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Casino Betting Terms

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marker A check that can be written at the gaming tables by a player who has established credit with the casino
mini-baccaratThe scaled-down version of baccarat, played with fewer players, dealers, and formality but following the same rules as baccarat.
naturalIn blackjack, a natural is a two-card hand of twenty-one points. In baccarat a natural is a two-card total of eight, or nine.
number poolThe range of numbers from which you select the ones you want to play. A typical lottery pool ranges from 1 to 60, and the keno pool is 1 to 80.
nutEither the overhead costs of running a casino, or the fixed amount that a gambler decides to win in a day.
oddsRatio of probabilities
openIn poker, the player who bets first.
outside betsRoulette bets located on the outside part of the layout. They involve betting 12 to 18 numbers at one time.
overlayA good bet where you have an edge over the casino.
pairAny two cards that have the same rank.
passTo not bet, to fold.
patIn draw poker, a hand that does not need any more hands. In blackjack, an unbusted hand worth at least 17 points.
pay cycleA theoretical expression that reflects the number of plays required for the machine to cycle through all possible winning and nonwinning combinations.
paylineThe line on a slot machine window on which the symbols from each reel must line up. Slot machines can have as many as eight paylines, although most have only one.
payoffYour payback; the return you see on a wager.
payout percentageAlso referred to as the payback percentage, the percent of each dollar played in a video or slot machine that the machine is programmed to return to the player. Payback percentage is 100 percent minus the house edge.
payout tableA posting somewhere on the front of a slot or video poker machine, that tells you what each winning hand will pay for the number of coins or credits played.
pitAn area of a casino in which a group of table games are arranged, where the center area is restricted to dealers and other casino personnel.
pit bossThe person who supervises all the games and casino personnel associated with a pit during a particular work shift.Pit bosses are in place to watch for cheating, settle disputes, and give comps to big bettors.
potIn a poker game, the amount of money that accumulates in the middle of the table as each player antes, bets, and raises. The pot goes to the winner of the hand.
pressingA player is pressing the bet when they let winnings ride by wagering them along with the original bet.
probabilityA branch of mathematics that measures the likelihood that an event will occur. Probabilities are expressed as numbers between 0 and 1.The probability of an impossible event is 0, while an event that is certain to occur has a probability of 1.
progressiveA slot machine whose potential jackpot increases with each coin that is played. When the progressive jackpot finally hits, the amount resets to the starting number.
pushA tie hand between a dealer and a player; no money changes hands. A push at blackjack occurs when both the player and the dealer have a unbusted hands with the same total points.
quadsFour of a kind.
qualifierIn poker, the minimum standard a hand must meet in order for it to be eligible for part of the pot.
 

 

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