1. A rejection or refusal.

2. An explanation that something did not occur.

In either instance, "no dice" is used to indicate that there is no chance or probability of the event happening. Dice represents the likelyhood of whatever item taking place (by the roll of the die), and not having dice means that there is not even a slim chance.
1.
Boy: Will you go out with me?
Girl: No dice. (No chance in hell.)

2.
"I was hoping that I would run into her at the park, but no dice." (She was not at the park, therefore there was never any possibility.)
by Chika January 06, 2007

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Condescending term used to say "You cannot have it"
Guy1: Gimme your gun, Imma waste these fuckers.

Guy2: No dice...
by Gumba Gumba February 28, 2004

The Urban Dictionary Mug

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Lotsa space for your liquids.

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The Urban Dictionary Mug

One side has the word, one side has the definition. Microwave and dishwasher safe. Lotsa space for your liquids.

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The Urban Dictionary T-Shirt

Soft and offensive. Just like you.

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The Urban Dictionary T-Shirt

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you tried, but failed, you didn't get any dice
Yo, did you win the really cool thing that you wanted to win?

nope, no dice.
by shmo April 13, 2003

The Urban Dictionary Mug

Lotsa space for your liquids.

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The Urban Dictionary Mug

Lotsa space for your liquids.

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The Urban Dictionary Mug

Your favorite word on a white mug.

Create a mug

The Urban Dictionary Mug

One side has the word, one side has the definition. Microwave and dishwasher safe. Lotsa space for your liquids.

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The Urban Dictionary T-Shirt

Soft and offensive. Just like you.

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The Urban Dictionary T-Shirt

Smooth, soft, slim fit American Apparel shirt. Custom printed. 100% fine jersey cotton, except for heather grey (90% cotton).

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thats a bad thing
no good
matt i screwed genevieve
matt: no dice

The Urban Dictionary Mug

Lotsa space for your liquids.

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The Urban Dictionary Mug

Lotsa space for your liquids.

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The Urban Dictionary Mug

Your favorite word on a white mug.

Create a mug

The Urban Dictionary Mug

One side has the word, one side has the definition. Microwave and dishwasher safe. Lotsa space for your liquids.

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The Urban Dictionary T-Shirt

Soft and offensive. Just like you.

Buy the t-shirt

The Urban Dictionary T-Shirt

Smooth, soft, slim fit American Apparel shirt. Custom printed. 100% fine jersey cotton, except for heather grey (90% cotton).

Buy the t-shirt