"Lay a wager" is a phrase commonly used to describe placing a bet or gamble on a particular outcome of an event or scenario. There are many other phrases and synonyms that can be used to convey the same idea without repetition. Some of the most common synonyms for "lay a wager" include "place a bet," "take a chance," "gamble," "risk," "stake," and "put money on the line." Each of these phrases carries a slightly different connotation, but all refer to the act of betting or putting money at risk in the hopes of winning a larger reward. So, whether you "place a bet," "take a chance," or "lay a wager," the end goal remains the same - to turn a small investment into a big payout.