Casino Dictionary

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Casino dictionary: 1
Roughie:
An unlikely wager to pay off.

Casino dictionary: 2
Side/Straight Bet:
This is by far the most common forms of sports betting:
The bettor picks which team will win the game. Mainly used for football, basketball, or hockey there is usually a point spread as part of the bet. If the favorite is chosen then the points are subtracted from the final score and if the underdog is chosen the points are added to the final score.

Casino dictionary: 3
Sportsbook:
All the bets taken on a fixed odds betting event.

Casino dictionary: 4
Stake:
The amount of money that is wagered.

Casino dictionary: 5
Straight Out:
Betting on a competitor that you think is going to win. DAMIT! Also called 'straight out' or 'money line' betting.

Casino dictionary: 6
Teaser:
A teaser, like a parlay, involves multiple propositions.

Casino dictionary: 7
The Spread:
Bookies and others need a way of making even bets possible. They assign a point advantage to a weaker team that is expected to lose by a certain number of points. If you bet on the stronger team, they need to win by more than the point advantage
(covering the spread) in order for you to win.

Casino dictionary: 8
Tips:
Advice from someone on an event. These guys are also called tipsters. My uncle Max is a tipster...

Casino dictionary: 9
Total or over/under wager:
A total wager is a wager on the points scored in the game (both teams).

Casino dictionary: 10
Treble:(also called a triple)
Select the teams or players you think will win three separate specified events.

Casino dictionary: 11
Win Only:
Betting on a competitor that you think is going to win. DAMIT! Also called 'straight out' or 'money line' betting.

Casino dictionary: 12
Payoff odds for side/straight bets:
For football, basketball, and hockey the payoff is understood to be $100 for every $110 wagered. This is not good.

Casino dictionary: 13
Payoff odds for totals or over/under bets:
For football and basketball the payoff is $100 for every $110 wagered, unless otherwise noted.

Casino dictionary: 14
Payoff odds for parlay wagers:
Internet bookies parlay payoffs are as follows:

Select the teams or players you believe will win two separate specified events or two parts of the same event, e.g.: Winners of a rugby and league game, or the half and full time leaders in the same game. All bets are placed prior to the first event.

Casino dictionary: 15
Even Money: You will win twice your wager.

Casino dictionary: 16
Favorite:
The competitor seen as having the best chances of winning.

Casino dictionary: 17
Field:
All the individual competitors in an event.

Casino dictionary: 18
Fixed Odds:
Your payout is fixed at the odds when you placed your bet.

Casino dictionary: 19
Futures:
Fixed Odds betting which is taken well before the event.

Casino dictionary: 20
Head to Head:
Select the team, or player, you believe will win the game or an event.

Casino dictionary: 21
In the Red:
The odds when you will win less than twice your wager. Also called being in the red. Not so good.

Casino dictionary: 22
Juice:
This is slang. It is the cut you have to pay if you bet agianst the spread. Not a wise move here.

Casino dictionary: 23
Line Betting:
Betting is a handicap system designed to make an event a more even betting proposition. Also called LINE BETTING.

Casino dictionary: 24
Long Odds:
A long shot. Usually odds >10:1

Casino dictionary: 25
Long Shot:
A competitor at long odds not getting as high a chance of winning relative to other competitors.

Casino dictionary: 26
Margin:
The amount of points a competitor finishes in front of another competitor.

Casino dictionary: 27
Money line bet:
The difference between a pointspread bet and a moneyline bet is that there are no points involved. Instead, money odds are wagered on the favorite or underdog.

Casino dictionary: 28
Multiples:
This involves picking the winners of more than one event. A single wager amount is placed on more than one outcome, whereby the stake and winnings of the first selection will be carried over onto the second selection and so forth.

Casino dictionary: 29
Odds:
Chances of winning expressed in dollars.

Casino dictionary: 30
Odds Against:
The odds when you will win more than twice your wager.

Casino dictionary: 31
Odds Assessor:
Any person who is issued a State license to accept bets. Many bookies are not legal.

Casino dictionary: 32
Odds-On:
The odds when you will win less than twice your wager. Also called being in the red. Not so good.

Casino dictionary: 33
Parlay:
A parlay bet is one single wager involving multiple propositions. The bettor must choose the winner of each proposition in order to win the parlay.

Casino dictionary: 34
Placegetter:
Usually the competitors finishing first, second and third.

Casino dictionary: 35
Points Start:
Betting is a handicap system designed to make an event a more even betting proposition. Also called LINE BETTING.

Casino dictionary: 36
Propostion/future bet:
A proposition bet is a bet offered with conditions and odds determined by the bookie or others. This is usually complicated with all kinds of stipulations. Stay away from it.

Casino dictionary: 37
Return:
Your total winnings on a bet.

Casino dictionary: 38
Roughie:
A long shot to win. Not likely either. ...but sometimes if you have a good tip...

Casino dictionary: 39
Side/Straight Bet:
This is one of the most common forms of sports betting:
The bettor picks which team will win the game. It is used mainly in football, basketball, or hockey. There will usaully be a point spread as part of the bet.

Casino dictionary: 40
Sportsbook:
All the bets taken on a fixed odds betting event.

Casino dictionary: 41
Stake:
The amount of the wager.

Casino dictionary: 42
Straight Out:
Betting on a competitor you think is really strong to win. Also called 'straight out' or 'money line' betting.

Casino dictionary: 43
Teaser:
A teaser, like a parlay, involves many propositions. When betting on a teaser additional points are either added to the underdog or subtracted from the favorite.

Casino dictionary: 44
The Spread:
Bookies and others need a way of making even bets possible, so they assign a point advantage to a weaker team that is likely to lose by a certain number of points. If you bet on the stronger team, they need to win by more than the point advantage
(covering the spread) in order for you to win.

Casino dictionary: 45
Tips:
Advice from someone about a wager on an event. Beware of the tipsters...

Casino dictionary: 46
Total or over/under wager:
A total wager is a bet on the total points scored in the game by both teams.

Casino dictionary: 47
Treble:
Pick the teams or players you believe will win three separate specified events.

Casino dictionary: 48
Win Only:
Betting on a competitor you think is really strong to win. Also called 'straight out' or 'money line' betting.

Casino dictionary: 49
Payoff odds for side/straight bets:
For football, basketball, and hockey the payoff is $100 for every $110 wagered. This is a sucker bet.

Casino dictionary: 50
Payoff odds for totals or over/under bets:
Used mainly for football and basketball. The payoff is $100 for every $110 wagered. Not a good choice at all.

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