* it is the activity or practice of playing at a game of chance for money or other stakes.
* the act or practice of risking the loss of something important by taking a chance or acting recklessly.
These are accurate and with what I've watched on the news, tv shows, and documentaries but actually happens in real life. Even land titles, businesses, and wives are being staked. Those are things that the dictionary accurately identified.
When a gambler losses all the money he got inside the casino and he wants to keep moving, all the important things that he can stake will be at staked. That's how powerful our emotions and goes to the point that we can't even control it.