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The act of repeatedly being screwed over by the promise and seldom reward of high value rewards for purchase.
Joe - "They kicked me in the balls and stole my wallet"

Jason - "Sounds like you've been Mobaged Joe"
by Mobash March 08, 2014
1) To be completely taken for all your money in a mobile game in attempts to advance your character past free player status.

2) to be given very dry, very unwelcome surprise buttsex with no reacharound.
Dude, dont download rage of bahamut! You are gonna get totally mobaged!
by N8dog640 August 01, 2014