Dictionary Entry

Payoff Odds

In:Casino

Definitions

  1. These odds are posted on the casino tabless. Payoff odds specify how much a winning wager will be paid for each wager or chip that was bet. The casinos post the 'payoff odds' in terms of the number of cheques won relative to the number of cheques bet.

Related Terms & Definitions: Ace, All-In, Audition, Backer, Bankroll, Bankroll House, Bar, Barber Pole, Full Dictionary