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Pascal's wager is a philosophical argument advanced by Blaise Pascal (1623–1662), seventeenth-century French mathematician, philosopher, physicist, and theologian. [1]
Wager, the amount of a valuable staked when gambling on an event with an uncertain outcome, with the primary intent of winning money or material goods; Legal wager, required by both parties at the preliminary hearing, under the early Roman Republic's Legis Actiones procedure; Scientific wager, a wager whose outcome is settled by scientific method
A wage is payment made by an employer to an employee for work done in a specific period of time. Some examples of wage payments include compensatory payments such as minimum wage , prevailing wage , and yearly bonuses, and remunerative payments such as prizes and tip payouts.
Spread betting allows gamblers to wager on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome. For example, a wager can be based on the when a point is scored in the game in minutes and each minute away from the prediction increases or reduces the payout.
Vigorish (also known as juice, under-juice, the cut, the take, the margin, the house edge or the vig) is the fee charged by a bookmaker for accepting a gambler's wager. In American English, it can also refer to the interest owed a loanshark in consideration for credit.
A "moneyline" wager refers to odds on the straight-up outcome of a game with no consideration to a point spread. In most cases, the favorite will have negative moneyline odds (less payoff for a safer bet) and the underdog will have positive moneyline odds (more payoff for a risky bet).
Parimutuel betting, or pool betting, is a betting system in which all bets of a particular type are placed together in a pool; taxes and the house-take, or vigorish, are deducted, and payoff odds are calculated by sharing the pool among all winning bets.
Wager (derived, through Fr. wagier, gagier, from Lat. vadium, a pledge), a bet or stake. Wagers in the ordinary sense of the term are dealt with under the headings Gaming and Betting ; but the method of wagering - in principle the putting of a decision to the hazard - has had extended employment in various cases which may be noticed here.