Off - Bets that are not working.
Off The Board - Sporting
events, casinos or bookmakers will not accept action on.
Office - A secret signal passed
from a gambler to his confederate.
One Eyed - The Jack of hearts,
Jack of spades or King of diamonds. So named because the characters are
drawn in profile, thus showing only one eye.
One Roll Bets - Wagers that win
or lose depending on the next roll of the dice.
On The Hop - A one roll wager.
Open - In poker, the player who
Outside Bets - Roulette bets
located on the outside part of the layout. They involve betting 12 to
18 numbers at one time and result in a lower payout.
Outside Numbers - In Craps, 4,
10, 5, and 9
Overlay - A good bet where you
have an edge over the casino.
Ozzie and Harriet - A hard 8.
Paint - A
Jack, Queen or King.
Pair - Any two cards that have
the same rank. Generally, pairs can be split and played as two hands.
Palette - The flat paddle used
on the Baccarat table to scoop the cards.
Paper - Marked cards.
Paralay - A bet on two or more
Parley - Keeping one's winnings
Pass - Definition 1: To not
bet, to fold. Definition 2: A winning situation for the right bettors
Pass Line - The area where a
Pass Line Bet is placed.
Pass Line Bet - A wager made
prior to the Come Out roll that a point will repeat.
Past Performance - Prior events
are studied in order to help determine the outcome of a future contest.
Past Post - A devious attempt
to bet during or after an event has taken place.
Pat - In blackjack, an unbusted
hand worth at least 17 points. In draw poker, a hand that does not need
any more hands.
Pay Cycle - A theoretical
expression that reflects the number of plays required for the machine
to cycle through all possible winning and non-winning combinations.
Pay Line - The line on a slot
machine window on which the symbols from each reel must line up.