
Wager
Chance Element
'Wager' implies there's an element of chance involved, not skill alone.

He placed a wager on the lottery, knowing it was all down to luck.
Not Business
'Wager' is usually not used in formal business; it's more common in casual gambling contexts.

They joked about making a wager on the business deal, but shook hands instead.
Casual Agreements
'Wager' can mean casual bets among friends, not just formal gambling.

We made a friendly wager on whether it would rain tomorrow.
Compare with
AdventureAnteBetChallengeGambleHazardRiskSpeculateStake
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