Casino Glossary

• Reported Payout Time

  Casino

  The player-reported amount of time it takes for a casino to transfer money withdrawn by the player.

  See also: Advertised Payout Time

• 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.

• Circle

  Casino

  The marked area on a table where a player places their bet.

  Synonym: Come Box

• Mobile Version

  Casino

  Casino software that allows a person to gamble on a mobile device, i.e. a smartphone or tablet.

• Casino Rate

  Casino

  A courtesy lower hotel room rate offered by casinos to their more valued customers.

• Estimated Payout Time

  Casino

  A Key-To-Casino estimate, based on advertized and reported times, of how long it will be before you receive a withdrawal.

  See also: Reported Payout Time, Advertised Payout Time

• Aggregate Limit

  Casino

  The maximum total amount the casino will pay out on one round of play at a single table.

• Suit

  Casino

  A classification of cards. There are four suits: clubs, diamonds, hearts and spades.

• Comps or comp points

  Casino

  Inducements offered by a casino to get gamblers to play at their establishment, such as free dinners, rooms or gifts.

• Short Run

  Casino

  A small number of bets. The opposite of the long run.

  Antonym: Long Run