Before learning the casino betting terms, you must be able to know first what betting is and how it is related to gaming. We all know that the gambling industry is a recession proof industry and a lucrative organization. This is how the casinos survive, without casinos; there was no gambling except sports betting which is totally different from gambling in a casino.
Here are some betting terms that you should know once you start gambling:
1)Across the board – a bet of equal stakes on each outcome.
2)Blind Bet – A bet made by a racetrack bookmaker to draw other bookmakers’ attention away from his sizeable betting on another horse- and thus to avoid a shortening of the odds on the other horse.
3)Dead Heat – Where two or more competitors finish tied. For non-pari-mutuel betting purposes in a dead heat, full odds are paid to half the stake (one third if a triple dead heat, etc.)
4)Hedging – A bet made by a cautious bookie on a horse on which he has accepted large bets – in order to cut his losses if the horse wins.
5)Rounder – A bet consisting of 3 bets involving three selections in different events.
6)Doubling-up -The basis of some widely used systems. After a loss the player doubles the size of his previous bet hoping to win back the money lost and make a profit. Also known as a Martingale system.