Australians are the heaviest gamblers in the world; an estimated 82% of Australians bet. That is twice as much per capita as Europeans or Americans. Yet, Australia, with less than 1% of the world population, has 20% of the world’s poker machines. Thus said, the world’s biggest gambler is a Greek, Archie Karas, who at one stage won $17 million but also lost $13 million playing dice.
In gambling language, for a gambling house a “sure-thing” is a wager that a player has little chance of winning; “easy money” is their profit from an inexperienced bettor, an unlucky player is called a “stiff.”
The term “smart money” refers to gamblers who have inside information or have arranged a fix, the gambling term for insuring the outcome of an event by illegal methods.
Small-time gamblers who place small bet in order to prolong the excitement of a game are called “dead fish” by game operators because the longer the playing time, the greater the chances of losing.