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A bet where no money or property is involved, and the prize for losing is getting to slap the loser across the face. Excellent for bets of extreme importance.
A slap bet is often monitored by a slap bet commissioner, that regulates the rules of said bet.
"Joe cried after he lost his slap bet"
"In a matter of this importance, only a slap bet will do"
by mrcool November 23, 2006
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Say Bet

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When you're telling your homie to say less, you know whats up, full send, and bet you're down for the moves
"Yo homes we ready to schmoke up tonight?"
"Say bet"
by saybethomes June 11, 2018
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seinfeld bet

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A bet that requires a ton of honesty between a group of people. This bet was first introduced in Seinfeld in which a group of people bet on who can the longest with out masterbaiting. However it is quite is easy to win this bet if you lie.
Man I knew I could never go more than 3 weeks with jerking off. I really shouldn't ahve been a part of that seinfeld bet. (Zipper sound trousers drop) Might as well get my money's worth!!!
by Bob is your aunt September 11, 2005
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side bet

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When gambling on an event whether it be a card game, at a casino, at a race track, etc., two or more people may choose to place a seperate bet away from the main pool of betting.
Lets say Joe, Bob, Chris, Tom, and Becky are playing a card game and they are all betting $10 a hand. Tom and Joe may get a little extra competitive and decide to place a side bet between just the two of them. They will bet the originally agreed upon $10 on a game with everyone at the card table involved and they will bet, lets say another $25 just between the two of them.
by Douglas Teel November 5, 2007
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sig bet

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On a community forum, placing a bet with another forum member where the agreement is that the loser has to accept the profile signature provided by the winning party.
I made a sig bet with hax0rz123 that Matt Hughes would beat Royce Gracie in their fight, and won. I made him put up a nuthugger picture for a month because of how stupid he was to make that bet with me.
by duerra September 1, 2006
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Wall Street Bet

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A wall street bet is when you leverage an asset to its maximum, and so risk losing everything on a very small move against you, but thereby gain the possibility of massive returns should you get your way.
Q: "Did Sam really tell his wife he would leave her unless she arranged a threesome for them on craigslist?"
A: "Yeah, it was a Wall Street Bet, but it paid off ! She was into it, and now he has sex parties every weekend with his hotwife and the local nymphs. And they've never been happier together!"
by some.hoser January 26, 2016
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cock suck bet

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A wager made between two gentlemen, where in the loser agrees to publicly suck the cock of the winner.
"Mike Siff lost to me in squash on a cock suck bet and he has yet yo fulfill his obligation"
by wowblox May 9, 2006
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