Meaning of the word wager in English

What does wager mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

wager

US /ˈweɪ.dʒɚ/
UK /ˈweɪ.dʒər/

Noun

an amount of money that you risk in the hope of winning more, by trying to guess something uncertain, or the agreement that you make to take this risk:

Example:
She put a wager of $50 on the race.

Verb

to risk money by guessing the result of something:

Example:
More than $2 billion was wagered legally on sports in Nevada in the last 12 months.