Well gambling is pretty much risky as it is regardless on what is at stake, gambling with properties are only truly for the risk takers and truly loves gambling. I would say there are no limitations for it and you can bet with anything.
Yes there are indeed, but i think he's looking for a unique gambling games which the current casino's and sports betting sites doesn't provide.
Yeah, there might no limitations on gambling but staking your property is neither a good idea nor suggestion to do. If you run out of funds in betting, it all means that you have already reached your limit. But it is good though if you'll not wait to let your bankroll be empty especially if your hard-earned money is part of it that should be used for your needs instead of gambling...