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The phrase "a gamble of" is correct and usable in written English.
It can be used when discussing a risky decision or action that involves uncertainty and potential loss or gain.
Example: "Investing in the stock market can often feel like a gamble of fortune, where the outcome is unpredictable."
Alternatives: "a risk of" or "a bet on".
Exact(20)
It's a gamble of historic proportions.
Di Canio's appointment was a gamble of the Sunderland owner, the American equities entrepreneur Ellis Short.
But this next chapter is a gamble of a different kind.
VMWare recently took a gamble of its own, buying a next-generation networking company, Nicira, that had virtually no revenue, for $1.26 billion.
In this respect it was a gamble of sorts... they just had to hope all of the participants were going to be available.
It's a gamble, of course, but as with all voters, if you don't ask for their votes, you aren't going to get as many.
Similar(40)
The whole renegotiation was a gambling of Britain's place in Europe in the case of Tory party management.
It continued: "The whole renegotiation was a gambling of Britain's place in Europe in the cause of Tory party management.
THOUGH less of a gamble for its corporate owners, "G.E.
"I will oppose any effort to make Social security a gamble, instead of a guarantee".
Noonan, though, also called the speech a "gamble" because of Obama's "stern" and "indignant" tone.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com