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Glossary & Terms on Gambling Fun and Vacations
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Tie
Definition:
Two or more hands that of equal winning value, therefore the prize is split.
Buck
Definition:
A $100 bet.
Keno
Definition:
A lotto game in which a set of numbers (typically 20) is selected from a large field of numbers (typically 80). Players select a smaller set of numbers (up to 10) and are awarded prizes based on how many of their numbers match those in the drawn set. Players have discretion over how many numbers to select, and can choose to play for a small prize with good odds (by selecting a small set of numbers such as three), a large prize with much greater odds (by selecting a large set of numbers such as 10) or combinations in between. In casinos, and with several lotteries, keno is played at frequent intervals, with drawings as close together as every five minutes. With other lotteries, keno is played as a daily or weekly game. Among the government lotteries offering keno are Massachusetts and Michigan.
Hold
Definition:
The casino's profit; a small percentage of winnings held behind.
Corner Bet
Definition:
A wager on four different numbers at the same time. Payout is 8:1
Drop
Definition:
Another term for Folding.
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