Muck-snipe - To gamblers, the one who has been "cleaned out." ... Mugwump - An Indian word meaning captain, leader or notable person. More slang of this type can be found at this website: www.legendsofamerica.com/WE-Slang5.

Wow! I've never heard that. Is that australian slang?

A muck snipe is someone who is "down and out", which means they have bad luck with money or financial matters. Muck snipe is a term that was used in English in the Victorian era much more often than it is used now.