A “cold table” in gambling refers to a table game, like craps or blackjack, where most players are losing. The term is used in a subjective and superstitious sense, as there’s no actual change in the odds of the game. It’s based on the perception of players and their recent experiences at that particular table.
In games like craps, where player interaction and mood can significantly influence the overall atmosphere, a cold table might be one where players are less enthusiastic or more pessimistic due to a streak of losses. This term is part of the gambling vernacular and reflects the tendency of players to attribute winning and losing streaks to luck or other non-scientific factors, even though the outcomes of these games are governed by chance and the inherent house edge.