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"make a bet on" is correct and usable in written English.
You can use it to describe when someone is making a wager on the outcome of an event. For example, "He made a bet on the Super Bowl that his team would win."
Exact(51)
In practice, it's more complicated than this: investment banks aren't always able to lay off all the risk, and sometimes they want to make a bet on one side or the other.
TAKE THREE popular investment ideas: Index funds, which mechanically track a group of stocks; Sector funds, which allow you to make a bet on one industry; Performance histories, which are what this annual fund survey is all about.
Nothwithstanding the fact that there's been a hot debate over whether app developers should go for HTML5 or native apps (as evidenced by MG's post on the subject back in February), Bizness Apps Founder and CEO Andrew Gazdecki said that he thinks the best approach is to make a bet on mobile as a whole — not one or the other.
DFJ was one of the first to make a bet on the Web (Internet Shopping Network), and has done the most Net deals of any independent venture firm — 54 to date.
So what I did was make a bet on myself.
Fewer executives will make a bet on an original idea.
Similar(8)
We're not making a bet on any one delivery structure".
They also made a bet on the decision-making of the investor.
A year later, Mr. Jordan made a bet on media, buying CBS and adopting the acquired company's name.
"They are making a bet on connected devices".
Just as plausibly, however, Mr Gou is making a bet on its continued success.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com