wagering

v. bet; gamble

The term gambling has had many different meanings depending on the cultural and historical context in which it is used. Currently, in Western societies, it has an economic definition, referring to "wagering money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods". Typically, the outcome of the wager is evident within a short period of time.
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Gambling Vox populi An activity in which a person wagers against another person–eg, friend, acquaintance, bookmaker or 'bookie', or [more]Wagering - Community and Resources

Noun
1. the act of gambling; "he did it on a bet"
(synonym) bet
(hypernym) gambling, gaming, play
(hyponym) daily double
(derivation) bet, play
2. the money risked on a gamble
(synonym) stake, stakes, bet
(hypernym) gamble
(hyponym) pot, jackpot, kitty
(part-holonym) pool
(derivation) bet, play
Verb
1. stake on the outcome of an issue; "I bet $100 on that new horse"; "She played all her money on the dark horse"
(synonym) bet, play
(hypernym) gamble
(hyponym) bet on, back, gage, stake, game, punt
(verb-group) play
(derivation) stake, stakes, bet
2. maintain with or as if with a bet; "I bet she will be there!"
(synonym) bet
(hypernym) predict, foretell, prognosticate, call, forebode, anticipate, promise
(derivation) bet

(p. pr. & vb. n.)
of Wager
  

(a.)
Hazarding; pertaining to the act of one who wagers.