1. the act of wagering the retention of one's anal virginity. This is a very risky wager and advanced technique only to be used if you're absolutely positive you can win, unless you're gay of course 2. the act of using one's ass as a gambling device i.e. ass shuffler or dice roller. this is usually frowned upon by much of the gambling community because of its unsanitary results of players haviing to play with shit covered cards/dice
1. Josh- "Brian said he doesn't wanna hang out today. He spent last night being anally violated because he ran out of money at the poker game." Evan- "I told that cock smoker he needed to quit ass gambling" 2. "I thought craps was a dice game, there's shit everywhere. Fucking ass gamblers, I'm leaving!"