Top glossary terms used with online gambling

Published by CasinoTopsOnline on November 5, 2018 in Casino Tips

Casino Tips Gambling GlossaryIt’s always intimidating to take on something new especially when you’re not familiar with the glossary of terms used.  

Online gambling is one of the biggest sources of entertainment, but it can be a bit scary for new players.

To help you out we’ve compiled a list of the most commonly used online gambling terms to get you started.  

Online gambling glossary terms you need to know 

General Terms: 

  • Beginner’s luck: This term is quite common and used for more than just online gambling. It basically means that new gamblers tend to have a bit more luck in the winning department than frequent gamblers.  
  • Balance: As a new player this is one of the first terms you’ll come across. It refers to the amount of money you have in your online casino account. Your balance is used to make bets on the various online casino games available.  
  • Deposit: From the start the first thing you will need to do is make a deposit which means you need to place money in your account to play at the casino. The deposit will be added to your balance.  
  • Maximum Bet: Each and every online casino game has a limit placed on the maximum amount you can bet on it.  
  • Real Money: Actual funds that can be withdrawn without any requirements.  
  • Bonus Money: Funds that can only be used to continue playing at the casino.  
  • House Edge: This is the average profit the casino earns from your bet or the chance they have of winning over you. These are normally indicated with percentages.  
  • Random Number Generator (RNG): This is a mechanism that generates random numbers and combinations for every spin to ensure you have a fair gambling session.  

Casino Rewards Terms 

  • Bonus/Casino Bonus/Online Casino Bonus: This will quickly become one of your favourite terms as it brings you something extra. An online casino bonus is extra money to play at the casino which is generally given to encourage you to keep playing, increase your chances of winning or try different games.  
  • Cashback: Many online casinos offer you a cashback which is also a form of a casino bonus. This bonus offers you a chance to get back a percentage of your losses. These can be offered as real money or bonus money.  
  • Free Spins: This term is used for two things, the one is for online slots where free spins is a bonus feature which awards you a number of free spins which you don’t have to pay for. The other is a casino bonus which awards you a number of spins you can play on specific slots. In some casinos the latter is also referred to as Extra Spins or Casino Spins.  
  • Wagering Requirements: When it comes to most online casino bonus rewards you will be given wagering requirements in the terms and conditions. This is the total amount of time you need to play through your casino bonus or bet your deposit amount or both. These wagering requirements have to be met if you wish to withdraw winnings obtained from your casino bonus.  

These are some of the most frequently used online casino terms to help you start your gameplay smoothly. If you’re not sure where to play you can take a look at our list of top rated online casinos and choose your new virtual playhouse from there.