wager vs handicap bet

wager and handicap bet both are nouns.

Word	Noun	Adjective	Verb	Adverb
wager	Yes	No	Yes	No
handicap bet	Yes	No	No	No

As nouns, handicap bet is a hyponym of wager; that is, handicap bet is a word with a more specific, narrower meaning than wager:

wager: the act of gambling
handicap bet: a bet on a weaker competitor that is given a head start by a bookmaker.

Other hyponyms of wager include daily double, exacta, perfecta, parimutuel, parlay, place bet, superfecta.

wager (noun)	handicap bet (noun)
the act of gambling	a bet on a weaker competitor that is given a head start by a bookmaker.
the money risked on a gamble

wager (verb)	handicap bet (verb)
maintain with or as if with a bet
stake on the outcome of an issue