Slots Glossary – O

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# Odds – The amount of money that will be paid out if a wager wins.
# Off – A reference to losing bets.
# Off-track Betting – To place a racing bet while not at the racetrack.
# On Tilt – A term for a bad judgement that results in a losing hand in poker.
# One-roll bet – A bet that will decide the win on just one throw in craps.
# Open – A poker term referring to the person who wagers first.
# Outside bet – Opposite of the inside bet in roulette. The bet is wagered on the 12 or 18 numbers.
# Overlay – A wager where the player has an advantage over the house