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English definition of “betting”

betting

noun [U]     /ˈbetɪŋ/ US   /ˈbeṱ-/
the activity of risking money, for example by trying to guess the result of a race or other future event: He has worked in the betting industry for many years. an online/internet betting company
the betting is informal used to say that it is believed something is very likely to happen or be true: The betting is, Tim Watts will be appointed to the post. → See also spread betting
(Definition of betting noun from the Cambridge Business English Dictionary © Cambridge University Press)
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