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Chalkboard lesson · Betting Slang

What does stiff mean in gambling?

The short answer

To not pay a gambling debt — in either direction. A player who loses and disappears is a stiff, and so is a book that won't pay a winner.

Watch the lesson

Chalkboard lesson explaining Stiff with a worked Stiff example.Play the Stiff video

Betting slang explained

Knowing the language is step one — knowing the true price is the edge. The Cold Line’s signal desk tracks the no-vig fair number and the closing-line value behind terms like this, before the market moves.

In plain English

Credit betting settles after the fact, and a stiff is whoever never settles. Players who walk get blacklisted; books that don't pay winners are the scummiest operators in gambling — the first question about any book is always: do they pay?

What to remember about Stiff

The definition

To not pay a gambling debt — in either direction. A player who loses and disappears is a stiff, and so is a book that won't pay a winner.

In plain English

Credit betting settles after the fact, and a stiff is whoever never settles. Players who walk get blacklisted; books that don't pay winners are the scummiest operators in gambling — the first question about any book is always: do they pay?

Example in context

"Slow-Pay-or-No-Pay Donnie strikes again — stiffed him on a five-dime winner, stopped answering the phone the one week Joey finally hit."

Questions about Stiff

What does stiff mean in gambling?
To not pay a gambling debt — in either direction. A player who loses and disappears is a stiff, and so is a book that won't pay a winner.
What does stiff mean in plain English?
Credit betting settles after the fact, and a stiff is whoever never settles. Players who walk get blacklisted; books that don't pay winners are the scummiest operators in gambling — the first question about any book is always: do they pay?
Can you give an example of stiff?
"Slow-Pay-or-No-Pay Donnie strikes again — stiffed him on a five-dime winner, stopped answering the phone the one week Joey finally hit."

Check yourself

Term quiz

Check yourself: Stiff

0/3 answered

1.To stiff someone in gambling means…

2.Why is stiffing described as the one thing you do not come back from?

3.Who else pays when a player stiffs?

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