luck it vs hazard

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

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

As verbs, hazard is a hypernym of luck it; that is, hazard is a word with a broader meaning than luck it:

Other hypernyms of luck it include adventure, chance, gamble, risk, run a risk, take a chance, take chances.

luck it (noun)	hazard (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

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