If you are new to online gambling, it is worthwhile to get your head around all those gambling terms that you find popping up when you play online. There is a whole lingo associated with gambling and this is even truer for online gambling. There are many gambling terms that are associated with specific games and it is important to learn those terms when you are learning the rules of the game you plan to play. In addition, there are terms that are general to most online casino games and here we will look at a few of the more common terms that you might come across when gambling online.
This is the amount of money that the player has set aside for gambling.
This is the amount of money you must pay to enter a game or tournament.
This is the section of the casino that deals with transactions. You need to visit the cashier to choose a deposit or withdrawal method and to complete all transactions.
It can also be referred to as a withdrawal. This is the process of exchanging your chips for cash.
These are points that the casino awards for real money play. Typically, they can be accumulated and redeemed for cash or casino credits. They form part of the loyalty program of the casino.
This is a term used to describe a payout of 1 to 1. In other words, if you win, you are paid out an amount equal to your wager.
This refers to Jacks, Queens and Kings in a deck of cards.
This refers to the group of cards that a player holds in a card game.
This is the name given to a player who places large bets.
This is the casino’s advantage in any bet that is placed. It is generally expressed as a percentage.
This is the limit that each casino sets for bets on specific games. This limit will vary between casinos and between games.
This is the payout that the casino will award for a win. It is different to true odds.
The amount that a player is paid when he wins.
The table that shows the payout for specific combinations. A pay table is specifically available in slots games and can be viewed on the machine.
Random Number Generator
Random number generator or RNG is a computer chip that randomly selects numbers or symbols to produce an outcome in a game. It also determines a slots game’s specific payout percentage.
This is the minimum and maximum amount of money that can be bet on any specific table game.
This is the term given for a commission that is charged by a casino for wins. Some games attract a vigorish.
This is a term that is generally used to describe a player who is a member of the loyalty program of the casino. VIP players will attract specific benefits.