Green’s Dictionary of Slang

bit adj.

1. robbed, cheated, outwitted [bite v. (1)].

[UK]B.E. Dict. Canting Crew.
[UK]A. Smith Lives of Most Notorious Highway-men, etc. (1926) 202: Bit, robbed, cheated, or out-witted; Bit the Blow, that is accomplished the theft, or played the cheat. You have bit a great blow, that is, you have robbed somebody of a great deal, or to a considerable value.
[UK]J. Gay Beggar’s Opera II iii: What a Fool is a fond Wench! Polly is most confoundedly bit. [Ibid.] II xiii: I’m bubbled [...] Bambouzled, and bit!
[UK]J. Poulter Discoveries (1774) 33: Then he knows he is bit, but not till he has dearly paid for it.
[UK]Johnson Dict. Eng. Lang. (1785).
[UK]Foote Maid of Bath in Works (1799) II 228: I shall be most confoundedly bit.
[UK]Bridges Burlesque Homer (4th edn) II 65: These tits [...] / Jove purchas’d of a Yorkshire loon / [...] and yet / Got most abominably bit.
[UK]Sporting Mag. June XVI 148/2: And pleas’d his master was, tho’ he was bit.
[UK]G. Kent Modern Flash Dict. 5: Bit – taken in, duped.
[US]T. Haliburton Clockmaker I 25: Bad luck to ’em, says Pat, if I warn’t properly bit.
[US]Bartlett Dict. Americanisms.
[UK]Flash Dict. in Sinks of London Laid Open [as cit. 1835].
[UK]J. Greenwood Dick Temple I 49: Bit, by the holy poker!

2. (US Und.) arrested, convicted, sentenced.

[US]Matsell Vocabulum.

3. (US black) fallen in love.

[UK]J. Mowry Way Past Cool 275: Look like you been bit, my man. You two make a way cool couple.