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Games - Gambling Terms

Here you will learn some English words related to gambling terms such as "draw", "stake", and "betting shop".

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Words Related to Games
betting shop

a physical or online location where people can place bets on various sporting events and other types of competitions, with odds determined by the bookmaker

Ex: I stopped by the betting shop to place a bet on the horse race this afternoon. 
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casino
casino
[noun]

a place where people play and bet their money on gambling games

Ex: The casino was filled with the sounds of slot machines and excited players. 
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to draw
to draw
[Verb]

to finish a game without any winning sides

Ex: Neither team could secure a victory, and the game was drawn at the end of regulation time. 
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gambling
gambling
[noun]

the action or activity of betting on uncertain outcomes or playing games of chance, hoping to win money or prizes

Ex: Gambling can be addictive, leading to financial troubles and emotional distress for many individuals. 
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gambling den

a place where gambling activities are conducted illegally or secretly

Ex: The police raided a gambling den hidden behind a local bar. 
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gaming
gaming
[noun]

the act of playing for stakes in the hope of winning, involves the payment of a price or consideration for the opportunity to win a prize or reward, which may include money, goods, or other valuable items

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numbers game

a form of illegal gambling that involves the selection of a series of numbers, often based on a publicly available source such as a lottery or race

Ex: The police busted the operation that was running an illegal numbers game in the neighborhood. 
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one-armed bandit

a gambling machine with a lever on the side that players pull after inserting coins in order to spin the reels

Ex: The casino was filled with flashing lights and the sound of one-armed bandits. 
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pit
pit
[noun]

a designated area within a casino or other gambling establishment where various table games, such as blackjack, craps, and roulette, are located

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premium bond

a type of savings bond issued by the government, in which the bondholder is entered into a monthly lottery drawing for the chance to win a tax-free cash prize, with the prize amounts ranging from small sums to much larger jackpots

Ex: I bought some premium bonds last month, hoping to win a big prize. 
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roll
roll
[noun]

the action of throwing dice in a game

Ex: He got a six on his roll. 
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scratchcard

a small card made of paper or cardstock that features concealed areas or panels that can be scratched off to reveal a prize or other information

Ex: I bought a scratchcard at the store and won a small prize. 
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sweepstakes

a type of contest or promotion in which entrants are selected at random to win a prize or prizes, often without any purchase or payment required to enter

Ex: I entered a sweepstakes to win a vacation to Hawaii. 
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ticket
ticket
[noun]

a physical or electronic document that represents the purchase of a chance to win a prize or participate in a game

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toss-up
toss-up
[noun]

an unclear situation that either of two possibilities have an equal chance of happening

Ex: It’s a toss-up whether we should go to the beach or stay home today. 
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to call
to call
[Verb]

to predict which side of a coin will face upwards after it is tossed

Ex: He called heads and was thrilled when the coin landed on that side. 
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double or quits

a phrase that is often used in gambling to describe a bet in which the player has the option to double their winnings or lose everything, depending on the outcome of a subsequent event

Ex: After winning a small amount at the casino, he decided to go double or quits and risk it all on the next game. 
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each-way
each-way
[noun]

a type of wager where two equal bets are placed on the same selection, one for the selection to win and the other for the selection to place

Ex: I placed an each-way bet on the horse, so if it finishes in the top three, I’ll win something. 
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even money

(gambling) a bet or wager that pays out at a 1:1 ratio, or in other words, a bet in which the potential payout is equal to the amount of the original wager

Ex: The casino offered me even money on a blackjack hand, so I decided to take the risk. 
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long odds
long odds
[noun]

bets or wagers with a relatively low chance of winning, but with the potential for a large payout if successful

Ex: With long odds, no one expected the underdog to win the championship. 
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short odds

referring to the likelihood of a particular event occurring, with a high probability of success or a low degree of uncertainty

Ex: The favorite team has short odds to win the championship this year, so the payout for betting on them is not very high. 
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odds
odds
[noun]

the ratio by which one bettor's wager is greater or smaller than another's

Ex: The odds for the horse were 5 to 1. 
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spread betting

a type of gambling in which bettors place wagers on the outcome of an event based on a range of possible outcomes, with payouts determined by the accuracy of the bettor's prediction relative to the spread or range of outcomes set by the bookmaker

Ex: He made a spread betting wager on the football match, guessing the team would win by more than 10 points. 
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the tote
the tote
[noun]

a pool betting system, in which all bets are pooled together, and the total amount is then divided among the winners, minus a commission taken by the bookmaker

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to the bad
to the bad
[phrase]

a gambling term used to describe a situation where a player has lost all of their money that they had intended to gamble with, and is now in a negative financial position as a result

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flutter
flutter
[noun]

a casual or impulsive bet, often made on a whim or without much forethought

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high-stakes
high-stakes
[Adjective]

describing a situation where a large amount of money or other valuable assets are at risk, often in the context of gambling or other forms of high-risk activity

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wager
wager
[noun]

a bet or a monetary stake placed on the outcome of an event

Ex: He placed a wager on his favorite team to win the match. 
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to bet
to bet
[Verb]

to risk money on the result of a coming event by trying to predict it

Ex: Friends often bet on sports events to make watching more exciting. 
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stake
stake
[noun]

money risked in gambling

Ex: He placed a large stake on the roulette table. 
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to back
to back
[Verb]

to place a bet on a particular outcome or event to occur

Ex: He decided to back the underdog in the race, hoping for a big payout. 
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to put on
to put on
[Verb]

to place a bet on a particular outcome or event

Ex: He put on $50 that the home team would win. 
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place bet
place bet
[noun]

a bet on a particular horse or team to finish in either first or second place, depending on the terms of the bet

Ex: If you’re unsure about who will win, a place bet is a safer option. 
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flip
flip
[noun]

the act of flipping a coin to determine the outcome of a bet or wager

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to parlay
to parlay
[Verb]

to combine multiple individual bets into one larger bet, with the potential for a higher payout if all of the individual bets are successful

Ex: I wanted to parlay my $20 win into an even bigger payout with another bet. 
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bookie
bookie
[noun]

a person or organization that accepts bets on the outcome of sporting events, horse races, or other types of gambling activities

Ex: I went to the bookie to place a bet on the big football game. 
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card sharp

a person who is highly skilled at manipulating playing cards for their own financial gain, often through cheating or deception

Ex: The casino caught a card sharp using sleight of hand to cheat at poker. 
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croupier
croupier
[noun]

a person who works in a casino or other gambling establishment, responsible for dealing cards, managing bets, and facilitating the game for players

Ex: The croupier dealt the cards with precision, making sure everyone had a fair chance. 
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gambler
gambler
[noun]

a person who participates in games of chance or bets on uncertain outcomes, often with the aim of winning money or other prizes

Ex: The gambler spent hours at the poker table hoping to win big. 
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high roller

a person who bets on very large sums of money in casinos

Ex: The renowned high roller placed a million-dollar bet on the roulette table, drawing a crowd of onlookers. 
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smart money

bets or wagers made by experienced or professional bettors who have a reputation for making successful bets due to their access to insider information, advanced statistical models, or other tools and resources

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starting price

the odds or price at which a horse or other competitor is valued at the start of a race or event, as determined by the bookmaker or betting exchange

Ex: The horse was a favorite at the starting price, but it finished in fourth place. 
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winnings
winnings
[noun]

the amount of money or other valuable asset that a player or bettor receives as a result of a successful bet or wager

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banker
banker
[noun]

the participant responsible for managing the bank, funds, or stakes in a gambling game

Ex: In roulette, the banker handles the bets and payouts. 
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five card Charlie

a blackjack rule where if a player is dealt five cards without busting, they automatically win the hand, regardless of the dealer's hand

Ex: I managed to get a five card Charlie in blackjack and won the round instantly. 
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hard hand
hard hand
[noun]

a hand in blackjack that does not contain an Ace or contains an Ace that can only be counted as 1, making it inflexible in its value

Ex: I got a hard hand of 12, so I wasn't sure if I should hit or stay. 
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pull tab
pull tab
[noun]

a type of instant win game or gambling ticket, typically made of paper, with concealed windows that can be opened to reveal if the player has won a prize

Ex: I bought a pull tab at the gas station, hoping for a quick win. 
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pachinko
pachinko
[noun]

a type of mechanical arcade game and gambling device that originated in Japan, in which players shoot small metal balls into a vertical playing field filled with pins, bumpers, and other obstacles

Ex: I spent the afternoon playing pachinko at the arcade with my friends. 
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claw machine

an arcade machine that has a claw-like device used to grab prizes inside the machine and drop them into a chute for players to win

Ex: I spent most of my allowance at the arcade trying to win a stuffed bear from the claw machine. 
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