Craps Rap - "P"

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Parley To leave your winnings in action.
Pass Bet Betting that the dice will pass, also referred to as a "pass line" bet. This wager is usually placed immediately prior to a "come out" roll, though you can place or increase this bet at any time. House edge on this wager is 1.41 per cent.
Past Posting Illegitimate positioning of a bet after the dice land with a result. Also the positioning of a bet on the "Don't Line" after a point has already been established.
Paying Behind Generally called & executed by dealer when paying off Don't Bets.
Penny Dealer's slang for one dollar gambling chips.
Pit The enclosed area containing a casino's craps tables. Floor men walk inside the pit & keep a lookout on the craps games in action as well as the casino's employees.
Place Bet A wager that a particular number (4, 5, 6, 8, 9, or 10) will be rolled before a 7 appears. These wagers are paid at slightly less than correct odds, giving the casino an edge of 1.52 percent on 6/8, 4 percent on 5/9, and 6.67 percent on 4/10.
+ A card given to a player by a casino to computer-track his/her gambling action in exchange for comps.
Player Position A standard Craps table comprises 8 player positions on either side. They're numbered 1-8 from the Stickman to either Dealer. This is how dealers sequence pay-offs to players on winning bets & the way in which dealers position player wagers on the table layout.
Power Press A technique employed by many players for maximizing parleys on Place Bets.
Press Your Bet When a Place Bet is rolled (hit) the player doubles their wager.
Pressure A call by gamblers to notify dealers to double their wager on a particular bet.
Protection (also Game Protection) Dealer is responsible for scrutinizing & managing their end of the table. Stickman handles Proposition Bets & oversees the pay-offs of a dealer servicing the end of the table where the dice were thrown. Boxman confirms the correctness of the result of the dice & observes pay-offs at the end of the table from where the dice were rolled.
Proposition Bet A one-roll bet usually on the horn numbers (2,3,7,11, and 12)
Purple Reference to $500 gambling chips which are generally purple.