It's a way of asking someone to make a bet. You ask someone "wanna bone on it?" Instead of "wanna bet on it?"
Boy 1: super man vs batman, it think batman will win, wanna bone on it?
Boy 2: I'll bone on it because super man will win.
Boy 2: I'll bone on it because super man will win.
by Goblin the man September 12, 2021
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