Webster's English Dictionary

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gamble

1. gam.ble \'gam-b*l\ \-b(*-)lin\ \-bl*r\ vb or gam.bling [prob. 
   back-formation fr. gambler, prob. alter. of obs. gamner, fr.] obs. gamen 
   (to play) 1a: to play a game for money or other stakes  1b: to bet on an 
   uncertain outcome  2: to stake something on a contingency : SPECULATE  1: 
   to risk by gambling : WAGER  2: VENTURE, HAZARD  - gam.bler n
2. gamble n 1: the playing of a game of chance for stakes  2a: an act 
   having an element of risk  2b: something chancy