"Bet" is used In response to a statement.
Slang for Fa sho, which is slang for For sure; which means Sure or Okay.
"No Cap" means that their not lying or capping like they did something.
Sometimes ppl write it like this🙅🏽 ♀️🧢or 🚫🧢 different ways
So together 'Bet no cap' is agreeing to a statement that, that person is telling the truth or not lying. Basically saying yes i agree with that statement.
Due to the excessive nudity in the unedited versions of the music videos, probably EVERY MALE's (and possibly some FEMALE's) excuse for staying up late at night........until BET SHUT IT DOWN PERMANENTLY IN THE MIDDLE OF SUMMER OF '06!!!!!
When betting at Monticello Raceway (a harness racetrack built in 1958 in the Catskill Mountains of New York) if there was a horse that "could not lose", the bettors would say to "bet the bungalow" on him. The Catskill mountains was a resort area consisting of many hotels and Bungalow colonies. A bungalow was a seasonal type "house" for a family from New York city and the surrounding areas to live in during the summer months. So if you "bet the bungalow" on one horse in a race, you were really betting all the money you had !
Big Joe says " The 3 horse in the 1st race cannot lose !"
Mike Bagels says " I'm going to bet the bungalow on # 3" as he pulls out all $178 dollars out of his pocket and gives it to the teller at Monticello Raceway in exchange for a winning ticket.