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wagering
This term carries a more formal and legalistic tone than the common word betting. It is frequently employed in legislative texts, corporate policies, and regulatory frameworks to describe the systemic act of risking money on an uncertain outcome.
As a noun, it functions as a gerund describing the activity itself. Because it refers to a general practice or a conceptual activity, it is treated as an uncountable mass noun. It does not take a plural form and cannot be counted with numbers; instead, one would refer to a specific instance as a wager.
Meanings
Examples
The city has seen a massive increase in online wagering over the last decade.
I cannot believe he is spending his entire paycheck on sports wagering.
The government is considering new taxes on wagering activities.
The government is considering new taxes on wagering activities.
The ancient Romans were known for their passion for wagering on chariot races.
Maybe I should try wagering a small amount just for the thrill.
The company specializes in developing wagering software for casinos.