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A gambling den is an illegal or unlicensed place where people gather to gamble, typically without following official regulations. These locations often offer games such as card games, dice games, or betting on various events. Unlike casinos, which are legally regulated and monitored, gambling dens operate in secrecy to avoid law enforcement. The atmosphere in a gambling den can be tense, as players may bet large amounts of money, and the risks of cheating or fraud are higher. Gambling dens are often hidden in private homes, backrooms of businesses, or other secluded areas.

A numbers game is an illegal form of gambling where players bet on the outcome of a randomly selected number. It became popular in the United States in the early 20th century, particularly in urban areas. In this game, a "bookmaker" or operator selects a number, often based on a daily drawing or random event, and players bet on what they think the number will be. If they guess correctly, they win money based on the odds. The numbers game is typically unregulated and is often associated with organized crime and illegal gambling networks.

A one-armed bandit is a slang term for a slot machine, a popular gambling device found in casinos and other entertainment venues. The name comes from the machine’s lever, which players would pull with one arm to start the game, while "bandit" refers to the way the machine takes money from players. Slot machines feature a set of spinning reels with various symbols, and players win by matching these symbols in specific patterns. Over time, most slot machines have become electronic, with buttons replacing the lever, but the term "one-armed bandit" remains widely used.

A premium bond is a type of investment offered by certain government institutions, where instead of earning regular interest, bondholders are entered into a prize draw for a chance to win tax-free prizes. In the United Kingdom, for example, Premium Bonds are issued by the government through National Savings and Investments (NS&I). People who buy these bonds do not receive interest payments, but each bond has a chance to win prizes, ranging from small amounts to large jackpots. The main appeal is the potential for winning prizes, though the money invested is fully refundable at any time without losing its value.

A scratchcard is a type of lottery ticket that offers players the chance to win money or prizes. The card has hidden symbols or numbers covered by a thin, opaque coating that can be scratched off using a coin or fingernail. Players reveal these symbols and compare them to the winning combinations listed on the card. If the revealed symbols match the winning ones, the player wins the corresponding prize. Scratchcards are widely available in many countries and are popular for their simplicity and instant results, as players know if they have won immediately after scratching.

A sweepstakes is a type of contest or lottery where participants can win prizes, often without having to make a purchase. Entries are usually made by submitting a form or by completing a specific action, such as signing up online or entering a code from a product. The winners are chosen at random, and the prizes can range from small items to large sums of money or expensive goods. Sweepstakes are popular as a promotional tool for businesses to attract customers or increase brand awareness, and they are typically regulated by local laws to ensure fairness and transparency.

A toss-up is a situation in which the outcome is uncertain and could go either way. It is often used to describe a decision or event where the chances of one result happening are just as likely as another. The term comes from the act of tossing a coin, where both sides have an equal chance of landing face up. In casual conversation, a toss-up may refer to anything where there is no clear favorite or winner, such as a close contest, decision, or prediction. It emphasizes that the result is equally balanced and unpredictable.

"Double or quits" is a gambling term where a person risks their current winnings in an attempt to double them, with the possibility of losing everything if they fail. In this scenario, the player has the option to bet their winnings on another round or event, aiming to either double their money or lose it all. This type of bet often adds excitement but also increases the risk. The term can also be used informally to describe any situation where someone decides to take a risky chance with the possibility of a big reward or complete loss.

An each-way is a bet is placed in two parts: one part to win and the other part to place, used primarily in horse racing. The "win" part of the bet is for the horse to come in first, while the "place" part is for the horse to finish in one of the top positions, such as second or third, depending on the rules of the event. If the horse wins, both parts of the bet pay out, but if it only places, the "place" part of the bet still pays out at lower odds. This betting method reduces the risk of losing the entire bet, offering a chance for a smaller payout even if the horse does not win.

Even money is a term used in gambling to describe a bet where the potential payout is equal to the amount wagered. In other words, if a player bets a certain amount and wins, they will receive that same amount in return, along with their original wager. This means the odds are 1:1, and the player has an equal chance of winning or losing the bet. Even money bets are common in many types of gambling, such as blackjack, where a player can bet on outcomes like a coin toss or betting on a team to win, with the payout being the same as the initial wager.

Long odds refer to a betting situation where the likelihood of a particular outcome happening is low, meaning the potential payout is high. When a bet has long odds, it means the event is considered unlikely to occur, but if it does, the bettor will win a significant amount of money. For example, in sports betting, a team that is heavily favored to lose will have long odds, offering a larger payout if they unexpectedly win. While long odds can be tempting because of the large potential rewards, they also carry a higher level of risk.

Short odds refer to a betting situation where the likelihood of a particular outcome happening is high, meaning the potential payout is low. When a bet has short odds, it means the event is considered very likely to occur, and as a result, the winnings are relatively small. For example, in sports betting, a team that is favored to win will have short odds, offering a smaller payout for a successful bet. Short odds are less risky but also provide lower rewards compared to long odds.

Spread betting is a form of betting where the bettor wagers on the outcome of an event, but instead of choosing a specific result, they bet on whether the actual outcome will be higher or lower than a set "spread" or range. For example, in sports, a bookmaker might set a spread for a game, such as a team to win by 5 to 10 points. The bettor can then bet on whether the team will win by more or fewer points than the spread. Spread betting allows for greater flexibility and can result in larger wins or losses, depending on how much the actual result differs from the spread.

A place bet is a type of wager commonly used in horse racing, where the bettor bets on a horse to finish in one of the top positions, typically first or second. Unlike a win bet, where the horse must finish in first place to win, a place bet allows for more flexibility, as the bettor can still win if the horse finishes in second place. The payout for a place bet is usually lower than for a win bet, as the likelihood of winning is higher. The rules for place bets can vary slightly depending on the specific event or track.

A bookie, short for bookmaker, is a person or organization that accepts and manages bets on various events, such as sports games, horse races, or other outcomes. The bookie sets the odds for these bets and collects wagers from bettors, taking a commission or a percentage of the total bets placed. In return, the bookie pays out winnings to bettors who successfully predicted the outcome of the event. Bookies can operate legally in regulated markets, but they may also run illegal betting operations in areas where gambling is prohibited or unregulated.

A card sharp is a person who uses skill, deception, or cheating to win at card games. Often, this term refers to someone who has learned tricks or techniques to manipulate the outcome of a game, giving them an unfair advantage over other players. Card sharps may use sleight of hand, marked cards, or other dishonest methods to cheat. The term is typically used in a negative sense, as it implies dishonesty and trickery in games that are meant to be based on skill or chance.

A croupier is a person who manages and oversees the operations at a casino table, such as in games like roulette, blackjack, or poker. The croupier is responsible for dealing cards, spinning the roulette wheel, handling bets, and ensuring that the game runs smoothly and fairly. They also collect losing bets and pay out winnings to the players. The croupier is often seen as the face of the casino game, maintaining order and ensuring that the rules are followed during play. Their role is crucial in creating an organized and efficient gaming environment.

A high roller is a person who regularly places large bets or wagers, typically at casinos. The term is believed to come from the practice of rolling dice, where "high" referred to rolling the highest possible numbers, implying a person who was willing to take big risks. These individuals are known for their readiness to gamble large amounts of money, often in games like blackjack, poker, or roulette. High rollers often receive special treatment from casinos, such as luxurious accommodations, exclusive services, or personal attention, in recognition of the significant sums they wager. The term suggests a level of wealth and influence, with high rollers seen as important clients in the gambling industry.

Starting price (SP) is the odds at which a horse or other participant in a race is offered to bettors just before the race begins. These odds are determined by the betting market, based on the amount of money wagered on each contender. The starting price is used in some betting systems to settle bets if the odds were not available at the time the wager was placed. It reflects the collective opinion of the betting public about the chances of each participant, and it can change up to the start of the race as more money is wagered.

Five card Charlie is a rule in some card games, particularly blackjack, where a player automatically wins if they are dealt five cards without going over a total of 21. This rule is often used to add an extra level of excitement to the game. Even if the player does not have the best hand in terms of card values, the five-card combination is enough to win the round.

A hard hand in blackjack refers to a hand that does not contain an Ace, or contains an Ace that is counted as 1 rather than 11. For example, a hand with a 7 and a 9 is a hard 16. Unlike a soft hand, where the Ace can be counted as either 1 or 11, a hard hand has less flexibility in how it can be played. This makes it more challenging, as the total value of the hand is fixed and cannot be adjusted by the value of the Ace. A hard hand is often considered riskier to play, especially when the total is close to 21.

A pull tab is a type of instant-win game, often found in lotteries or as part of a promotional event. It consists of a ticket with hidden symbols or numbers, which are revealed by pulling back a tab or scratching off a cover. The player then checks if the revealed symbols or numbers match a winning combination. Pull tabs are similar to scratchcards but typically involve physically pulling a tab to reveal the outcome. These games are quick and simple, offering the possibility of an immediate payout based on the revealed results.

Pachinko is a popular Japanese game that combines elements of pinball and slot machines. Players load small steel balls into a machine and launch them into a vertical playing field, where they bounce off pins and obstacles before landing in pockets. If the balls land in certain pockets or hit specific targets, the player wins more balls. These balls can then be exchanged for prizes, or in some cases, for cash. Pachinko is often played in large arcades and is a common form of entertainment in Japan, blending luck with a bit of skill.

A claw machine, also known as a crane game, is a type of arcade game where players use a joystick to control a mechanical claw that is used to grab prizes, usually stuffed animals or toys, inside a glass container. The goal is to move the claw over a desired prize and then lower it to try to pick it up and drop it into a slot. The player usually has a limited amount of time or tries to grab the prize, making it a game of skill and precision. The claw machine is commonly found in arcades, malls, and entertainment centers.