What is a ‘Stake’?
‘Stake’ is another term for ‘bet‘ or ‘wager‘. A player ‘stakes’ their money against an outcome, in the hope of receiving more money in return. Some games, such as poker at certain casino tables, will be referred to as ‘high stakes’ play. This means that large amounts of money are being wagered. The ‘stake’ is the amount won or lost in a bet. ‘Stake’ can also refer to the fee paid by a horse trainer in order to enter a race, which goes towards the prize fund. Bettors will want to know which race trainers have paid their ‘stakes’ and in which ‘stakes’ their favourite horses are entered.
In general gambling terminology, a ‘stake’ is simply a wager or a bet. The stake might mean the money itself, i.e. the amount wagered. It could also mean the act of making a bet, as in ‘to stake a bet’. The use of ‘stake’ often implies a high amount and might actually be used as such, in the phrase ‘high stakes’. However, a ‘stake’ could be any amount. When a bet is placed and lost, the stake is also lost. If a bet is won, the stake is returned along with a proportional increase of the wager, based on the odds at the time of betting.
Players can place their stake on any casino game. A bet on the slots, on the craps table, on a poker hand or at the roulette wheel is a ‘stake’ and it works in the same way as any sports bet or straight wager. Many casinos split patrons into ‘high stakes’ and ‘low stakes’ players, enabling them to offer the right level of gaming and also the right amount of comps and gifts. Players who stake more will be rewarded more by the establishment they play at.