degenerate junkie scramble 

A last minute effort to cover at lest the risk amount of what looks to be a losing bet. When a single or series junkie parlay bets don't look like they're going to pay out, a gambler does degenerate junkie scramble. This involves frantically betting on late night sporting events without conducting any substantial research at all.

degenerate gambler A: why is the account balance so low?
degenerate gambler B: I did a degenerate junkie scramble last night to try and secure some type of profit for us, but all were unsuccessful

degenerate junkie scramble by dmbx7 July 2, 2008