
The term ‘Color of Money’ is used in wagering and betting systems very frequently. However, this term has nothing to do with poor strategies or judgment on a game. On the contrary, when the term is used it most often means to invite someone to back their own judgment by placing a bet.
We’ll illustrate this to you with an example: If you were seated in a betting joint with a few sports betting friends and one of them makes specifically a confident statement like ‘I bet you anything they will not be able to stay in the contest after that’, you could say, ‘Ok, show me the color of your money and I’ll take that bet.’
In order words, you are using the color of money phrase to turn his imaginary bet into a real one. Obviously, before you do this you should really think twice and think hard enough about whether betting on an opposing point of view is likely to be profitable.
Another use of the term color of money is to ask for proof that a person has enough money on them to cover a bet they have just proposed to make. So, if you see two flies crawling down the wall of a betting joint (as it happens far too often, which is why we prefer to wager with online sports gambling sites and play other games at online casinos) and your friend proposes to bet you $5 on the fly on the left to take off before the fly on the right, then you might say ‘Let’s see the color of your money and we’re on’. In other words, you’ll agree to the bet if you know he has the money on him.
The Color of Money was also the label of a very good novel by Walter Tevis and a movie of the same name that starred Paul Newman and Tom Cruise. Also about betting, but in pool a sports bet like no other.