Is “Bet” a Scrabble word?

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Yes
BET
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Bet

/ˈbɛt/

noun
  1. 1.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.

  2. 2.A degree of certainty.

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

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

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

    Fancy going for a drink after work? You bet I do!

  3. 3.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.

interjection
  1. 1.Expression of general agreement or acceptance.

  2. 2.Exclamation indicating acceptance of a challenge or an absurd proposal.

  3. 3.Exclamation of joy at good fortune.