Gambling terms, explained straight

A–Z index

Gambling terms beginning with I

14 terms under I, each with a one-line summary. Follow a term for the full explanation.

I won the lottery meaning Lottery & bingo
To say 'I won the lottery' means a person has been awarded a prize in a lottery after a random draw or other chance-based selection.
Icm meaning Poker
The Independent Chip Model (ICM) is a formula that works out how much a player's chips are worth in real money during a poker tournament, based on …
Icm poker Poker
ICM poker stands for the Independent Chip Model, a mathematical model that estimates each player's expected prize money from their chip stack in a …
Icm poker tournament Poker
An ICM poker tournament is a poker tournament analysed using the Independent Chip Model, which estimates a player's equity from chip stacks and the…
iGaming Online
iGaming is any form of gambling where a player places wagers or plays games of chance over a digital network rather than in a physical venue.
Illusion of control gambling Responsible play
A mental bias where someone gambling acts as if they can steer a random outcome, for example by choosing numbers or following a ritual.
Implied odds Poker
Implied odds measure whether a call is profitable by adding the chips you expect to win later to the money already in the pot.
Implied odds poker Poker
Implied odds estimate the total profit from a hand by adding money you expect to win in later betting rounds to the current pot.
Implied probability Odds & probability
Implied probability is the chance of an outcome as expressed by betting odds, representing the bookmaker's or market's estimate encoded in those odds.
Implied probability vs actual probability Odds & probability
Implied probability is the likelihood of an outcome suggested by quoted odds, while actual probability is the real-world chance of that outcome occ…
Implied probability vs true probability Odds & probability
Implied probability is the chance of an outcome derived from betting odds, while true probability is the actual likelihood of that outcome occurring;
In-play betting strategy Sports betting
An in-play betting strategy is a planned method for placing and managing bets during a live event, using real-time information such as the score or…
Indian rummy rules Card games
Indian rummy rules govern a 13-card draw-and-discard variant where players must form at least two sequences, one of which must be a pure run, to de…
Insurance blackjack Casino games
A side bet in blackjack that players can place when the dealer's face-up card is an ace, betting that the dealer's hidden card is worth ten points …