* A to F . G to Q . R to Z
- 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.
- Sports book: The part of the casino that accepts bets on athletic contests. Square: An unsophisticated or casual bettor, the opposite of a wise guy; see 'public.' Steam: One-sided action. Straight: A single bet, usually laying 110 to win 100. Takeback: On a money line, the price of the underdog. (In baseball, if the favorite is minus 120, the.
A
Action - The amount of money wagered (put into action) by a player during an entire playing session.
Active Player - In poker, one who is still in play.
Add-on - In poker, the facility to buy additional chips in tournaments.
Aggregate Limit - Total payout liability of a casino during any one game.
Aggregate Winnings - Cumulative or total winnings.
All-in (Also known as 'Going All-In') - In cardroom poker, to call with (to bet) all your chips. If another player bets more chips than you have in a No Limit game, you can go All-in and stake your total stack against an equivalent amount of your opponent's stack.
All or Nothing - In Keno, a ticket that only pays if either all picked numbers are drawn or none of the picked numbers are drawn.
Ante - In card games, a bet required to begin a hand. The initial compulsory bet before you receive your cards in Casino Stud Poker.
Arcade Casino - See 'Automat Club' below
Arm - A term used in the game of craps to denote a player who is so skilled at throwing the dice that they are able to alter the conventional odds of the game. Such a player is said to be 'an arm'. Whether or not such individuals actually exist or are simply the product of game legend is debatable. However, it is worth noting that the casino craps dealers are very adamant about the dice being thrown against the far wall of the table to ensure a completely random outcome.
Automat Club - Also known as Videomat Casino, Arcade Casino, Slot Hall, is a gambling hall that offers automatic games that do not require a casino operator. Examples: slot/video machines, electronic touch-bet roulette, electronic Derby horse racing, etc. They are normally open 24 hours or from 10am daily, entry is free, no registration required, the dress code is casual, and there is an in-house bar or snack bar.
Action - The amount of money wagered (put into action) by a player during an entire playing session.
Active Player - In poker, one who is still in play.
Add-on - In poker, the facility to buy additional chips in tournaments.
Aggregate Limit - Total payout liability of a casino during any one game.
Aggregate Winnings - Cumulative or total winnings.
All-in (Also known as 'Going All-In') - In cardroom poker, to call with (to bet) all your chips. If another player bets more chips than you have in a No Limit game, you can go All-in and stake your total stack against an equivalent amount of your opponent's stack.
All or Nothing - In Keno, a ticket that only pays if either all picked numbers are drawn or none of the picked numbers are drawn.
Ante - In card games, a bet required to begin a hand. The initial compulsory bet before you receive your cards in Casino Stud Poker.
Arcade Casino - See 'Automat Club' below
Arm - A term used in the game of craps to denote a player who is so skilled at throwing the dice that they are able to alter the conventional odds of the game. Such a player is said to be 'an arm'. Whether or not such individuals actually exist or are simply the product of game legend is debatable. However, it is worth noting that the casino craps dealers are very adamant about the dice being thrown against the far wall of the table to ensure a completely random outcome.
Automat Club - Also known as Videomat Casino, Arcade Casino, Slot Hall, is a gambling hall that offers automatic games that do not require a casino operator. Examples: slot/video machines, electronic touch-bet roulette, electronic Derby horse racing, etc. They are normally open 24 hours or from 10am daily, entry is free, no registration required, the dress code is casual, and there is an in-house bar or snack bar.
A whale, also referred to as high roller, is a player who wagers massive amounts of money. The term isn’t specific to a single game – whether the gambler in question is playing Slots, Poker, Roulette, or Blackjack, he or she can still be considered a whale as long as the bets are sufficiently large. Problem gambling is any gambling behavior that disrupts your life. If you’re preoccupied with gambling, spending more and more time and money on it, chasing losses, or gambling despite serious consequences in your life, you have a gambling problem. A gambling addiction or problem is often associated with other behavior or mood disorders.
B
Baccarat - Also called Punto Banco and Chemin De Fer (similar to Baccarat but requires skill). A table game using 6 or 8 decks of cards which does not require skill. See Baccarat on this site.
Banca Francesa - Literally means French Bank, is a dice game common in Portuguese casinos. The game is played with three dice on a large table. In a way it is similar to the card game Punto Banco or Baccarat. There are only three types of bets you can place: 'Big' or 'Small' or 'Aces'. Big is when the total points of the three dice is 14, 15 or 16. Small is when the total points of the three dice is 5, 6 or 7. Aces is when the total points of the three dice is 3 (one dot per dice). The dealer will be re-rolling the dice until one of these results shows up. Big and Small both pay even money while Aces pays 61 to 1.
Banker - In card games, the dealer. In some card games, each player becomes a banker/dealer in turn.
Bankroll - Also known as 'roll' or 'wad' (colloquial). It pertains to the total money that either the player or the casino has on hand to back their wagering activities. A player's bankroll can be classified as existing on several different levels. At the highest level it pertains to all money specifically set aside to support all gambling activities. A subset of this bankroll is the players traveling bankroll, or the amount of money carried along to support gambling on a particular trip. The traveling bankroll can be further divided into a specific lesser amounts for each day of the trip, or into even smaller amounts called table sitting or session playing stakes which predetermine how much will be risked during any given session or table sitting. These different types of bankrolls often figure into the overall money management strategy the player uses to keep control over their gambling cash activity.
Barred - Same as Banned. Not allowed to enter the casino premises permanently.
Beef - A dispute or claim involving a player and his bookmaker or a casino dealer. A dispute over the outcome of a bet. A problematic situation involving a bet.
Example of usage: In many casinos, putting paper currency on the pass line (craps game) indicates to the dealer that the cash is betting, and when the dice roll turning a losing outcome, you have got little recourse and are at the mercy of the person manning the box convincing him that you wanted to exchange the money into chips. If the dealer takes the bank note you dropped in front of you on the layout as a lost bet, but NOT on any of the other possible wagers, then you have a legitimate beef. The casino film recording can be reviewed but that does not immunize you for your failure to tell the dealer you want chips in exchange for your currency.
Beginners Luck - In gambling, new players often are on a winning streak when they start gambling. Also known as the 'Honeymoon Period'.
Bet - Wager.
Betting Limits - In a table game, the minimum and maximum amounts of money that a player can wager on one bet. You cannot wager less than the minimum or more than the maximum amount posted. Some casinos, in special cases, may extend the maximum limit at a table on request by the player.
Bingo - Bingo is a prize game played in halls. Basically, players buy cards with numbers on them in a 5 x 5 grid corresponding to the five letters in the word B-I-N-G-O. Numbers such as B-2 or 0-68 are then drawn at random (out of a possible 75 in American Bingo, and 90 in British and Australian Bingo) until one player completes a 'Bingo' line with five numbers in a vertical, horizontal or diagonal row on one of their cards and wins the prize. Bingo rules and payouts and play variations vary from place to place.
Black Book - The list of undesirable people who are forbidden to enter any casino in Nevada.
Blind Bet - In poker, a bet posted without the player sees any of his/her cards.
Blinds - A forced bet in Hold'em Poker.
Brit Brag - A 3-card poker game, with variations. Has many combinations and options open to the player.
Bonus - Money that could be given to you for free for various reasons such as when signing up to an online casino.
Boule (La Boule) - Originally referred to as the 'little game', Boule is basically a simplified version of Roulette, popular in French casinos. The game features a table and a wheel with only 9 numbers and 3 different colours on which you can bet. The wheel is spun and a small rubber ball bounces around the wheel before settling into one of the coloured holes to determine the outcome. The game is simple and fast.
Boxing - In horse racing, a single ticket comprised of more than one parlay.
Break-Even Point - The break-even point is the point at which if you played forever, the bets you made would approximately equal the payoffs you would receive.
Brick - A card that appears not to help a player's poker hand. A 'blank' in 7-card stud poker.
BritBrag - A poker game with a three-card hand played against the casino, also known as 3-card Casino Brag and 3-card Poker.
Buck - A $100 wager.
Bug - A joker.
Bump - To raise.
Burn Cards - Remove cards from the top of the deck, not to be dealt, and place them in the discard tray after a shuffle and cut.
Buy in, Buy-in - Converting cash into chips. The amount of cash used to purchase casino chips before entering a table game: blackjack, poker, craps, roulette, etc.
Baccarat - Also called Punto Banco and Chemin De Fer (similar to Baccarat but requires skill). A table game using 6 or 8 decks of cards which does not require skill. See Baccarat on this site.
Banca Francesa - Literally means French Bank, is a dice game common in Portuguese casinos. The game is played with three dice on a large table. In a way it is similar to the card game Punto Banco or Baccarat. There are only three types of bets you can place: 'Big' or 'Small' or 'Aces'. Big is when the total points of the three dice is 14, 15 or 16. Small is when the total points of the three dice is 5, 6 or 7. Aces is when the total points of the three dice is 3 (one dot per dice). The dealer will be re-rolling the dice until one of these results shows up. Big and Small both pay even money while Aces pays 61 to 1.
Banker - In card games, the dealer. In some card games, each player becomes a banker/dealer in turn.
Bankroll - Also known as 'roll' or 'wad' (colloquial). It pertains to the total money that either the player or the casino has on hand to back their wagering activities. A player's bankroll can be classified as existing on several different levels. At the highest level it pertains to all money specifically set aside to support all gambling activities. A subset of this bankroll is the players traveling bankroll, or the amount of money carried along to support gambling on a particular trip. The traveling bankroll can be further divided into a specific lesser amounts for each day of the trip, or into even smaller amounts called table sitting or session playing stakes which predetermine how much will be risked during any given session or table sitting. These different types of bankrolls often figure into the overall money management strategy the player uses to keep control over their gambling cash activity.
Barred - Same as Banned. Not allowed to enter the casino premises permanently.
Beef - A dispute or claim involving a player and his bookmaker or a casino dealer. A dispute over the outcome of a bet. A problematic situation involving a bet.
Example of usage: In many casinos, putting paper currency on the pass line (craps game) indicates to the dealer that the cash is betting, and when the dice roll turning a losing outcome, you have got little recourse and are at the mercy of the person manning the box convincing him that you wanted to exchange the money into chips. If the dealer takes the bank note you dropped in front of you on the layout as a lost bet, but NOT on any of the other possible wagers, then you have a legitimate beef. The casino film recording can be reviewed but that does not immunize you for your failure to tell the dealer you want chips in exchange for your currency.
Beginners Luck - In gambling, new players often are on a winning streak when they start gambling. Also known as the 'Honeymoon Period'.
Bet - Wager.
Betting Limits - In a table game, the minimum and maximum amounts of money that a player can wager on one bet. You cannot wager less than the minimum or more than the maximum amount posted. Some casinos, in special cases, may extend the maximum limit at a table on request by the player.
Bingo - Bingo is a prize game played in halls. Basically, players buy cards with numbers on them in a 5 x 5 grid corresponding to the five letters in the word B-I-N-G-O. Numbers such as B-2 or 0-68 are then drawn at random (out of a possible 75 in American Bingo, and 90 in British and Australian Bingo) until one player completes a 'Bingo' line with five numbers in a vertical, horizontal or diagonal row on one of their cards and wins the prize. Bingo rules and payouts and play variations vary from place to place.
Black Book - The list of undesirable people who are forbidden to enter any casino in Nevada.
Blind Bet - In poker, a bet posted without the player sees any of his/her cards.
Blinds - A forced bet in Hold'em Poker.
Brit Brag - A 3-card poker game, with variations. Has many combinations and options open to the player.
Bonus - Money that could be given to you for free for various reasons such as when signing up to an online casino.
Boule (La Boule) - Originally referred to as the 'little game', Boule is basically a simplified version of Roulette, popular in French casinos. The game features a table and a wheel with only 9 numbers and 3 different colours on which you can bet. The wheel is spun and a small rubber ball bounces around the wheel before settling into one of the coloured holes to determine the outcome. The game is simple and fast.
Boxing - In horse racing, a single ticket comprised of more than one parlay.
Break-Even Point - The break-even point is the point at which if you played forever, the bets you made would approximately equal the payoffs you would receive.
Brick - A card that appears not to help a player's poker hand. A 'blank' in 7-card stud poker.
BritBrag - A poker game with a three-card hand played against the casino, also known as 3-card Casino Brag and 3-card Poker.
Buck - A $100 wager.
Bug - A joker.
Bump - To raise.
Burn Cards - Remove cards from the top of the deck, not to be dealt, and place them in the discard tray after a shuffle and cut.
Buy in, Buy-in - Converting cash into chips. The amount of cash used to purchase casino chips before entering a table game: blackjack, poker, craps, roulette, etc.
C
Call - In Poker, to call is to match the current bet.
Camouflage - Anything a skilled gambler does to conceal their activities from the casino. Camouflage can include mixing in playing and betting behavior that mimics typical gamblers, or using disguises, appearing to be drunk, or any number of other possible ploys intended to throw the casino's scrutiny off.
Capping - Referred to capping of bets. Placing extra chips on top of initial bet after the deal has begun. It is a serious form of cheating by a player.
Card Counting - Used in blackjack game. Recording (in memory) played cards (usually high cards) so as to establish a conditional probability advantage on the remaining cards against the dealer.
Card Sharp - A person who is an expert at cards.
Card Washing - A card shuffling technique where the dealer spreads the cards on the table face down and then proceeds to mix them around with his hands flat in a face-washing-like action before gathering them up and performing a more normal shuffle. Card washing is intended to remove any consistencies in the sequencing among the cards that new decks of cards have, or that were produced in play prior to the present shuffle. In standard table poker the cards are washed after every hand before they are subjected to a more conventional shuffling. In blackjack and baccarat, the the cards are washed when old decks are taken out of play and fresh new decks brought in to replace them.
Caribbean Stud Poker - Also called 'Casino Stud Poker', A casino table game based on the standard 5-card stud poker game played on a Blackjack-type table. Some casinos also offer a progressive jackpot paid to high ranking hands. This table game is played with one deck of cards.
Carousel - A group of slot machines that are positioned in a ring, enabling a change person (to change bank-notes into coins) to stand in the center.
Carpet Joint - US slang for a luxury gambling casino.
Case money - Emergency money.
Cashcheck - A feature used by some online casinos software that allows you to review your financial transaction history.
Cashier’s Cage - The casino cash desk for cashing in the chips.
Casino - The word 'casino' initially meant a public music and dance hall. By the second half of the 19th century casinos developed into a place with gambling halls. The best example of a casino as a gambling location is Monte Carlo in Monaco. Casino Monte Carlo was opened in 1863 and since that time it has been an important source of revenue for the small state of Monaco.
Casino Advantage - The edge that the House (casino) has over the players.
Casino Hold'em Poker - A card game based on Texas Hold'em poker, the difference is that players bet against the house (the casino) rather than against other players.
Casino Rate - A reduced hotel-room rate (price) that the casinos offer to good customers.
Catch - In keno, to catch a number means that a number you have marked on your keno ticket has been drawn.
Chase - Having lost money on a bet, 'chasing' is having another bet simply to try and get back the loss.
Check - In casino gambling, a check is another term for a chip. In poker, a player can 'check' in order to stay in the game but not bet.
Chemin De Fer - (French) A table game using 6 or 8 decks of cards, similar to Baccarat but requires skill. See Chemin de fer on this site.
Chip, Chips - Round plastic discs. Casinos require that you use chips for betting. They are purchased at the gaming tables and exchanged at the cashier's booth or cage.
Chip Tray - The tray in front of a dealer that holds that table’s inventory of chips.
Chips - Round tokens that are used on casino gaming tables in lieu of cash.
Coat-tail - Bet the same numbers as someone who is winning at the moment.
Cold - A player on a losing streak, or a slot machine that is not paying out.
Color Up - When a player exchanges smaller denomination chips for larger denomination chips.
Combination Way Ticket - In keno, a ticket in which groups of numbers are bet several different ways, allowing the player to spread money over more combinations.
Comps - Complimentary gifts given by the casino to entice players to gamble. Typical comps include free hotel room, meals and beverages.
Copy - In Pai-Gow Poker, when a player and the banker have the same two-card hand, or the same five-card hand. The banker wins all copies.
Cracking The Nut - Making enough money on a gambling venture to cover all expenses plus a reasonable net profit.
Craps - Casino dice table-game.
Credit - In online casinos, wagers are expressed in credits. 1 credit equals to 1 unit.
Credit Button - In slot machines or video machines, the button that allows players to bank coins in the form of credits.
Crossroader - An old term used to denote a cheat originated in the Old West practice of cheating at saloons located at crossroads. The term is still used today for casino cheats.
Croupier - French word for Dealer, used in the games of baccarat and roulette.
CSM - Continuous Shuffling Machines, introduced by casinos as an anti card counters in Blackjack.
Cut - In card games following a shuffle before the start of a new round of play, when the dealer or player divides a deck into two parts and inverts them, using a cut card (see below).
Cut Card - A faceless card of different color, usually red or black, that is used to cut a deck of cards.
Call - In Poker, to call is to match the current bet.
Camouflage - Anything a skilled gambler does to conceal their activities from the casino. Camouflage can include mixing in playing and betting behavior that mimics typical gamblers, or using disguises, appearing to be drunk, or any number of other possible ploys intended to throw the casino's scrutiny off.
Capping - Referred to capping of bets. Placing extra chips on top of initial bet after the deal has begun. It is a serious form of cheating by a player.
Card Counting - Used in blackjack game. Recording (in memory) played cards (usually high cards) so as to establish a conditional probability advantage on the remaining cards against the dealer.
Card Sharp - A person who is an expert at cards.
Card Washing - A card shuffling technique where the dealer spreads the cards on the table face down and then proceeds to mix them around with his hands flat in a face-washing-like action before gathering them up and performing a more normal shuffle. Card washing is intended to remove any consistencies in the sequencing among the cards that new decks of cards have, or that were produced in play prior to the present shuffle. In standard table poker the cards are washed after every hand before they are subjected to a more conventional shuffling. In blackjack and baccarat, the the cards are washed when old decks are taken out of play and fresh new decks brought in to replace them.
Caribbean Stud Poker - Also called 'Casino Stud Poker', A casino table game based on the standard 5-card stud poker game played on a Blackjack-type table. Some casinos also offer a progressive jackpot paid to high ranking hands. This table game is played with one deck of cards.
Carousel - A group of slot machines that are positioned in a ring, enabling a change person (to change bank-notes into coins) to stand in the center.
Carpet Joint - US slang for a luxury gambling casino.
Case money - Emergency money.
Cashcheck - A feature used by some online casinos software that allows you to review your financial transaction history.
Cashier’s Cage - The casino cash desk for cashing in the chips.
Casino - The word 'casino' initially meant a public music and dance hall. By the second half of the 19th century casinos developed into a place with gambling halls. The best example of a casino as a gambling location is Monte Carlo in Monaco. Casino Monte Carlo was opened in 1863 and since that time it has been an important source of revenue for the small state of Monaco.
Casino Advantage - The edge that the House (casino) has over the players.
Casino Hold'em Poker - A card game based on Texas Hold'em poker, the difference is that players bet against the house (the casino) rather than against other players.
Casino Rate - A reduced hotel-room rate (price) that the casinos offer to good customers.
Catch - In keno, to catch a number means that a number you have marked on your keno ticket has been drawn.
Chase - Having lost money on a bet, 'chasing' is having another bet simply to try and get back the loss.
Check - In casino gambling, a check is another term for a chip. In poker, a player can 'check' in order to stay in the game but not bet.
Chemin De Fer - (French) A table game using 6 or 8 decks of cards, similar to Baccarat but requires skill. See Chemin de fer on this site.
Chip, Chips - Round plastic discs. Casinos require that you use chips for betting. They are purchased at the gaming tables and exchanged at the cashier's booth or cage.
Chip Tray - The tray in front of a dealer that holds that table’s inventory of chips.
Chips - Round tokens that are used on casino gaming tables in lieu of cash.
Coat-tail - Bet the same numbers as someone who is winning at the moment.
Cold - A player on a losing streak, or a slot machine that is not paying out.
Color Up - When a player exchanges smaller denomination chips for larger denomination chips.
Combination Way Ticket - In keno, a ticket in which groups of numbers are bet several different ways, allowing the player to spread money over more combinations.
Comps - Complimentary gifts given by the casino to entice players to gamble. Typical comps include free hotel room, meals and beverages.
Copy - In Pai-Gow Poker, when a player and the banker have the same two-card hand, or the same five-card hand. The banker wins all copies.
Cracking The Nut - Making enough money on a gambling venture to cover all expenses plus a reasonable net profit.
Craps - Casino dice table-game.
Credit - In online casinos, wagers are expressed in credits. 1 credit equals to 1 unit.
Credit Button - In slot machines or video machines, the button that allows players to bank coins in the form of credits.
Crossroader - An old term used to denote a cheat originated in the Old West practice of cheating at saloons located at crossroads. The term is still used today for casino cheats.
Croupier - French word for Dealer, used in the games of baccarat and roulette.
CSM - Continuous Shuffling Machines, introduced by casinos as an anti card counters in Blackjack.
Cut - In card games following a shuffle before the start of a new round of play, when the dealer or player divides a deck into two parts and inverts them, using a cut card (see below).
Cut Card - A faceless card of different color, usually red or black, that is used to cut a deck of cards.
D
D'Alembert System - A staking plan where one unit is added for a losing bet and one deducted for a winning bet.
Deal - To give out the cards during a card game.
Deposit - A payment you make usually to online casinos using a credit card, a web wallet or one of the online payment systems, in order to play casino games for real.
Deuce - A two in dice.
Dice - Two identical numbered cubes. (see Die below)
Die - Singular for dice, a cube with numbers on each side, 1 to 6.
Dime Bet - A $1,000 wager.
Discard Tray - A tray on the dealer’s right side that holds all the cards that have been played or discarded in card games like Baccarat, Blackjack and Poker.
Dollar Bet - A $100 wager.
Dolly - Unlike the French roulette where the croupier simply points with the stick on the winning number on the table, in the American roulette the croupier uses a marker made of wood or plastic and places it on the table in the square of the winning number. The score marker is called 'dolly' because it has the outline that looks like a doll. Its functionality is primarily to help the players know the winning number until all winnings are paid.
Double Or Nothing - An even-money bet. A bet that pays off exactly the amount wagered.
Doubling Down - A betting option in blackjack where the player's opening two-card hand is turned face up and player's original wager is doubled. The player is then dealt one additional card only, to complete the hand. In the event that the player beats the dealer's hand or the dealer busts, then the player wins twice the amount of their original wager. If the player loses, then the player loses twice the amount of their original wager.
Doubling-up - The basis of some widely used systems. After a loss the player doubles the size of his previous bet hoping to win back the money lost and make a profit. Also known as the Martingale System.
Down Card - A face down card.
Down to the Felt - Totally out of money, broke.
Draw - Relates to the poker games. Basically it means to draw a card (e.g. if you need a card to make a straight, you are on a 'straight draw' or are 'drawing to a straight'. In 'draw poker' game, it means the second round of cards that are dealt. The word draw has slightly different meanings in different contexts, although generally it has something to do with receiving more cards, with the hope of improving your hand. Draw games are games where at some point during the hand you are allowed to discard some or all of your cards, to be replaced from the deck. Drawing two is thus exchanging two of your cards. 'The draw' is the point during the game at which players may do this. By default, when someone asks you if you want to play some draw, they usually mean five card draw. In other poker games, drawing simply means staying in the game with the hope of improving your hand when more cards come. When you stay in a hand with the hope of improving, you are said to be 'on a draw'.
Drop - Money lost.
Drop Box - On a gaming table, the box that serves as a repository for cash, markers, and chips.
D'Alembert System - A staking plan where one unit is added for a losing bet and one deducted for a winning bet.
Deal - To give out the cards during a card game.
Deposit - A payment you make usually to online casinos using a credit card, a web wallet or one of the online payment systems, in order to play casino games for real.
Deuce - A two in dice.
Dice - Two identical numbered cubes. (see Die below)
Die - Singular for dice, a cube with numbers on each side, 1 to 6.
Dime Bet - A $1,000 wager.
Discard Tray - A tray on the dealer’s right side that holds all the cards that have been played or discarded in card games like Baccarat, Blackjack and Poker.
Dollar Bet - A $100 wager.
Dolly - Unlike the French roulette where the croupier simply points with the stick on the winning number on the table, in the American roulette the croupier uses a marker made of wood or plastic and places it on the table in the square of the winning number. The score marker is called 'dolly' because it has the outline that looks like a doll. Its functionality is primarily to help the players know the winning number until all winnings are paid.
Double Or Nothing - An even-money bet. A bet that pays off exactly the amount wagered.
Doubling Down - A betting option in blackjack where the player's opening two-card hand is turned face up and player's original wager is doubled. The player is then dealt one additional card only, to complete the hand. In the event that the player beats the dealer's hand or the dealer busts, then the player wins twice the amount of their original wager. If the player loses, then the player loses twice the amount of their original wager.
Doubling-up - The basis of some widely used systems. After a loss the player doubles the size of his previous bet hoping to win back the money lost and make a profit. Also known as the Martingale System.
Down Card - A face down card.
Down to the Felt - Totally out of money, broke.
Draw - Relates to the poker games. Basically it means to draw a card (e.g. if you need a card to make a straight, you are on a 'straight draw' or are 'drawing to a straight'. In 'draw poker' game, it means the second round of cards that are dealt. The word draw has slightly different meanings in different contexts, although generally it has something to do with receiving more cards, with the hope of improving your hand. Draw games are games where at some point during the hand you are allowed to discard some or all of your cards, to be replaced from the deck. Drawing two is thus exchanging two of your cards. 'The draw' is the point during the game at which players may do this. By default, when someone asks you if you want to play some draw, they usually mean five card draw. In other poker games, drawing simply means staying in the game with the hope of improving your hand when more cards come. When you stay in a hand with the hope of improving, you are said to be 'on a draw'.
Drop - Money lost.
Drop Box - On a gaming table, the box that serves as a repository for cash, markers, and chips.
E
eCOGRA - (e-Commerce Online Gaming Regulation and Assurance) eCOGRA provides player assurance and online casino regulation by ensuring that eCOGRA approved online casinos deliver an honest and professional service. eCOGRA's Seal, displayed on the homepage of approved sites, shows that the casino and poker room operator is committed to player protection, fair gaming and responsible conduct.
Edge - An advantage over an opponent.
Encryption - A software security measure taken by online casinos to ensure that online transactions are safe from hackers.
En Prison - (French word) The stake left on the table in roulette for another spin after backing an 'Even-money' bet and the outcome was zero or double zero. It is like a bonus, offered in some casinos.
Even Money Bet - A bet with odds of 1:1. A bet that pays you back the same amount that you wagered, plus your original wager.
Expected Win Rate - In slot machines, the percentage on the total amount of money wagered that you can expect to win back over time.
Eye in the Sky - Slang for video surveillance cameras used by casinos, usually placed on the ceiling above the gaming area.
Face Cards - The Jack, Queen, and King of any suit of cards.
eCOGRA - (e-Commerce Online Gaming Regulation and Assurance) eCOGRA provides player assurance and online casino regulation by ensuring that eCOGRA approved online casinos deliver an honest and professional service. eCOGRA's Seal, displayed on the homepage of approved sites, shows that the casino and poker room operator is committed to player protection, fair gaming and responsible conduct.
Edge - An advantage over an opponent.
Encryption - A software security measure taken by online casinos to ensure that online transactions are safe from hackers.
En Prison - (French word) The stake left on the table in roulette for another spin after backing an 'Even-money' bet and the outcome was zero or double zero. It is like a bonus, offered in some casinos.
Even Money Bet - A bet with odds of 1:1. A bet that pays you back the same amount that you wagered, plus your original wager.
Expected Win Rate - In slot machines, the percentage on the total amount of money wagered that you can expect to win back over time.
Eye in the Sky - Slang for video surveillance cameras used by casinos, usually placed on the ceiling above the gaming area.
Face Cards - The Jack, Queen, and King of any suit of cards.
F
Ficheur - In the American Roulette each player gets chips with different colours so that they do not mix. The croupiers have at their disposal a sophisticated mechanism, also known as Ficheur, which is able to mechanically separate coloured chips making them always readily available to use.
Fifth Street - In seven-card stud, the third round of betting is called fifth street because players have five cards. In Texas Hold‘em poker, fifth street is the fifth card on board and the final round of betting.
Fill - In poker, to draw a card that makes a five-card hand (straight, flush, full house, straight flush).
Fill up - In poker, to fill a full house.
Finales - A type of group bets on numbers ending with the same digit. Examples: Final 7 means bet on the numbers 7, 17 and 27 (three chips). Final 2 means bet on the numbers 2, 12, 22 and 32 (four chips).
Finale Schnaps - In French roulette, an order given to the croupier to place a bet on numbers 11, 22 and 33.
Firing - Betting a lot. A player who is Firing is wagering large sums.
First Base - At the blackjack table, the position on the far left of the dealer is considered to be first base and is the first position dealt with.
Fish - A player who loses money. (It is said that 'If you can't spot the fish at the table, YOU are the fish.) See also 'Shark'.
Flash - A type of no-download casino software where you can play instantly.
Flat Betting - A way of betting where the same amount is bet on each wager. For example, if a player always bets $10 on each hand or spin and never raised or lowered their bet, they would be said to be flat betting.
Flat Top - A slot machine whose jackpot is always a fixed amount, as opposed to a progressive.
Flea - An annoying person who wants something for nothing. One who expects to be comped for a small wager.
Flop - In poker games, such as hold'em and omaha, where five community cards are dealt. The first three of these cards are dealt all at once, face up, and are called the flop. Games with a flop can be called flop games.
Foul - In Pai-Gow Poker, a hand is fouled when the two-card low hand is set higher than the five-card high hand, or when the hands are set with the wrong number of cards. A fouled hand is a losing hand.
Fourth Street - In Seven-card Stud poker, the second round of betting is called fourth street because players have four cards. In Texas Hold‘em poker, fourth street is the fourth card on board and the third round of betting.
Front Money - Cash or bank checks/cheques deposited with the casino to establish credit for a player who bets against that money.
Ficheur - In the American Roulette each player gets chips with different colours so that they do not mix. The croupiers have at their disposal a sophisticated mechanism, also known as Ficheur, which is able to mechanically separate coloured chips making them always readily available to use.
Fifth Street - In seven-card stud, the third round of betting is called fifth street because players have five cards. In Texas Hold‘em poker, fifth street is the fifth card on board and the final round of betting.
Fill - In poker, to draw a card that makes a five-card hand (straight, flush, full house, straight flush).
Fill up - In poker, to fill a full house.
Finales - A type of group bets on numbers ending with the same digit. Examples: Final 7 means bet on the numbers 7, 17 and 27 (three chips). Final 2 means bet on the numbers 2, 12, 22 and 32 (four chips).
Finale Schnaps - In French roulette, an order given to the croupier to place a bet on numbers 11, 22 and 33.
Firing - Betting a lot. A player who is Firing is wagering large sums.
First Base - At the blackjack table, the position on the far left of the dealer is considered to be first base and is the first position dealt with.
Fish - A player who loses money. (It is said that 'If you can't spot the fish at the table, YOU are the fish.) See also 'Shark'.
Flash - A type of no-download casino software where you can play instantly.
Flat Betting - A way of betting where the same amount is bet on each wager. For example, if a player always bets $10 on each hand or spin and never raised or lowered their bet, they would be said to be flat betting.
Flat Top - A slot machine whose jackpot is always a fixed amount, as opposed to a progressive.
Flea - An annoying person who wants something for nothing. One who expects to be comped for a small wager.
Flop - In poker games, such as hold'em and omaha, where five community cards are dealt. The first three of these cards are dealt all at once, face up, and are called the flop. Games with a flop can be called flop games.
Foul - In Pai-Gow Poker, a hand is fouled when the two-card low hand is set higher than the five-card high hand, or when the hands are set with the wrong number of cards. A fouled hand is a losing hand.
Fourth Street - In Seven-card Stud poker, the second round of betting is called fourth street because players have four cards. In Texas Hold‘em poker, fourth street is the fourth card on board and the third round of betting.
Front Money - Cash or bank checks/cheques deposited with the casino to establish credit for a player who bets against that money.
* A to F . G to Q . R to Z
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Many mathematicians have tried and failed to create the perfect betting strategy. Each betting system has its shortcomings no matter how badly someone tries to convince you that their strategy is guaranteed.
But does this mean that all betting strategies are total junk?
No, some strategies do have merit and provide short or even long-term results. The only catch is figuring out which betting systems are worth using.
Let’s discuss 10 wagering strategies that work. Some of these systems only work on specific games like baccarat or roulette, while others can apply to any casino game.
1. Betting 2% or Less of Your Bankroll
A common scenario for casual gamblers is to walk into the casino with around $200 dollars and make bets between $10 and $25.
This seems harmless in theory, if you’re gambling with expendable income. But the problem is that you’re very likely to run out of money this way.
One good idea that comes from sports betting is only risking 2% or less of your bankroll on any given wager.
Professional and serious amateur sports bettors do this to minimize their short-term risk. But you can really apply this system to any casino game.
Here’s an example:- Your bankroll is $2,000.
- 2% of your bankroll is $40.
- You can place bets worth $40 or lower.
Pros of Betting 2% or Less of Your Bankroll
The biggest benefit to wagering 2% or less of your bankroll is that it keeps you in the game. You’re not risking chunks worth 5. 20% of your bankroll like most players.
This is helpful in any casino game from blackjack to Caribbean stud poker. But it’s especially useful in skill-based games like daily fantasy sports (DFS), poker, and sports betting.
The reason why is because skill-based games are prone to more streakiness than house-banked games. In these games, it’s common to experience long dry streaks that make you question if they’ll ever end.
The best way to get through them is by risking small amounts of your bankroll on each wager. Furthermore, you’ll dramatically lower your risk of ruin.
Cons of Betting 2% or Less of Your Bankroll
The first problem with this system is that most players don’t have a large enough bankroll to only wager 2% or less per bet. Under this system, you’ll need at least $1,000 in just to make a $20 wager (2%).
Professionals can afford to be disciplined like this because they have large bankrolls. But if you’re just a casual blackjack or craps player, you probably don’t walk into the casino with thousands of dollars.
Another downside is that some players find that this system doesn’t offer enough action. These same players may like varying their wagers from big to small depending upon how lucky they feel.
But, as long as you have a large enough bankroll, this system is definitely worth using.
2. The Martingale
The Martingale betting strategy has two things going for it:
- It’s easy.
- This system will theoretically provide a profit every time.
The Martingale calls on you to double bets after every loss. The goal is to always win back your losses and earn a small profit in the process.
You should also make even-money bets with the Martingale in order to simplify things and minimize your risk.
Here’s an example:
- You bet $10 and win (+10).
- You bet $10 and lose (0).
- You bet $20 and lose (- 20).
- You bet $40 and lose (- 60).
- You bet $80 and lose (- 140).
- You bet $160 and lose (- 300).
- You bet $320 and win (+20).
- Next bet returns to $10.
Pros of the Martingale
The Martingale’s best aspects include its ease of use and how it can theoretically be successful.
As long as you have the funds to continue doubling bets after losses, you’ll eventually win back your money. You’ll also book small profits along the way every time you win.
The Martingale is one of the best systems for those looking for consistent short-term profits.
Cons of the Martingale
The Martingale’s downside is that it’s an extremely risky strategy. You’ll be betting far more than your original wager after 5 to 6 losing wagers.
This can make you hesitant to pull the trigger on the next double bet. Even worse is that your bankroll will vanish if the losing streak continues.
Another problem is that casinos impose table limits to prevent wealthy gamblers from the using the Martingale to the fullest. Otherwise, Mark Zuckerberg ($56 billion net worth) would always win with the Martingale because his bankroll would likely never run out.
You’ll eventually run into a losing streak that’s long enough to hit the table limit. In this case, you take a big loss because you can no longer double wagers to win everything back.
3. The Martingale in Skill-Based Games
We just covered how the Martingale is a very risky betting strategy. What’s more is that this system doesn’t do anything to alter the house edge.
But what if you could combine the Martingale’s effectiveness with skill?
This betting strategy can be profitable in skill based games like DFS and sports betting. Not only can you win back your losses with the Martingale, but you can also swing the odds in your favor with enough skill.
Here’s an example of how this works in DFS:
- You lose a $10 + $1 (fee) head to head contest (- 11).
- You lose a $20 + $2 head to head contest (- 33).
- You lose a $40 + $4 head to head contest (- 77).
- You win an $80 + $8 head to head contest (- 5).
- You win a $10 + $1 head to head contest (+5).
The tough thing about DFS contests is that you have to pay an extra 10% entry fee to the sites. But as the above example shows, the Martingale strategy can still help you book a profit even if you lose the majority of contests.
Let’s look at one more example involving sports betting:
Gambling Money Terms Dictionary
- You lose an $11 bet (- 11).
- You lose a $22 bet (- 22).
- You lose a $44 bet (- 77).
- You lose an $88 bet (- 165).
- You win a $176 bet and earn a $160 profit (- 5).
- You win an $11 bet and earn a $10 profit (+5),
The drawback to sports betting is that the house takes 10% juice from the losing side. But the Martingale can still help you be profitable when you string together two or more wins.
Pros of Using the Martingale in Skill-Based Games
The great thing about using this system in skill-based contests is that you can overcome short-term variance by consistently winning back losses.
The sports betting example above shows how you can earn back your losses plus a small profit even after several losing wagers.
Another advantage is that you’re not just using the Martingale in a casino game with a house edge. Instead, you’re playing skill based games. Beau rivage biloxi casino hosts.
The end result is that you get the enviable combination of getting your losses back and having a chance to win long-term profits.
Cons of Using the Martingale in Skill-Based Games
You’re taking a risk on three fronts with this betting strategy:
- You might be at a skill disadvantage to opponents/other bettors.
- You’re still dealing with the Martingale risks.
- You must pay 10% fees (DFS) or 10% juice on losses (sports betting).
The first point is key because you could be facing an even worse proposition than house-banked casino games if you’re not better than opponents.
Add in the standard Martingale risks along with sportsbook/DFS fees, and non-skilled bettors are looking at a potential bankroll disaster.
4. Betting on Baccarat’s Banker Hand
Baccarat gives you three different betting options, including the banker hand, player hand, and tie bet. And the top system for playing baccarat involves making the banker bet every time.
The reason why is because the banker hand only has a 1.06% house edge. Compare this to the player hand and tie wager, which have 1.24% and 14.36% house edges, respectively.
Given that all you need to do is bet on the banker hand every time, baccarat is great for casual players who don’t want to deal with in-depth strategy.
Pros of Betting on the Banker Hand
The banker hand wager is one of the best in gaming. Only a handful of casino games offer a lower house edge than 1.06%.
The other advantage to wagering on the banker hand is that you don’t have to study strategy. Instead, you simply need to make the same bet every time.
Cons of Betting on the Banker Hand
The banker hand’s 1.06% house edge isn’t as harmless as it seems.
Mini baccarat games see anywhere from 120. 200 hands dealt per hour. This is 2. 3 times the hand rate that you’ll see in blackjack games and this exposes you more to the house edge.
Let’s look at the theoretical losses that you’d be facing in a fast-dealt baccarat game:
- You’re making $10 bets on the banker
- The table is seeing 200 hands per hour.
- This adds up to $2,000 in total hourly bets.
- We take 2,000 x 0.0106.
- Your theoretical losses are $21.20 per hour.
5. Value Betting
Value betting is the process of getting maximum value out of situations where you have a long-term advantage. This term is most often used in poker, but it can also describe how blackjack card counters operate.
Value betting requires being able to spot and take advantage of favorable situations.
One example is when a poker player believes they have the best hand and bets in a way that extracts maximum value from their opponent. Going further, their wagers need to be large enough to get the most value from the opposing player, yet small enough that the opponent won’t fold.
Another example involves how card counters keep track of the deck until the count swings in their favor. They then make larger bets to maximize situations where the deck is rich in 10s and aces.
Pros of Value Betting
Anybody who wants to make long-term profits through gambling can benefit from value betting. This is how poker pros and card counters earn their living.
In poker’s case, being good at value betting can separate you from opponents. Getting the most value out of your great hands will improve your profits in the long run.
Cons of Value Betting
The problem with this betting strategy is that it calls on you to have the following qualities:
- Being good at math.
- Being skilled in the game you’re playing.
- Being able to walk a fine line with betting.
Wagering too little prevents you from capitalizing on your best poker hands. Wagering too much pushes your opponents out of hands and keeps you from making money on future streets.
For card counters, betting too high in favorable situations can attract the casino’s attention. In turn, they’ll find out that you’re a card counter and ban you for life.
6. Taking Craps Odds
The best regular bets in craps include pass line, don’t pass line, come, and don’t come. But there’s another craps wager that’s even better than these called odds.
Craps odds is the best bet in the casino because it doesn’t have a house edge. Instead, you’re paid at your true odds of winning. And one of the top betting strategies that you can use includes continually backing regular bets with odds.
To place an odds wager, you need to first make a pass line or don’t pass line bet after a point has been established. You should also inform the dealer that you’re making an odds bet.
Here are the payouts for when you back a pass line bet with odds (a.k.a. taking odds):
- 2 to 1 on point numbers of 4 and 10.
- 3 to 2 on points of 5 and 9.
- 6 to 5 on points of 6 and 8.
Here are payouts for when you back a don’t pass line wager with odds (a.k.a. laying odds):
- 1 to 2 for points of 4 and 10.
- 2 to 3 for points of 5 and 9.
- 5 to 6 for points of 6 and 8.
Pros of Taking Craps Odds
Odds is the only bet where the casino doesn’t have a house edge. And what’s great is that you can reduce the house advantage to almost nothing by taking higher odds.
Here’s a look at how far the house edge is reduced based on the odds you take:
Odds | Pass Line/Come | Don’t Pass Line/Don’t Come |
---|---|---|
0x | 1.41% house edge | 1.36% house edge |
1x | 0.848% | 0.682% |
2x | 0.606% | 0.455% |
Full Double Odds | 0.572% | 0.431% |
3x | 0.471% | 0.341% |
3x 4x 5x | 0.374% | 0.273% |
5x | 0.326% | 0.227% |
10x | 0.184% | 0.124% |
20x | 0.099% | 0.065% |
100x | 0.021% | 0.014% |
Cons of Taking Craps Odds
Casinos cap the size of odds because they don’t make long term profits off these wagers. The highest most casinos go is 5x odds, while others don’t even allow this amount.
A few Las Vegas casinos offer anywhere from 10x to 100x odds. And this seems like a dream based on how higher odds reduce the house edge further.
But the problem is that most players don’t have the bankroll to continue taking the highest odds available. If you put $10 on pass line and take 20x odds, you need an additional $200.
The average gambler doesn’t have this kind of money for a single bet, even if there’s no house edge involved.
7. The Labouchere
The Labouchere (a.k.a. cancellation system) is a negative progression betting strategy like the Martingale. The main difference, though, is that it’s less risky.
You start this system by creating a unit size. And the simplest way to do this is by choosing the table’s minimum bet.
The next step involves deciding how many units you want to win during your session. After deciding this, you create a string of numbers that adds up to your desired unit win.
You then add the first and last number in the sequence to determine your bet.
You cross off both of these numbers after a win. And you add the combined number to the end of your string after a loss.
Here’s an example of the Labouchere in action:
- You want to win 18 units.
- Your number string is: 3, 4, 5, 3, 3.
- Your first bet is 6 units (3 + 3).
- You win and your new string is: 4, 5, 3.
- Your next bet is 7 units (4 + 3).
- You lose and your new string is: 4, 5, 3, 7.
Pros of the Labouchere
One good thing about the Labouchere is that it gives you more freedom than most betting systems. You decide your unit size, desired profit, and how to achieve this profit.
Another good aspect to the cancellation system is that it’s not as risky as systems like the Martingale. Rather than doubling your bet following every loss to win back losses, you’re merely wagering a certain amount of units.
Cons of the Labouchere
The biggest problem with this system is that you’re forced to make a series of big bets during a losing streak. Let’s look at how this works by going back to the number sequence in the first example:
Gambling Money Terms Explained
- Your number sequence is: 3, 4, 5, 3, 4.
- Your first bet is 7 units.
- You lose and your new string is: 3, 4, 5, 3, 4, 7.
- You lose a 10-unit bet and your new string is: 3, 4, 5, 3, 4, 7, 10.
This isn’t as bad as doubling your bets after every loss. But most players won’t feel comfortable wagering between 7 and 10 units for several bets in a row.
8. Making Even-Money Bets in French Roulette
Roulette offers three main variations, which are American roulette, European roulette, and French roulette. The best version is French roulette because it only has a 1.35% house edge.
French roulette is played on a European wheel (37 numbers). But the difference between European and French roulette is that the latter has the la partage rule.
La partage pays half your bet back on losing even-money wagers that land on zero. This effectively cuts the European roulette house edge (2.70%) in half as long as you stick with even-money bets.
Pros of Even-Money French Roulette Bets
The best aspects to making even-money bets with French roulette include the low house edge and excellent probability of winning.
As for the latter, you have a 48.64% chance of winning red/black, odd/even, and high/low. This is even better than your chances of winning a blackjack hand (42.22%) or baccarat hand (45.85%) when ties are accounted for.
The high probability of winning and the low house edge combine to create low volatility. And this is perfect for players with small bankrolls who want to last in casino games.
Cons of Even-Money French Roulette Bets
The biggest problem is that you can’t find French roulette in most land-based or online casinos.
Gambling Money Terms Definitions
France, Germany, and Monte Carlo offer a fair number of French roulette games. But the game is sparsely found in most other countries.
Any online casino with Microgaming or Realtime Gaming software will offer French roulette. Cryptologic (NYX Gaming) also has a European roulette variation that’s actually French roulette.
But beyond this, you’ll have a hard time even finding French roulette online.
9. Oscar’s Grind
Oscar’s Grind is another negative progression strategy in the same vein as the Martingale or Labouchere. But this one is more complicated.
You start off by betting 1 unit. And you keep your unit size the same when you’re in a winning or losing streak.
You increase your bet by 1 unit whenever you win following a loss. The bet size stays at this level until you lose, then win again.
The overall theme is to chase losses following losing streaks. Here’s an example to illustrate Oscar’s Grind:
- You bet 1 unit and lose – Bet stays the same (bankroll at. 1)
- You bet 1 unit and lose – Bet stays the same (bankroll at. 2)
- You bet 1 unit and lose – Bet stays the same (bankroll at. 3)
- You bet 1 unit and lose – Bet stays the same (bankroll at. 4)
- You bet 1 unit and win – Next bet becomes 2 units (bankroll at. 3)
- You bet 2 units and lose – Bet stays the same (bankroll at. 5)
- You bet 2 units and lose – Bet stays the same (bankroll at. 7)
- You bet 2 units and win – Next bet becomes 3 units (bankroll at. 5)
- You bet 3 units and win – Bet stays the same (bankroll at. 2).
- You bet 3 units and win – Next bet becomes 1 unit (bankroll at +1).
Once you book a profit following a losing streak, you start the process over again.
Pros of Oscar’s Grind
The good thing about Oscar’s Grind is that it allows you to chase losses without going overboard. You’re only increasing bets by 1 unit following a losing streak, which is less risky than both the Labouchere and Martingale.
The other benefit is that Oscar’s Grind is less likely to reach the table betting limit than the other two systems. This minimizes the problem of running into the table limit during a lengthy losing streak.
Cons of Oscar’s Grind
The first downside to Oscar’s Grind is that it’s more confusing than both the Labouchere and Martingale.
Examples help with learning Oscar’s Grind. But it’s not the easiest to start with if you’re new to betting strategies.
The other problem is that this system is also subject to risk and table limits if you use it over a long time period. The risk is minimized with Oscar’s Grind, but there’s still a small chance that you’ll run into a table limit.
10. No. 12 Seed vs. No. 5 Seed in March Madness
One of the worst kept secrets about March Madness betting is that No. 12 seeds are a good bet to beat No. 5 seeds.
The four No. 12 seeds in the NCAA Tournament usually face long odds to beat the No. 5 seeds. But they also have a high success rate when considering the disparity in rankings.
At least one No. 12 seed has beaten a No. 5 seed in the first round in 16 of the past 17 NCAA Tournaments. Over the past five years (2013 to 17), nine No. 12 seeds have triumphed in the first round.
Pros of Betting on No. 12 Seeds
You can win quite frequently by betting on No. 12 seeds to beat the spread.
Gambling Money Terms Definition
In the last nine March Madness events, No. 12 seeds have gone 23-12-1 against the spreads (ATS). This includes an impressive 11–4–1 ATS over the past five seasons.
These low seeded teams can also earn you big profits through straight up bets. No. 12 seeds have a decent chance of winning versus the long odds they carry.
Cons of Betting on No. 12 Seeds
The problem with betting on No. 12 seeds is that they lose a majority of the time.
This isn’t to say that you shouldn’t still bet on No. 12 seeds, because they’ve been profitable over a long time period. But you still need the handicapping skills to determine which No. 12 seeds have a chance of winning, or at least covering the spread.
One more drawback is that you only have four chances to make these bets every year. This leaves you with a very limited opportunity to take advantage of No. 12 seed bets.
Conclusion
Betting strategies should never be viewed as a way to make guaranteed profits and replace your day job. Casino milano poker. But some of them can be highly effective over the short run and spice up your gambling sessions.
The most reasonable strategies include betting less than 2% of your bankroll, wagering on the banker hand, taking craps odds, and making even-money bets in French roulette. These help you pull in consistent wins and limit the risk factor.
Riskier systems include the Martingale, Labouchere, and Oscar’s Grind. The latter is the safest of these betting systems because you don’t increase your bet as much following losses.
You can also make long-term profits with betting strategies if you’re skilled enough. These strategies include value betting, using the Martingale in skill based games, and wagering on No. 12 seeds in March Madness.
As you can see, there are a variety of working systems that cater to different interests. And wagering strategies can also make gambling more exciting.