Definition: To stake or pledge upon the outcome of an event; to wager.

Alright class, settle down and let’s take a look! You’ve got a great question here about “betting,” it’s a word that needs a little explaining. The dictionary gives us a good start, you see – "to stake or pledge upon the outcome of an event; to wager." Let's break that down with a little rhyme for clarity: "Betting" means taking a chance, a playful decree, To risk something valuable, for what might be!" Let’s unpack those words. “Stake” or “Pledge” – This is like putting something in the game. You're offering something you value - it could be money, time, even a promise! It's your investment. "Outcome of an event" – That’s simply what happens! A race, a game, a competition... anything with a result. “Wager” - This is the heart of it all – you’re placing a bet against someone else, hoping to win something in return. Think about it like this: You might bet on your favorite team to win a football game. If they do, you win money! But if they lose... well, you've lost what you staked. Important Note: Betting can be fun, but it’s also important to remember that there's always risk involved. It's crucial to gamble responsibly and only bet what you can afford to lose. Do you have any questions about this? Perhaps a specific example you'd like me to explain further?