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
by melcor March 10, 2009
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!
Ken: Want to make a farmer's bet on that?
Michael: Sure, no loss to me!
by chillywilly69 July 16, 2012