Top Definition
The theory in Mario Kart stating that it is, in fact, beneficial to remain in second place throughout the course of a race, as this will allow the player to avoid incoming Blue Shells, while simultaneously putting them in an advantageous position to overtake the first place racer when appropriate.
Person 1: "How did you win the circuit by coming in second place in every race?"

Person 2: "Simple, I merely applied Riley's Wager to my strategy. You mad bro?"
by Philosogamer50 December 04, 2011
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