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English definition of “gamble”

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gamble

verb  /ˈɡæm·bəl/ us  
to risk losing money in the hope of winning a lot more money, esp. if the result of a future event happens as you hope: [I] Some people like to gamble even though the odds are against them. [M] He gambled away most of his money. To gamble is also to do something that you think is worth doing although it might not succeed or you might lose money: [+ that clause] We’re gambling that enough people will show up at the concert to cover our expenses.
gamble
noun [C usually sing]  /ˈɡæm·bəl/ us  
Starting up a new business is always a gamble.
gambling
noun [U]  /ˈɡæm·blɪŋ/ us  
Gambling in the form of state lotteries is used to raise money for education.
(Definition of gamble from the Cambridge Academic Content Dictionary © Cambridge University Press)
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