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.Ĭasino and card room markers are special credits that allow players to receive easy access to large amounts of money on the spot. 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. 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. Consequently, saying “two and a hook” is the equivalent of saying “two and a half.” In sports betting, the term “hook” refers to a half-point. 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. 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.Ī 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. 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. To fade means to bet against, particularly when referring to betting against a person. In gambler parlance, a dime is a $1,000 wager.ĭouble down is a blackjack term and is the name of one of the decisions that a player can make as the game goes on.ĮV, 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. 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. 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. In sports betting, picking the chalk or betting the chalk means betting on the favorites.

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

What does faded mean in gambling