Odds: The ratio or percentage chance of a player winning. For example, if a player makes a bet on a horse with 10:1 odds to win and the horse wins, the payout would be $10 for every $1 bet.
A term used in gambling to refer to a losing bet.
Commonly known as online bets or phone in bets made at a racetrack.
A term in craps used to describe a win or loss on one roll of the dice.
A poker term used to describe a player who is on a losing streak resulting in poor and sometimes aggressive betting.
A term used to describe the first bet made.
A bet involving 12-18 numbers at a time on the outside of the betting layout in roulette.
A bet made by a player that gives an edge over the casino.