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When family members, friends or co-workers decide to settle an argument between themselves by betting on the outcome of an event or playing a game, where the loser(s) of the bet or game must pay a bill (e.g. phone or cable bill) of the winner's choosing as the prize for winning the contest.
"Why don't you put your money where your big mouth is and Bill play me for it!"
by December 13, 2011
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