Definitions by Masta Bee

Air Bet 

(Noun)

A gamble in which either person does not have the money on them to pay the bet.

Bob: I'll bet you $20 on this roll (of dice).
Joe: You don't have any money left.
Bob: I'll pay you tomorrow.
Joe: Na, I don't do air bets.

Air Bet by Masta Bee November 21, 2015