hazard vs luck it

hazard is a noun but luck it is not a noun.

Word	Noun	Adjective	Verb	Adverb
hazard	Yes	No	Yes	No
luck it	No	No	Yes	No

As verbs, luck it is a hyponym of hazard; that is, luck it is a word with a more specific, narrower meaning than hazard:

Other hyponyms of hazard include go for broke, luck through.

hazard (noun)	luck it (noun)
an obstacle on a golf course
an unknown and unpredictable phenomenon that causes an event to result one way rather than another
a source of danger; a possibility of incurring loss or misfortune

hazard (verb)	luck it (verb)
put forward, of a guess, in spite of possible refutation	act by relying on one's luck
take a risk in the hope of a favorable outcome
put at risk