When a heavily odds on shot in betting gets turned over and loses
Dave) Get on roger federer to beat Rafa Nedal at odds of 1.05.

alan) Sounds like value to me, ill stick my whole bank on it, yeh?

Dave) Its free money

Tommo) Gubbage convention now taking place in tennis with Rafa nadal 1 set away from a win.

Dave and Alan) FFS! OMG!

Tommo) Has this happend before? Gubbed!
by alan6 August 13, 2008
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GUB is an abbreviation for “greatest underground bunker” the term originated from the sick ass subterranean hang out in the house of Archibald, Patrick, Reid, and Torstein after their freshman year at the university of Utah (shit was a movie ong)
“Yo let’s go to the GUB for a pint!”
by Trailboss_69 April 17, 2023
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someone who does not know what a gub is
"you are such a gub!"
"whats a gub?"
"exactly!!"
by ambee July 13, 2007
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Refering to a males penis
I drew a gub gub on her wall.
by Lois-Audrey July 16, 2006
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Cum that’s half dry. Like when you blow a load on to something after masturbating and don’t clean it up right away and come back and half of it is already sticking to the surface.
Dude who left gub on my couch?!
by G3netiklee_superear May 15, 2019
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Probably the single greatest card game in existence, gubs is a game of wit and luck where you try to collect gubs cards and build the biggest gubs colony. Free the gubs.
Wanna play some gubs?”
Yeah sure.”
by Possessed Sausage June 3, 2019
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