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I often hear the term "you bet!". What does it mean?

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Who is saying the first sentence, and who the saying "you bet". Is person 1 saying the first sentence and person 2 is saying "you bet" , or this is a one complete sentence up to "you bet" by only one person? –  user54352 Oct 17 '13 at 16:32

2 Answers 2

It means that some is sure of what they say, that they are (figuratively) ready to bet on it. The New Oxford American Dictionary has:

you bet: (informal) you may be sure; certainly: “Would you like this piece of pie?” — “You bet!”

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Informally, it means enthusiastic agreement with a premise or question.

Do you think you can find a home for this puppy? -- You bet!

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