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'Ayt bet' is a variant for 'ight bet' which is a variant for 'aight bet' which is also a variant for 'alright bet'
This phrase is used for challenging someone's statement
Example 1

Travis: You can't make that shot

Lamar: Ayt bet

Example 2
Kevin: What do you think about this girl?

Apollo: Nah she's out of your league
Kevin: Ayt bet
Ayt bet by MrNobodyThe7th June 22, 2021

Aight Bet 

To say ok, sure, yea
Nigg 1 = yo u gonna go see that new movie called "we out''?
Nigg 2 = Aight Bet ;D
Nigg 1 = Aight Bet
Niggs 2 GF= Can i come?
Nigg 1 and 2= Aight Bet
Aight Bet by Fy Koop November 30, 2009

aite bet 

I'm leaving work early, I'll be there in 10 mins

Aite bet
aite bet by NewYorkNY64 May 15, 2016

farmers bet 

an invented term, from a village outside of edmonton. apparently it means that you bet but there is no wager on the line. this is the only place you will ever hear this term
nick: lets make a farmers bet on this
mel: a farmers what?
farmers bet by melcor March 10, 2009

black man bet 

Betting the field in the casino game Craps
Bro, why did you bet the black man bet? Worst odds in the house!

You want to bet? 

A term used when one has no facts or strong arguments to support some bull shit that he had said. Usually used when the user of the term is confident that the other person has no knowledge on the matter.
Bill: Did you know that the narwal is the only mammal to have a horn?

Joe: I think it's really a tooth.

Bill: YOU WANT TO BET?!?!?!
You want to bet? by ÆNK June 20, 2010