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Casino terminology: 1
All-in: Basically are no refunds for scratched or withdrawn players or teams in an event where a bet is wagered. If the event is cancelled only then will the wager will be refunded.
Casino terminology: 2
All up: Pick the winners of several games. A single wager is placed on more than one outcome, and then the stake and winnings
of the first selection will be carried over to the second selection and so forth.
Casino terminology: 3
Book: All the bets taken on a fixed odds betting event.
Casino terminology: 4
Bookmaker (Bookie): Any person who is issued a State license to accept bets. Many bookies are not legal.
Casino terminology: 5
Dividend: How much is paid out on a wager.
Casino terminology: 6
Draw: Players finish evenly. Check this rule as it applies differently in some gaming.
Casino terminology: 7
Double: Choosing two events or two parts of the team that will win two separate events or games.
Casino terminology: 8
Even Money: Payout odds when you will double your stakes.
Casino terminology: 9
Favorite: The competitor perceived as most likely to win.
Casino terminology: 10
Field: All the individual players in any event.
Casino terminology: 11
Fixed Odds: Your payout is fixed at the odds when you placed your bet no matter what the outcome is.
Casino terminology: 12
Futures: Fixed Odds betting which is taken long before the event.
Casino terminology: 13
Head to Head: Selecting the team, or player, you believe has the best chance of winning.
Casino terminology: 14
In the Red: The odds when you will win less than twice your wager. Also called odds being "in the red".
Casino terminology: 15
Juice: This is a slang. It is the cut that you must pay if you bet against the spread. It's not good to do this at all.
Casino terminology: 16
Line Betting: Betting is a handicap system designed to make an event a more even betting proposition. Also called LINE BETTING.
Casino terminology: 17
Long Odds: Basically > 10:1 odds.
Casino terminology: 18
Long Shot: An unlikely wager to pay off.
Casino terminology: 19
Margin: The difference in amounts between two competitors.
Casino terminology: 20
Money line bet: The difference between a pointspread bet and a moneyline bet is that there are no points involved. Instead, money odds are bet on the favorite or underdog.
Casino terminology: 21
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 terminology: 22
Odds: Chances of winning in dollars.
Casino terminology: 23
Odds Against: The odds when you will win more than twice your wager.
Casino terminology: 24
Odds Assessor: Bookmaker (Bookie): Any person who is issued a State license to accept bets. Many bookies are not legal.
Casino terminology: 25
Odds-On: The odds when you will win less than twice your wager. Also called odds being "in the red".
Casino terminology: 26
Parlay: A parlay bet is a single wager involving many propositions. The bettor must choose the winner of each proposition in order to win the parlay.
Casino terminology: 27
Placegetter: Usually means the competitors finishing first, second and third in an event. In some events the number of places paid may vary.
Casino terminology: 28
Points Start: Betting is a handicap system designed to make an event a more even betting proposition. Also called LINE BETTING.
Casino terminology: 29
Proposition/future bet: A proposition bet is a bet with conditions and odds determined by the bookie. It is usually complicated and not worth it.
Casino terminology: 30
Return: Total winnings from a wager.
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