Is “Wager” a Scrabble word?

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Yes
WAGER
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Wager

/ˈweɪdʒɚ/

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

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

  3. 3.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.

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

    I'd wager my boots on it.

  2. 2.To suppose; to dare say.

    I'll wager that Johnson knows something about all this.

Synonyms: lay odds