Top Definition
Rainbow gambler is term used in the middle and north of the UK to describe a compulsive and erratic gambler of limited financial status - the bottom feeders of the gambling fraternity. The term meaning they are always chasing that pot of gold at the end if the rainbow but always coming up short
Danny is a rainbow gambler, he had hardly any money to pay his bills but gambles it all, the guy is a loser
by GamblersRamblers January 15, 2014

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