Wagering refers to the act of placing a bet or stake on the outcome of an event, often in the context of gambling. This can involve various activities, such as sports betting, casino games, or lotteries. The goal is to predict the result correctly to win money or other prizes. In many jurisdictions, wagering is regulated by law, requiring licenses for operators and age restrictions for participants. Popular forms of wagering include sports betting, poker, and horse racing. Understanding the odds and rules is essential for anyone looking to engage in wagering responsibly.