Refers to unpredictability in a situation with various possible results. We didn't have a guide for the city, so we took pot luck with our sightseeing.
Pro Tip 2/3
No Guarantee
Highlights the absence of certainty in what you will get. The bargain bin at the store is pot luck; there are no refunds.
Pro Tip 3/3
Not Planned
Used when actions are taken without a set plan or expectations. We didn't book a hotel, preferring pot luck to find a place at the last minute.