Betting A-Z: P – The Ultimate Encyclopaedia for All Your Betting Needs
Pair: In poker, a pair refers to a hand with two cards of the same rank, such as two 6s or two Kings.
Parlay: A parlay is a bet that combines multiple selections into a single wager. To win a parlay, all of the selections must be correct.
Patent: A patent is a type of bet that consists of three selections and seven bets – three singles, three doubles, and one treble.
Patent Bet: A patent bet is a type of wager that consists of seven bets on three selections. It includes three singles, three doubles, and one treble.
Payout: The payout is the amount of money a bettor receives if their wager is successful. It is calculated by multiplying the odds by the amount of the wager.
Perfecta: A perfecta, also known as an exacta, is a type of bet in horse racing that requires the bettor to pick the first two finishers in the correct order.
Permutation: A permutation is a type of bet that covers multiple combinations of selections. For example, a permutation of three selections would cover all possible combinations of those three selections.
Pick 3: A Pick 3 is a type of bet in which the bettor must select the winners of three consecutive races.
Pick 6: A Pick 6 is a type of bet in which the bettor must select the winners of six consecutive races.
Pick 7: A Pick 7 is a type of bet in which the bettor must select the winners of seven consecutive races.
Pick 8: A Pick 8 is a type of bet in which the bettor must select the winners of eight consecutive races.
Pick and Mix: Pick and mix is a type of bet in which the bettor selects a number of horses to win or place in different races.
Pick’em: Pick’em is a term used to describe a betting situation in which the odds are even or the teams are evenly matched.
Pit Boss: A pit boss is a casino employee who oversees a particular area of the gaming floor.
Pitch: In casino games, the pitch refers to the act of shuffling and dealing cards.
Place: In horse racing, a place bet is a wager on a horse to finish in first or second place.
Place Bet: A place bet is a type of wager in which the bettor selects a horse to finish in either first or second place.
Placepot: A Placepot is a type of bet in which the bettor must select a horse to place in each of the first six races at a particular race meeting.
Play Through: Play through is a term used in casino gaming to describe the amount of money a player must wager before being able to cash out.
Player Banker: Player banker is a term used in casino games such as baccarat, where players can bet on either the player or the banker to win.
PLO: PLO is an abbreviation for Pot-Limit Omaha, a popular poker game.
Pocket Cards: In poker, pocket cards refer to the two cards dealt face down to each player at the beginning of a hand.
Point Spread: A point spread is a type of bet that is commonly used in sports betting. It is a handicap that is placed on the favorite team in order to make the betting more even. The point spread is the number of points by which the favorite team is expected to win. The bettor can either choose to bet on the favorite team to win by more than the point spread, or on the underdog team to lose by less than the point spread.
Poker Face: A poker face is a blank expression that a poker player uses to conceal their emotions and thoughts from other players. It is important in poker to have a good poker face so that opponents cannot guess what cards the player may have.
Pole Position: Pole position is a term used in motor racing. It refers to the position at the front of the starting grid, usually occupied by the driver who has set the fastest time in qualifying.
Pony: A pony is a slang term used in horse racing to refer to a bet of £25.
Post Time: Post time is the scheduled start time for a horse race.
Pot Limit: Pot limit is a type of betting structure used in poker. In pot limit, the maximum bet that a player can make is equal to the size of the pot.
Pot Odds: Pot odds is a term used in poker to describe the ratio of the size of the pot to the size of the bet. It is used to determine whether or not a bet is mathematically profitable.
Pre-Flop: Pre-flop is a term used in poker to describe the period of the game before the flop, when players have only been dealt their hole cards.
Pressing: Pressing is a betting strategy where the bettor increases the size of their bets after a win.
Price: Price is a term used in sports betting to refer to the odds that are offered on a particular event.
Price Boost: A price boost is a promotion offered by bookmakers where the odds on a particular event are increased in order to attract more bets.
Prize Pool: The prize pool is the total amount of money that is available to be won in a particular tournament or competition.
Profit: Profit is the amount of money that is made after deducting the costs of an activity. In sports betting, profit is the amount of money that is won after deducting the amount of money that was bet.
Progressive Jackpot: A progressive jackpot is a type of jackpot that increases in size every time a player places a bet. The jackpot continues to grow until it is won by a lucky player.
Proline: Proline is a sports betting system that is run by the government in some provinces of Canada. It offers a limited range of betting options, including point spread and over/under bets.
Prop Bet: A prop bet, or proposition bet, is a type of bet that is made on a particular event occurring during a game, such as which team will score first.
Public Betting: Public betting is a term used to describe the bets that are placed by casual bettors, as opposed to professional or sharp bettors.
Public Money: Public money is the money that is wagered on the favorite team or player in a particular event.
Puck: The puck is a small, hard rubber disc that is used in ice hockey.
Puck Line: The puck line is a type of bet that is used in ice hockey. It is similar to the point spread in other sports, and is used to handicap the favorite team.
Pull Up: Refers to when a horse is intentionally slowed down or stopped by the jockey during a race.
Punter: A term used to describe a person who places bets on sporting events.
Push: A term used in sports betting when the final score of a game lands exactly on the point spread, resulting in a tie between the bettor and the sportsbook.
Push Over: A term used in horse racing to describe a horse that is expected to easily win a race.
Pusher: A term used in poker to describe a player who plays aggressively and bets frequently in order to put pressure on their opponents.