Payoff (Gambling term)

A “payoff” is the amount of money that a player wins from a bet or a gambling game. In gambling, a player makes a wager, and if they win the wager, they receive a payoff that is determined by the odds of the bet and the amount of the wager. The payoff is the amount of money that the player receives in return for their wager, and it is typically paid in cash or in chips. The size of the payoff can vary depending on the game being played, the odds of the bet, and the amount of the wager. In some cases, the payoff may be a fixed amount, while in other cases it may be a multiple of the wager, such as double or triple the wager.