Gamble: cut it fine? (4)
I believe the answer is:
dice
This clue is a double definition.
'gamble' is the first definition.
(I know this)
'cut it fine?' is the second definition.
(dice can mean to chop up)
(Other definitions for dice that I've seen before include "Random number generators" , "Small cube" , "Make into chips" , "Take a risk" , "Gaming cube(s)" .)