Definition of: gamble

(gam′bəl) v. gam·bled, gam·bling v.i.
1. To risk or bet something of value on the outcome of an event, a game of chance, etc.
2. To take a risk to obtain a desired result: He gambled on finding the window open.
—v.t.
3. To wager or bet (something of value).
4. To lose or squander by gaming: usually with away.
—noun Colloq.
1. Any risky or uncertain venture.
2. A gambling venture or transaction. ♦ Homophone: gambol. [Cf. ME gamenen, OE gamenian sport, play]
—gam′bling noun