Betting Terminology Explained
- Horse Racing Betting Terminology Explained
- Sports Betting Terms Explained
- Football Betting Terminology Explained
- Betting Terms Explained Horse Racing
- Betting Terminology Explained - A-Z Anyone unfamiliar with placing wagers will soon realise there is a language to betting, a good grasp of which is needed when visiting a bookmakers’ website. Likewise if you’re on the bookmakers’ app, in a bookmaker’s shop or placing a bet at a live race or event you need to know the vocabulary in.
- The following is a glossary of poker terms used in the card game of poker.It supplements the glossary of card game terms.Besides the terms listed here, there are thousands of common and uncommon poker slang terms. This is not intended to be a formal dictionary; precise usage details and multiple closely related senses are omitted here in favor of concise treatment of.
Most gambling games are pretty simple, but the terms used to talk about them are not. There's an entire language filled with slang terms that gamblers know, which can be intimidating or confusing to new players.
But fear not… become a real pro by working down this page, or simply click on the letter you need to find the word that’s thrown you. Be prepared to get lucky!
- Action
The amount of money that a player bets across the whole playing session.
- Add-on
In poker, you can buy and use more chips during the game and these are known as add-ons.
- Aggregate Limit
The casino’s total payout liability during any one game.
- All-in (Going All-In)
The term in poker to bet all your chips. During a No Limit game, if another player bets more than what you have then you can use everything you have by going All-In and they will bring down their bet to match yours.
- All or Nothing
In Keno, a ticket that only wins if either all your selected numbers or none of your selected numbers are drawn.
- Ante
Usually in poker, this is the initial bet placed by each player before the cards are dealt. This ensures that there is always money to play and that every player has contributed.
- Arm
In Craps, this is the player thought to possess special skills throwing dice, giving them the power to alter the odds of the game.
Whether or not such players actually exist is up for debate but, to make sure the outcome is strictly random, dealers insist that the dice are thrown against the back wall of the table.
- Automat Club
Also known as Videomat Casino, Arcade Casino, and Slot Hall. Just as it sounds, it’s full of automatic games that don’t need a casino operator, e.g.: slot/video machines, electronic Derby horse racing, etc.
They’re usually 24/7, free to enter and lax on dress code so they offer a more casual experience.
- Baccarat
A simple, yet ever popular table game, particularly amongst high rollers. Players choose the hand they want play, either as 'player' or 'banker'.
- Bankroll
Money that a gambler has specifically set aside for gambling. A casual gambler is unlikely to need a dedicated bankroll, but it’s very important for professional gamblers.
It ensures they only gamble with money that they have set aside prior to the game.
- Beef
A dispute that arises between a player and the casino or bookmaker, usually over the outcome of a bet.
- Beginners’ Luck
Players who have just started often find themselves on a winning streak, and this is called ‘Beginner’s Luck’.
- Bet
A single instance of wagering money on a gambling game. Players may be able to make several bets in a single game.
- Betting Limits
Limits set by the casino on how much a player can bet on certain games. In most casinos, you’ll find both a minimum and maximum bet listed for each game.
- Black Book
The book containing the names of people too ‘undesirable’ to be let into the casinos of Nevada.
- Blackjack
A table game where players take on the dealer. To beat the dealer, players must score a hand of 21 points, or as close to, without going over.
THE winning hand, comprised of an ace and 10-point card, is called a Blackjack.
- Blinds
In Hold'em Poker, it’s a bet you’re forced to make.
- Bonus
An incentive given to players at online casinos for opening a new account and/or making a deposit. Most bonuses are matching bonuses, meaning that the size of the bonus depends on the size of the deposit being made.
- Burn Card
The card dealt face down at the start of a shoe in most table games, or any time new community cards are revealed in a game of poker. It helps protect the integrity of the game in case any of the players see the top card.
- Buy in
The cash used to buy chips before joining a table game.
Betting terms explained. Action: A bet or wager on an event: Agent: A go-between of the player and the bookmaker. ATS: Short for Against The Spread. Back Door: When a team comes back to cover the spread when it seemed unlikely: Bad Beat: When you lsoe a wager that you thought you had won: Bank Roll. Betting odds allow you to calculate how much money you will win if you make a bet. Let’s use the same examples as before, with the same replacement of numbers for letters, i.e. 4/1 becomes A/B. Quite simply, for every value of B that you bet, you will win A, plus the return of your stake. There are many unique terms associated with sports wagering. Bookmark our glossary of betting terms and use it as a reference if you come across an unfamiliar word or phrase while placing bets.
- Call
In poker, this is the bet to match the current one.
- Card Counting
A way of outdoing the dealer and the game in Blackjack. It’s a form of cheating, whereby you remember the cards that have been played so as to make an informed guess on the remaining cards and cheat the game.
- Carpet Joint
Slang used in the US for luxury and high-end casinos. Opposite of Sawdust Joint.
- Casino Advantage
The mathematical edge the casino has over the players. See 'House Edge' for more details.
- Chase
Where money has been lost in gambling, the bet placed to try and retrieve it is known as the chase.
- Cold
The way to describe a slot machine that isn’t paying out or a player who keeps losing. Opposite to 'hot'.
- Chips
Tokens used to represent money and make bets during most gambling games. Like paper money and coins, chips come in many different denominations.
- Comps
Incentives used by casinos to lure in players in the form of gifts such as free hotel rooms, food, and drink.
- Craps
A table game played with dice in which a shooter attempts to roll certain numbers. Because it offers so many bets to choose from, various players may be rooting for different results during the game.
- D'Alembert System
A staking plan that works by adding a unit for every losing bet, and deducting one for every winning bet.
- Dealer
The casino employee who deals cards to players and controls the flow of the game. Dealers are used in many common games, like Poker, Blackjack, and Baccarat.
- Deuce
Slang for a two, either in terms of cards (e.g. in the video poker game Deuces Wild) or dice.
- Discard Tray
The tray to the dealer’s right hand that catches used cards that have been played or discarded.
- Dolly
Unlike French Roulette. where the dealer simply uses a stick to point to the winning number, in American Roulette there’s a special marker made from wood or plastic that the dealer places on the table, over the winning number.
It got its name from its doll shaped outline.
- Double Down
A bet of equal size to an initial bet, such as in Blackjack. In most cases, both bets will now either win or lose together.
- Drop Box
The box in the middle of the game table where chips used as bets are placed.
- eCOGRA
The acronym for e-Commerce Online Gaming Regulation and Assurance.
They write all the online casino regulation making sure the industry stays safe and honest for players. It’s a way of knowing whether or not you can trust an online casino.
If you see the logo on a site’s homepage you know it’s been approved and is committed to ensuring its games are fair, their players protected, and that responsible conduct is expected by all.
- En Prison
Similar to a bonus in some casinos, it’s the stake that stays on the Roulette table for another spin following an Even Money Bet where the outcome was zero or double zero.
- Even Money Bet
A bet where the odds are 1:1, meaning you’re paid back whatever amount you bet plus the same again.
- Expected Value
The average return on a given bet that a player can expect to see over the long run. Depending on how profitable (or not) the bet is, the expected value can be either positive or negative.
- Face Card
Also known as paint. Slang term for any playing card with a 'face' on it – kings, queens, and jacks.
- Ficheur
The device used in American Roulette to separate the different colored chips.
- Fill
Also known as full house, straight flush. In poker, this term refers to the fifth card drawn that makes a full hand.
- Finale Schnaps
The command to a dealer for placing bets on numbers 11, 22, 33 In French Roulette.
- Fish
The sad player who’s losing all their money. Can’t spot ‘em at your table? It’s probably you!
- Fixed Odds
The chances of winning and payouts are fixed ahead of time, e.g scratch card games, online casino favorite simulated horse games.
Broadly speaking it applies to most table games and slot machines, but tends to be used for “specialty” games only. Games like poker and sports betting don’t have fixed odds since the odds and probability are unknown.
- Flat Betting
When a player consistently bets the same amount of money.
- Flea
A sponger. The guy that expects everything for nothing, like comps for placing small bets.
- Gambling
Betting on an event with an uncertain outcome.
- George
The big tipper. Every dealer’s favorite gambler.
- Hit
Taking an additional card, such as in Blackjack.
- High Roller
A term used by casinos for a gambler who spends a lot. It varies from casino to casino as to who and what exactly qualify for this title.
- Hold
The percentage of money bet by a gambler that the casino expects to keep at the end of a session or day. It depends a lot on how much time players spend playing certain games.
While it’s irrelevant for the players (they care more about the house edge on each bet) it helps the casino identify which games are their most profitable.
- Hole Card(s)
Cards that remain face down so that nobody can see them. The dealer has a hole card in Blackjack.
In Poker, individual players may have hole cards that they can look at, but which remain hidden to other players.
- House Edge
Usually expressed as a percentage of each bet made, it indicates the advantage the casino has over the player. If, for example, the house edge is 2%, over the long run players can expect to lose 2% of what they bet.
- Hot
A player who’s getting win after win, or a slot machine that’s dishing out. Opposite of 'cold'.
- Inside Bets
A bet in Roulette made on the inside numbers of the table.
- Irregular Playing Patterns
A kind of “bonus abuse” that exists in online casinos where players will do the bare minimum to claim their bonus prizes, in a bid to lose as little of their own money.
- Jackpot
The largest prize available on a slot machine or other games. Typically it’s only used for special prizes, such as a progressive prize or one associated with a side bet.
- Junket
A type of trip offered to VIP players by casinos. Often they will cover the flights and hotel of the guests and in exchange the players put down a deposit of $5000 and commit to play a certain number of hours in the casino.
- Kalooki
Also known as Jamaican Rummy, it follows the same idea as Rummy, matching sets of cards. Played with wild cards most of the time.
- Keno
A game similar to a lottery. Players choose numbers before a drawing and hope to match them to the numbers drawn by the casino.
- Kicker
In a draw Poker tournament, it’s the high card in a hand that doesn’t make up the fill, usually in the form of an Ace or King card.
- Ladderman
The casino employee in charge of overseeing the game of Baccarat, seated in a chair above the table.
- Layout
The cloth over the gaming table covered in markings indicating where to place your bets.
- Low Poker
Also called Lowball. The game of poker where the aim is sort of in reverse. The winner is the player with the lowest poker-value hand.
- Martingale
Originating in France, it’s a betting system that involves the gambler doubling the bet after each loss.
- Maximum Bet
The most that a casino will allow you to wager in a game. This can apply to a single bet, the total of all bets, or the rules in a game of poker that limit how much a player is allowed to bet or raise on a particular round.
- Megalats Jackpot
Also known as Minilats Jackpot. A system whereby different slot machines are wired up together and, if with your one token you get a jackpot, you may also win the accumulative winnings of all the other slot machines wired to the same network.
- Minimum Bet
As with Maximum Bet, but the least that a casino will allow you to wager in a game.
- Natural
A two-card hand of a certain figure – eight or nine in Baccarat, and 21 points in Blackjack.
- Negative Expectation
The loss you can expect to see over the long-run of playing a particular game multiple times.
- Non-negotiable Chips
Promo chips dished out by the casino that can only be placed in bets and not cashed in.
- Non-value Chip
A gaming chip with no value written upon it. The value instead is worked out by the amount of buy-in divided by the number of chips.
- Number Pool
The pool, or range, of numbers from which you can pick in a game where they will be drawn.
The number pools vary from game to game, e.g. in Keno it’s 1-80, lotteries tend to be 1-60, Bingo is either 1-75 or 1-90.
- Nut
Two meanings: the first is a set figure a gambler decides as their winning target for the day, the second is the casino’s overheads.
- Odds
The casino’s set ratio of the player’s chance of winning. This will determine how much money the gambler will receive against their bet, should they win.
- Open
The first player to place a bet in Poker.
- Optimal Strategy
Applicable to any game that involves the player making strategic decisions, and where the range of possible results can be calculated mathematically.
It’s the set of plays in a game that will get the player their best returns. It’s commonly used in Blackjack and Video Poker (where you’ll find charts detailing optimal strategy).
- Outside Bets
Bets in Roulette placed on the numbers located on the outside of the table, involving 12 or 18 numbers being bet with one chip.
- Overlay
A strong bet that means the player has an edge over the casino.
Horse Racing Betting Terminology Explained
- Paroli
A type of betting system which, as you win, increases the bet. In French Roulette, this is an order that tells the croupier to use the bet to press the win.
- Pay Table
The casino's list of payouts for various results in a given game. Casinos can alter the odds in a lot of common casino games by changing the payouts they give players.
NB: before choosing a game to play, make sure you examine the pay table!
- Pit
The area of a casino where you’ll find the tables manned by dealers.
- Pit Boss
The casino employee with slightly elevated status, responsible for supervising multiple tables.
- Pigeon
The newbie of the gambling world, or a gambler who lacks sophistication and finesse.
- Progressive Prize
The prize from a slot machine that increases progressively with every coin that is played into it.
- Push
A bet that results in a tie. The player receives their money back without neither a win nor a loss.
- Quads
In poker, having a number in all four suits.
- Random Number Generator (RNG)
A device used to produce a random, unpredictable string of numbers, which requires a multi-stage process to ensure it really is random.
Algorithms from the device (almost impossible to predict but not totally random) combine with outside factors, such as air temperature, air pressure, and mouse movements on a site (totally unpredictable).
RNGs have many purposes, but in the gambling world are particularly helpful for predicting the results of online gambling results where dice are rolled, cards dealt etc.
- River
The fifth and last card the dealer will deal to you in a game of Poker (Stud or Hold’em). If you hang in ‘til this last round in Seven-card Stud you’re “going to the river”.
- Roulette
A game played using a wheel with a ball that can fall into one of many numbered pockets. The players may make a variety of bets that predict which pocket (or group of pockets) the ball will fall into.
There are two main variations of this game: American Roulette (with two zeroes on the wheel) and European Roulette (with just a single zero), with the European version having better odds for the player.
- Royal Flush
Also known as a Royal Straight Flush or a Royal. The money-winning hand in a game of Poker. An Ace, King, Queen, Jack, or Ten card from each suit.
Sports Betting Terms Explained
- Sawdust Joint
American slang to describe a rough and ready casino. Opposite of a 'Carpet Joint'.
- Shark
A clever player that tricks their opponents by pretending to be the fish at the start of the game then striking when everyone’s guard is down.
- Shiner
A small mirror that cheats use to try and steal a glance at their opponents’ cards.
- Shoe
A device that can hold several decks’ worth of playing cards. Shoes are used in games like Blackjack to hold the collection of cards from which the game is dealt.
- Slot Machine
A game in which players spin reels in order to match combinations of symbols across pre-determined paylines.
Older-style slot machines used mechanical or electronic reels while modern slots use video displays to simulate the reels.
- Snake Eyes
In Craps, when the dice land on a two. So called because the dice look snakey this way up, and if you just rolled it, it’s bad news.
- Stand
To sit on the hand one currently has without taking more cards. Most often associated with Blackjack, but also used in other games like Baccarat.
Football Betting Terminology Explained
- Tapping Out
Losing the entirety of your bankroll and having to throw in the towel and go home.
- Toke
Nickname for a token which is similar to the chips used for bets. Tokes are what players use when tipping the dealer, and George hands them out in abundance.
- True Odds
When a casino lists its “odds” they’re not usually the true chances of whether or not a thing will happen. True odds are and include the house edge.
- Underlay
A bet you don’t want to be behind as it’s bad and sure not to win. More money than it’s worth due to the improbability of the event in question occurring.
- Video Poker
A machine game that simulates the action of five-card poker games. Players choose to discard and replace cards from their starting hand and if they make the minimum hand needed to win, are then paid.
Common video poker games include Jacks or Better and Deuces Wild.
- Vigorish
Also known as the vig, the take, or the juice, it’s the amount the bookmaker charges the gambler for making a bet.
Betting Terms Explained Horse Racing
- Wagering Requirement
The amount of money a player must bet before claiming their bonus funds on online casinos. This ensures that players cannot just claim a bonus and immediately cash out.
- Washing
When walking away from a table the dealer/croupier will mime the movement of washing their hands to illustrate that they are walking away with nothing.
- Whale
An extremely high roller who will significantly affect a casino’s business. Some might see this as a derogatory term since these are players from which a casino can hugely profit.
- Wild Card
Common in Poker and Video Poker, this is the card that can substitute for any card value.
- Wong
Also known as Wonging, a Wonger, after Stanford Wong who counted cards at a certain Blackjack table to ascertain if the player was on the winning foot, and then join the table to play.
The meaning has also evolved so that it encompasses games that are to the players’ advantage.