Wagering

Definition and stakes

William Feilden Craies,  1911 Encyclopædia Britannica, Volume 11… (1911)

“ The word “game” (q.v.) is applicable to most pastimes and many sports, irrespective of their lawful or unlawful character. “Gaming” is now always associated with the staking of money or money’s worth on the result of a game of pure chance, or mixed skill and chance; and “gambling” has the same meaning, with a suggestion that the stakes are excessive or the practice otherwise reprehensible, while “wager” and “wagering” are applied to money hazarded on any contingency in which the person wagering has no interest at risk other than the amount at stake. ”
Source: Wikisource

Portrait of Blaise Pascal Blaise Pascal,  Pensées (1670)

“ Let us weigh the gain and the loss in wagering that God is. Let us estimate these two chances. If you gain, you gain all; if you lose, you lose nothing. Wager, then, without hesitation that He is.—"That is very fine. ”
Source: Gutenberg

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