A Way with Words Posts

flip

flip  v.— «It’s hard for me to feel sorry for guys that are driving three Mercedes and living in million-dollar homes and worrying about six or seven pounds because they have to ‘flip,’” Lukas said. (Flipping is racetrack parlance...

whale

whale  n.— «In the parlance of the casino industry, a huge bettor like Mr. Kashiwagi is a “whale,” which surely makes Mr. Trump his Ahab.» —by Robert Johnson Wall Street Journal June 28, 1990. (source: Double...

takeout

takeout  n.— «The OJC receives 9.5 cents per dollar wagered through the mutuels and turns back approximately 50 per cent of its takeout to the horsemen in purses.» —“Backstretch bookmaking at racetrack, OPP charge” by James...

rebate shop

rebate shop  n.— «Rebate shops have no such overhead to cover and give most of it back to their customers. Typically, that amounts to between 3 and 12 per cent of the amounts bet, even as high as 18 per cent on some exotic bets...