Wager

/ˈweɪdʒər/
Definition 1 of 2
Visual representation of "wager"
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Chance Element

'Wager' implies there's an element of chance involved, not skill alone.

Illustration for Chance Element
He placed a wager on the lottery, knowing it was all down to luck.
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Not Business

'Wager' is usually not used in formal business; it's more common in casual gambling contexts.

Illustration for Not Business
They joked about making a wager on the business deal, but shook hands instead.
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Casual Agreements

'Wager' can mean casual bets among friends, not just formal gambling.

Illustration for Casual Agreements
We made a friendly wager on whether it would rain tomorrow.
Visual representation of the word "Wager"

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