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A âwagerâ can be described as, follows: âThe agreement of gaming and wageringâ is that one party is to win and the other e upon a future every which at the time C the contract is of an a in nature - that is to say, if the event turns out one way A will lose; I it turns out the other way he will win.â.
wage (third-person singular simple present wages, present participle waging, simple past and past participle waged) ( 1 transitive, obsolete) To wager, bet. ( 2 transitive, obsolete) To expose oneself to, as a risk; to incur, as a danger; to venture; to hazard. ( 3 transitive, obsolete) To employ for wages; to hire.