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Casino Glossary

  • Call

    Poker

    Staying in the hand by matching the current bet.

  • Slot Types

    Slots

    The different versions of slot machines.

  • Overcard

    Poker

    A card higher that the cards on the board.

  • RNG (Random Number Generator)

    Casino

    A device that chooses pseudo-random numbers. Not truly random, as the sequence can be duplicated, hence "pseudo".

  • Buffalo

    Craps

    A bet on all the hard ways (22, 33, 44, 55) and any 7. The last is a one-roll bet.

  • Hit Frequency

    Slots

    Percentage of wins a machine gives. Assuming the same payout percentage, a machine with a lower hit frequency will give small wins less often and big wins more often than one with a high frequency.

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    The player-reported amount of time it takes for a casino to transfer money withdrawn by the player.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

  • Free Odds Bet

    Craps

    An additional bet on pass line or come bets. It pays true odds (i.e. no house advantage) and is therefore the best craps bet. Also called simply odds.

  • Martingale

    Casino


    Martingale system

    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.

  • Die

    Craps

    A cube with a unique number of dots (1 to 6) on each side. Singular form of dice.

    Synonym: Bones

    See also: Dice

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