Cold is a widely used term that is also popular among online and land-based casino players. The term is most often used to refer to players who are on a losing streak or a slot machine that hasn’t been paying out throughout the night.
If you’re a casino regular, chances are you have heard someone referring to something or someone else being on fire. At the same time, you might have been advised to play on a specific slot machine because that slot is hot.
Naturally, saying that doesn’t mean that someone is actually on fire or that a machine is all heated up — it simply means they are on a lucky streak and that the players who have been playing on that machine have been winning.
As we all know, cold is the opposite of hot, which is why casino players have started using the term cold to refer to something or someone who is on a losing streak.