Wagers can be described by a variety of synonyms depending on the type of bet being placed. Some common synonyms for wagers include bets, gambles, stakes, risks, or wagers. A wager refers to a monetary or material item that is put on the line in hopes of a desired outcome. Other related words might include a wager's synonym of "betting" or the phrase "putting one's money where their mouth is." A wager can be placed on any number of events or outcomes such as sports, games of chance, or even political or social issues. Each synonym for wagers carries with it a slightly different connotation or context, but ultimately all refer to the act of betting or taking a risk with something of value.