Cee-lo is a
gambling game played with three six-sided
dice. T
here is no one standard set of rules. There are some constants that hold true to all sets of rules. The name comes from the Chinese
Sì-Wŭ-Liù (四五六

, meaning "four-five-six". In America it is also called "See-Low," "Four-Five-Six," "The Three Dice Game," "Chinchirorin," and by several alternative spellings, as well as simply "Dice." In China it is also called "Sānliù Bàozi" (三六豹子

, or "thirty-six leopards".
The constants include the number of dice used, which is always three. All rules describe certain winning combinations that can be rolled, and 4-5-6 is always treated as a winning combination for the first player who rolls it (
though in some variants without a banker, it may be possible for several players to make a "winning combination," requiring a second shootout). Besides the winning combinations, all Cee-lo rules include certain rolls that establish a "point," and there are situations where two or more players will roll and compare their points to determine a winner.
The various sets of rules can be divided into two broad categories according to how betting is handled. In
banking games, one player serves as a banker, who covers the individual bets of the other players, each of whom competes directly with the bank. In
non-banking games, each player has essentially equal status, and rules must exist for the players to pool their bets and attempt to win from a common pot.
Described here is one variant of a banking game, followed by some rules for non-banking games, and other common variants.
That is from wiki. bolded the parts that should answer your question.
http://en.wikipedia.org/wiki/Cee-lo