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Gambling Dictionary


A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

P

Paint - A Jack, Queen or King.
Pair - Any two cards that have the same rank. Generally, pairs can be split and played as two hands.
Palette - The flat paddle used on the Baccarat table to scoop the cards.
Paper - Marked cards.
Paralay - A bet on two or more propositions.
Parley - Keeping one's winnings in action
Pass - Definition 1: To not bet, to fold. Definition 2: A winning situation for the right bettors in Craps.
Pass Line - The area where a Pass Line Bet is placed.
Pass Line Bet - A wager made prior to the Come Out roll that a point will repeat.
Past Performance - Prior events are studied in order to help determine the outcome of a future contest.
Past Post - A devious attempt to bet during or after an event has taken place.
Pat - In blackjack, an unbusted hand worth at least 17 points. In draw poker, a hand that does not need any more hands.
Pay Cycle - A theoretical expression that reflects the number of plays required for the machine to cycle through all possible winning and non-winning combinations.
Pay Line - The line on a slot machine window on which the symbols from each reel must line up.
Pay Off - Calling a bet with little expectation of winning.
Payback Percentage - The percent of each dollar played in a video or slot machine that the machine is programmed to return to the player. Payback percentage is 100 percent minus the house edge.
Payoff Schedule - A posting somewhere on the front of a slot or video poker machine, that tells the player what each winning hand will pay for the number of coins or credits played.
Payout Percentage - The percent of each dollar played in a video or slot machine that the machine is programmed to return to the player. Payout percentage is 100 percent minus the house edge.
Payout Table - A posting somewhere on the front of a slot or video poker machine, that tells the player what each winning hand will pay for the number of coins or credits played.
Pick`em Game - A dead even game giving both sides an equal chance.
Pigeon - An uneducated, naive, or unsophisticated gambler.
Pit - The area inside a cluster of gaming tables, where the center is restricted to dealers and other casino staff.
Pit Boss - A casino employee who is in charge of all the tables in a particular area.
Place Bet - The place numbers are 4, 5, 6, 8, 9 and 10. The place bet is a wager that either one or more of the place numbers will come up before a seven in Craps.
Player - A person gambling at a casino.
Player Position - Eight player positions on each side of the standard craps table, numbered 1 through eight moving from the stickperson to the dealer.
Plug - A card shuffling technique.
Pocket Cards - Playing cards that are dealt face down during a Poker game.
Point - In craps, dice term for the number rolled on the Come Out Roll if a 4, 5, 6, 8, 9, or 10 are rolled. The point has to be repeated before a seven rolls for the Pass Line bets to win.
Point Numbers - The numbers 4, 5, 6, 8, 9 and 10 established on the Come Out roll in Craps.
Point Spread - The listed odds or points offered on a game.
Pot - In a poker game, the amount of money that accumulates in the middle of the table as each player antes, bets, and raises. The pot goes to the winner of the hand.
Press - Increasing a bet by double.
Press Bet - A wager twice the size of a person's usual wager.
Pressing - A player is pressing the bet when he/she lets winnings ride by wagering them along with the original bet.
Price Line - The listed odds or points offered on a game.
Probability - A branch of mathematics that measures the likelihood that an event will occur. Probabilities are expressed as numbers between 0 and 1. The probability of an impossible event is 0, while an event that is certain to occur has a probability of 1.
Progressive Slots - Slots that allow the player to increase the potential jackpot each time a new coin is inserted for play. When the progressive jackpot finally hits, the amount resets to the starting number.
Proposition Bet - Dice bets on number combinations.
Punter - A casino player.
Push - A tie or standoff when the dealer and the player have the same total. No one wins and no money changes hands.


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