Google's AI overview says this:
It first says 20-25 but then it says at least level 15-20.To gamble for Sander's Paragon (Sander's Cap)
in Diablo 2 Resurrected, you should use a character around level 20–25 to ensure the item level (iLvl) is high enough to spawn the set item, but low enough to keep costs down.
Optimal Level: Approximately Level 20–25. The Cap has a low Quality Level (qLvl), and gambling at this stage prevents it from rolling into higher-level, more expensive, or exceptional/elite versions.
Item Type: Select Caps in the Gheed gamble menu.
Item Level Calculation: Gambled items have an iLvl of Clvl +4/-5. To ensure the Cap can roll the set version, your character must be at least level 15–20 to hit the required iLvl 20.
Should I be level 15 or level 20 to try gambling for it?
lordvaderiii
25