1 definition by anothermadeupname

welched

Treated someone like the Welsh have been throughout history, that is ripped off. So the winner of a bet may recieve a welsh prize - nothing. From the outdated adjective welsh - meaning disadvantaged(in poverty and fate).

TheTruth : Yeah Dave did win the bet but I think he may be Welsh so it doesnt count.
Dave : I've been welched

by anothermadeupname April 20, 2010