Wager / Bet
Also known as: bet
A bet of money on an outcome. The single unit of activity at a sportsbook.
A wager is a single bet; the unit of activity at any sportsbook. “Wager” and “bet” are used interchangeably; the former is more formal/regulatory, the latter colloquial.
Every wager has:
- A stake (how much you risk)
- A price (the odds)
- A market (what you’re betting on)
- A potential payout