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In gambling, odds represent the probability of a particular outcome occurring in a game or bet. They determine how much a player can win relative to their stake and are fundamental in casino games, sports betting, and lotteries.
A casino operator is a company or entity that owns, manages, and runs a gambling establishment, whether land-based or online.
In the casino, players refer to ‘optimal play’, which essentially means achieving the best possible outcome through the best possible conditions.
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A “payout” in gambling refers to the money or winnings a player receives after successfully placing a bet or winning a game.
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‘Revenue share GGY’ refers to the proportion of the Gross Gambling Yield which is shared between parties such as shareholders and partner companies.
‘ROI’ stands for ‘return on investment’. It is the total financial value of investment, minus the cost of acquisition, it is a crucial casino metric.
In dice games like craps, ‘rolling’ is the act of throwing a die or several dice at the same time, in order to land a score.
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Sports betting is a form of gambling where individuals place wagers on the outcome of sports events. It blends knowledge, strategy, and luck, appealing to sports enthusiasts and gamblers alike
A stake refers to the amount of money a player wagers on a casino game, sports bet, or gambling event. It represents the risk a player takes in hopes of winning a payout.
A ‘stand off’ is a head to head clash between two players or between a player and the dealer, and also a phrase sometimes applied to a tiebreak situation.
In online slots and video slots, wild symbols have become increasingly common. They are substituted for any other symbol to complete a winning combination.
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Table games refer to casino games played on a physical or virtual table, managed by a dealer or croupier.
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A VLT, or video lottery terminal, is a type of gaming machine which allows players to place a wager on the outcome of a lottery video game in a casino.
Volatility is a way of calculating the element of risk attached to a casino table game or video slot.
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A wager refers to the amount of money a player stakes on a bet in a casino or gambling environment.
The online gambling industry uses unique terms and jargon. Some who plays at online casino sites, perhaps players who are new to gambling, might benefit from this glossary. You might be curious about social gaming or want to check out a list of Sweepstakes Casinos. Perhaps you’re a cryptocurrency aficionado and want to find the best crypto casino.