If you’ve played at US casinos like Bovada for a long time, you will typically feel somewhat confident about the Gambling Terminology used at betting sites. However, if you’re new to the scene, the abundance of gambling-related terminology can seem confusing. Don’t worry, though. We’re here to help you out with a handy guide to some of the most common betting terminology that every US casino player should know.
RTP, Volatility, and Progressive Jackpots
The first three terms that we should look at concern slots, the most played games at US betting sites. Firstly, we have RTP. This naturally stands for return to player rate and, in a nutshell, is the amount of each bet (expressed as a percentage) that the casino puts back into a pot for you to win.
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Moving onto volatility, this determines the style of slot you are playing. Low variance games pay frequently but deliver small wins, but highly volatile games cough up massive prizes but only every so often. Slotsplus Casino has many different variance games.
Finally, we come to progressive jackpots. These are essentially uncapped prizes, with each new bet raising the total pot available. Once one player wins it, the jackpot resets to its default base level before rising again with each new bet.
Ante, House Edges, Naturals, Hot and Cold Numbers and Push
Let’s look at a few table game terms now. First up, we have an ante. This is the original starting bet that you will make in a table game. Secondly, we have a house edge. Consider house edge to be the opposite side of a coin that features RTP. If RTP is the amount of each bet a casino makes available for all players to win, the house edge is the amount the casino keeps. The higher the house edge, the less there is for you to win.
A natural is the best possible hand you can land from the start, such as an eight or nine in baccarat or a twenty-one in blackjack. Hot and cold numbers are something you should know but won’t need to worry about. They basically tell you which numbers have appeared frequently and infrequently. Lastly, a push is a term used to describe a draw, where the player’s bet is returned to them.
KYC, SSL, and Wagering Requirements Gambling Terminology
Let’s end with a few classic casino terms. KYC literally means Know Your Customer and is a process that casinos use to verify your identity. SSL commonly stands for Secure Socket Layer and is the type of encryption found at a US online casino. We also have wagering requirements; these tell you how many times you’ll need to wager any bonus you’ve received before you can withdraw winnings. Lastly, we have RNG. This stands for random number generator, and it is the algorithm and mechanism behind ensuring fair play in games.
We’ve got a couple of bonus terms for you here, too. Rogue/blacklisted are casinos that shouldn’t be trusted, as they are often unlicensed and unsafe, while high rollers are those players who have stacks of cash to splash, also known as whales.
Do I Really Need to Remember Any of This Gambling Terminology?
You don’t need to remember any of this if you don’t want to. However, if you wish to become a more accomplished, professional bettor, then we encourage you to learn at least some of the lingo involved in online betting.