Gambling Handle
Gambling Handle
People with gambling addictions often end up deep in debt. When gambling debt becomes a problem, the debt has often gone beyond money owed to casinos or riverboats. Instead, you may have credit card debt, loan debt, and even home equity debt all associated with gambling problems. Many people with a gambling problem end up filing for bankruptcy. A name or term by which something is known, described, or explained. The total amount wagered on an event, series of events, or for an entire season or seasons, as at a gambling casino or in horse racing: The track handle for the day was over a million dollars. The total amount of money taken in by a business concern on one transaction, sale, event, or series of transactions, or during a specific period, especially by a theater, nightclub, sports arena, resort hotel, or the like. For the mal-informed, casino Handle is how much money is wagered during a given time period, while the Hold is how much money the casino actually keeps. Consider a six player blackjack table where each player bets $100, and four players lose and two players win. The Handle for the round is $600 where the Hold is $200.
In sports betting lingo, the term handle is often used by the bookmakers to describe the total amount of money wagered over a specific period of time. In that case this term usually refers to total bets over multiple games, particularly during a longer series of pre-scheduled events. When dealing with the total bets placed on one game, the term action is usually used instead.
Please note that the term handle may also refer to the total amount of bets taken. In that case, the bookmaker would be talking strictly about the number of bets – the amount of money taken or the money won/lost would be irrelevant in such a case.
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Regrettably, determining the exact meaning of this term in a specific situation depends solely on the context, which means that inexperienced bettors might get slightly confused when reading about this issue.
Usage Example
Casino Handle
“This season’s handle was significantly larger than the previous one.”
Handle Gambling Definition
Trivia
Gambling Handle
Super Bowl betting tends to generate the biggest handle of the year for most online sports books. Bookmakers track their handle to gauge which sports and betting lines are the most popular, which allows them to set up new betting lines in the future.