👉 In the context of probability and mathematics, a wager is an agreement to bet on some outcome. This can be either a positive or negative outcome, such as winning money, losing money, or making a prediction about future events. Wagering involves setting up stakes for one side to bet against another, with the goal being to win the stakes in return for a fixed amount of money. The wager is usually made by one party and accepted by the other, who then makes their own decision based on