What is a Wager (Stake)?

Definition: A wager is a bet placed on an outcome. The stake is the amount of money committed to that bet. In everyday use the two words are often interchangeable.

Stake - the amount the player puts at risk, e.g. €10 on a football match.
Potential return - stake × decimal odds. A €10 stake at 2.50 returns €25, of which €15 is profit.
Minimum and maximum stake - limits set per game, market or player profile.
Total stakes (turnover) - the sum of all wagers over a period, used to calculate GGR and hold.

In casino games, the wager is the bet per spin or per round. Settings such as coin value and number of lines determine the total bet on a slot.

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Related Terms

Implied Probability

Implied probability is the chance of an outcome expressed by the odds. It converts a price into a percentage.

Odds Formats (American, Decimal, Fractional)

Odds formats are different ways of writing the same price. A sportsbook front-end can display decimal, fractional or American odds depending on the market and player settings.

Fixed Odds

Fixed odds betting is a model where the price is agreed when the bet is placed. The payout is calculated from those odds, even if the market price changes later.

iGaming Operator

An iGaming Operator is the company that runs an online casino or sportsbook brand, holds the licence for it and manages the relationship with players.

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