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noun. bet [noun] an act of betting. bet [noun] a sum of money betted. stake [noun] a sum of money risked in betting. Originally coined by a sports writer in Sports Illustrated's Mitch Goldich in 2024, the term Octopus is used to describe a football player scoring a touchdown and then scoring the subsequent two-point conversion. The famed and immensely exciting octopus has occurred 175 times since 1994. |