Strategy
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Gambits are often said to be 'offered' to an opponent, and that offer is then said to be either 'accepted' or 'declined.' If a player who is offered a gambit captures the piece (and thus gains material) the gambit is said to be accepted. If the player who was offered the gambit ignores it and instead continues his or her development, then the gambit is said to be declined.
In modern chess, the typical response to a moderately sound gambit is to accept the material and give the material back at an advantageous time. For gambits that are less sound, the accepting player is more likely to try to hold onto his extra material. A rule of thumb often found in various primers on chess suggests that a player should get three moves (see tempo) of development for a sacrificed pawn, but it is unclear how useful this general maxim is since the "free moves" part of the compensation is almost never the entirety of what the gambiteer gains. Of course, a player is not obliged to accept a gambit. Often, a gambit can be declined without disadvantage.
Read more about this topic: Gambit
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