I've looked up the continue key word but I'm still not quite understanding what role its playing in the if statements. I'm assuming this says continue on and treats the elif like an if statement, but I'm not sure why not just use an if statement instead of an elif statement with continue.
If that is the case, all those those conditional statements need to be checked no matter if is true or false. Why not just use an if statement instead of an elif?
If I'm understanding continue correctly, what is the reason for the last one because a new if statement is right after it? Wouldn't it naturally just continue to that if statement? 
while True:
    start= input('Press q to quite, enter any other key to start')
    if start.lower()=='q':
        break
    #pick a random words
    word=random.choice(words)
    wrong_guesses=[]
    right_guesses=[]
    while len(wrong_guess) < 7 and len(right_guesses) != len(word)
        #draw spaces
        for letter in word:
            if letter in right_guesses:
                print(letter, end='')
            else:
                print('_', end='')
            print('')
            print('strikes: {}/7'.format(len(bad_guesses))
            print('')
   #take guess
    guess= input('guess a letter: ').lower()
    if len(guess) != 1:
        print('You can only guess a sinlge letter!')
    #what is this>>>    continue
    elif guess in wrong_guesses or guess in right_guesses:
        print('you\'ve already guessed that letter!')
        continue
    elif not guess.isalpha():
        print('you can only guess letters!')
    #what is this>>>    continue
    if guess in word:
        right_guesses.append(guess)
        if len(right_guesses)==len(list(word)):
            print('You win! The word was {}'.format(list(word))
            break
        else:
            wrong_guesses.append(guess)
    else:
        print('you didnt guess it! My secret word was {}'.format(word))
 
     
     
    