BetLegend’s Sportsbook Glossary

We've compiled a comprehensive glossary of 50 commonly used terms in online casinos, listed alphabetically, to help beginners better understand the terminology and improve their skills. Here are the essential terms and their definitions:

  1. Ante: An initial bet that a player makes before the start of the game.

  1. Bankroll: Refers to the amount of money that a gambler has set aside for gambling purposes.

  1. Bonus: Additional money credited to a player's account after achieving specific requirements.

  1. Cash Out: When a player is done with his or her gambling session and decides to withdraw their funds.

  1. Chips: A structured payment system representing players' account balances in a casino.

  1. Dealer: The casino employee who manages the game, deals cards, or spins the roulette wheel.

  1. Deposit: The act of transferring money into a player's online casino account.

  1. Edge: The advantage held by the casino or player in a particular game.

  1. Even Money: A bet with 1:1 odds, meaning the potential payout is equal to the amount wagered.

  1. Free Spins: Complimentary spins offered by an online casino on a specific slot game, usually as part of a promotion or bonus.

  1. High Roller: A gambler who consistently places large bets.

  1. House: Another term for the casino or the entity that manages the games and takes bets.

  1. House Edge: The statistical advantage the casino has over the players in a particular game.

  1. Instant Play: An online casino feature that allows players to access games directly through their web browser without downloading any software.

  1. Jackpot: The largest prize available in a casino game, often awarded for achieving a rare combination or event.

  1. Live Dealer: A feature in online casinos where real-life dealers manage table games via video streaming, providing an authentic casino experience.

  1. Lobby: The main area in an online casino where players can choose and access various games.

  1. Martingale System: A betting strategy where a player doubles their bet after each loss in an attempt to recoup losses and make a profit.

  1. Multiplier: A feature in some casino games that multiplies the player's winnings by a specified amount.

  1. No Deposit Bonus: A bonus offered by online casinos to new players without requiring an initial deposit.

  1. Odds: The numerical expression of the likelihood of a particular outcome occurring, used to calculate potential payouts for winning bets.

  1. Payline: A line on a slot machine that determines whether a spin is a winner or loser based on the symbols that appear on it.

  1. Payout Percentage: The percentage of money wagered by players that is returned as winnings over time.

  1. Progressive Jackpot: A jackpot that grows over time as a percentage of each bet placed on the game is added to the prize pool.

  1. Promotion: A special offer or incentive provided by an online casino to attract new players or reward existing ones.

  1. Random Number Generator (RNG): A computer program used by online casinos to generate random outcomes in games, ensuring fairness and unpredictability.

  1. Reels: The spinning columns in a slot machine that display symbols, typically consisting of three or five reels.

  1. Return to Player (RTP): The percentage of money wagered on a casino game that is paid back to players over time.

  1. Roulette Wheel: The spinning wheel used in roulette, featuring numbered pockets where the ball can land to determine the outcome of the game.

  1. Scatter Symbol: A special symbol in a slot game that can trigger bonus features, such as free spins or mini-games, when a certain number appear on the reels.

  1. Sign-up Bonus: A bonus offered by online casinos to new players who register an account and make a deposit.

  1. Slot Machine: A casino game featuring spinning reels with symbols, where players aim to match symbols on paylines to win prizes.

  1. Stake: The amount of money a player risks on a bet or wager.

  1. Stand: In card games like blackjack, a player's decision to not take any more cards, hoping their current hand will beat the dealer's.

  1. Table Games: Casino games played at a table, such as blackjack, roulette, and baccarat.

  1. Tournament: A competition in which multiple players participate, aiming to win a share of a prize pool based on their performance in a specific casino game.

  1. Video Poker: An electronic casino game that combines elements of poker and slot machines, where players attempt to create winning poker hands.

  1. VIP Program: A rewards program offered by online casinos to loyal players, providing exclusive bonuses, promotions, and other benefits.

  1. Wager: Another term for a bet or the act of betting.

  1. Wagering Requirement: A condition attached to a bonus, requiring players to bet a certain amount of money before they can withdraw winnings derived from the bonus.

  1. Welcome Bonus: A bonus offered by online casinos to new players, typically consisting of a match on their first deposit and/or free spins on selected games.

  1. Wild Symbol: A special symbol in a slot game that can substitute for other symbols to help create winning combinations.

  1. Withdrawal: The act of transferring money from a player's online casino account to their bank account or payment method.

  1. Zero House Edge: A theoretical concept where the casino has no advantage over the players, resulting in equal chances of winning for both parties.

  1. Blackjack: A popular card game where players aim to have a hand value closer to 21 than the dealer's without exceeding it.

  1. Baccarat: A card game in which players bet on whether the player's hand or the banker's hand will have a higher value, or if the hands will tie.

  1. Craps: A dice game where players bet on the outcome of a roll or series of rolls.

  1. Pai Gow Poker: A casino card game based on the Chinese domino game Pai Gow, where players attempt to create two winning poker hands from seven cards.

  1. Roulette: A casino game where players bet on the outcome of a spinning wheel, which features numbered pockets where a ball can land.

  1. Texas Hold'em: A popular poker variant where players aim to create the best five-card hand using two hole cards and five community cards.

These terms will help beginners navigate the world of online casinos and better understand the games, rules, and strategies involved. Remember to always gamble responsibly and enjoy the exciting world of online casinos!