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Definition 1:
An agreement in which people try to guess what will happen and the person who guesses wrong has to give something (such as money) to the person who guesses right :bet .
Examples:
He has a wager on the game.
A friendly wager
Definition 2:
The money or other valuable thing that you could win or lose in a bet .
Examples:
I don’t think the horse will win. What’s your wager?
I placed/made a wager on the horse. [=I bet money on the horse]
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