Definitions
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noun 
  1. A risk undertaken with a potential gain. A significant risk is implied
  2. A risky venture
The sailors had taken many gambles (plural) with the sea and always won.
Translations: 
    verb (gambl, ing)
    1. To take a risk, with the potential of a positive outcome.
    2. To play risky games, especially casino games, for monetary gain.
    3. (transitive) To risk (something) for potential gain.
    He gambled his reputation on the outcome.
    Translations: 
    • German: aufs Spiel setzen

    Supplemental Details:
    

    Gamble - An undertaking of financial or material risk, with an unknown outcome. To play games of chance, commonly known as casino games, while assuming a monetary risk. To wager on an outcome that is uncertain.


    Usage: My old college roommate and I went downtown to gamble at the casino and have lunch at the buffet.


    To gamble is wager a money or something of value based on an outcome that is unknown and not entirely in control of those gambling. To gamble in a casino or online casino involves wagering on games such as blackjack, roulette or machines such as video poker and slot machines. A simple wager between individual on the outcome of a sporting event is a gambling proposition, as are bets on golf, bowling or friendly poker games.


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