Gambit
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A gambit is a calculated risk.
As applied to chess, it refers to losing material, usually a pawn or two, in order to obtain a strategic advantage. (There are some exceptions, such as the Muzio Gambit, which sacrifices an entire knight.
A gambit is also a small tool used to attach a cantle to a sporran.
Mike Gambit was a character in mid-70s Brtish action series 'The New Avengers', played by coffee salesman Gareth Hunt (d.2007).
Gambit was also one of the X-Men.