You searched for: “gambol
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gamble (GAM buhl) (noun)
1. An action of uncertain outcome, as of a contest or the participation in a game of chance: They were always trying one form of gamble after another; for example, playing poker or roulette which involved risking money, or they even bet on horse races, in the hope of winning money.
2. A risky action that may gain an advantage or a benefit if successful: Patrick took a gamble that stock prices would rise.
gamble (GAM buhl) (verb)
To engage in reckless or hazardous behavior: Robert was warned that to gamble with his health by continuing to smoke was a risky way to live.
gambol (GAM buhl, GAM bohl) (verb)
1. To leap about playfully; to frolic: The lambs liked to gambol in the field every morning.
2. To skip about, as in dancing or playing: The little children loved to gambol in the play room.
gambol (GAM buhl, GAM bohl) (noun)
Happy or light-hearted recreational activity for diversion or amusement: The young dog went for a gambol every evening with its owner who used a leather leash attached to the dog's neck.

The teachers took a gamble when they planned the end of school gambol for the students to be outside in the park.