, ideally on Guinness or Poteen.
Top o' the morning to you Paddy, oi shink we should punt 10,000 yoyos on Red Rum to win the 15.45 at Gallway.
(MIT slang) (1) To skip class (2) To avoid doing work. Ant: tool.
To kick an object as far and hard as possible
you punted the ball over the fence bell-end!
To have a bet.
John: I have a feeling QPR will beat Man U today.
Alex: At 14/1, it's worth a punt!
To 'have a punt' means to bet prospectively on something that probably won't win.
"What so you think Shergar is coming in at Cheltenham?"
"Not really, but I'll have punt on that"
"That stuck up bitch over there only sleeps with guys who have at least 10 grand in their pocket and a diamond bed to sleep on"
"Fuck mate, have a punt, if it don't work out, nothing lost."
throwing away a girl or breaking up with her (popular word among football players)
Jock 1: you still with Jessica
Jock 2: she's so stiff, Im about ready to punt her away
to buy time, delay
This is likely in reference to football (American) where a punt after possession is used to keep the opposing team from scoring for as long as possible.
Person A: Why did you turn them down?
Person B: I was punting! They were trying to force me into a bad deal.