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Gambling terminology

Terminology You don't need an advanced degree to understand the language of sports gambling. Just refer to this page when you see an unfamiliar word or phrase. Unfamiliar with common betting terms? The staff of the ESPN Betting section puts together a glossary of terms every bettor should know. Casino glossary A to F, gambling terms, meaning of words: Terminology, Jargon, Slang, Vocabulary. * A to F. G to Q. R to Z. A Action - The amount of money wagered.

Gambling Terminology and Casino Terms

Buy in, Buy-in - Converting cash into chips. Placing extra chips on top of initial bet after the deal has begun. It is like a bonus, offered in some casinos. It is short for Pre Flop, which refers to anything that happens before the dealer deals the three cards that represent the flop on the poker table. Add-on - In poker, the facility to buy additional chips in tournaments.

  Interesting Fact about casino

 

  •   All casinos are built on the principle of the most tangled labyrinths. In the gaming halls there are no direct passages. Because the longer a person walks along the aisles, the more likely that he will play in the meeting slot machines and gambling.
  •  The longest game of poker in the casino is 90 hours. The record belongs to the Irishman Phil Laak. Phil not only set a record, but also won 7 thousand dollars.

Betting glossary of terms

Gambling Terminology and Casino Terms The online gambling world has its own language and terminology that is used by online players. Acronyms, abbreviations, and slang words were invented by players as a faster way to communicate with one another. Of course, for every gaming genre, there is a unique set of terms. Before going into the gambling terms, here are some of the general terms and abbreviations that are used by everyone in the online world, whether gamers, gamblers or social networkers.

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It is a term used to show that the player is laughing or smiling at what other players said or anything that has happened in the gameplay. Of course, it is known that everyone in the online world tends to overstate their reaction so when players say LOL, they are not actually laughing out loud, but they are simply smiling or chuckling. It shows that the player is overwhelmed with laughter due to what other players said or an event that happened. It refers to a new player who does not know how to play.

It stands for Atlantic City. It is a term used to describe players who get an Ace with any 2nd card. A blind is an obligatory bet that players have to place before they are dealt any cards. It can also stand for Big Bet. It is understood from the sentence. It is a standard measure of the win percentage, which stands for Big Bets per one-hundred poker hands. It is an option at most poker rooms where players bet, and they select it to automatically call any raise.

Players only do that when they have a strong hand. It is short for Bank Roll, which is the money that players have in their balance. It has three meanings, which differ according to the sentence itself.

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In poker, going all in means betting your entire stack on a single hand. In poker, a bean or an ante bean is a term that refers to the ante or the chip that is used to place the ante. In sports betting, picking the chalk or betting the chalk means betting on the favorites. In poker, a cooler is a case in which somebody plays a very strong hand that justifies placing the maximum bet, but is still beaten by an even stronger hand. In most cases, covering the bet simply means accepting the bet for play or putting enough money on the line to pay for the action.

Double down is a blackjack term and is the name of one of the decisions that a player can make as the game goes on. EV , or expected value, is what the player could expect to win or lose per a single game if he was to place the same bet in the same situation an infinite number of times.

To fade means to bet against, particularly when referring to betting against a person. A heater is a series of events in any game of chance occurring within a short, concise time frame, and resulting in a positive outcome for the player involved.

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In sports betting lingo, the term handle is often used by the bookmakers to describe the total amount of money wagered over a specific period of time. In online sports betting, to hedge means to make a bet or a series of bets that take the opposite site of your original position in order to reduce the risk involved or lock in some profit.

Juice , also referred to as vigorish, vig, the take or the cut, is the amount charged by a live bookmaker or a sports betting site for its services. In home poker games, a kitty is a pool of money that has been built by collecting small, predetermined amounts from specific pots or even every single pot. Casino and card room markers are special credits that allow players to receive easy access to large amounts of money on the spot. In sports betting, playing the middle means placing two bets on opposite teams or totals with advantageous point spreads or lines, usually at different sports books.

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Lifetime gambling losses

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The Missouri Gaming Commission gave initial approval Wednesday to a change that would allow gamblers to remove themselves from the ban list after five years. Chairman Jim Mathewson emphasized that the commission would seek public comment on the proposal and could still change it. A final vote is expected in December. If approved, the new rule will take effect in March. Missouri was the first state to adopt a self-exclusion list, known as the "disassociated persons program," in People who sign up agree to stay away from the state's 12 casinos or be arrested for trespassing.

Currently, 15, people are on the list. Commission staffers say people on the list call up daily, asking how they can get off. The decision is irreversible. Supporters of an opt-out provision — including the National Council on Problem Gambling — say not all problem gamblers need a lifetime ban.

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Some need a cooling-off period to get through difficulties such as divorce or depression. Spare said that based on the intensive screening that precedes admission to Missouri's list, most people on it have serious gambling problems.

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Applicants are asked a lengthy set of questions, aimed at ensuring the person is sober and making the move voluntarily. Several questions underscore the permanent nature of the decision.

People are considered pathological — or compulsive — gamblers if they meet at least five of 10 criteria set by the American Psychiatric Association. For example, they gamble as a way of escaping problems, return to gambling after losses in an attempt to get even and lie to family members to conceal the extent of gambling.

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