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He placed a large wager on the horse race.

A sum of money or something of value that is risked on the outcome of an event, typically a game or contest.
My wager was correct.
That is a big wager.
The wager was lost.
make a wager
win a wager
lose a wager
stake
gamble
risk
I wager that our team will win the game.

To make a bet or stake on the outcome of an event.
I wager you cannot do that.
He will wager money on the race.
They wagered on the final score.
wager money
wager a bet
wager on something
bet
gamble
stake