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 hardlyany money to pay his bills but gambles it all, the guy is a loser
By Thomasin
Degenerate Gambler
(Derogatory/Insult)
An active gamblingaddict who bets money and/or objects they can't afford to lose.
1. A book written by "Oklahoma Johnny" Hale that tells his story from his humble beginnings as a poor country boy to his successes in business to his wild gambling days playing high stakes poker.
2. A term used to describe an older wealthy man who now lives as a professional high stakes gambler, or is just involved in high stakes gambling on a regular basis. His true wealth may be a product of his success at gambling or other unrelated business ventures, or could even be inherited. The gentleman gambler may at times be viewed as a gentleman of leisure and he often prides himself as a true gentleman, honest and fair, but also as a cool and calm player with many years of gambling experience.
Santos is a true gentlemangambler who has been playing poker all his life. Always brings a lot of money to the table and is very generous, but is still respectful of the other players.
By Margalit
Amber Gambler
A driver who speeds through yellow lights in order to get through before they turn red.
I just won $500 at the craps table, so I grabbed a whore from the bar and went up to my room, banged her for 15 minutes and finished off by giving her the "gambler's special".
By Eunice
Gambler's Fallacy
The belief that the odds of an event occurring increase after it has failed to occur a certain number of times.
This nickel has come up "heads" 5 times in a row; the next time it has to be a "tail."
