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GAMBLING GLOSSARY

***A***

Action

The amount of money gambled (put into the pot) by a player

Active Player

A player still in the pot, one who is still in play

Aggregate Limit

Total payout liability of the casino during any one game

Aggregate Winnings

Total winnings

Alpo

Underdog, the player considered the least likely to win

Ante

A bet required to begin a hand in card games

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*B*

Baccarat

Punto Banco, table game using 6 or 8 decks of cards

Banker

The dealer In card games

Bankroll

Total gambling balance available for the player

Bet

Wager

Bet Spread

Ratio between the maximum and minimum bet size

Betting Limits

Minimum and maximum money a player can place on one bet

Bingo

Fill in 5 x 5 grid cards with BINGO drawn at random to win

Blind Bet

A bet posted without the player sees any of their cards

Bonus

Money you receive free for signing up to an online casino

Bankroll

Break-Even Point

When the players bets about equal the payoffs received

Buck

A $100 bet.

Bug

A joker.

Bump

To raise a bet.

Buy in, Buy-in

Converting cash into chips

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*C*

Card counting

Remembering the played cards to calculate the probability

Card sharp

An expert at cards

Casino advantage

The edge that the House (casino) has over the players

Chase

After lost a bet, make another bet & hope to make it back

Chemin De Fer

Similar to Baccarat but requires skill

Chips

Tokens used for casino gaming tables in place of cash

Coat-tail

Bet the same numbers as a player who is currently winning

Cold

Player on a losing streak

Comps

Free gifts given by casinos to attract players to gamble

Craps

Casino dice table-game

Credit

Bets expressed in credits,1 credit equals to 1 unit

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*D*

Deal

To give out cards to players during a card game

Deposit

Payment to play games for real cash

Dice

Two identical numbered cubes (die)

Die

Singular for dice, a cube numbered 1 to 6 on each side

Dime Bet

A $1,000 bet.

Dollar Bet

A $100 bet

Double Or Nothing

An even-money bet, wager that pays the exact amount bet

Down Card

A face down card.

Down to the Felt

Broke, totally out of money.

Drop

Money lost.

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*E*

Edge

Advantage over an opponent, or the house (casino) in a bet

Encryption

Security online casinos use for secure online transactions

Even Money Bet

1:1 odds pay back the same amount bet including original bet

Expected Win Rate

%age of total money bet a player is expected to win or lose

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*F*

Face Cards

The Jack, Queen, and King of any suit of cards

Firing

Betting a lot, or betting large sums

Fish

A player who loses money

Flat Bet

Bet the same amount is bet on each wager

Flea

An annoying player who wants something for nothing

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*G*

Get Down

To make a bet

Going Down

Losing a bet, or series of bets

Grinder

A player who bets small money

Gross Winnings

The total payout (including your stake)

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*H*

Hand

Player's cards, events in a card game between shuffles

Hedge

Bet the opposite of your original wager to reduce exposure

High Roller

A big bettor

Hold'em

A type of poker games

Holding Your Own

Breaking even, neither winning nor losing

Hot

Player on a winning streak, or a machine that's paying out

House

Casino.

House Edge

Casino advantage by paying less than odds 2 generate income

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*J*

Joker

The 53rd card in a card deck, used as a wild card

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*L*

Laying the Odds

High odds in favor of likely winner, winnings paid less than total bet

Layout

Markings on gaming table tell you where to place bets

Lobby

In online casino where you can pick a game, read news

Lock

An easy winner, a clear no-lose situation

Long Run

Cumulative effect on wins/losses after many rounds of play

Longshot

An underdog with almost no chance of winning

Loose

Generous payoff giving the house only a small advantage

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*M*

Match Play

Competitions in tournaments play games to accumulate points

Maximum Bet

The highest bet you are allowed to make

Mini-Baccarat

Baccarat played on a smaller table with fewer players

Money Put In Action

Total money of bets placed, not actual amount of bankroll

Multi-Player Casino

Online casinos that allow you play against other players

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*N*

Negative Expectation

Long-run loss, expect on average after a extensive play

Net Winnings

Total payout minus your stake

Non-negotiable Chips

Promotional casino chips that cannot be cashed in

Non-value Chip

Cash value determined by the amount of the buy-in

Number pool

Select from a number range the numbers you want to bet on

Nut

A fixed amount that a gambler decides to win in a day

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*O*

Odds

The chances of a player winning, usually in percentages

On tilt

Player's bad reaction to a bad hand resulting in wild play

Overlay

A good bet where the player has an edge over the casino

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*P*

Paint

A face card, Jack, Queen or King. Picture card

Pair

Any two cards with the same rank

Payoff

The payback, the winning return on a bet

Payoff Odds

How much a winning bet will pay off for each bet

Payout

The amount of money paid out as winnings to the player

Payout Percentage

The percentage of each dollar played won back by the player

Payout Table

Lists what each winning hand pays foe each amount bet

Pigeon

An uneducated, naive, or unsophisticated gambler

Player

A bettor or gambler

Point Count

Net value of card count at end of hand (in card counting)

Point Total

The total card value in a hand

Poker

Card game with betting in rounds and the ranking of hands

Press (Press a Bet)

Adding the winnings over the current bet to 'let it ride'

Probability

Calculation of the likelihood that of winning or losing monies gambled

Progression Betting

Betting system 4 games where bet-size is changed by formula

Punto Banco

Another name for Baccarat; Punto is Player & Banco is Bank

Push

A tie hand between dealer & player, where nobody wins

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*R*

Rack

Container to carry and count coins, tokens, & chips

Rank

The value of a hand or set of cards

Rated

Verdict a player's skill level above average/professional

RFB

Free room, food, & beverage for casino VIPs or high rollers

Rich Deck

Part of a deck with a lot of face cards and aces

RNG (Random Number Generator)

Computer generated chance that arbitrarily assigns outcome

Round of Play

Hand of play consists of at least 1 bet made during the game

Running Count

Remembering value of all the cards exposed since shuffling

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*S*

Sawbuck

Ten dollars

Scared Money

Money a player cannot afford to lose

Score

To win a large amount of money gambling

Session

A period of play or a table sitting at any gambling game

Shark

Good/shrewd player often posing as a fish early in the game

Sharker (Sharper, Cardsharp)

A cheater

Sharp

Astute gambler

Shill

Person in a game filling empty seats until more players join

Short Run

A short series of bets or casino game events

Shortstop

Players who make small bets

Shuffle Tracking

A high level blackjack playing strategy used by card counters

Shuffle Up

Shuffling by dealer before a game to harass a card counter

Shuffling (Card Shuffling)

Card mixing to prepare a deck or a shoe for continued play

Side Bet (Side Wager)

A bet on a specific team or player to win an event

Silver Mining (Slot Walking)

Looking for coins left in unattended slot machines

Single

A bet on one selection, also known as a straight-up bet

Skin (Skoon)

A dollar

Spinner

A winning streak

Spread Limit

Players bet any amount within fixed range for each round

Square

Unsophisticated player

Standoff

A game tie between one or more players, or with the house

Streak Betting Progressive Betting)

Raising or lowering a bet based on previous rounds

Stripping (Card Stripping)

Shuffling to reverse the sequential order of the deck

Stud Poker

Basic poker game with up cards and at least down card

Sucker Bet

A bet that overwhelmingly favors the casino

System

Player wants advantage, helps decide when to raise/lower

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*T*

Table Hold

Money casino wins from players at game during 1 work shift

Taking the Odds

Betting a lower amount than player will collect if they win

Tapping Out

Losing entire gambling bankroll & having to stop playing

Tell

Clue player accidentally gives about their hand/next action

Tell Play

Observing dealer body language to determine their hole card

Three-Card Monte

A three-card game similar to Bragg

Ticket

A card

Time

Player request to pause game while they decide what to do

Time Cut (Also, Axe or Collection)

Money casino charges player on a time basis

Toke

A cash/chip tip given to the dealer from the players

Tournament

Competitive game series, top winners awarded prize money

Trip

Three cards of the same rank

True Odds

Real odds of a win, lose, bet, including the casino's edge

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*U*

Underlay

A bad or unfavorable bet

Unit (Betting Units)

Smallest amount of money used for betting, one betting unit

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*V*

Variance

The amount winnings and losses fluctuate over time

Vig (Vigorish)

The casino edge, fee or commission taken by the house

VIP

A Very Important Person, big gambler or a high roller

VLT

Video Lottery Terminal

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*W*

Wager

A bet

Washing (Card Washing)

Shuffle cards face down, mix in a face-washing-like action

Web Wallet

Software for managing your online casino transactions

Whale

Player betting amounts in the thousands dollars per round

White meat

Profit

Wild card

Joker or other card that can be used to complete your hand

Wise Guy

A well-informed and successful player

Withdrawal

A request you make to take money from your casino account

Wong (Wonging, Wonger)

Card counting to improve a player's edge to place good bets

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