Essential Gambling Terms Every Player Should Know

gambling terms

Find out the meaning of the most popular gambling terms so that you'll always be in the know about games and offers!

  • The online casino industry loves its acronyms and jargon, but it can be confusing to players.
  • On this page, you'll find the meanings of popular and important gambling terms to help you avoid misunderstandings.

Gambling Terms A - D

  • Action - A move that can be made by the player, such as hitting in blackjack. This gambling term could also refer to the amount of money that was put into play.
  • All-in - When a player wages all his or her table chips.
  • Ante - A mandatory wager that must be placed by one or more players at the table before the game can start or progress.
  • Bad Beat - A poker term that refers to a promising starting hand that is beaten as the game progresses.
  • Bankroll - The money at the disposal of a player. This could be just deposited funds or include a casino bonus.
  • Bet - A wager that is placed by the player on casino games or sports odds.
  • Betting limits - The minimum and maximum bets that can be placed by players.
  • Blinds - Wagers that players must place before being dealt their cards.
  • Bonus - A gambling site reward designed to incentivise players to open an account, place a deposit, or complete another task.
  • Bookmaker - A facility, such as Betfair Sports, that accepts bets for sports. A bookmaker is also referred to as a sportsbook.
  • Cashback - A type of bonus that is based on a player's previous wagers or losses.
  • Chips - Coloured discs that have a monetary value for casinos and are usually used in table games.
  • Classic slot - A slot machine or online slot that is based on the classic style of having three reels and one row.
  • Dealer - The person representing the casino at table games. The dealer participates in some games, such as in blackjack, or merely moves the game along, such as in roulette.
  • Deposit method - A banking option that is accepted to fund a player's gambling site account.

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Gambling Terms E - O

  • Even money - A standard payout that's equal to the player's wager. An even money bet would pay out $2 on a $1 wager.
  • Fixed odds - Odds that don't change and are commonly found in sports betting.
  • Freeroll - A type of bonus or ticket that lets players participate in a tournament with an entry fee for free.
  • Gambling - When a player bets on an outcome without knowing if it will materialise.
  • GAMSTOP - A UK-based voluntary self-exclusion system.
  • Gambler's fallacy - The incorrect belief that random events in the past will influence random events in the future.
  • Handicap - A method used by sportsbooks to even out a match that is significantly skewed to one side.
  • Hand - The set of cards held by a player or dealer.
  • Hit - An action that results in the player or dealer receiving an additional card.
  • House edge - The mathematical advantage held by the casino in any game. A 2.5% house edge means that, over hundreds or thousands of rounds, the casino will earn £2.50 for every £100 wagered by the player.
  • High roller - A player who places high-value bets.
  • Jackpot - A large sum of money that can be won by one or more players.
  • Match bonus - A type of gambling site reward that increases the value of your deposit by a set percentage. A 100% match, for example, would double the value of your payment.
  • Odds - Show the mathematical likelihood that a player would win a bet as well as the eventual payout should the player win.
  • Online casino - A web-based platform, such as Betfair Casino, that's designed to offer a variety of casino games, including slots and table games.

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Gambling Terms P - Z

  • Parlay - A type of sports bet that groups two or more events. To win this bet, all events must be predicted correctly, and while this is a hard bet to win, it also features significant payouts.
  • Paytable - A table that outlines the different payouts that can be won from a specific casino game.
  • Progressive jackpot - A jackpot prize that grows indefinitely with every wager, until it is won.
  • Poker - A series of games that are all based on a set of winning hands. Several of these games can be played against other players at Betfair Poker, while others are played against the house or in an electronic environment.
  • Pot limit - A game featuring a fixed bet size that is based on the value of the pot.
  • Random number generator (RNG) - A computer algorithm that's used in all virtual casino games and several live casino games to determine the random outcome of each round.
  • Rake - A percentage or flat fee for every poker hand played that's charged by the casino.
  • Return to Play (RTP) - A mathematical percentage that's used to determine the average bet that's returned to the player over hundreds of thousands of rounds. A 95% RTP means that the player is likely to get back £95 for every £100 wagered.
  • Rollover - Also referred to as a wagering requirement, this is a term that's oftentimes included in bonuses as a multiple. A 5x rollover means you need to wager your bonus five times before being allowed to withdraw it.
  • Scatter - A special slot symbol that is normally able to trigger bonus rounds.
  • Shoe - The custom-built box designed to hold multiple decks of cards in a table game.
  • Withdrawal methods - Banking options that can be used to withdraw funds from a player's gambling site account.

Key Takeaways

  • Gambling terms are commonly used by online casinos.
  • You're likely to become familiar with these terms over time.
  • If you don't understand a term or phrase, check this list or use our help centre.
  • There are hundreds of gambling terms and it's normal to be unfamiliar with some.
  • You should always gamble responsibly and seek help if you need it.

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