risk vs wager

risk

verb
  • To incur risk as a result of (doing something). 

  • To incur risk of harming or jeopardizing. 

  • To incur risk of (something). 

noun
  • A possible adverse event or outcome. 

  • A borrower (such as a mortgage-holder or person with a credit card). 

  • An entity insured by an insurer. 

  • The potential negative effect of an event, determined by multiplying the likelihood of the event occurring with its magnitude should it occur. 

  • The magnitude of possible loss consequent to a decision or event. 

  • The probability of a negative outcome to a decision or event. 

  • A type of adverse event covered under an insurance policy. 

  • A financial product (typically an investment). 

  • A thing (from the perspective of how likely or unlikely it is to cause an adverse effect). 

wager

verb
  • To bet something; to put it up as collateral. 

  • To suppose; to dare say. 

noun
  • Something deposited, laid, or hazarded on the event of a contest or an unsettled question; a bet; a stake; a pledge. 

  • An offer to make oath. 

  • A contract by which two parties or more agree that a certain sum of money, or other thing, shall be paid or delivered to one of them, on the happening or not happening of an uncertain event. 

  • That on which bets are laid; the subject of a bet. 

How often have the words risk and wager occurred in a corpus of books? (source: Google Ngram Viewer )