'hazards'
[hazard.n.01] as in: a source of danger; a possibility of incurring loss or misfortune


Examples:
drinking alcohol is a health hazard



'hazards'
[luck.n.02] as in: an unknown and unpredictable phenomenon that causes an event to result one way rather than another


Examples:
bad luck caused his downfall
we ran into each other by pure chance



'hazards'
[hazard.n.03] as in: an obstacle on a golf course


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'hazards'
[guess.v.02] as in: put forward, of a guess, in spite of possible refutation


Examples:
I am guessing that the price of real estate will rise again
I cannot pretend to say that you are wrong



'hazards'
[venture.v.03] as in: put at risk


Examples:
I will stake my good reputation for this



'hazards'
[gamble.v.01] as in: take a risk in the hope of a favorable outcome


Examples:
When you buy these stocks you are gambling



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