Casino Terminology Drop

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  • We explain the difference between casino churn and casino drop- 2 terms used widely in the casino industry.
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Can Casino Drop Terminology

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  1. How would i define drop and hold Drop is the money handed over the counter minus the change is hold. To use a retail analogy as follows: A customer goes into a shop, picks up his items that have a total cost of £5. When He gets to the checkout he hands over a £20 note so recieves £15 change.:
    Discard Tray: term for the tray placed on the dealer's right where the played cards or discards are stacked. Game examples are Baccarat, Blackjack and Poker. Dollar Bet: lingo for a $ bet. Double or Nothing: wager that pays out the original bet or even-money. Down to the Felt: busted or broke in casino terms. Drop. Casino terminology drop. (KudoZ) English to Spanish translation of drop: drop: conteo total de dinero y fichas//drop box: caja metálica para dinero, etc., fichas, documentos Indigo sky casino seneca mo address. Drop term used to describe the total amount of. Hold percentage is equal to win divided by drop. Poker Terms. Internet roulette spielen - anbieter übersicht mit sicherheit verbindet ihr, wenn ihr an ein casino denkt, neben geld und jetzt bei betfair 15 verschiedene roulette spielvarianten ausprobieren und onlinecasino könnt ihr den bonus sofort von eurem spielerkonto auszahlen lassen. East coast slots.
  2. For a casino, the drop is the money (or credit) exchanged for chips. At a game like blackjack, the total drop is what is found in the metal drop box attached to the table that all bills and markers (credit slips) are dropped in to. On occasion, the term handle is used interchangeably with the term drop.:
    This employee monitors the payoff amounts and deposits money into the drop box. Break the Deck: This term is mainly used in blackjack games, meaning to reshuffle the cards. Dealers may “break the deck” at any time, but will do so especially if they think there is a card counter sitting at their table. Cage: Financial hub of a. Learn definitions of casino terminology with this page. These definitions cover a wide range of casino table games, gambling, and dealing lingo. These glossary entries include games such as blackjack, roulette, pai-gow poker, baccarat, craps, poker and various carnival games. Draw – The act of taking an additional card in games like Baccarat, Blackjack or Video Poker; may also be used as an alternative term for “Push” or “Tie.” Drop – For players, money lost; for the casino, money won; also an alternative term for. Edge – The odds favoring the casino; also referred to as Advantage or House Edge.
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Banker — The position at the table accepting wagers and distributing payouts, typically the dealer; in Baccarat—one of two playing positions, taking action after the Player position. Bankroll — The total amount of money a player has available for wagering during a session of play. Bonus Round — In slot play, a feature offering the opportunity to win a bonus that is separate from the basic game. Buy in — The act of converting cash into chips for the purpose of gambling; also refers to tournament entry fees.

Card Counting — In Blackjack, keeping track of the cards in a deck in order to gain an advantage during play. Caribbean Stud — A casino table game based on Poker, but played at a Blackjack-type table against the House instead of other players.

Color In or Color Up — To exchange smaller chips for larger denominations preparatory to leaving the table. Craps — A casino game played on a felt covered table with two, 6-sided dice; the object is to roll certain point totals, such as seven or eleven when starting out; also refers to rolls that total 2, 3, or Croupier — A dealer or casino employee who collects and pays bets or otherwise assists at the gaming tables; commonly used to refer to staff at Roulette, Baccarat and Craps tables.

Cut — The act of splitting a deck into two groups of cards, typically performed after the shuffle and before to dealing. Dealer — A casino employee who manages a table game, most often one who distributes cards; also used to refer to the Croupier at other games. Even Money — Odds of 1 to 1; a bet that wins the same amount as was bet originally; in Blackjack, an automatic 1-to-1 payout for a blackjack when the dealer shows an Ace.

Expectation — The amount a player can expect to win or lose on a bet, expressed as a percentage. Jackpot — A bonus or large payout for winning on a certain bet, often applied to slot games. Kelly Betting — The practice of wagering a percentage of a bankroll equal to the percentage advantage.

Keno — A lottery-type game played with a card of 80 numbers; players attempt to predict which of 20 numbered balls will be drawn. Let It Ride — A casino card game based on Poker but played against the House rather than other players. Limits — In table games, the minimum and maximum amounts that can be wagered on a single bet.

Max Bet — The highest bet that can be made; also in Slots, a button for making such a wager. Multiple Deck or Multi-Deck — A card game played with two or more decks shuffled together. Odds — A ratio describing the probability of winning or losing ; also may refer to the payout amount; in Craps, the amount for which a Pass Line bet may be backed.

Payline — On Slots, any line on the machine window where the symbols from each reel must line up to form a winning combination. Payoff Schedule, Payout Table or Paytable — A list of the values paid for winning combinations on slots or video poker games. Player — Anyone who participates in casino games; in Baccarat, o ne of two playing positions, taking action first, before the Banker position.

Poker — A variety of card games with shared betting rules and hand rankings, played against other players rather than against the House. Pot — Especially in Poker, the total amount of bets made by all players at any given time.

Progressive — A type of jackpot based upon a prize pool that continually increases incrementally until it is won; most common in slots and video poker along with some table games, such as Caribbean Stud. Roulette — A casino game using a numbered wheel and corresponding field of numbers on which players bet, trying to predict where a ball will land when it is spun around the wheel. Round — One complete deal, in which all players have acted on their hands, wins have been paid off, and losses collected.

Session — Any period of time for which a game is played without interruption or prolonged break. Shoe — A special container that holds up to eight shuffled decks and is used by the dealer to dispense cards in a multi-deck game.

Sic Bo — A table game played with three dice; the object is to predict the outcome when they are rolled. Slots — A form of electronic gaming based on lining up symbols that appear on spinning reels in order to win payouts at fixed odds. That pays the bills and generates the profit for the casino. The total churn is not all new money, it a lot of the original money going around and around. So to get to the real money going into a casino, you work out the money the players left at the Casino when their session ended.

The Gross Gaming Revenues. Well, quite simply, the more the casino can get you to churn, the more likely you are to lose, either your own money, or your winnings. What is Casino Churn? What is the Drop? Here are a few examples. With VIP play accounting for a vast majority of casino revenue in Macau, you can see why this win percentage can create very volatile earnings from quarter to quarter.

When reading gaming earnings, remember that rolling chip drop is the same as volume or turnover. Different companies use different terms, but they mean the same thing. How to use this data Even the small sample I've provided above can be used by investors. Over the past year we've seen VIP play in Macau slow and mass market play pick up. This is why these two companies have seen earnings grow more than Wynn Resorts.

These detailed numbers tell the story. Making things difficult Not all companies report the same numbers, and some don't report much of anything at all. While most companies in Macau report a fair amount of data about gaming trends, MGM Resorts doesn't reveal much data about its operations.

CZR doesn't report much detail at all, not even about its largest Las Vegas operations. On the flip side, Las Vegas Sands is the most transparent, providing VIP, mass, and slot volume and win percentages at each of its casinos.

Hopefully this overview will help next time you see all of these numbers in a company's earnings report. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Macau will be key in , but a new market may open up that could really boost prospects for casino resort operators.

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Action whereby a dealer forms smaller stacks of chips from tall stacks that have collected on the table. This is done so the pit personnel can easily count them from a distance. Term used in blackjack meaning to double the original bet. The player then receives one additional card. Casino employee who helps supervise the dealers at gaming tables and watches for any problems or irregularities.

What casino workers and gamblers jokingly call dice. What dealers in Las Vegas call a good tipper. A gambler who slowly works through his bankroll, betting very conservatively and in small amounts.

Activity in which coin hard currency is counted. It is usually done in a special room under tight security. In simple terms, the mathematical winning edge a casino has provided for itself. This is done by manipulating the game rules and payoff amounts, ensuring that the casino will maintain a certain level of profitability. Industry term for special high rollers who casinos cater to using a variety of comps. Some invited guests will literally bring millions of dollars of action to a casino in one visit.

Knowing the so-called right people in town. A dealer who is careless and shows the hole card while dealing. When wagering in unusually large amounts, credit often will be extended to the player in the form of markers. Chart — A written summary of optimum plays for any particular game. Chips — Multi-colored casino tokens used in place of real currency for gambling. Deal — To distribute cards to players during a card game. Deck — The standard 52 cards used in blackjack.

Discards — All of the used or burned cards removed from play. Down Card — A card dealt face down. Fish — Slang term for a novice or poor player; one who always loses money. Flat Betting — To wager the same amount on every hand, without variation. Fold — To drop out of play, abandon the hand and surrender any wagers made. Gambler — One who takes risks, such as playing games of chance for money. High Roller — A person who makes very large bets.

Insurance Bet — Two or more wagers that partially cover one another. Layout — The surface of a gaming table, with markings indicating where to place bets. Limit — A preset maximum for wagers. Payoff — The return or payback that the player gets for a winning wager. Payout — The amount of money paid for a win. Pit Boss — The casino manager in charge of all the games and dealers in the Pit. Play — To make an initial bet or to increase a wager. Rack — A container for coins or chips. Rail — The grooved wooden edge around the table, where players store their chips.

Railbirds — Slang for spectators. Rake — A commission charged by the House, especially for dealing Poker games. Rounding — The act of rounding up or down the amount paid out. Scared Money — Any bet a player cannot afford to lose. Shooter — in Craps, the player who is currently throwing the dice. Shuffle — Randomly mixing up the order of the cards between deals. Single Deck — A card game played with just one deck of 52 standard playing cards.

Spanish 21 — A version of Blackjack that has no 10 cards in the deck. Stake — The total amount of wagered by a player on a single round, hand, spin or deal. Suit — One of the four groups of 13 cards in a deck: Spades, Hearts, Diamonds or Clubs.

System — Any mathematically based method of betting. Up Card — A card dealt face up. In your retail example I would say the money retained sales is comparable with the drop in a casino. The priority is always to increase sales. In a casino the priority should always be on increasing drop as ulitmately assuming you have eliminated shrinkage through operational inefficiencies the gross profit margin hold should remain reasonable constant.

You can therefore only increase win gross profit by increasing drop sales. Last edited by ; 25th October at I agree with all that except the last bit I am amused when I hear people talk about the falling win percentage as some sort of crisis, and yet at the same time exult over their success at attracting new customers.

It doesn't seem to occur to them that the two things might be linked. The one time I bothered to challenge this, the response was that surely the hold percentage off new players would be higher, since they are unskilled roulette players, mostly This ties in with my disagreeing with the last statement - assuming you have eliminated all inefficiencies, there is always scope to improve the playing experience and keep people playing longer with the money they have dropped.

I am still unsure as to whether you can really count drop as Income Surely only once you have spent something has the casino realised real income I could just swap all or some of the money back again? Surely only customer spend is income and drop is not actual spend just a swap?

Last edited by ; 26th October at Going off at a minor tangent, I remember my dissertation at Uni, many moons ago, was about gambling as a perfect market among other things.

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Roulette — A casino game using a numbered wheel and corresponding field of numbers on which players bet, trying to predict where a ball will land when it is spun around the wheel. Round — One complete deal, in which all players have acted on their hands, wins have been paid off, and losses collected. Session — Any period of time for which a game is played without interruption or prolonged break.

Shoe — A special container that holds up to eight shuffled decks and is used by the dealer to dispense cards in a multi-deck game. Sic Bo — A table game played with three dice; the object is to predict the outcome when they are rolled.

Slots — A form of electronic gaming based on lining up symbols that appear on spinning reels in order to win payouts at fixed odds. Stack — A group of chips, one atop the other; in Roulette, a stack contains 20 chips in a column; in Poker, this refers to the total amount of chips a player holds at any given time.

Stand — In Blackjack, Baccarat or Poker, the act of drawing no card, accepting the value of the hand and refusing an additional card. Table Game — A casino game for multiple players seated or standing around a table, which is controlled by a dealer or croupier.

Table Stakes — Betting is limited to the amount on the table at any given time; players may not exchange cash for additional chips when a hand is in play. Ticket — Another name for a card in Bingo or Keno; in sport betting, the receipt for a bet. True Odds — The correct odds according to a probabilities chart as opposed to the payout odds for a winning wager. Video Poker — A form of electronic gaming based on the card game known as Poker; the object is to obtain hands of high enough rank such as a pair Jacks or better in order to win payouts at fixed odds.

Whale — Slang term for the highest level of high roller, who makes extremely large wagers. A Playtech and IGT powered casino that features a huge variety of top rated games. Welcome to the Casino Review Squad, the place to read online casino reviews written by players, for players.

We also aim to help our readers optimise their game, increase their odds and stay safe. Best regards, Alex — The Editor. Casino Glossary A-Z Action — Amount of money wagered, either the total amount of bets made over a period of time or the amount staked on a single bet. Advantage — An expected win rate expressed as percentage of total money wagered. Advantage Player — One who uses strategy to gain a mathematical advantage over the House.

Ante — A minimum bet required of a player to be able to play. Apron — The outer edge of a casino game table layout. Bet — A wager; the amount of money put at risk with the intention of winning more money.

Betting Order — The order in which players make their bets. Bonus — Extra chips or credits given to a player for free or as a reward for some action. Burn — To discard several cards at the beginning of a new shoe. Burn Card — Any card removed from the deck after the shuffle. Cage — The cashier area, where chips may be purchased or cashed in. Cardsharp — An expert at playing cards.

Chart — A written summary of optimum plays for any particular game. Chips — Multi-colored casino tokens used in place of real currency for gambling. Deal — To distribute cards to players during a card game.

Deck — The standard 52 cards used in blackjack. Discards — All of the used or burned cards removed from play. Down Card — A card dealt face down.

Fish — Slang term for a novice or poor player; one who always loses money. Flat Betting — To wager the same amount on every hand, without variation. Fold — To drop out of play, abandon the hand and surrender any wagers made. Gambler — One who takes risks, such as playing games of chance for money. High Roller — A person who makes very large bets. Insurance Bet — Two or more wagers that partially cover one another. Layout — The surface of a gaming table, with markings indicating where to place bets.

Limit — A preset maximum for wagers. Payoff — The return or payback that the player gets for a winning wager. Payout — The amount of money paid for a win. Pit Boss — The casino manager in charge of all the games and dealers in the Pit.

Play — To make an initial bet or to increase a wager. Rack — A container for coins or chips. Rail — The grooved wooden edge around the table, where players store their chips. The following is a list of definitions, some useful, some just for fun, that will help you pick up some of the terminology commonly used in your future working environment.

Amount of money a player comes to the casino with to be used strictly for placing bets. A term also used by casino workers referring to the amount of money stocked at a game table before the start of a shift. A wager made using a stack of various chips. Dealer who supervises the bank at a craps game. This employee monitors the payoff amounts and deposits money into the drop box. This term is mainly used in blackjack games, meaning to reshuffle the cards. Financial hub of a casino.

It is usually in this tightly controlled environment that most of the large money transactions take place. Dealers call this changing colors because chips are recognized more readily by their color than by the amounts marked on the top of them. Short for complimentary, comps are things that are given away by the casino to its customers.

Depending on the level of play or average amount of wagers placed by the customer, this can include anything from free drinks to luxury suites that come with a full-time butler and private jet transportation.

Action whereby a dealer forms smaller stacks of chips from tall stacks that have collected on the table. This is done so the pit personnel can easily count them from a distance. Term used in blackjack meaning to double the original bet. The player then receives one additional card.

Casino employee who helps supervise the dealers at gaming tables and watches for any problems or irregularities. What casino workers and gamblers jokingly call dice.

What dealers in Las Vegas call a good tipper. A gambler who slowly works through his bankroll, betting very conservatively and in small amounts. Activity in which coin hard currency is counted. It is usually done in a special room under tight security. In simple terms, the mathematical winning edge a casino has provided for itself. This is done by manipulating the game rules and payoff amounts, ensuring that the casino will maintain a certain level of profitability.

Industry term for special high rollers who casinos cater to using a variety of comps.

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