A–Z index

Gambling terms beginning with P

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

Pai gow betting strategy Casino games: A pai gow betting strategy tells a player how to split their cards or tiles into two hands, and when to bank, in order to get the best possible res…
Pai gow house way chart Odds & probability: A pai gow house way chart is a casino rule table that tells the dealer how to split each hand into a high and low component.
Pai gow odds vs blackjack Odds & probability: A comparison of house edge, expected loss, or other probability measures between pai gow (tiles or poker) and blackjack.
Pai gow payout chart Odds & probability: A pai gow payout chart lists the payouts for winning hands or qualifying events in a pai gow side bet, typically expressed as a ratio such as 40 to 1.
Pai gow poker Poker: Pai gow poker is a casino card game in which a player splits seven dealt cards into two hands — a five-card hand and a two-card hand — and must bea…
Pai gow poker betting Poker: The money a player puts at risk on a single round of pai gow poker, wagering that their two arranged hands will beat the banker's corresponding hands.
Pai gow poker joker rules Poker: The joker in pai gow poker is a bug card that can only fill a straight or flush in the five-card hand, and otherwise counts as an ace;
Pai gow poker odds Poker: Pai gow poker odds are the probabilities of winning, pushing, or losing a hand in pai gow poker, along with the house edge from the 5% commission o…
Pai gow poker payouts Odds & probability: The payout rules for pai gow poker set how much a player receives when their hand beats the dealer's or a side bet hits.
Pai gow progressive jackpot Slots: A pai gow progressive jackpot is an optional side bet in pai gow poker that pays a growing jackpot, typically for a rare hand such as a seven-card …
Pai gow progressive payouts Odds & probability: Pai gow progressive payouts are the jackpot-style awards from an optional side bet in pai gow poker, where the top prize grows as players contribut…
Pari mutuel Racing: Pari mutuel is a betting system where all stakes on an event are pooled, deductions for tax and house take are removed, and the remaining pool is s…
Pari mutuel machine Racing: A pari mutuel machine is a totalisator that aggregates wagers into a common pool and calculates payout odds or payoffs after deductions for take an…
Pari-mutuel betting example Racing: A pari-mutuel betting example is an illustrative calculation showing how a betting pool is divided among winning tickets after the operator deducts…
Pari-mutuel horse racing Racing: Pari-mutuel horse racing is a betting system where all wagers on a race go into a common pool, the track takes a deduction, and the remaining money…
Pari-mutuel meaning lottery Racing: A lottery-style betting system where all stakes on a given event are collected into a single pool, and winners share that pool after deductions, ra…
Pari-mutuel payouts Racing: The money paid to winning bettors from a collective wagering pool after the operator takes its cut, with each ticket's return depending on the tota…
Pari-mutuel slot machine Racing: A machine that looks and plays like a slot but calculates payouts from a shared betting pool instead of a fixed pay table.
Parlay Sports betting: A parlay is a single bet that links several wagers together;
Parlay definition football Sports betting: A parlay is a single bet that combines two or more individual wagers;
Parlay definition in betting Sports betting: A parlay links multiple bets into one wager that pays out only when every leg wins.
Parlay meaning basketball Sports betting: A parlay in basketball betting is a single ticket that bundles multiple bets together, and it only pays out if every one of those bets wins.
Parlay original meaning Sports betting: A parlay is a single wager that ties together two or more separate bets, and it pays out only when every one of those bets wins.
Parlay payout chart Sports betting: A parlay payout chart is a table that tells you how much you win on a parlay bet, based on how many selections you include and the odds format used.
Party on tilt meaning Poker: Party on tilt describes a poker table where multiple players are playing emotionally and recklessly, often leading to unusually large pots and erra…
Pass line craps Casino games: The pass line is the core bet in craps.
Pass line craps odds Casino games: Pass line craps odds are an optional bet placed behind a pass line wager after a point is established, paying true odds with no house advantage.
Pass line odds payout Odds & probability: In craps, the pass line odds payout is the money you get back on the extra odds wager you can make behind your pass line bet once a point is set, a…
Paylines Slots: Paylines are the fixed lines or patterns across a slot machine's reels that decide which symbol combinations count as a win.
Perfect trifecta meaning Racing: A perfect trifecta is a bet on a horse race that wins only if the three horses you name finish first, second and third in that exact sequence.
Photo finish horse racing Racing: A photo finish is a photograph taken at the finishing line that officials use to determine the order of finish when a race is too close to call by eye.
Pick 3 lottery Lottery & bingo: A Pick 3 lottery is a daily numbers game where players select three digits from 0 to 9 and win by matching the drawn result according to the chosen…
Pick 5 lotto Lottery & bingo: Pick 5 lotto is a lottery draw game in which players pick five numbers or digits and win by matching the five numbers drawn, with rules and prize s…
Pl o poker rules Poker: PLO, or Pot-Limit Omaha, is a poker variant that gives each player four private cards and requires them to form a five-card hand from exactly two o…
Point spread Sports betting: A point spread is a number set by a bookmaker to give the underdog a virtual head start, so bettors wager on whether the favourite will win by more…
Point spread meaning betting Sports betting: A point spread is the handicap number a bookmaker sets so a bet is decided by the margin of victory rather than simply which team wins.
Point spread meaning football Sports betting: In football betting, a point spread is a number set by the bookmaker that gives the favourite a points deficit to overcome and the underdog a point…
Point spread meaning NBA Sports betting: In NBA betting, the point spread is a number set by the bookmaker that handicaps the favourite by a set margin and gives the underdog the same adva…
Poker bankroll management tournament Odds & probability: Poker bankroll management for tournaments means choosing buy-ins and stakes so that your dedicated poker funds survive the high variance of tournam…
Poker betting rules Poker: Poker betting rules govern how players check, bet, call, raise, or fold during betting rounds, and define the limits and structure of wagering in a…
Poker blinds Poker: Blinds are mandatory bets placed by two players before any cards are dealt in flop-style poker games, creating an initial pot and ensuring there is…
Poker bluffing Poker: A poker bluff is a bet or raise made when you believe your hand is not the best, intended to make opponents fold stronger hands.
Poker boat vs full house Poker: In poker, boat and full house are two names for the same hand: three matching cards of one rank paired with two matching cards of another rank.
Poker bot Advantage play: A poker bot is a computer program that plays poker automatically, usually online, against human or other computer opponents.
Poker bot AI Advantage play: A poker bot AI is software that uses artificial intelligence to make betting decisions and play poker automatically against human or computer oppon…
Poker bubble Poker: In a poker tournament, the bubble is the cutoff point just before the prize money starts, where the last eliminated player walks away with nothing.
Poker cheating scandal explained Advantage play: A poker cheating scandal is a public controversy that erupts when players are accused of breaking poker rules or site controls to gain an unfair ad…
Poker chips Casino games: Poker chips are small discs or tokens that stand in for cash at a poker table, letting players bet and stack their wagers more easily than with cur…
Poker club Poker: A poker club is a venue or club that offers poker play, typically as a dedicated card room, a members’ club, or a commercial club where poker is av…
Poker dealing rules Poker: Poker dealing rules govern how cards are distributed to players and the order or procedure used to do so.
Poker equity Poker: Poker equity is the portion of the pot a player can expect to win on average, based on the current hand's chance of winning at showdown.
Poker hand odds chart Poker: A poker hand odds chart is a reference table that shows how likely each hand ranking is, based on all possible five-card combinations from a standa…
Poker hand rankings Poker: Poker hand rankings is the system that orders five-card hands from strongest to weakest, so players can decide who wins at showdown.
Poker hand rankings preflop Poker: Poker hand rankings preflop refers to the ordering of starting hands in Texas hold 'em before any community cards are dealt.
Poker hand rankings probability Poker: Poker hand rankings probability is the chance of being dealt each hand category in a given poker variant, usually from a standard 52-card deck.
Poker hands Poker: A poker hand is the combination of cards a player holds to compete against others, usually five cards, and its strength is judged by a fixed rankin…
Poker hands chart preflop Poker: A poker hands chart preflop is a 13×13 grid that maps the 169 non-equivalent two-card starting hands in Texas hold'em and suggests whether to fold,…
Poker hands probability Poker: Poker hands probability measures how often a particular hand type appears in a deal, calculated by dividing the number of ways that hand can occur …
Poker hands quads Poker: Quads, or four of a kind, is a poker hand consisting of four cards of the same rank and one unrelated kicker card.
Poker hold em rules Poker: Poker hold em rules govern Texas hold'em, where each player receives two private cards and five community cards are placed face up on the board to …
Poker hole cards rankings Advantage play: A shorthand ranking of a player’s two-card starting hand in poker, ordered by its preflop strength.
Poker house edge Odds & probability: Poker house edge is the casino's expected long-run advantage on a player's original wager in poker-derived casino games, expressed as a percentage …
Poker odds chart Poker: A poker odds chart is a reference table that tells you how likely a given poker outcome is, such as completing a flush draw or being dealt a full h…
Poker odds chart preflop Poker: A poker odds chart preflop ranks starting hands in No-Limit Hold'em to guide pre-flop decisions such as fold, call, or raise.
Poker positions Poker: In poker, position is a player's seat relative to the dealer button and blinds, determining the order of action.
Poker preflop ranges Poker: A preflop range is the collection of two-card starting hands a player is willing to play in a given preflop situation, such as opening, calling a r…
Poker probability Poker: Poker probability is the calculation of the chance that a specified hand, draw, or outcome will occur in a poker situation.
Poker raise rules Poker: A raise is when a player increases the size of a bet that has already been made in the current round of betting.
Poker range Poker: In poker, a range is the full collection of hands a player might hold at a given point, based on their actions and the board.
Poker range percentage Poker: In poker, range percentage is the proportion of all possible starting hands that a player could hold in a given situation, shown as a percentage.
Poker ranges by position Poker: Poker ranges by position assign different starting-hand ranges based on a player's seat relative to the action order, with later positions playing …
Poker RTA chart Advantage play: A poker RTA chart is a real-time-assistance guide that a player consults during a live hand to see which action the chart recommends.
Poker rules dealer Poker: A poker dealer is the person who distributes cards and manages the pot, or the player position marked by the dealer button that determines betting …
Poker starting hands chart Poker: A poker starting hands chart ranks or groups the possible two-card holdings in a poker variant, showing which combinations are stronger or weaker b…
Poker terms and phrases Poker: Poker terms and phrases are the specialised vocabulary used to describe hands, betting actions, table positions, and game situations in poker.
Poker terms for winning Poker: Poker terms for winning is not a single standard term but a category covering the many words and phrases used when a player wins a hand or pot.
Poker terms list and meanings Poker: A poker terms list explains the specialised language used in the game, covering actions, positions, hand types, and player behaviour.
Pools betting Lottery & bingo: Pools betting, also called parimutuel betting, is a system where all stakes on an event are combined into a single pool, and winners share that poo…
Positive odds meaning Odds & probability: Positive odds are a moneyline quotation where the number shows the net profit on a 100-unit stake, so +200 means a $100 bet wins $200.
Pot odds Poker: In poker, pot odds express the reward the pot offers relative to the price of calling a bet, helping a player decide whether the call is mathematic…
Pot odds poker Poker: Pot odds compare the size of the pot to the cost of a call, helping a player decide whether the potential reward justifies the risk.
Pot odds vs equity Poker: Pot odds vs equity is the comparison between the price offered by a bet and a hand's chance of winning the pot, used to decide whether calling is m…
Pot odds vs implied odds Poker: Pot odds compare the immediate cost of a call to the current pot size;
Preflop poker chart Poker: A preflop poker chart is a grid that tells a poker player which two-card hands to play or fold before the flop, based on their seat at the table.
Preflop range chart 9-max Poker: A chart that maps every possible starting hand in Texas hold 'em to a recommended action for a full nine-player table before the flop.
Preflop range chart by position Poker: A preflop range chart by position is a table that tells a poker player which starting hands to play before the flop, depending on whether they are …
Probability of a straight Odds & probability: The probability of a straight is the chance of being dealt five cards of consecutive rank, not all of the same suit, in a standard poker hand.
Probability of flush in 5-card poker Odds & probability: In 5-card poker, a flush is five cards of the same suit.
Probability vs possibility Odds & probability: Probability measures how likely an event is to occur on a scale from 0 to 1, while possibility measures how feasible or plausible an event is, ofte…
Progressive jackpot Slots: A progressive jackpot is a prize that increases each time a player places a qualifying wager, as a portion of each bet is added to the prize fund.
Progressive jackpot lottery Slots: A progressive jackpot lottery is a lottery game where the top prize grows with each draw that has no winner, rolling over until someone claims it.
Progressive jackpot slots Slots: Progressive jackpot slots are slot games where the top prize grows as players make bets, typically by channelling a fraction of each wager into a s…
Progressive slots vs regular Slots: A progressive slot sets aside a portion of every bet into a jackpot that increases until someone wins it;
Progressive whist Slots: A casino card game derived from whist, where each player tries to win more tricks than the dealer rather than competing against other players.
Punto banco Casino games: A casino card game where players bet on which of two hands, Player or Banker, will reach a total closest to 9, with all drawing decisions made by f…
Punto banco vs baccarat Casino games: Punto banco is the house-banked baccarat variant where players bet on Player or Banker and the dealer follows fixed drawing rules for both hands.
Push Casino games: A push is a tied outcome in blackjack where the player and dealer have equal hand totals, so the original bet is returned and neither side wins or …
Push fold chart poker Poker: A push-fold chart is a preflop decision tool that tells a short-stack poker player when to go all-in (push) or fold, based on hand range and stack …