The Loss of the Wager is an eighteenth century melodrama set in a ferociously inhospitable climate on one of the world's most remote and dangerous coastlines. The Loss of the Wager is an eighteenth century melodrama set in a ferociously inhospitable climate on one of the world's most remote and dangerous coastlines. When Commodore Anson set out for the Pacific in 1740, to attackthe Spanish ships on the Chilean coast, he took eight ships with...