As nouns the difference between lore and bait
is that
lore is all the facts and traditions about a particular subject that have been accumulated over time through education or experience while
bait is any substance, especially food, used in catching fish, or other animals, by alluring them to a hook, snare, trap, or net.
As verbs the difference between lore and bait
is that
lore is past tense of lose while
bait is to attract with bait; to entice.