5 List of notable wagers
double – the bettor must pick the winners of two successive races; most race tracks in Canada and the United States take double wagers on the first two races on the program (the daily double) and on the last two (the late double).
the primary intent of the bet is to win additional money or material goods
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The English word hazard originated as Arabic az-zar or al-zar, which meant a type of dice game. Compare also the English word "dicey" meaning "risky".