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Casino
Being on a tilt is a poker term used to imply the condition of a player when he is frustrated and on an aggressive losing spree. Sounds like a scary situation but do not be surprised if you find yourself on a tilt every once in a while.
Coming to a tilt situation is not hard but avoiding it is harder. Most players reach a tilt after they have suffered a bad beat. For instance, you had a great set of cards in a game; the flop was a set of reasonably good cards.
Assuming that these are great cards to play with and you decide to do some aggressive betting. Follow this up with a few more good cards. You end up betting a lot of money and finally your one of your opponent has a straight of a flush or something.
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You end up with potentially good cards but no-win and end up losing a lot of money. In poker, this would be a bad beat.
If you are someone who thinks really positive or just plain lose sight of ground reality, you may tend to bet in a very similar manner in the subsequent games. Since you are playing with opponents, a smart adversary will recognize your vulnerable situation and put you on the defensive.
A player, who in on a beat is quite a lonely and frustrated soul. Most likely, such players are likely to lose perspective of the game and end up playing on cards that would have otherwise been discarded. Any decent opponent will play the bluff at this and the beat player will lose more money. This is when he hits a tilt situation, where the losses far outnumber the wins.
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