gamble vs long shot

gamble and long shot both are nouns.

Word	Noun	Adjective	Verb	Adverb
gamble	Yes	No	Yes	No
long shot	Yes	No	No	No

As nouns, long shot is a hyponym of gamble; that is, long shot is a word with a more specific, narrower meaning than gamble:

Other hyponyms of gamble include raise.

gamble (noun)	long shot (noun)
a risky act or venture	a venture that involves great risk but promises great rewards
money that is risked for possible monetary gain	a contestant that is unlikely to win

gamble (verb)	long shot (verb)
play games for money
take a risk in the hope of a favorable outcome