Bet vs. Wage

By Jaxson

  • Wage

    A wage is monetary compensation (or remuneration, personnel expenses, labor) paid by an employer to an employee in exchange for work done. Payment may be calculated as a fixed amount for each task completed (a task wage or piece rate), or at an hourly or daily rate (wage labour), or based on an easily measured quantity of work done.

    Wages are part of the expenses that are involved in running a business.

    Payment by wage contrasts with salaried work, in which the employer pays an arranged amount at steady intervals (such as a week or month) regardless of hours worked, with commission which conditions pay on individual performance, and with compensation based on the performance of the company as a whole. Waged employees may also receive tips or gratuity paid directly by clients and employee benefits which are non-monetary forms of compensation. Since wage labour is the predominant form of work, the term “wage” sometimes refers to all forms (or all monetary forms) of employee compensation.

  • Bet (noun)

    A wager, an agreement between two parties that a stake (usually money) will be paid by the loser to the winner (the winner being the one who correctly forecast the outcome of an event).

    “Dylan owes Fletcher $30 from an unsuccessful bet.”

  • Bet (noun)

    A degree of certainty.

    “It’s a safe bet that it will rain tomorrow.”

    “It’s an even bet that Jim will come top of the maths test tomorrow.”

  • Bet (noun)

    alternative form of beth

  • Bet (verb)

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

  • Bet (verb)

    To be sure of something; to be able to count on something.

    “You bet!”

  • Bet (verb)

    To place money into the pot in order to require others do the same, usually only used for the first person to place money in the pot on each round.

  • Bet (preposition)


  • Wage (noun)

    An amount of money paid to a worker for a specified quantity of work, usually calculated on an hourly basis and expressed in an amount of money per hour.

  • Wage (verb)

    To wager, bet.

  • Wage (verb)

    To expose oneself to, as a risk; to incur, as a danger; to venture; to hazard.

  • Wage (verb)

    To employ for wages; to hire.

  • Wage (verb)

    To conduct or carry out (a war or other contest).

  • Wage (verb)

    To adventure, or lay out, for hire or reward; to hire out.

  • Wage (verb)

    To give security for the performance of.

  • Bet (verb)

    risk a sum of money or valued item against someone else’s on the basis of the outcome of an unpredictable event such as a race or game

    “he bet on baseball games”

    “I would be prepared to bet that he wanted to leave”

    “most people would bet their life savings on the prospect”

  • Bet (verb)

    risk a sum of money against (someone) on the outcome or likelihood of a future event

    “I bet you £15 you won’t chat her up”

  • Bet (verb)

    used to express certainty

    “I bet this place is really spooky late at night”

    “he’ll be surprised to see me, I’ll bet”

  • Bet (noun)

    an act of betting a sum of money

    “she had a bet on the Derby”

    “for a bet he once rode 200 miles in nine hours”

  • Bet (noun)

    a sum of money staked

    “the bookies are taking bets on his possible successor”

  • Bet (noun)

    a candidate or option offering a specified likelihood of success

    “your best bet is to call the official liquidators”

    “City looked a good bet for victory”

  • Bet (noun)

    one’s opinion about a future event

    “my bet is that Arsenal won’t win anything”

Oxford Dictionary

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