Every gambler worth a hill of beans needs to understand the lingo of the game. While the gambling world is full of lingo, today I’ll present some of the more common and interesting words and phrases you should know.
Action – The action is the total amount of money that’s wagered. It’s also a term that can be used to signify that an amount of money is in play.
Ante – This is a poker term that means the amount of money one needs to pony up to get into the action. You’ll see it in regular poker, Caribbean Stud and other games.
Bankroll – Your bankroll is the amount of money you have to gamble with. It could be an amount of money for the night, a week, a sports season or whatever.
Betting Right or Wrong – At the Craps table, you are betting right when you’re betting with the dice-a pass line wager. And you’re betting wrong when you’re going against the dice.
Biased Wheel – A Roulette wheel that seems to be favoring one part of itself-ball seems to land in one section a bit more often than other sections.
Burn Card – This is the first card of a new deck...
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