what's the betting?

betting | Business English

betting
noun[ U ]
uk /ˈbetɪŋ/ us /ˈbeṱ-/
the activity of risking money, for example by trying to guess the result of a race or other future event:
He has worked in the betting industry for many years.
an online/internet betting company
 the betting is
informal
used to say that it is believed something is very likely to happen or be true:
The betting is, Tim Watts will be appointed to the post.
See also