What does "hazard" mean?

Hazard: The uncertain result of throwing a die; hence, a fortuitous event; chance; accident; casualty. I will stand the hazard of the die. Shak.

Additional senses

  1. 2.Risk; danger; peril; as, he encountered the enemy at the hazard of his reputation and life. Men are led on from one stage of life to another in a condition of the utmost hazard. Rogers 4. (Billiards Holing a ball, whether the object ball (winning hazard) or the player's ball (losing hazard).
  2. 3.Anything that is hazarded or risked, as the stakes in gaming. "Your latter hazard." Shak. Hazard table, a a table on which hazard is played, or any game of chance for stakes. -- To ru, to take the chance or risk. See Danger.
  3. 4.To expose to the operation of chance; to put in danger of loss or injury; to venture; to risk. Men hazard nothing by a course of evangelical obedience. John Clarke. He hazards his neck to the halter. Fuller.
  4. 5.To venture to incur, or bring on. I hazarded the loss of whom I loved. Shak. They hazard to cut their feet. Landor.
  5. 6.To try the chance; to encounter risk or danger. Shak.

Sources