Casino Glossary

• Wager

  Casino

  
  

  1. An agreement or pledge to pay an amount of money as a result of the outcome of an unsettled matter. An amount staked on the outcome of such a matter or event. The act of betting. A bet. A stake. A gamble. Money that is risked for a possible monetary gain.

  Examples:

  He placed a wager on a soccer game.

  I have a wager on that horse.

  What's your wager?

  You can make your wagers online or by phone.

  The wager for this promotion is 25 times deposit plus bonus.

  2. To wager means to bet or to risk something, most often money, on the outcome of an unsettled matter, contest, event, etc.

  Examples:

  He wagered $3000 on Blackjack last night.

   

  You need to wager a bonus 40 times before you can withdraw your winnings.

   

  How much more do I have to wager to complete the bonus requirements?

  Synonym: Bet

• Wagering Requirements

  Casino

  Conditions that must be met in order for a player to receive a bonus offered by the casino. E.g. betting a total of $1000 within 30 days.

• On tilt

  Casino

  
  

  Tilt is a poker term for frustration. A player who loses control of their emotions (usually after losing badly), becomes aggressive towards the fellow players and bets wildly is said to be "on tilt".  

  Placing an opponent on tilt or dealing with being on tilt oneself is one of the crucial aspects of poker. Some players deliberately choose the tactics of placing the opponents on tilt by pretending to be drunk, annoying the players by making strange noises or stupid comments, blaming the players for bad hands, etc. In theory, this tactics is supposed to have monetary positive expectation as the players on tilt tend to play poorly. Poker experts recognize the situation when they are close to being on tilt and try to avoid it. For the new player, a skill to minimize being on tilt is one of the most important improvements that can be made in play.

  Examples:

  After losing the third hand in a raw, John went on tilt and got his whole bankroll taken.

  When I feel close to being on tilt, I quit the game and go home.

   

• Press a Bet

  Casino

  Increase the amount of a bet, especially in craps.

• Lock

  Casino

  A guaranteed winner.

• Web Wallet

  Casino

  A software tool to manage and facilitate online money transactions.

  Synonym: E-Wallet

• Whale

  Casino

  The very highest of high rollers. A wealthy individual who regularly bets very large sums, and is therefore sought after and given the most lavish comps by casinos.

  See also: High Roller

• Firing

  Casino

  Betting large amounts of money.

• D'Alembert System

  Casino

  A betting system in which a bet is increased by one unit after a loss and decreased by a unit after a win. Similar to the Martingale System.

• Rank

  Casino

  The numerical value of a card.