Entry 3 senses · 3 variants Webster, 1913 Gamble /găm'-bəl/ · Gam·ble · IPA /ˈɡæm.bəl/ v. i. v. t. n. 01 v. i. To play or game for money or other stake. imp. & p. p. Gambled; p. pr. & vb. n. Gambling 1. To play or game for money or other stake. 02 v. t. To lose or squander by gaming; -- usually with away. 1. To lose or squander by gaming; -- usually with away. 03 n. An act of gambling; a transaction or proceeding involving gambling; hence, anything involving similar risk or uncertainty. 1. An act of gambling; a transaction or proceeding involving gambling; hence, anything involving similar risk or uncertainty.[Colloq.]