Gambling terms, explained straight

A–Z index

Gambling terms beginning with M

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

Maiden Racing
In horse racing, a maiden is a horse that has not yet won a race.
Martingale strategy Odds & probability
The martingale strategy is a betting system where the stake is doubled after each loss, so the first win recovers all prior losses and returns a pr…
Martingale strategy roulette Odds & probability
A betting system for roulette in which the player doubles the wager after every loss on an even-money bet, so that the first win recovers all previ…
Martingale system blackjack Odds & probability
A betting method in blackjack where the player doubles the stake after every losing hand, so that the first win recovers all previous losses and re…
Mash shuffle vs riffle shuffle Card games
A mash shuffle mixes cards by spreading them face down on a table and sliding them over one another, while a riffle shuffle splits the deck in two …
Match fixing betting Advantage play
Match fixing betting refers to wagers placed on sporting contests that have been intentionally manipulated for an undue advantage.
Match handicap 2 meaning Sports betting
A match handicap 2 is a bet where one side receives a 2-goal or 2-point adjustment before the result is settled, so the bettor wins or loses based …
Matched betting Advantage play
Matched betting is a technique that places a back bet with a bookmaker and an opposing lay bet on an exchange to convert free bets into a locked-in…
Max win lottery Lottery & bingo
Max win lottery is an informal term for the highest possible prize or jackpot cap in a specific lottery game, such as the top advertised prize or a…
Medium volatility slots meaning Slots
Medium volatility slots are slot games with a moderate level of payout variability, offering wins at a balanced frequency and size between low- and…
Megaways Slots
Megaways is a slot-reel engine that randomly varies the number of winning ways on every spin, so no two spins offer the same payline structure.
Megaways RTP Slots
Megaways RTP is the percentage of all wagered money a Megaways slot is designed to pay back to players over many spins.
Megaways slots Slots
A type of slot game where the number of symbols on each reel varies from spin to spin, so the total number of winning ways is never the same twice.
Megaways UK Slots
Megaways UK refers to Megaways slot games available under UK gambling regulation, where the number of symbols per reel varies on each spin, changin…
Meld meaning Card games
A meld is a group of cards a player reveals during play to earn points, usually formed as matching ranks or a consecutive sequence in the same suit.
Meld meaning in English Card games
A meld is a set of cards a player lays on the table that meets a game's rules for a valid combination, usually to earn points or reduce their hand.
Meld score meaning Card games
A meld score is the points awarded for laying down a qualifying combination of cards, such as a set or sequence, during a card game.
MGA licence Online
A permit from the Malta Gaming Authority that lets a Maltese or EU/EEA company run gambling services or supply gaming systems to other licensees.
Minus 1.5 spread meaning Sports betting
Minus 1.5 spread means a team is the favourite and must win by more than 1.5 points, goals or runs for a bet on that side to win.
Minus odds meaning Odds & probability
Minus odds are a betting quote with a negative number that tells you how much you need to risk to win a set profit, typically 100 units.
Moneyline Sports betting
A moneyline is a wager placed on the outright winner of a sporting event, with no point spread or handicap to consider.
Moneyline betting Sports betting
A moneyline bet is a simple wager on which side will win a game or match, with the payout set by odds expressed as positive or negative numbers.
Moneyline odds explained Sports betting
A US-style odds format that uses a positive or negative number to express the payout on a bet for the outright winner of a contest.
Moneyline UK Sports betting
Moneyline UK is an informal label for a straight-up winner bet displayed in UK fractional odds rather than American moneyline notation.
Moneyline vs spread Sports betting
A comparison between two ways to bet on a game: a moneyline wager on who wins outright, and a spread wager on whether a team covers a set margin.
Monte Carlo fallacy Odds & probability
The Monte Carlo fallacy is the mistaken belief that after a run of the same result in an independent game of chance, the opposite outcome is now du…