an extremely gay douche bag that has a pussy and likes men (horses)
That faggot over there with no dick is such a gambull"
by dimitri sarkosh June 7, 2009
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Using any monies won by gambling to place further 'sensible' bets
"I've just won £22.14 on a double in darts, I'm going to gambulate by using my winnings to bet on something that is most likely to win with a little return"

"What are you doing this weekend?"
"I'm going to watch the footy down the pub and start gambulating my winnings from last week"
"Nice one mate"
by humancommaholic January 1, 2017
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