Green’s Dictionary of Slang

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

c.1698		B.E. Dict. Canting Crew.
1719		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.
1727		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!
1753		J. Poulter Discoveries (1774) 33: Then he knows he is bit, but not till he has dearly paid for it.
1755		Johnson Dict. Eng. Lang. (1785).
1771		Foote Maid of Bath in Works (1799) II 228: I shall be most confoundedly bit.
1797		Bridges Burlesque Homer (4th edn) II 65: These tits [...] / Jove purchas’d of a Yorkshire loon / [...] and yet / Got most abominably bit.
1800		Sporting Mag. June XVI 148/2: And pleas’d his master was, tho’ he was bit.
1835		G. Kent Modern Flash Dict. 5: Bit – taken in, duped.
1836		T. Haliburton Clockmaker I 25: Bad luck to ’em, says Pat, if I warn’t properly bit.
1848		Bartlett Dict. Americanisms.
1848		Flash Dict. in Sinks of London Laid Open [as cit. 1835].
1877		J. Greenwood Dick Temple I 49: Bit, by the holy poker!

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

1859

Matsell Vocabulum.

3. (US black) fallen in love.

1992

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