thrills and spills
The excitement of thrillingly dangerous activities in which the participant may at any moment go from success to failure. He was always a rather reserved person, so it shocked me to learn that he was so into the thrills and spills of white-water rafting. Millions tune in to watch the thrills and spills of stock car racing.
thrills and spills
the excitement of dangerous sports or entertainments, especially as experienced by spectators.(the) thrills and ˈspills (of something)
(informal) the exciting mixture of sudden successes and difficulties: He loves the thrills and spills of Grand Prix motor racing.