Loses for black?
Yes. The line with Qe7 followed by Bf4 from White and then Qb4+ loses for Black, by force.
In over the board games there is no one to consult with, there is no game data base, no opening and endgame books to refer to; you are on your own and only your chess knowledge and calculating ability will help you. Masters have lost to the so call lost game Englund Gambit, its a good surprise weapon for the talented tactician who needs to win a chess game.
If you like forcing through e5, play 1... Nc6 or the Tango both are imho stronger openings than both your choices