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Glossary & Terms on Gambling Fun and Vacations

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Bait

Definition:
A small bet that motivates someone to bet an even higher amount.

Fold

Definition:
To fold means you no longer wish to be in the game.

Assigned Better

Definition:
The person who makes the first bet.

Drawings

Definition:
The random selection of winning numbers.

Microprocessor Machine

Definition:
The most recent, high tech slot machines that are computerized and offer computer print outs as prizes which can be redeemed for cash.

Deuce

Definition:
A two in a card deck.

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Gambling News

The Jackpot Factory Raises Money For Charity

Chairman And Presidential Suites Tower At The Bellagio

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Gambling FAQs 

When Operating A Winner-Take-All Game At Bingo, Why Can't An Organization Round Up Or Down To The Next Nearest Dollar?

Good Will payments are allowed at bingo as promotional good faith gestures when a winner has been inadvertently overlooked or some other error has resulted in the likelihood that a person entitled to bingo prize money would otherwise not be rewarded. Such payments are not viewed as prize payouts, which could conceivably exceed the statutory prize limits. They are viewed as promotional expenses which should be reflected as such on the front of an organization's Ten Day Bingo Report return, under the Expense section, line 3, "Other expenses"
 Gambling Topics

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 Daily Term

Hold

Definition:The casino's profit; a small percentage of winnings held behind.

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