Yes, wager is a Scrabble word!
...and is worth 9 points in Scrabble, and 10 points in Words with Friends
wager
Verb
1. Stake on the outcome of an issue
2. Maintain with or as if with a bet
Noun
1. The act of gambling
2. The money risked on a gamble
What Scrabble words can I make with the letters in wager?
4 Letter Words
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3 Letter Words
2 Letter Words