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gambling 

I pissed all my cash awy gambling on the internet.
gambling by Sean December 8, 2003

Gambling Tracey

This person throws illegal trailer park gambling parties and serves illegal hooch for money. They can hold a normal job but once at the park it’s on. This person has little to no hair and bad credit. Her stories make suicide seem logical.
That gambling Tracey is crazy, she beat me at craps and served illegal bathtub gin all in the same 5 minutes. Wish her hair would grow back from the radiation and her stories are insane!

Tilt (gambling) 

Tilt: When somebody has been gambling (Usually Sports gambling) and has lost multiple consecutive bets and has become dizzy from it.
Person: Man, I took Bama -6 at noon for 1k and lost, then took Michigan -3 at 3:30 for 2k and lost again! I am on fucking TILT! Tilt (gambling)
Tilt (gambling) by Bobby Lights October 27, 2012

gambling 

when your not sure if you have to fart or shit and you take the chance any way thats what gambling is all about
doug gambled and lost and shit his pants insted of letting out some harmless gas

Sloppy Gambling 

Gambling to the point of losing one's mind and thus losing their entire life savings.

Derived from the phrase: Sloppy drunk
Matt: Alex stop betting man you keep losing!

Alex: Shut the fuck up man ONE MORE HAND!

Matt: I ain't being a part of this and your sloppy gambling. Lose it all for all I care, bitch.
Sloppy Gambling by Jew_Bagel November 30, 2011

Gambling 

1. An improvident activity in which winning gleefully proceeds losing. 2. The saddled process of chasing one's loses or blowing one's winnings. 3. Chinese finger cuffs. 4. An insatiable itch erroneously believed to be satisfied by scratching. 5. The willingness to ask Chance for Certainty.
Horse race betting, casinos, sports betting etc, are all forms of gambling. There are many more of course, all which basically get the same results.
Gambling by Prof. Osled November 23, 2009