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The concept of a wager refers to an agreement between parties the place one celebration bets one thing of worth on the finish result of an event. It is commonly related to gambling, but can even apply to other situations where a stake is involved. A wager typically entails the expectation of receiving a reward if the result is favorable. In authorized phrases, a wager differs from a contract in that it often entails elements of likelihood somewhat than mutual obligation. In many jurisdictions, the legality of wagers, especially within the context of gambling, is
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