—v.i. 1. to play at any game of chance for money or other stakes.
2. to stake or risk money, or anything of value, on the outcome of something involving chance: to gamble on a toss of the dice.
—v.t. 1. to lose or squander by betting (usually fol. by away): He gambled all his hard-earned money away in one night. 2. to wager or risk (money or something else of value): to gamble one's freedom. 3. to take a chance on; venture; risk: I'm gambling that our new store will be a success.
—n. 1. any matter or thing involving risk or hazardous uncertainty.
2. a venture in a game of chance for stakes, esp. for high stakes.