really ugly, taken from "bet down with the ugly stick", which a colloquial irish version of "beaten down with the ugly stick". often the word "bet" is used alone as an even shorter version.
"you seen sarah's new fella? BET DOWN!"
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thinking someone is hot from a distance or from pictures until you see them and then realise they are dog ugly!
I thought she was a savage but it turns out shes a major Bet Down Let Down.