While there have been many results on lower bounds for Max Cut in unweighted graphs, the only lower bound for non-integer weights is that by Poljak and Turzik (1986). In this paper, we launch an extensive study of lower bounds for Max Cut in weighted graphs. We introduce a new approach for obtaining lower bounds for Weighted Max Cut. Using it, Probabilistic Method, Vizings chromatic index theorem, and other tools, we obtain several lower bounds for arbitrary weighted graphs, weighted graphs of bounded girth and triangle-free weighted graphs. We pose conjectures and open questions.