Wager

Patrick Brown

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In gambling, a wager is an amount of money or a valuable item that is risked on the outcome of an uncertain event, such as a sports match, a game of chance, or a casino game. It is essentially a bet, where the gambler predicts the outcome and places their stake accordingly. If their prediction is correct, they win and typically receive a return based on the odds provided at the time the wager was placed. If the prediction is incorrect, the wager is lost to the gambling operator or another party in the case of peer-to-peer betting. The term ‘wager’ is often used interchangeably with ‘bet.’

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