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From: Webster's Revised Unabridged Dictionary (1913)

 wa·ger, v. t. [imp. & p. p. wagered p. pr. & vb. n. wagering.] To hazard on the issue of a contest, or on some question that is to be decided, or on some eventuality; to lay; to stake; to bet.
 And wagered with him
 Pieces of gold 'gainst this which he wore.   --Shak.