gamble vs peril

gamble and peril both are nouns.

Word	Noun	Adjective	Verb	Adverb
gamble	Yes	No	Yes	No
peril	Yes	No	Yes	No

As nouns, peril is a hypernym of gamble; that is, peril is a word with a broader meaning than gamble:

Other hypernyms of gamble include danger, risk.

gamble (noun)	peril (noun)
a risky act or venture	a venture undertaken without regard to possible loss or injury
money that is risked for possible monetary gain	a source of danger; a possibility of incurring loss or misfortune
	a state of danger involving risk

gamble (verb)	peril (verb)
play games for money	put in a dangerous, disadvantageous, or difficult position
take a risk in the hope of a favorable outcome	pose a threat to; present a danger to