Top Ten Online Gambling Terms You Need To Know

By Ryan White Updated: June 2022

Gambling is a popular activity all around the world, and it’s easy to see why when you’re greeted with casino jargon. The language can be intimidating for new players but speaks volumes about how experienced these people are in what they do!

Understanding the basics of gambling will help you sound more professional when playing with experienced players. 

Gambling terms are used in most Australian online casinos, so it’s important to know what they mean! Here is a brief glossary that might provide some clarity on this topic:

Bankroll:

A bankroll is the sum of money set aside by players for gambling activities. To the player, this is the amount of money that will be used for playing pokies or other table games such as poker. For the casino, bankroll is the money that the operator has to pay out to the player for winning. 

Bet:

A bet is a wager placed by the player on the outcome of gambling activity, such as games or events. The player takes the money out of their bankroll and risks it.

Betting Limits and Max Bet:

Wagering money or credits has its limits. There is a certain amount of money or credit that you can bet at a time, which can start low or go high according to a scale. Max bet is the upper limit of how much you can bet on a game. It is one of the common pokies gambling terms. 

Bonus:

Online casinos offer special incentives to players for their loyalty. These incentives and special offers are provided to encourage the loyalty of existing players and as a reward for newcomers for registering. Online casino bonuses are several types and usually give a boost to a player’s winnings or chance of winning.

Welcome Bonus:

Casinos will offer attractive bonuses to bring more players. These bonuses are granted to new players for registration as thanks from the casino. They can be a combination of free spins, match deposits or cashback. Online casino sign-up bonuses are often spread across multiple deposits.

No Deposit Bonus:

A no-deposit bonus is one of the most attractive online casino promotions players will come across. These bonuses can be claimed without depositing any money offsetting any risk of financial loss. These bonuses are divided into two types:

Free Chips:

Free chips are a type of no-deposit bonus where the player receives a certain amount of free credits/money/chips to play casino games under a specified timeframe. Players can keep any of the winnings made from free chips if they exhaust the bonus within the timeframe. 

Free Spins:

The second type of no deposit bonus is where the player receives a certain number of free spins for pokies. Any winnings from free spins can be kept by the player. You can be awarded anything from 10 to 75 spins, but if pokies are played right, players might win extra in-game spins. 

Comps(Points-VIP)

Comps in online casinos are reward points given to the player as a complementary good from the casino or VIP loyalty program. Comps can be exchanged for exciting prizes or converted into real cash. 

House Edge:

online casino slang

House Edge is the casino’s chance of winning over the player. It is calculated as the ratio of expected player loss to the initial amount of bet. Every casino game comes with a house edge, the lower the edge the more advantage the player has. 

Jackpot:

Jackpot refers to the largest prize a casino game has to offer. Jackpot is mostly used by pokie machines and video slot players but it can also be used to describe the prize in several other casino games. Jackpots can be fixed or progressive. 

Payline:

Paylines are the line of symbols on pokie reels that shows when a winning combination lands. They are multidirectional. Pokies can have from 3 pay lines and up to 100.The outcome of these lines is completely random and will determine how much money can be made per spin.

RNG:

Random Number Generators (RNG) are algorithms in online casino games that create random numbers to determine the outcome of a game. RNG works to ensure fair and unbiased gameplay in casinos to create a game of chance. 

RTP:

Return to Player( RTP) refers to the percentage of total money wagered by the player on a casino game that will be paid back to the player over time. Most pokies have an RTP of 96% as the industry standard, but high RTP pokies will give you a better chance at winning big.

Wagering Requirements:

Wagering requirements, also known as playthrough requirements, are the amount a player has to wager in order to withdraw their winnings.  The specified bet or money wagered must be made before any withdrawals are made from bonuses. Pokies usually contribute more to the requirements than table games.

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Gambling is all about having fun, but it can also be an opportunity for you to have some great experiences. Using casino jargon will not only help boost your performance or make a good impression on other players and dealers; understanding the meaning behind these terms may even give tips that will ensure better decisions when wagering strategies as well as identifying potential pitfalls if they arise! There are many slang words used by online casinos in Australia – luckily though with just basics under your belt, you’ll surely become more competitive at the table or at home online.

Gamblers should know the terms used to in every transaction

Gamblers need to know the terms in the article