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1 definition by alan6

 
1.
When a heavily odds on shot in betting gets turned over and loses
Dave) Get on roger federer to beat Rafa Nedal at odds of 1.05.

alan) Sounds like value to me, ill stick my whole bank on it, yeh?

Dave) Its free money

Tommo) Gubbage convention now taking place in tennis with Rafa nadal 1 set away from a win.

Dave and Alan) FFS! OMG!

Tommo) Has this happend before? Gubbed!
by alan6 August 13, 2008