Most online gambling games are simple, but the terms and phrases used to define and describe them aren't as easy for players to understand. There's so much slang in the gambling industry that it can be scary and confusing for new users to understand how to play games. In this guide, we'll cover the most common and important phrases you need to know when entering the world of online gambling.
To try your luck in gambling, the internet portal casino Aslan will help you, whose registration bonuses will help a novice start earning from the first spins.
Bankroll
A bankroll is the money a player sets aside specifically for gambling. A casual player may not need a separate bankroll, but a professional gambler is usually cautious and only plays with money specifically set aside for this purpose.
Wager
A wager is a way to place money on an event or game in the casino. Multiple bets can be made in one game.
Betting Limit
A betting limit is a restriction set by the casino on the amount a player can bet. You can often see the minimum and maximum bet for each casino game.
Bonus
A bonus is an offer or incentive often provided by online casinos to players for registration and/or making the first deposit. The most common bonuses are match bonuses, meaning the bonus amount depends on the amount of the deposit made.
Dealer
A dealer is a term used to denote a casino employee responsible for the roulette and other high-stakes tables.
Croupier
A croupier is a casino employee responsible for dealing cards to players and overseeing the overall progress of the game. Dealers may be required in games like baccarat, blackjack, and poker.
Expected Value
This term denotes the income a player can expect on average in the long run from a specific bet. The value can be positive or negative, mainly depending on whether the bet is profitable or not.
eCOGRA
eCOGRA is a London-based organization that has been approved for monitoring online casinos and providing them with approval seals after ensuring their fairness. It was originally created by Microgaming.
Jackpot
A jackpot is a large payout on a slot machine or in any other game. The word "jackpot" is mainly used to denote a special prize that may be progressive.
Fixed Odds
A fixed odds game is a game where the odds of winning and payouts are fixed. Examples of fixed odds games include scratch cards and horse racing simulators. In a broader sense, this term applies to most slot machines and table games, although it is mainly used for "specialized" games. But it does not apply to sports betting and games like poker where the odds and probabilities of different events are unknown.
Betting
Placing a wager on an outcome that is unknown.
Optimal Strategy
A set of games that allow a player to maximize profit from playing in a casino. Optimal strategy is mainly used in video poker and blackjack, although it can also be applied to many games where players have to make strategic decisions.
Random Number Generator (RNG)
An RNG is a device that generates a random, unpredictable sequence of numbers. This can be done at several stages involving RNG device algorithms and other factors such as mouse movement, temperature, atmospheric pressure, and everything else that is unpredictable. While there are many applications of RNGs, in this case, they are mainly used to determine the outcomes of games in online casinos, where cards need to be dealt, dice need to be rolled, or other random events need to occur.