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A phrase used by someone either when someone else doubts they will do something that they are highly likely to do, or they hear someone mention something happening that they really want to happen.

A higher degree of the slang term 'bet'.
Coworker 1: "Did you hear that *unliked coworker* might get fired?"
Coworker 2: "FAT BET."
Fat bet by ManOfArks October 10, 2019
Related Words
bethany beta Beth bettys beta male Betch bethan Betsy Bethesda better

farmer's bet 

A bet where no wager is made. Originated within the Ukrainian farming community in northern Alberta who were well known for their penny-pinching ways.
Michael: I think it's going to rain.
Ken: Want to make a farmer's bet on that?
Michael: Sure, no loss to me!
farmer's bet by chillywilly69 July 19, 2012

Nah, no bet 

The opposite of bet.
Hey Ryan, do you believe in vampires?”
“Nah, no bet”
Nah, no bet by Nahnobet June 15, 2018

Lose the Bet 

Slang term for jacking off. Comes from the bet featured on Seinfeld.
"Hey man did you lose the bet last night after your girlfriend left?"
"Yeah dude, we're stuck on second so I had to do it by myself."
What you say when you don't believe someone!
Oi Darkin, Shane reckons he smashed 18 birds last night!!

I bet!
I Bet by Phatzoot June 23, 2011
When something is so lit, you say "lit bet" to agree when something is list.

It combines "iite bet" and "lit", into a simple phrase.
Joe: Man that party was off the hooks, we got schwasted.
Mike: Lit bet bro
Lit bet by Drymarro March 28, 2017