0 past simple and past participle of gamble
1 to do something that involves risks that might result in loss of money or failure, hoping to get money or achieve success:
However, the spivs gambled on the warning not being implemented.
We have gambled on that twice, and we got through only by the skin of our teeth; the third time may be fatal.
Not only had they gambled and lost, but they had put their neighbours and friends at risk as well.
Indeed, they have gambled with the economy since taking office.
I would have gambled heavily right to the end that there was no prospect of such a rapprochement.
We have been given figures showing how much is gambled on football pools and in society generally.
We hope that they are right, but it is possible that they have gambled wrongly.
He gambled that a security scandal would be unearthed, and he lost.