A Chinese auction is a type of auction (actually a combination of auction and raffle) that is typically featured at charity or other fundraising events.In a Chinese auction, bidders are not prospective buyers (as in the conventional English auction). Instead, they buy tickets, which are essentially chances to win items. Bidders may [...]

Boxcars is the outcome of rolling the dice in a game of craps and getting a 6 on each die. The pair of 6 pips resembles a pair of box cars on a freight train. In modern parlance, it refers to such a roll in any game involving 6 sided dice which are [...]

Betting odds slang is a series of words used to describe particular common fractional odds.

Evens - Levels, Scotch
2/1 - Bottle
3/1 - Carpet, Gimmel
4/1 - Rouf
5/1 - Hand
5/2 - Face
6/1 - X’s
7/1 - Nevs
8/1 - T.H.
9/1 - Enin
10/1 - Cockle, Net
11/10 - Tips
33/1 - Double Carpet
100/30 - Burlington Bertie

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When someone with limited experience achieves better than expected results it is referred to as beginner’s luck. The term is most often used in reference to a first attempt in sport or gambling. For example, if Mike beats veteran golf player Joe in his first game, Joe might attribute this to beginner’s [...]

Availability error, related to the gambler’s fallacy, is the distortion of one’s perceptions of reality due to the tendency to remember one alternative outcome of a situation much more easily than another.For example, if surrounded by slot machines people are more likely to continue feeding money into their machine, because they [...]

Advantage player is a term used to describe a person who has the ability to play a casino gambling game so skillfully that even without cheating, that person can negate or reverse the casino’s typical built-in house advantage in that game. Examples of advantage play include card counting in blackjack and [...]