No, it means exactly what it seems to mean -- to place a bet.
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To wager is to make a bet and the amount gambled is also called the wager (or stake).
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Wager, gamble.
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Zero the player need not wager anything or they can wager 1 dollar if you consider nothing not actually a wager
Probably is bet.
A wager is either something deposited as a bet, or something on which bets are laid.
The banker was motivated to wager the bet primarily out of a sense of arrogance and a desire to prove his superiority over the young lawyer. He believed that the bet would demonstrate the futility of life outside of wealth and materialism. Additionally, the banker’s impulsiveness and a momentary thrill of risk also played a role in his decision to engage in the wager.