Casino Glossary

• Outstanding in your Field

  Craps

  A bet that the next roll will be a 12.

• Overcard

  Poker

  A card higher that the cards on the board.

• Off-suit

  Poker

  Cards of different suits. In hold'em usually refers to a player's hole cards.

• Odds Bets

  Craps

  After a point has been established, an amount can be wagered on the pass and don't pass bets. After a come or don't come bet is made, odds bets can be placed on them too.

• Odds

  Casino

  

  The ratio of the chances of winning versus those of losing. The odds of rolling a 7 on two dice are 1 to 6 (6 out of 36 outcomes); an alternate phrasing is 6 to 1 against. Odds against reflect the likelihood that a particular event will not happen. In gambling, Odds against means a bet where you will receive a return of more than double your stake. The profit on the bet will be more than your stake.

  In any event, every outcome has a chance or likelihood of taking place. Odds are simply an interpretation of those chances. In gambling, odds represent the ratio between the amounts staked by the bookmaker and the player to bet. The bookmakers form odds or prices to reflect those chances. Most online bookmakers give you the option of which type of odds you want to use. Odds of 6 to 1 mean the bookmaker stakes six times the amount that the player does. Gambling odds of '6 to 1' mean that there are six possible outcomes in which the event will not take place to every one where it will. In other words, the probability that the event will not happen is six times the probability that it will.

  If you would like to place some bets now, please see the list of casinos that also have Sportsbooks.

  Examples:

  The bookmakers offer 15:1 on this team winning the game.

  Can you explain betting odds to me, please?

• Overpair

  Poker

  A pair higher in rank than the highest card on the board.

• Orphans

  Roulette

  Eight numbers on the two sections of the wheel (17, 34, 6, and 1, 20, 14, 31, 9) between the Voisins du zero and tiers du cylindre sections. Also a five-chip bet on those numbers: straight up on the 1, and split bets on 6 and 9, 14 and 17, 17 and 20, and 31 and 34.

• Onesies

  Slots

  A term for a slot player who bets the minimum on each spin, foregoing the chance to win the biggest jackpots.

• Outside Bets

  Roulette

  A bet on the outside part of the layout. The odds range from 1 to 1 to 3 to 1 as the player is betting on a lot of numbers, such as black, even or 1-18.

• One Roll Bets

  Craps

  A bet that wins or loses on the next roll.