peril vs gamble

peril and gamble both are nouns.

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

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

Other hyponyms of peril include chance, crapshoot.

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

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