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From The Collaborative International Dictionary of English v.0.48:
wager \wa"ger\, v. t. [imp. & p. p. wagered (w[=a]"j[~e]rd); p. pr. & vb. n. wagering.] To hazard on the issue of a contest, or on some question that is to be decided, or on some eventuality; to lay; to stake; to bet. [1913 Webster] And wagered with him Pieces of gold 'gainst this which he wore. --Shak. [1913 Webster]