Glossary & Terms on Gambling Fun and Vacations

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Overlay

Definition:
When the odds are in the gambler's favor.

Rake

Definition:
A portion of the pot that is taken out each hand. This is how the Casino makes it money.

Commercial Lessor

Definition:
Any person or other entity other than bona fide non-profit organizations licensed under this Chapter who leases any building, structure, or premises to organizations.

Keno

Definition:
A type of lottery game.

Book

Definition:
Many different tickets for bingo games.

Pari-mutuel

Definition:
Games in which jackpot prizes are awarded to numerous players holding the same winning tickets. The prize payment is determined by the number of winning tickets for that drawing.