"You Better You Bet" was the last single by The Who that reached the Top 20 on the Billboard Hot 100, reaching number 18 on 21 March 1981. The track peaked at number 1 on the BillboardTop Tracks chart in the first half of 1981. It was also their last single to hit the Top Ten in the UK, peaking at number 9. It is sung by front man Roger Daltrey but contains backing vocals from Townshend and bassist John Entwistle. Townshend's guitar part is played on a Rickenbacker 360/12.
A music video for the song was produced in black and white featuring the band and keyboardist John Bundrick playing onstage. It was the fourth video played upon MTV's launch on 1 August 1981. The video was also the 54th video to be aired on MTV, making it the first video to be shown on MTV more than once.