Definition
The noble pursuit of losing money with statistical precision while convincing yourself it's strategy. Disguised as 'informed wagering' by people who clearly haven't examined their bank statements after game day.
Example Usage
I was betting on three underdogs and watched my entire rent budget evaporate in real time.
Source: Sports and gambling terminology
Related Terms
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See “betting” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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