Gambling Glossary
By Gambling Industry News - Friday 19th August 2022 12:41 AM
- House Edge Gambling Glossary [Updated ]
- Jackpot
- Pay-line
- Pay-line is the term used in the world of slot machines to describe the lines / configurations which count towards symbol matching on a slot machine to count as a “win”. A simple 1 pay-line slot with a 3×3 reel configuration pays across the center of the reel matrix – i.e. if three symbols match across the center reel.
- Return to Player
- Return To Player (RTP) is the effective theoretical long-term payout percentage of funds played on a game which is paid back to players of the game.
- Gambling Glossary [Updated ]
- A progressive jackpot is a prize-pool on a gambling game (usually a slot machine) which has a prize-pot which increases progressively with every play.
- Gambling Glossary [Updated ]
- High Roller
- Also known as a “VIP Player” or “a whale”, this is a gambling establishment customer who fits a profile of generally depositing big, and spending large sums of money on gambling sites (land-based, or online) playing high stakes table games, poker and jackpot games
- Face Cards
- From a standard deck of 52 playing cards, face cards are those with a face shown on the card – Kings, Queens and Jacks. With 4 of each, there are 12 face cards in a standard deck of cards.
- Double Down
- A double down is a second bet of equal value to an initial wager.
- Deposit
- A deposit is funds or tokens deposited into a customer’s betting, casino or poker account in order to gamble.
- Dealer
- A casino employee who deals the cards to players participating in card-based gambling games like blackjack and poker.
- Vigourish Gambling Glossary [Updated ]
- iCasino
- Online casino gambling (as opposed to land-based casino gambling in casinos, card-rooms, cruise-ships, bingo-halls etc).
- OSB
- An acronym for online sports-betting
- Free Spins
- Zero cost plays on a slot machine – often used as part of a promotion for new depositing customers by online casinos. With free spins, players can win real money however most casinos add a play-through requirement before a cash-out of funds won from free spins can be made.
- No Deposit Free Spins
- Real money plays on a slot machine which are given to a player by an online casino – without them having to first deposit any funds. This type of gambling promotion is a common one with online casinos – used to give customers an opportunity to play new game titles, and also in some cases to reward customer loyalty.
- Rakeback
- Rake refers to fees paid by poker players to the card room as fees when they enter tournaments, and as contributions from cash-game pots they win (a small % is usually deducted from each hand which goes to a flop for “the house”). Rakeback is an arrangement where the card-room or casino gives a player a rebate of a significant portion of their total rake contributions over a given time-period.
- The Nuts
- This poker expression refers to the best possible poker hand which a player can have on a specific board (flop, turn, or river) or run-out of cards in a poker game. In Texas Hold’em Poker, pocket Aces [pokercards cards=”Ah Ad” deck=”4 color”] is “the nuts” pre-flop (when players only have two hole-cards), while the nuts in any poker game is a Royal Flush [pokercards cards=”Th Jh Qh Kh Ah” deck=”4 color”]
A casino jackpot is the largest available prize on any given gambling game (video poker game, slot machine, progressive jackpot game, scratch-card etc).
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