Grand Unification Theory

Thoughts and Ramblings in this Twenty-First Century Broken World

Tuesday, August 28, 2007

Gambling Terms


As I was looking around the website for Seneca Allegany Casino where it look slike I will be going to this weekend for a nice overnight trip, I ran accross this nice list of gambling terms I wish to share with anyone out there who wants to learn more about casino gambling:

Action – The amount of money wagered by a player during the playing session.
Ante – The initial bet before you receive your cards in Stud Poker.
Banker – In card games, the dealer. In some card games, each player becomes a banker.
Bet – To wager.
Betting Limits – The minimum and maximum amounts of money that a player can wager on one bet in a table game. You cannot wager less than the minimum or more than the maximum amount posted.
Blackjack – Table game where a winning hand must be higher than the dealer’s without going over 21.
Buy-In – Converting cash into chips.
Caribbean Stud Poker – The challenge of Poker with an easier-to-play format, plus the first-ever progressive play jackpot offered at a table game!
Chips – Round tokens used in gaming in lieu of cash. They are purchased at the gaming tables and exchanged at the cashier’s booth or cage.
Color Up – When a player exchanges smaller denomination chips for larger denomination chips.
Comps – Complimentary gifts given by the Casino rewarding people for gaming loyalty. Typical comps can include complimentary meals, beverages or promotional items.
Deal – To give out the cards during a table game.
Doubling Down – A betting option in Blackjack where the player’s opening two-card hand is dealt 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, the player wins twice the amount of their original wager.
Even Money Bet – A bet that pays back the same amount that you wagered, plus your original wager.
Hand – Refers to the cards that you hold.
Hit – In Blackjack, to take another card.
House – The casino or gambling facility.
Inside Bets – A Roulette bet placed on any number, or small combination of numbers.
Insurance – In Blackjack, a side bet that the dealer has a natural. Insurance is offered only when the dealer’s up card is an ace. The insurance bet wins double if the dealer has a natural, but loses if the dealer does not.
Jackpot – A big win on a slot machine.
Jacks or Better – In some video Poker games, when you get a pair of Jacks or a higher ranking, you win. You don’t win anything on a pair of tens or lower.
Natural – In Blackjack, a natural is a two-card hand of 21 points. In Baccarat a natural is a two-card total of eight or nine.
Odds – Ratio of probabilities. The fraction by which the casino offers to multiply a bettor’s stake.
Outside Bets – Roulette bets located on the outside part of the layout. They involve betting 12 or 18 numbers (such as red or black) with one chip.
Payback Percentage – The percent of each dollar played in a slot machine that the machine is programmed to return to the player. Payback percentage is 100 percent minus the house edge.
Payline – The line on a slot machine window on which the symbols from each reel must line up. Slot machines can have as many as 20 paylines, although most have only one.
Payout Table – A posting somewhere on the front of a slot or video Poker machine that tells you what each winning hand will pay for the number of coins played.
Pit – An area of a casino in which a group of table games are arranged. The center area is restricted to dealers and other casino personnel.
Progressive – A slot machine whose potential jackpot increases with each coin that is played.
Push – A round of play where neither the player nor the dealer wins.
Reel-Spinning Slot Machines – These traditional slot machines are operated by pushing a button or pulling a handle to initiate individually spinning “reels.” Seneca Allegany Casino and Seneca Niagara Casino & Hotel have the only reel-spinning slot machines in New York State.
Roulette – Game where bets are placed on numbers (1-36) or combinations of numbers.
Shoe – Device used for holding and dispensing playing cards to be dealt.
Suit – Any one of the four types of cards: clubs, diamonds, hearts or spades.
Video Slot Machines – These popular machines are operated by pushing a button, pulling a handle, or touching a monitor screen to initiate computerized “action.” Video slot machines often feature a variety of animation and special effects, including exciting bonus board screens.
Wager – Any bet.
Wild Card – A joker or other card that can be used as any other card to complete your hand in card games.

2 Comments:

  • At 1:02 PM, Blogger Unknown said…

    Cheese: What Diana requires while playing poker. ;)

     
  • At 9:13 AM, Blogger Mando Mama said…

    But, not swiss.

    Shannon, thank you for supporting the Seneca tribe. During one visit we hung out with two of the three sisters (from the cafe in town) who told us that they indeed put the money toward day care, elder care, and other social services. And all this time I thought it was some kinda racket. Who woo-woo knew!

    Hope you're having fuN!

     

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