wager

/'weidʤə/
Noun
  1. the money risked on a gamble
  2. the act of gambling
    • he did it on a bet
Verb
  1. maintain with or as if with a bet
    • I bet she will be there!
  2. stake on the outcome of an issue
    • I bet $100 on that new horse
    • She played all her money on the dark horse

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wager
He placed a small wager on the horse race.