Gambling Terminology


All In:
In poker, going all in means betting your entire stack on a single hand.

Bean:
In poker, a bean or an ante bean is a term that refers to the ante or the chip that is used to place the ante.

Chalk:
In sports betting, picking the chalk or betting the chalk means betting on the favorites.

Cooler:
In poker, a cooler is a case in which somebody plays a very strong hand that justifies placing the maximum bet, but is still beaten by an even stronger hand.

Cover:
In most cases, covering the bet simply means accepting the bet for play or putting enough money on the line to pay for the action.

Dime:
In gambler parlance, a dime is a $1,000 wager.

Double Down:
Double down is a blackjack term and is the name of one of the decisions that a player can make as the game goes on.

EV:
EV, or expected value, is what the player could expect to win or lose per a single game if he was to place the same bet in the same situation an infinite number of times.

Fade:
To fade means to bet against, particularly when referring to betting against a person.

Fish:
In poker lingo, the term “fish” is used to describe an extremely unskilled player who tends to play a loose game, but remains passive regardless of the situation at the table, or makes aggressive moves when he shouldn’t.

Hook:
In sports betting, the term “hook” refers to a half-point. Consequently, saying “two and a hook” is the equivalent of saying “two and a half.”

Heater:
A heater is a series of events in any game of chance occurring within a short, concise time frame, and resulting in a positive outcome for the player involved.

Handle:
In sports betting lingo, the term handle is often used by the bookmakers to describe the total amount of money wagered over a specific period of time.

Hedge:
In online sports betting, to hedge means to make a bet or a series of bets that take the opposite site of your original position in order to reduce the risk involved or lock in some profit.

Juice:
Juice, also referred to as vigorish, vig, the take or the cut, is the amount charged by a live bookmaker or a sports betting site for its services.

Kitty:
In home poker games, a kitty is a pool of money that has been built by collecting small, predetermined amounts from specific pots or even every single pot.

Long Term:
Whether you’re talking about sports betting, casino games or poker, the term “long term” refers to the overall profitability over prolonged periods of time.

Marker:
Casino and card room markers are special credits that allow players to receive easy access to large amounts of money on the spot.

Middle:
In sports betting, playing the middle means placing two bets on opposite teams or totals with advantageous point spreads or lines, usually at different sports books.

Moose:
In sports betting, a moose is simply the equivalent of a poker bad beat – a bet that goes horribly wrong despite the fact that everything was progressing just as planned and the punter seemed to have the odds going in his favor.

Mush:
To mush means to create bad luck for others in gambling situations.

Nickel:
In gambling lingo and especially in the sports betting world, a nickel is a $500 wager.

Overlay:
In poker, an overlay is the gap between a tournament’s guaranteed prize pool and the actual prize pool generated by entrants.

Over Under:
In sports betting, an over under bet refers to a wager in which the sports book predicts a number for a statistic in the game in question, and the bettors have to wager whether the actual result will exceed that prediction or end up being lower.

Parlay:
In sports betting, a parlay, also known as an accumulator, is a combo wager that links together two or more individual bets.

PK:
In sports betting, “PK” is an abbreviation for “pick” or “pick’em” and refers to even money wagers in point spread betting.

Pony:
In sports betting, a pony is British slang for a sum of £25.

Press:
In gambling, particularly in sports betting, to press means to bet a larger amount than usual or to double up.

Punter:
In British and Australian sports betting slang, particularly when it comes to horse race betting, the term “punter” is simply a synonym of the word “bettor” or “gambler,” and is used to refer to a person who bets on the outcome of a sporting event.

Push:
In poker and other competitive gambling games, to push means to go all in.

Shark:
A card shark is an expert card player whose skills enable him to take advantage of weaker players.

Sharp:
In sports gambling, the term “sharp” is used to refer to intelligent and astute bettors.

Shoe:
A shoe is a casino device which is used for holding and dispensing playing cards to be dealt.

Snake Eyes:
Snake eyes is the outcome of rolling two dice in any gambling game and getting one pip on each die.

Steam:
In sports betting terminology, “steam” refers to a sudden rush of money all coming in on one team or total, which results in rapid line moves.

Square:
In gambler parlance, and especially in sports gambling terminology, a square is simply an extremely inexperienced player, who is completely incapable of thinking outside the box, or of his “square.”

SU:
In sports betting terminology, SU is an abbreviation for “Straight Up”, which refers to the record of a team without factoring in the spread.

Tell:
In poker, the term “tell” refers to a change in a player’s behavior that gives clues as to what type of hand he or she might be holding.

Tilt:
In poker, the term “tilt” is used to refer to the state of frustration or confusion in which the player tends to adopt a less-than-optimal strategy due to emotional reasons.

Unit:
In sports betting, a “unit” is a measurement of the size of a punter’s bet.

Vigorish (Vig):
In sports betting, vigorish is a straight synonym for the juice. However, in casino gaming, vig may refer to the natural, built-in advantage the house has on most wagers. Vigorish may also refer to rake in poker.

Whale:
A whale, also referred to as high roller, is a player who wagers massive amounts of money.

Yankee:
In sports betting and horse race betting, a Yankee is a full coverage combination bet, which is made up of four selections.