Casino Terms Used by Players and Owners
No player or casino owner should expect to succeed from their first steps in the industry if they don’t quickly learn how an online casino works. There are dozens of excellent new websites popping up every month, and the innovative technology and limitless features of each one are even better than the previous ones. Even as you begin to familiarize yourself with this gambling industry, we have compiled a glossary of the most common casino terms. Undoubtedly, there are many other words. However, our dictionary is enough to get you started.
A casino is often referred to as an affiliate by a company or individual who receives remuneration for finding potential players and referring them to a particular casino.
The amount of money available to a player
Limit bets
The maximum and minimum amounts a player can deposit.
bonuses that are given to a player as a reward for participating in a particular game or performing certain actions.
Casino Championships are a set of games run by online casinos, in which players from all over the world can participate. The winner of the championship will be rewarded with a cash prize. These days, the most famous championships have turned into highly anticipated international events.
Cryptocurrency is virtual but rather unstable money that a player can use in the game if needed. The winnings can be used to raise levels or buy things in the game. Cryptocurrency can often be exchanged for real money. Bitcoin is a well-known example of a stable high value cryptocurrency.
Free spins are a method of rewarding players for joining the game, in the form of a welcome bonus which can be found below, or for continuing to play, in the form of bonus rounds as the game progresses to keep players in the game longer.
A high roller is an experienced player who likes to take risks and bet big.
Casino win (House Edge)
a guaranteed percentage of the revenue that the casino receives from players.
Jackpot: the amount of money a player can receive if they win. Jackpots can be fixed or cumulative. Fixed jackpots have a certain amount of prize money. When players invest in one or more linked casinos, the accumulative jackpot gradually increases.
Odds: the probability of the outcome on which a player has placed a bet.
Online casino deposit procedures Most often, casinos accept a variety of payment methods, including e-wallets, bank transfers and credit and debit cards.
Player Payout Ratio combined with Return to Player Ratio (RTP)
The ratio between a player’s contribution to a game and the amount they can expect to be refunded. The RTP of recommended games usually does not fall below 95 percent.
