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wagering contract Wager is something risked on an uncertain event, gambling, stake. A wagering contract is one by which two persons professing to hold opposite views, touching the issue of a future uncertain event, mutually agree that, dependent upon the determination of that event, one shall win from the other, shall pay or handover to him a sum of money or other stake, neither of the contracting parties having any other interest in that contract then the sum or stake he will so win or lose, there being no other real consideration for the making of such contract by either of the parties. |