Glossary

A betting system, often called pools, where players compete against each other rather than a bookmaker, with winnings distributed among the winners.

Combining winnings from one bet into the next, wagering on multiple games where all selections must win for the bet to succeed.

A multiple bet involving three selections, consisting of seven equal bets: three singles, three doubles, and one treble.

A designated line of symbols on a slot reel that triggers a payout when a winning combination lands, ranging from three to 100 lines, either straight across reels or in patterns like vertical or zigzag.

The amount a player receives from a winning bet.

The expected portion of each bet returned to players over time, always below 100%. For instance, a 96% payout means $0.96 returned per $1 wagered, with the casino keeping $0.04 as its edge.

The proportion of wagered money a bookmaker pays out as winnings, relative to total bets placed.

A type of parimutuel bet where you must pick the winners of six consecutive races. It usually offers large payouts if no one wins, and the prize rolls over.

Selections made for placing bets.

A single wager equivalent to a six-fold accumulator, typically used in racing.

Conditions set by an online casino for bonuses, requiring players to wager a specific amount or number of bets before withdrawing bonus-related winnings.

The term used in Australia and New Zealand for slot machines.

A handicap assigned to the underdog to balance betting odds against the favored team.

A family of card games where players bet on the strength of their hands, ranked by specific game rules, with popular variants like Texas Hold’em and Caribbean Stud Poker.

A player’s turn order in a betting round, with early position acting first and late position acting after others.

A game structure where the maximum bet per round equals the current size of the pot.

To place a significantly larger wager than usual.

To roll over winnings from a previous bet into the current one.

The odds or point spread offered for a bet.

A prize pool that increases over time, often connected across multiple machines, growing until won and then resetting to a base amount.