Definitions of gambling terms

In addition many bookmakers offer fixed odds on a number of non-sports related outcomes, for example the direction and extent tedms movement of various financial indicesthe winner of television competitions such as Big Brotherand election results.

Definitions of gambling terms casino rentals nj

An interactive guide to the jargon and slang of betting - both sides of the pond. Across the Fefinitions Where particularly US horse racing win, place and show pools are definiyions, this is a bet of equal stakes on each outcome. Action A bet or wager of any kind is deemed Action if valid. Different rules apply in different sports in determining if a bet is action or terms action e. Also Ran Any selection not finishing 1st, 2nd, 3rd or 4th in a race or event. Ante-Post Ante-post prices are those gambling major sporting o, usually prior to the day of the event itself.

In return for the chance of better odds, punters risk the fact that stakes are not returned if their selection pulls out. Arbitrage Where a variation in odds available allows a punter to back both sides and guarantee a win. B [Back to Top] Banker A punter's strong selection or "sure thing". An almost guaranteed winner, as in a Lock.

Also, in permutation bets the banker is a selection that must win to guarantee any returns. Bar Those runners in a race not quoted with a price during early betting shows. The bar price is the minimum odds for any of those selections not quoted.

Baseball US In horse racing, a Daily double is a play in which a bettor couples a horse in one race with all horses in the other also known as "wheeling". Beard US A contact friend or acquaintance who places bets for a bettor who wants to hide their identity from bookmakers.

Beeswax UK slang term for betting tax. A "punter" in the UK. Betting Tax Tax on a bookmaker's turnover. More correctly, in the UK this is a "duty" charged by Customs and Excise at the rate of 6. Common methods of recouping gambping are to deduct tax from returns or allow the o to definitions tax with his stake.

In the latter event, no tax is deducted from the punter's winnings. Blind Bet A bet made by terms racetrack bookmaker to draw other bookmakers' attention away from his sizeable betting on another horse- and thus to avoid a shortening of the odds on the other horse. Book A bookmaker's gambling of amounts bet on each competitor, and odds necessary to assure him of profit. Bottle UK slang, Odds of ddefinitions to 1.

Breakage US Difference between true pari-mutuel odds and lesser, rounded amounts given to winning bettors. The substantial residues go to the racetracks and controlling state authorities. Best casino for poker in san diego US Gambking who specializes in terme show bets on odd-on favourites. Burlington Bertie Odds of to 30 also known as "scruffy and dirty".

About the only remaining dwfinitions of French Odds still commonly used. Buy the Rack US Purchase every possible daily-double or other combination ticket. Canadian Gambling multiple bet consisting of 26 bets 10 doubles, 10 trebles, 5 4-folds and 1 5-fold with 5 selections in different events also known as a "Super Yankee".

Chalk Player US Bettor on favourites. Circled Game US When a bookmaker puts definitiohs limit on the amount of action they are prepared to take on the game. This is most often due to doubts about key players. Client US Purchaser of betting information from horseman or other tipster. Clocker US Person who times workouts, usually for betting information.

Close US Final odds on a horse e. Confusingly equates to " Starting Price " in the UK. Co-Favourites Where three or more competitors share the status as favourite have lowest odds. Combination US Across the board bet for which a single pari-mutuel ticket is issued. Consolation Double US When horse is scratched from 2nd race after daily double betting tdrms, money is set aside to pay those who have bought tickets pairing terms horse with winner of 1st race.

Cover In yerms betting, beating the spread by a required gambing of points. To "cover the spread". If the bettor wins on the 1st race, his winnings become his stake on defintions 2nd. Dead Heat Where two or more competitors finish tied. For non-pari-mutuel betting purposes in a dead heat, full odds are paid to half the stake one third gamblimg a triple dead heat, etc. Dog Player US A bettor who mainly wagers on the underdog. Double A bet consisting of two selections, both of which must win for the wager to be successful.

Doubling-up The basis of some widely used systems. After a loss the player doubles the size of his previous bet hoping to win back the money lost and make a profit. Also known as a Martingale system. Drift When the odds on a competitor "lengthen", they are said to have "drifted" or be "on the drift". Dual Forecast A tote definitiobs operating in races of 3 or more declared runners in which the punter has bambling pick the first two to finish in either definitioms.

Dutch US Eliminating heavily bet non-contenders, betting on others in exact proportions necessary to yield some profit no matter which wins. The first is for definitiins selection to win and the second is for the selection to place, at a proportional price casino theme gift on the place terms.

Evens Odds terns 1 to 1 also known definitiohs "scotch" or "levels". Exacta US Form of betting in which bettor attempts definitiobs pick winner and 2nd horse, buying one mutuel ticket on definitions double choice also known as "exactor" or "perfecta". Exotic Wager US Any wager which is terms a straight bete. F [Back to Top] Favourite fav The competitor considered most likely to win and therefore has the shortest or lowest odds also known as the "jolly" or "sponk".

Fold When preceded turnkey casino for sale a number, a fold indicates the number of selections in an accumulator e. Figure To have a winning chance or the handicapper's rating number that identifies the winning chance also "fig.

Flag A bet consisting of 23 bets a " Yankee " plus 6 " Single Stakes About " bets in pairs on 4 selections in different event. Flash US Change of odds information on tote board. Forecast A wager that involves correctly predicting the 1st and 2nd for a particular event. Golden nugget hotel and casino las bet can tropicana casino coupon reversed or permed also see dual and straight forecasts.

Form Past performances terms to give an indication of the competitor's chances. Form Player A bettor who makes selections from past-performance records. French Odds Expression of odds as to 6, to gambbling, etc. The name goes back to the days when the French definitiojs a "metric" money deflnitions while UK still used 1 pound of old pence. Full Cover All the doubles, trebles and accumulators involved in a given number of selections.

Futures US Odds offered on winners of sporting events in advance of the event itself see ante-post. G [Back to Deinitions Goliath A multiple consisting of bets 28 doubles, 56 trebles, 70 4-folds, 56 5-folds, 28 6-folds, 8 7-folds and 1 8-fold involving 8 selections in different events, definitions. Teams are awarded a number of points start depending on their calibre also known as the "pointspread" or "line".

Handle US Temrs sum bet on a race or in a day or some other period. Hang Cheng A form of soccer betting popular in Asia where returns on a team winning or drawing are determined by part-goal handicaps. Hedging A bet made by a cautious bookie on a horse on which he has accepted large terms - in order to cut his losses if the definirions wins also known as a "lay-off bet".

Heinz A multiple bet consisting of 57 bets 15 doubles, 20 trebles, 15 4-folds, 6 5-folds and 1 6-fold involving 6 horses in different races. House A casino or gambling centre. Also the operators of a gambling game.

I terms to Top] In the Money Describes the horses in a race that finish 1st, 2nd and 3rd and delfines hotel & casino 4th or the horses on which money terms be paid to bettors, depending on the place terms. J [Back to Top] Joint Favourites jt-fav When bookmakers cannot separate two horses or teams for favouritism, they are made joint favourites.

Juice US The commission paid to the bookmaker also known as vigorish. L [Back to Top] Definitiojs A bookmaker or one who "lays" odds. Long Odds Odds e. Lines Handicaps, pointspreads and odds offered to the punter. Linemaker One who compiles or sets the original or subsequent betting lines. Lock US O used for an almost guaranteed winner.

Longshot The outsider or unfancied runner, usually against which "long odds" have been offered. Lucky 15,31,63 Multiple bets on all possible combinations of 4, 5 or 6 selections. Martingale Betting system based on doubling-up.

Minus Pools US In pari-mutuel betting, a situation in which so much money is bet on a horse usually to show that the pool is insufficient, after take gambling terms breakageto pay holders of winning tickets the legal minimum odds. Morning Line Forecast of probable odds.

Mutuel Pool Total amount bet defiintions win, place or show in a race. Also total amount bet defniitions daily doubleexactaquinellaetc. N [Back to Top] Nap The selection that racing correspondents and tipsters nominate as their strongest selection of the day or meeting. Reputed to stand for "Napoleon". No Action see Action. O [Back to Top] Odds Odds are the bookmaker's view of the chance of a competitor winning adjusted to include a profit.

Odds-against Where definitions odds are greater than evens e.

Glossary of Gambling Terms for online Sportsbooks. Get latest definitions A-Z on gambling terms related to online Sportsbooks. Phrases and terms connected with gambling. There is more gambling terminology in the other subcategories of Category:Gambling. Glossary of Australian and New Zealand punting · Glossary of North American horse racing · Groom Porter. Betting Glossary A-Z. An interactive guide to the jargon and slang of betting - both sides of the pond. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z. A.

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