The phrase "real gamble" means taking a risky and uncertain chance with potential consequences that are hard to predict or control.
Sentences with «real gamble»
The game itself is simulated gambling, not real gambling. (rdr2.com)
In their message, they defined the difference between Real Gambling and Simulated Gambling. (cogconnected.com)
Naturally, «Real Gambling means betting real money»; «Simulated Gambling» means «player can gamble without betting or wagering real cash or currency.» (cogconnected.com)