The most important thing to remember about all gambits -- whether Irish or Scottish -- is that they all serve to make moves subsequent to them possible. White moves and then black moves but only after white moves. It sounds much more complicated than it is but a gambit is dubious particularly if played in Budapest.
Irish Gambit

This Chicago Gambit is also called the Irish Gambit and is an unsound line, according to The Oxford Companion to Chess. The name comes from a simultaneous display with Pillsbury in 1898. There is a better line, the Schultze-Müller Gambit, because white obtains some lead in development as well as a pawn for the knight after 1. e4 e5 2. Nf3 Nc6 3. Nc3 Nf6 4 Nxe5 Nxe5 5. d4 Ng6 6. e5 Ng8 according to the same book

This Chicago Gambit is also called the Irish Gambit and is an unsound line, according to The Oxford Companion to Chess. The name comes from a simultaneous display with Pillsbury in 1898. There is a better line, the Schultze-Müller Gambit, because white obtains some lead in development as well as a pawn for the knight after 1. e4 e5 2. Nf3 Nc6 3. Nc3 Nf6 4 Nxe5 Nxe5 5. d4 Ng6 6. e5 Ng8 according to the same book
Schulze-Muller? I thought it was the Halloween gambit.

As near as I can tell, White winds up with a couple of pawns and a lead in development. I might try it as an experiment this weekend.

In case anyone is still wondering, I made a Lichess study about this dubious (But fun) opening. I did beat Noam with it pretty easily and I am not the strongest player there is, so I think it has SOME merit but I mean we are just down a piece so yeah lol. https://lichess.org/study/MRUp4x2B is the study, and https://www.chess.com/game/computer/20126123 is the game. Hopefully some random person found that helpful lol.
The Chicago Gambit
1.e4 e5 2.Nf3 Nc6 3.Nxe5 ?
The same idea as the Halloweengambit, but the pawn is taken one move earlier. This cannot be recommended. Contrary to the Halloween gambit, there is not the characteristic Knight chase by pushing forwards the center pawns. Nevertheless, Phillips,D-Pillsbury,H,Chicago,1899, was 1-0. This is the game :
1.e4 e5 2.Nf3 Nc6 3.Nxe5 Nxe5 4.d4 Nc6 5.d5 Nb8 6.Bd3 d6 7.0-0 Nd7 8.c4 Be7
9.Nc3 Ne5 10.Be2 f5 11.f4 Nf7 12.Bd3 fxe4 13.Nxe4 Bf5 14.Kh1 Bxe4 15.Bxe4 Nf6 16.Bf3 0-0 17.g4 Nd7 18.Be3 b6 19.Be4 Nc5 20.Bc2 a5 21.Rf3 Nh8 22.Rh3 g6 23.g5 Qd7 24.Rh4 Rf5 25.Qg4 Raf8 26.Qh3 Bd8 27.a3 R8f7 28.b4 Nb7 29.Bd2 Qe8 30.Re1 Re7 31.Rxe7 Qxe7 32.Bxf5 gxf5 33.Qxf5 Ng6 34.Rh6 Nf8 35.Qd3 Qf7 36.f5 Be7 37.g6 hxg6 38.fxg6 Qg7 39.Qf5 Nd8 40.Rh3 Bf6 41.Bh6 Qe7 42.Re3 Be5 43.Bg5 Qe8 44.Bxd8 Nxg6 45.Bxc7 1-0
The opening was also called “the Irish gambit”. Hugh Myers gives as anecdote on this name in the “Myers Openings Bulletin” No. 4 of October 1993 that "The Irish Gambit" was the title of a comic story in a New York magazine of 1887. A player named Dennis O'Flaherty played it in his first game and he won. On his deathbed he was asked "to explain how he ever conceived this brilliant sacrifice”. He replied, "Why you old fool, I did not see that the Pawn was protected."
A third name of this opening is the “Te Kolste Gambit” refering to following game in December 1913 :
Te Kolste,J - NN ,the Netherlands, 1.e4 e5 2.Nf3 Nc6 3.Nxe5 Nxe5 4.d4 Ng6 5.Bc4 d6 6.0-0 Be7 7.f4 Bf6 8.e5 dxe5 9.fxe5 Nxe5 [9...Be7 10.Bxf7++-] 10.dxe5 Qxd1 11.Rxd1 Bxe5 12.Re1 f6 13.Bf4 Bd7 [13...Ne7 14.Bxe5 fxe5 15.Rxe5±] 14.Bxe5 fxe5 15.Rxe5+ Kd8 16.Nc3 Nf6 17.Rd1 c6 18.Be6 Kc7 19.Bxd7 Nxd7 20.Re7 Rad8 21.Ne4! ( intending Nc5 or Ng5 followed by Ne6 or Nf7 ) 21...b6 22.Ng5 1-0
I was browsing through the opening explorer when I found this gambit:
What is the goal that this gambit tries to achieve?
It looks very interesting for a gambit, but I still cannot see the advantage in playing it.
Any ideas?