Casino Terms (cont.)

M
Marker A check/cheque that can be written at the gaming tables by a player who has established credit with the casino. An IOU.
Martingale
 Betting system based on doubling-up after each loss. See the Martingale System on this site.
Match Play
 The competition system used in tournaments (usually card games) in which two participants play a series of games which ends when one player accumulates a required number of points. Each game could be worth one, two, or more points.
Maximum Bet
 The highest bet you are allowed to make. Also in slot machines, a button that lets you bet the maximum coin size and the maximum number of coins taking into account the total number of paylines.
Mechanic
 Slang meaning a dealer who cheats.
Mini-Baccarat
 The scaled-down version of baccarat, played with fewer players, dealers, and formality but following the same rules as baccarat.
Money Put In Action
 This is not the actual dollar amount of money you bring to the table to play with. Suppose that you sat down at a roulette table with a $100 and proceeded to play 90 spins over, say, three hours, betting $10 on each spin of the wheel. If you multiply 90 spins by $10 totals $900. This would be the amount of 'money you put into action' even though your actual bankroll was only $100. This is one of the criteria some casinos use to assess your rating and eligibility for comps.
Multi-Player Casino
 A feature offered by online casinos that lets you play against other players.
N  
Natural
 In blackjack, a natural is a two-card hand of twenty-one points. In baccarat a natural is a two-card total of eight, or nine.
Negative Expectation
 The long-run disadvantage or loss of a given situation without reference to any particular outcome; that is, what you figure to lose on average after a considerable time of play, or after a large number of repetitions of the same situation.
Net Winnings
 Total payout less your stake.
Non-negotiable Chips
 Promotional casino chips that cannot be exchanged for cash.
Non-value Chip
 A gaming chip which the dollar value is determined by the amount of the buy-in and the amount of chips taken (example: in roulette). Thus, a buy-in of $300.00 for 60 chips equals a value of $5.00 per chip. In roulette, this is uaually established by the "Table Minimum Bet" amount displayed on the table.
Number Pool
 The range of numbers from which you select the ones you want to play. A typical lottery pool ranges from 1 to 60, and the keno pool is 1 to 80. A Bingo pool can be 1 to 75 or 1 to 90.
Nut
 Either the overhead costs of running a casino, or the fixed amount that a gambler decides to win in a day.
O  
Odds
 Ratio of probabilities. The casino's view of the chance of a player winning. The figure or fraction by which the casino offers to multiply a bettor's stake, which the bettor is entitled to receive (plus his or her own stake) if they win.
On tilt
 Going 'on tilt' is a bad reaction to an unlucky hand resulting in uncontrolled wild play.
Open
 In poker, the player who bets first.
Outside Bets
Roulette bets located on the outside part of the layout. They involve betting 12 or 18 numbers with one chip.
Overlay
 A good bet where the player has an edge over the casino.

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