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 act of betting a sum of money on the outcome of an unpredictable event

Example:
He placed a large wager on the horse race.
The wager was that I couldn't finish the entire pizza by myself.

Verb

to bet (a sum of money) on the outcome of an unpredictable event

Example:
I'm willing to wager that he won't show up.
They decided to wager their entire savings on the lottery.