Gambling Glossary – O

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Odds
The amount that you will win on a bet.

Off
When you lose a bet.

Off-Track Betting
Bet by people who are not at a racetrack.

On Tilt
Poor judgment giving a negative reaction to a losing poker hand.

One Roll Bet
A bet that will win or lose in Craps on the one roll of a dice.

Open
A player who bets first in Poker.

Outside Bet
A bet that is placed on the outside of the table in Roulette where the numbers 12 and 18 are bet on.

Overlay
A bet where the player holds the advantage over the house

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