Gambling Glossary: 50 Terms Every Player Should Know Gambling & Casino

The sheer volume of terminology and slang words that comes with it can make life a little difficult for liste casino online uden Rofus new players. Used to define the highest and lowest odds for a selection or an entire field. Fractional odds are designed to better show you profit rather than total winnings, which would include the initial stake.

• The term refers to the total amount a player wagers over a specified period.
• A term used when the odds offered on a bet are lower than the bettor’s perceived value.
• Points are assigned based on the strength of each hand compared to the opponent’s.
• Pit Boss the croupier’s supervisor in a land-based or online live casino.

Lay Odds (Sports betting term)

A bet that pays worse than the true odds, offering low expected value. A wager predicting that the total number of points, runs, or goals scored in a game will be below a posted number. Three of a kind formed with one card on the board and two in hand (unlike a set, which uses a pocket pair).

Redraw (Poker term)

Originally a croupier (dealer) was someone who stood behind a gambler feeding them cash. Played in Texas throughout the 1900s, Texas Hold’em was introduced to Las Vegas casinos in 1967 and was originally just called Hold’em. Originated in France where it was known as 21 or Vingt-et-un but is a spin-off of the Spanish game of 31 (or Trente-et-un) played in the 1400s. A bingo variant where the first number called determines the wild number and then all numbers on the bingo card that end in that wild number are matched. For example, if 42 is called, all numbers ending in 2 are matched.

Payline (Slots Term)

Edge The advantage that the house (the casino) has over the players. Deal The act of providing cards to the players in a round is dealing. Card Counting A controversial Blackjack strategy that entails keeping track of all cards in a round to determine which cards will come next.

Every sportsbook is also licensed with a remote gaming license in its jurisdiction, which adds a layer of protection for bettors. In the very rare instance that an issue arises, you can bring your grievance to the commission directly. The commission added to bets by oddsmakers, otherwise known as “vig”.