Gambling terms, explained straight

A–Z index

Gambling terms beginning with K

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

Kelly betting Odds & probability
Kelly betting is a staking strategy that tells you what fraction of your bankroll to wager in order to maximise the long-term expected logarithmic …
Kelly criterion Odds & probability
The Kelly criterion is a bet-sizing formula that calculates the optimal fraction of a bankroll to wager on each opportunity to maximise long-run ge…
Kelly criterion betting Odds & probability
The Kelly criterion is a formula that tells a bettor what percentage of their bankroll to stake on a wager in order to grow their money as fast as …
Kelly criterion blackjack Odds & probability
In blackjack, the Kelly criterion is a bet-sizing rule for card counters: wager the fraction of your bankroll that matches your current edge, aimin…
Kelly criterion poker Odds & probability
A formula that calculates the fraction of a bankroll to bet on a single wager, aiming to maximise long-term wealth growth rather than short-term pr…
Keno Lottery & bingo
Keno is a lottery-like gambling game where players pick numbers from 1 to 80 and win prizes based on how many of those numbers match a random draw …
Keno odds Lottery & bingo
Keno odds are the probabilities or payout ratios for matching a given number of spots on a keno ticket, typically expressed as odds-to-1.
Keno payout chart Odds & probability
A keno payout chart is the game’s pay table, showing how much a bet pays for each possible number of catches or matches.
Keno slots Slots
Keno slots are slot-machine versions of keno where players pick numbers from 80 and win by matching them against 20 drawn numbers.
King value in blackjack Casino games
In blackjack, a king is a picture card that adds 10 to the hand total, matching the value of a jack or queen.
KO card counting Advantage play
KO card counting is a blackjack system that assigns point values to cards and keeps a running count to judge when the deck favours the player or th…
KYC gambling Online
KYC gambling is the process where online betting sites and casinos check a customer's identity and documents to satisfy anti-money-laundering laws …
KYC meaning Online
KYC stands for Know Your Customer.
KYC meaning crypto Online
KYC in crypto stands for Know Your Customer, the identity checks gambling sites use to verify who you are and reduce fraud and money-laundering risks.