The term wagering is used to refer officially to bets placed on racing and sporting events. It is used as a term for a distinct form of gambling, in contrast with betting on poker machines or buying lottery tickets.

See betting

See betting.

Wagering is the term used to describe how much you are betting, profit/loss is not a factor. For example, if I wager £5 and win the £5 back then I have not lost or gained anything, but I have wagered £5. If I did the same again by wagering £5 and winning the £5 back then I have still not lost or gained anything, but I have now wagered £10. How much [..]

  An agreement to pay out an amount of money based on the outcome of an unsettled matter.

wager|lang=en|nocat=1 ''He has been wagering half his wages weekly.'' progressive ''Certain wagering individuals would profit from the outcome.'' adjectival ''Carelessly wagering his allowance [..]

Gambling is the wagering of money or something of value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning money or material goods. Gambli [..]