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Casino Terms

The following is a list of common casino wagering terms. If you have any questions, please visit our Help page or FAQs section.

A point during play where the player is winning, i.e. the value of his wins exceeds his losses.
Any questionable deception or ruse by a player to unduly influence the outcome and thereby increase his expectations. A player with an angle, even though technically legal, is not often welcome among polite company.
A person or group of persons who provides the bankroll for a particular player but remains behind the scenes.
Bad Beat
A tough, unforeseen loss when an underdog hand surprisingly wins the pot against the odds against seemingly better hands. This term is often used to imply that the winner of the pot had no business being in the pot at all, or to suggest dumb luck played a large part in the win. This term may also be applied to a situation where winning points are scored against a wager in the dying seconds of a game, or the favored horse loses by a nose, after leading all the way.
A gaming establishment or player that acts as the banker during a game or series of games and uses their own money to cover bets. The term also refers to a bankroll.
The total available wagering funds held by the player.
Basic Strategy
A playing system adopted by a player with the idea of optimizing his edge over the house in the longer term.
The amount of money a player voluntarily risks on cards, sports or other games. The bet can be in the form of cash, chips or vouchers. Also see, wager.
A person who places or has a bet (US). A bettor is also called a player in the US and a punter in the UK.
Bet Spread
The ratio between the maximum and minimum bet size. A player who uses $50 maximum bets and $5 minimum bets is using a 10:1 bet spread.
Betting Limit
The set minimum and/or maximum amount of money that the player can wager on a single bet. The player cannot bet less than the minimum or more than the maximum amount posted.
Slang for odds of two-to-one in the UK.
An abbreviation for bankroll.
Break-Even Point
The point at which a player's bets approximately equal the payoffs received.
Broke Money
Compensation money sometimes given by a casino to a broke or busted player.
A bet of $100 in US funds. A buck is also known as a dollar or a one dollar bet.
UK slang for odds of three-to-one. Also known as "tres" or "gimmel".
Carpet Joint
Slang term referring to a luxury casino as compared to the less showy, lower minimum gambling houses, i.e., sawdust joints.
Complimentary gifts used by casinos to entice players to wager. Typical comps include free room, food and/or beverage (RFB).

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