gamble

Definition

To engage in any activity in which money is put at risk for the purpose of making a profit, and which is characterized by some or most of the following (in approximately descending order of importance): little or no research has been conducted; the odds are unfavorable; the behavior is risk-seeking; an unsystematic approach is being taken; emotions such as greed and fear play a role; the activity is a discrete event or series of discrete events not done as part of a long-term plan; the activity is significantly motivated by entertainment or compulsion; ownership of something tangible is not involved; no net economic effect results.

Use gamble in a sentence

You need to do your research so that you know just how much of a gamble any new project will be.

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It was a gamble hiring that man, but the gamble paid off because he became an excellent worker for us.

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The decision to gamble on the direction of the assets price in the form of speculating in the derivative market was made.

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