1. Take a risk in the hope of a favourable outcome
   "When you buy these stocks you are gambling";
   - chance, risk, hazard, take chances, adventure, run a risk, take a chance
    
2. Play games for money
   "He gambled away his inheritance"

1. Money that is risked for possible monetary gain
   "He put a large gamble on the underdog team"
    
2. A risky act or venture
   "Investing all their savings in cryptocurrency was a huge gamble"

Sounds like: gallop, galop, Galmble, ga

Derived forms: gambled, gambling, gambles

Type of: assay [archaic], attempt, danger, essay, peril, play, risk, seek, speculation, try, venture

Encyclopedia: Gamble, Michael