Black's Law Dictionary (2nd edition)dictionaries

Wager

A wager is a contract by which two or more parties agree that a certain snm of money or other thing shall be paid or de-livered to one of them on the happening of an uncertain event or upon the ascertainment of a fact wbich is in dispute between them. Trust Co. v. Goodrich, 75 111. 560; Jordan v. Kent, 44 How. Prac. (N. Y.) 207; winward v. Lincoln, 23 R. I. 476, 51 Atl. 106, 64 L. R. A. 160; Edson v. Pawlet, 22 VL 293; w’oodcock v. McQueen, 11 Ind. 15

Source: Black's Law Dictionary 2nd Ed (1910)