When you gamble, you take a risky chance on something. When an entrepreneur invests her own money in her business, she gambles on its success.

If you approach a stray dog, you gamble on its friendliness, and if you turn down a high-paying job to take a more interesting position, you gamble on it eventually paying off. Another way to gamble is to buy a lottery ticket or place a bet on a poker hand: when you gamble like this, you play a game of chance, risking some amount of money. Gamble is from Old English gammlen, "to play, jest, or be merry."

Definitions of gamble

v take a risk in the hope of a favorable outcome

“When you buy these stocks you are gambling
adventure, chance, hazard, risk, run a risk, take a chance, take chances
go for broke
risk everything in one big effort
luck it, luck through
act by relying on one's luck
Type of:
assay, attempt, essay, seek, try
make an effort or attempt

v play games for money

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play dice
shoot craps
play a game of craps
bet or wager (money)
bet, play, wager
stake on the outcome of an issue
back, bet on, gage, game, punt, stake
place a bet on
play a card lower than (a held high card)
make bets
bet more than the previous player
match or meet
Type of:
participate in games or sport

n money that is risked for possible monetary gain

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bet, stake, stakes, wager
the money risked on a gamble
jackpot, kitty, pot
the cumulative amount involved in a game (such as poker)
(poker) the initial contribution that each player makes to the pot
kitty, pool
the combined stakes of the betters
Type of:
speculation, venture
an investment that is very risky but could yield great profits

n a risky act or venture

long shot
a venture that involves great risk but promises great rewards
increasing the size of a bet (as in poker)
double, doubling
raising the stakes in a card game by a factor of 2
Type of:
danger, peril, risk
a venture undertaken without regard to possible loss or injury

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