Wagering refers to the act of placing a bet or stake on the outcome of an event, often in the context of gambling or sports. It involves predicting the result and risking money or valuables in hopes of winning a greater reward. Wagering can take various forms, including traditional betting, online gambling, and casino games. While it can be a source of entertainment, it also carries risks, as the potential for loss is inherent. Responsible wagering practices are essential to ensure that it remains a fun and enjoyable activity rather than a financial burden.