Re:

Bad carb?
You can buy a compression tester at any automotive store. Although, what you are describing sounds like a fuel problem to me, if the sparks are wet there is a good chance that the cylinder is not firing and getting flooded with fuel. I had a similar problem with my cylinder #3 not firing and that spark was always wet, it was a carb problem that I resolved.
The best thing to do before spending any money is to perform a proper compression check. At least then you will know where you stand. Good luck.