Despite the fact that internet gambling is now a multi-billion dollar industry, and countless thousands of new bettors world-wide sign on daily to play at online casinos, there are still millions of newcomers to the world of online gambling who do not as yet have a clear understanding of much of the terminology used in online gambling, and betting on sports in general. However, knowledge of these terms is essential to understanding the games and rules of play:
ACTION: Any type of wager.
ALL-IN: In poker, all-in means a player has put all of his chips into the pot, but cannot be forced out of the game by other bettors. A side pot is set up for the bettors with remaining chips, who, if winning can take the pot, and the side pot. If the all-in bettor should win, he can take only the pot, and not the side pot.
ALL-UP: To bet on several horses in the same race.
ANTE: A poker term for placing a required amount of chips into the pot before each hand begins.
BRING-IN: A mandatory bet in seven-card stud made by the player showing the lowest value card.
BUST: You lose; As in blackjack, when a player’s cards total over twenty-one.
BUY-IN: The minimum amount of money required to enter a game or tournament.
CALL: As in poker, when a bettor equals a previously made bet.
CHECK: In poker, to stay in the game without betting. This is allowed only if no other players bet in that round.
CLOSING A BET: As in spread betting, meaning to place a bet equal to but opposite of the initial bet.
COLUMN BET: To bet on any of the three columns of a roulette table.
COME BET: In craps, similar to a pass-line bet, but made after the shooter has established his point.
COME-OUT ROLL: A crapshooters first roll to establish a point, or the first roll after a point is established.
COVERALL: A bingo term, meaning to cover all the squares on a bingo card.
CRAPPING OUT: In craps, to roll a two, three or twelve is an automatic loss on the come-out roll.
DAILY DOUBLE: To select the winners of the first two races of the day.
DOWN BET: To bet that the result of an event will be lower than the lowest end of the quote on a spread bet, also known as a “sell”.
DOZEN BET: In roulette, to bet on any of three groups of twelve numbers, 1-12, etc.
EACH WAY BET: A sports bet, meaning to bet on a team or player to win or place in an event.
EVEN MONEY BET: A bet that pays the same amount as wagered, ( 1-1 ).
EXACTA: Betting that two horses in a race will finish in the exact same order as the bet – also known as a “ Perfecta “.
FIVE-NUMBER LINE BET: In roulette, a bet made on a block of five numbers, such as 1-2-3-0, and 00.
Know which form of gambling is for you
Gambling has evolved into different forms. Gambling, primarily, is a form of entertainment. It is a sport involving money, or whatever is at stake, in a game of chance. Gambling or betting began as early as 2300 B.C. Gambling artifacts, like dice, had been found in countries like Egypt, China, India and Rome. In a recent poll, 63% of Americans support legalized gambling. Another 22% agree that it must be expanded. From dice to roulettes and to computer mouse, which form of gambling is for you? Here are some choices:
These are gambling games usually played inside the casino. A player can win with the right tactic and optimistic mathematical probability. Here are some examples:
Poker is the most popular casino game. It is believed to have been originated from the game ‘as nas’, which is a Persian game. It uses a deck of cards for a series of betting rounds. The player with the best hand wins the pot. Poker is also regarded as a game of strategy and skill.
These are virtual casinos that are played on the internet. The rules are similar with actual casino games but players can either be a real or computer- generated players.
A betting machine that uses a coin to rotate a set of reels usually pulled by a lever. You have to get identical patterns to win.
Roulettes were invented by Blaise Pascal, a French mathematician, in 1842. It is a simple gambling game where in you have to bet on which number a small ball will hit.
*Gambling with fixed- odds
These are certain types of game where in you have to bet on a specific outcome of a given situation. These include horse racing, baseball, motor racing, jai alai and ice hockey, among others.
Even though illegal in most countries, sports betting have boomed in the gambling industry. Bets are based on a point system of sports, like baseball or football. Common sports bets are: against the spread, against odds and against a combination of spread and odds.
You might often see this on the web tagged as risk- free gambling. The concept is to put a bet on a particular result with varied betting groups. Being an investment procedure, it involves a bigger amount of money compared to normal gambling.
Be sure to treat gambling as a pastime, and not a source of money. When engaged in one, set a maximum spending limit. Practice gambling in moderation and don’t let it interfere with your set priorities in life.