Gambling Terminology For Beginners

Gambling games Gambling terminology

Newcomers to the gambling world may find gambling terminology intimidating. These terms include Payout percentage, Canceled bets, and Slang. However, understanding them can help improve your game play and improve your overall experience. If you want to learn more about gambling, read on. We’ve compiled a glossary of the most important terms and definitions to help you get started. Once you’ve familiarized yourself with the basics, you’ll be ready to jump into the fun!

Gambling terminology

The basic terms and phrases of gambling games include dime, nickel, and dime double. However, you should be aware of some additional gambling terminology. For example, what is a “double down” in blackjack? A “double down” means you bet against the dealer. Similarly, expected value is a mathematical representation of the player’s expected win or loss per game. Another gambling game term is “fade.”

Slang terms

Casino slang refers to the language of casino games. One of the most popular casino slang terms is bankroll, which refers to the total amount of money a gambler can wager. It is also the name of the cashier’s cage, where cashiers keep track of money from customers. Slang terms for different types of gambling games include: “cabbage” and “black book,” which refer to gambling bans in Nevada. Other terms include “buy-in” and “cage,” which refer to money a gambler converts to casino chips.

Payout percentage

Payout percentage refers to the percent of a casino’s total wagers that are returned to the player. It is important to note that payback percentages are not the same for all games. Slot machines that have a high payback percentage may be more profitable for the casino than those with low payout percentages. The payback percentage of slot machines is based on actual casino statistics that are reported to regulatory bodies. This number represents the total amount of money wagered in a slot machine during an entire year and the amount of money that was returned to players in the form of jackpots.

Canceled bets

When you win, the odds in a gambling game aren’t final and you lose, the bookmaker can cancel your bet and take your money instead. This is known as a ‘canceled bet’ and it can happen in many gambling games, such as roulette. Sometimes, the game is postponed or cancelled for an unknown reason. In such a case, your bet will carry over to the revised time, and you can bet again.


Arbitrage is a betting strategy that is not based on losing, but rather finding a large difference between the two sides of a wager. The key to arbitrage is to compare the betting lines of two different games and place a bet on the underdog (positive money line) that is greater than the favorite’s (negative money line) value. You can find arbitrage opportunities in all kinds of gambling games, from soccer to football. This strategy is relatively easy to spot once you’ve tried it out.