Taking a risk can be exciting, but it's important to consider the potential dangers. There are many different ways to describe a risky thing, each with its own connotations. Some alternatives include dangerous, hazardous, precarious, uncertain, perilous, and risky proposition. These all suggest some degree of uncertainty or potential negative outcomes. Other options include daring, bold, adventurous, and audacious, which emphasize the thrill and excitement of taking a risk. Ultimately, the word or phrase chosen depends on the context and the speaker's perspective on risk. It's important to remember that what may be considered risky for one person may not be for another.