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What is a crapshoot?

What is a crapshoot? Here are some definitions.

Noun
  1. A game of craps.
  2. (US) A venture with a highly risky or unpredictable outcome.
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Examples
That has turned the all-but-interminable Belmont Stakes into a little more than a crapshoot, decreasing the odds of a victory by the favourite.
Drafting high school and international players has obvious risks, but even with one-year collegians, the draft can be a crapshoot.
The futures game is a gamble, a crapshoot really, for both retailer and customer.
The Contemporary World Cinema category is generally a catch-all and a crapshoot.
On the other hand, a task that only a single pilot completes is something of a crapshoot.
It's too much of a crapshoot, at least over 18 holes, too great a chance you'll have a couple of little-known players in the final and therefore no real interest.

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