Has 2 definitions :
1 . To agree with something, a synonym for "sure" or "okay"
2 . To doubt about something that seems very fucking weird or gay.
(First example)
Mom : Honey! The food is served, come down now!
You : Bet.
(Second example)
Your friend : I have the n word pass, I can say it whenever I want.
You : Bet that you have it, you need a nigga like me.