side bet noun3 •A bet on some aspect of a game or competition that is not the main bet of the game or the prize of the competition.The fight lasted ten minutes and along with the championship of New Jersey, Banks won a side bet of $50. — 1938 •An investment or risk undertaken by a company that is not part of its core business.They do this by attempting to ensure the success and development of a strong, secure but flexible business, but also by continually experimenting with 'side-bet' ventures. — 2009 •An investment of time, money, or resources that reinforces one's commitment to a course of action.Side bets aren't always explicit, nor do they necessarily involve money. A side bet occurs anytime you do something that increases the consequences, or losses, of not staying with it. — 2014 formsside bets · side-bets