Igaming is a term that refers to online gambling, such as casino games, poker, sports betting, and lottery. There are many igaming terminologies that you might encounter when playing or learning about these games. Here are some examples of common igaming terms:
- Bonus: A reward or incentive offered by an online gambling site to attract or retain players. Bonuses can be in the form of free spins, cash, or credits that can be used to play games or place bets.
- House edge: The mathematical advantage that the casino or gambling site has over the players in the long run. The house edge varies depending on the game and the rules, but it ensures that the casino or site makes a profit over time.
- Jackpot: The largest possible payout or prize that can be won in a game or a slot machine. Jackpots can be fixed or progressive, meaning they increase with every bet placed until someone wins them.
- RNG: Short for random number generator, a software program that produces random and unpredictable outcomes for games and slot machines. RNGs ensure that the games are fair and unbiased, and are regularly tested by independent auditors.
- Wagering requirement: A condition that applies to bonuses or promotions, requiring players to bet a certain amount of money before they can withdraw their winnings. For example, if a bonus has a 10x wagering requirement, it means that the player has to wager 10 times the amount of the bonus before cashing out.
- Payline: A line or pattern of symbols that determines a win or a payout in a slot machine. Paylines can be horizontal, vertical, diagonal, or zigzag, and can vary in number and shape depending on the slot machine.
- RTP: Short for return to player, a percentage that indicates how much of the money wagered on a game or a slot machine will be paid back to the players over time. For example, if a game has an RTP of 96%, it means that for every $100 wagered, the game will pay back $96 on average. The higher the RTP, the lower the house edge.
- Bankroll: The amount of money that a player has available for gambling. A bankroll can be influenced by factors such as wins, losses, deposits, withdrawals, and bonuses. A good bankroll management strategy can help players avoid losing more than they can afford and maximize their chances of winning.
- Odds: The probability or likelihood of an event happening or not happening in a game or a bet. Odds can be expressed as fractions, decimals, or percentages, and can vary depending on the game and the market. The higher the odds, the lower the probability and the higher the potential payout.
- Live dealer: A real person who deals cards, spins wheels, or hosts games in an online casino via live video stream. Live dealer games aim to recreate the atmosphere and experience of a land-based casino, allowing players to interact with the dealer and other players through chat features.
Leave a Reply