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Betting Limits: set by the casino, the minimum and maximum monies that players can bet. Bug : slang for the Joker card. Buy-in: monies converted to casino chips before playing casino games. Cage: refers to the location of the friendly casino cashiers. Capping : cheating at the tables by placing additional chips on top of the original bet once the game round has begun. Card Sharp: expert card player, found at the money games like poker, blackjack and baccarat.
Carpet Joints : casino terms referring to 5 star luxury casinos. May you visit often. Casino: origin of the word refers to a public music and dance hall. Casino Advantage: casino or house edge when playing the games, usually reported as a percentage. Example: the casino advantage for double-zero roulette is 5.
Chase: after losing, casino players will attempt to get back monies with additional bets. Cheques: the historical, correct term used in reference to playing chips. Chips : round discs with designated currency denominations and colors that are played instead of real money. Obvious tip here--they are real money! Chip Tray: holds the chips stock placed nearby the dealer—another case of real money.
Cold: term for a player, craps table or slot machine that is no longer on a winning streak. Coloring Up: when you take those five-dollar chips and exchange for larger denominations, possibly hundred-dollar chips, then you are coloring-up.
Comp: as in freebie or points, these are the dining, beverage, hotel rooms and benefits received by casino players based on their wagering and time played. See listing of US Mega club cards for several properties under letter U in this casino terms glossary. Cracking the Nut: casino lingo for a net profit after all gambling expenses deducted. Credits : 1 credit is equal to 1 cash unit. Crossfire: the dealers chatting it up about everything else but the live game in front of them.
Croupier : it is French, mon ami, for the dealer of the gaming table. Dirty Money: the losing bets gathered by the dealer. Game examples are Baccarat, Blackjack and Poker. Double or Nothing: wager that pays out the original bet or even-money. Down to the Felt : busted or broke in casino terms.
Drop: amount of monies lost by players or casinos. Drop Box: located at a gaming table, it holds all cash, markers and chips. Edge: advantage over the casino or other player. Eighty-Six or you are outta there, man. Eye in the Sky : watches the action as the casino staff surveys the floor.
Face Cards : casino jargon for kings, queens or jacks. Firing: casino lingo for betting large amounts at money games. Fish: losing player. Flat Betting: a method of betting wherein the player bets the same amount each time, neither raising nor lowering. Not known as a wise strategy. Flea: irritating player who has high expectations for casino comps and benefits while not deserved. Foreign: these are cheques from another casino. Grind: this term is used for playing it out on a consistent basis at the tables.
Handicapper: player who does the research beforehand to make knowledgeable bets. This data includes statistics, news, weather and injuries at sportsbetting. Handle : total amount of money bet at money games. Handicap horse racing A race in which the horses are penalised by adding to the weight they must carry or given allowances based on their past performance in an attempt to equalise their chances of winning.
A horse that has been winning recently will have to carry additional weight in future races. Handicap sports It is the penalty in points or goals or frames etc that are added in order to give the underdog a better chance. Effectively it is a head start. For example if there is a football match; Arsenal vs Sunderland the bookmaker will allow the punters to bet on Arsenal If Arsenal won by 1 goal or drew or lost then Sunderland would be deemed to be the winner of this market.
It is an extremely popular bet in markets that are particularly one-sided, such as New Zealand vs Italy in rugby union. Handle The amount of money taken by the bookmaker. Handle is an American term for turnover. For example: Basketball game total points market having 2 options — Over If there are or less points then the under If there are or more points scored then the over Hang Cheng A form of football betting that is popular in Asia.
Returns on a team winning are determined by half-goal handicaps. Hedging A bookmaker may choose to hedge their potential losses by betting on certain outcomes themselves; for example if a punter has a 10 leg accumulator and the first 9 legs have been a success the bookmaker, facing a potential large payout, may choose to offset part of the risk by betting on the 10 th leg outcome with another bookmaker or betting exchange.
Punters using a betting exchange will be familiar with Hedging or Laying whereby they can take a guaranteed profit by offering some of their original bet to another punter at reduced odds. Juice The commission taken by the bookmaker.
It is a seldom used term outside of America. Maiden In betting circle refers to a horse that has yet to win a race. When the horse wins its first race that is referred to as their maiden victory. Nap The best bet. Often a tipster will have several recommendations of what to bet on in a given period but they will use the term nap to refer to the one that they think is the best bet of all.
Odds The prices offered to the punter on the participants in a race or event. Odds Against When a selection has odds of higher than evens then it is said to be odds against i. Odds On When a selection has odds of less than evens then it is said to be odds on i. Outsider A participant that is given little chance of winning.
Another term for underdog. Overlay When the odds are higher than they ought to be i. Overround The extent to which the odds expressed as percentage probabilities, for all the participants in a field, add up to more than per cent. The excess over per cent — the overround — provides the bookmaker with his expected earnings. Placepot A daily tote pool bet. The punter must name a horse to placed in each of the first six races on a nominated card.
Proposition Bet A bet on a non-sport event. It may be on a non-sport aspect related to a sporting event. For example: betting on how many times Didier Drogba will feign injury in a match. Push If a bet is placed on a full point line handicap and one cannot bet on the draw then, in the event of a handicap tie, the original stakes are refunded. A push tends to apply to betting on American sports. Sell A reference to spread betting whereby you gamble that an index based on the possible outcomes of an event will finish below the lower limit of the spread.
Stake The amount of money that a punter bets on an outcome is referred to as the stake. Starting Price The odds of the horse or dog at the time the race goes off. Steam An influx of a lot of money on 1 side or selection causing the betting lines to move quickly.
Steamer A participant usually horse which originally had high odds but on which there have been a number of bets causing the odds to fall dramatically. Teaser US term for a bet based on the point spread where the punter can adjust the line in his favour in return of reduced odds. Tipsters These are people who consider themselves experts on selecting value bets in their chosen category.
They offer advice on how to make a profit. Tote The Horserace Totalisator Board Tote enters all bets into separate pools and deducts operating costs and profit sharing what remains of each pool among those who picked the winners or winning combinations.
Bets on Tote pools can be placed on course or by telephone to Tote directly. Some bookmakers are licensed to take Tote bets.
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