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Gambled and lost 

When you try to fart but end up shitting in your pants.
Carlos and I were hanging out in the hotel room when Carlos lifted a cheek and squeezed one out. Unfortunately it sounded wet. Carlos gambled and lost.
Gambled and lost by perogi February 6, 2007

gambled 'n lost/lose 

When you push out what you think is a fart but turns out to be a turd.
Dude, after that Mexican food I gambled 'n lost. I had to run home and change.
gambled 'n lost/lose by Bill June 18, 2003

gambled and lost 

When one has "gambled and lost," they have tried to fart, but in the process, some fecal matter has come out. Usually resulting in a "shower of shame." Opposite of "gambled and won."
Rory: Hey, where's Jake?
Brian: Oh, he gambled and lost and now he is taking a shower of shame.
gambled and lost by Jaker July 16, 2008

Gambled With Life 

Taking Risk Which Can Be Life Threatening.
I Did This Stunt Mid-Air. I Gambled With Life To Break The Internet.
Gambled With Life by 969O April 1, 2024

I Gambled and Lost 

I just cut a big fart and I gambled and lost. My pants are in the washing machine.

rainbow gambler 

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