Meaning of “gamble” in the English Dictionary

"gamble" in British English

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uk /ˈɡæm.bəl/ us /ˈɡæm.bəl/

gamblenoun [ C usually singular ]

uk /ˈɡæm.bəl/ us /ˈɡæm.bəl/

(Definition of “gamble” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"gamble" in American English

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us /ˈɡæm·bəl/

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.
noun [ C usually sing ] us /ˈɡæm·bəl/

Starting up a new business is always a gamble.
noun [ U ] us /ˈɡæm·blɪŋ/

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)

"gamble" in Business English

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gamblenoun [ C, usually singular ]

uk /ˈɡæmbl/ us

an action that involves risk but that could have a good result:

Homebuyers who are willing to take a gamble that interest rates will stay low can get a mortgage at less than 3%.
The gamble paid off and the President's reputation as a strong leader was enhanced.
a big/huge/massive gamble

gambleverb [ I or T ]

uk /ˈɡæmbl/ us

to do something that involves risk and could fail but that you hope will succeed or make money:

gamble on sth He gambled his political future on the success of the project.
gamble with sth The President warned Republicans not to gamble with Medicare.
Investors gambled that the US interest rate rise would be the last one this year.
Large numbers are gambling on the house price boom - a gamble they may regret if prices fall or interest rates rise.

to risk money, for example in a game or on a horse race:

In the 2000s casinos began to spread, providing alternative places to gamble.

Phrasal verb(s)

(Definition of “gamble” from the Cambridge Business English Dictionary © Cambridge University Press)