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Even though the reality that internet betting is now a many billion dollar business, and countless thousands of brand-new players world-wide log in each day to bet at online gambling halls, there are still millions of newbies to the world of web betting who do not as yet have a clear understanding of much of the jargon used in online gambling, and wagering on athletics in general. However, knowledge of these terms is indispensable to understanding the games and rules of betting:

ACTION: Any type of wager.

ALL-IN: In poker, all-in means a player has risked all of his money into the pot. A second pot is created for the bettors with additional chips.

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

ANTE: A poker term for placing a necessary value of money into the pot prior to the start of each hand.

BRING-IN: A mandatory bet in seven-card stud made by the player showing the lowest value card.

BUST: You don’t win; As in chemin de fer, when a player’s cards are valued over twenty-one.

BUY-IN: The the lowest value of money necessary to enroll in a match or tournament.

CALL: As in poker, when a wager equals a prior carried out bet.

CHECK: In poker, to stay in the game and not betting. This is applicable only if no other players wager in that round.

CLOSING A BET: Like in spread betting, meaning to make a wager on par with but opposite of the leading wager.

COLUMN BET: To wager on any of the 3 columns of a roulette game.

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

COME-OUT ROLL: A crapshooters first roll to establish a number, or the 1st roll after a point is achieved.

COVERALL: A bingo term, meaning to cover all the spots on a bingo sheet.

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

DAILY DOUBLE: To pick the winners of the initial two races of the day.

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

DOZEN BET: In roulette, to wager on one or more of 3 categories of 12 numbers, 1-12, etc.

EACH WAY BET: A athletic event bet, which means to bet on a group or player to win or place in a game.

EVEN MONEY BET: A bet that pays out the same sum as wagered, ( one to one ).

EXACTA: gambling that two horses in an event will complete the race in the absolute identical order as the wager – also known as a " Perfecta ".

FIVE-NUMBER LINE BET: In roulette, a bet made on a grouping of 5 numbers, like 1-2-3-0, and 00.