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Casino Glossary
Long Run
Martingale
Casino
Also known as Double or Nothing. A betting system in which a player makes the same bet after each win and doubles their bet after each loss. Say, if you wagered $5 and won, you bet $5 again. In case you lost, you bet $10 next time. If you lose again, your next bet will be $20. If you win, you bet the initial $5. Some players believe that Martingale system works on the short run. However, statistics prove it wrong.
Many casino games have betting limits that do not allow the players to endlessly double their bets. So the player either meets the table limit or the cash limit and loses it all.
Examples:
Have you ever played American Roulette by Martingale system?
I will never use Martingale for Blackjack again.
Maximum Bet
CasinoSlotsVideo PokerThe largest bet allowed at a game. Also known as a table limit. In slots or video poker, a button to play the maximum amount.
Mobile Version
CasinoCasino software that allows a person to gamble on a mobile device, i.e. a smartphone or tablet.
Money Put In Action
CasinoThe amount bet, not necessarily in one round of play.
Multi-Player Game
CasinoAn online casino game where players can compete against each other.
Multiple Decks
Negative Expectation
Negative Progression
CasinoA betting strategy of wagering more after a loss. The Martingale System is the best known example.
Net Winnings
CasinoActual profit after deducting what the player wagered of their own money.
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