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Even though the reality that internet wagering is now a multi-billion dollar industry, and endless thousands of new bettors around the globe sign up each day to play at web gambling halls, there are still millions of newbies to the world of web betting who don’t as yet have a clear understanding of a lot of the catchphrases used in internet betting, and gambling on athletic event in general. However, knowledge of these terms is indispensable to comprehending the games and regulations of wagering:

ACTION: Any type of wager.

ALL-IN: In poker, all-in means a player has put all of her money into the pot. A side pot is set up for the wagerers with additional chips.

ALL-UP: To wager on many horses in the same event.

ANTE: A poker phrase for allocating a required value of money into the pot just beforeevery hand starts.

BRING-IN: A required wager in 7-card stud carried out by the gambler showing the lowest value card.

BUST: You don’t win; As in chemin de fer, when a gambler’s cards are valued over 21.

BUY-IN: The minimum sum of money required to appear in a game or event.

CALL: As in poker, when a wager is the same as a previously carried out bet.

CHECK: In poker, to stay in the game and not betting. This is allowed only if no other gamblers bet in that round.

CLOSING A BET: As in spread betting, meaning to place a bet equal to but opposite of the leading wager.

COLUMN BET: To bet on one or more of the 3 columns of a roulette table.

COME BET: In craps, the same as a pass-line bet, but carried out after the player has achieved his point.

COME-OUT ROLL: A crapshooters 1st roll to ascertain a point, or the first roll after a point has been ascertained.

COVERALL: A bingo term, symbolizing to cover all the numbers on a bingo card.

CRAPPING OUT: In craps, to roll a two, three or 12 is an immediate loss on the come-out toss.

DAILY DOUBLE: To select the winners of the initial 2 races of the night.

DOWN BET: To wager that the outcome of an action will be lower than the lowest end of the quote on a spread bet, also known as a "sell".

DOZEN BET: In roulette, to bet on one or more of three groups of twelve numbers, one-twelve, etc.

EACH WAY BET: A sports wager, meaning to bet on a team or player to win or place in a game.

EVEN MONEY BET: A wager that pays out the same value as gambled, ( 1:1 ).

EXACTA: Betting that two horses in a match will finish in the exact identical assignment as the bet – also known as a " Perfecta ".

FIVE-NUMBER LINE BET: In roulette, a bet placed on a group of five numbers, like 1-2-3-0, and 00.