In this MiFinity Bonus Gambling Terms Guide, we help you navigate the exciting world of online casinos. If you’re new to the online casino world, it’s easy to get overwhelmed by the used jargon and terms that may seem foreign. But don’t worry, we’re here to help you make sense of it all.
Our comprehensive glossary is designed to offer you a complete breakdown of the most common online casino terms, gambling meanings, abbreviations and sayings related to online gaming. Let’s jump right in!
also known as ‘acca’, this sports betting term combines wagers from multiple games into one bet to create a bigger payout. All selections need to win for an accumulator to win.
an automatic card shuffler.
the amount of money that a player bets across an entire playing session.
in poker, a situation where a player bets all of their remaining chips or money in a single hand.
All or Nothing:
in Bingo, a ticket only wins on the condition that either all numbers picked by a player are drawn or none of them are drawn.
in Poker, a mandatory stake required from each player to be dealt cards in a hand.
a well-known table game that comes in various versions. In this game, players place their bets on whether the dealer or the player will have the winning hand from a 2 or 3 card hand. The winning hand is determined by achieving a cumulative points total closest to nine. It’s worth noting that face cards and 10s have no point value..
the person betting against all of the players at the table.
when a player has a hand that is unlikely to beat an opposing player’s hand.
a wager made during a game.
the set minimum and maximum bet amounts that each player can make.
a table game where players play against the dealer. To beat the dealer, players must score a hand of 21 points, or as close to, without going over (The winning hand is called a “Blackjack”).
in poker, the small and big blinds are the two players to the dealer’s left who must place bets before any cards are dealt.
an incentive that an online casino gives players for opening a new account and/or making a deposit.
an establishment that accepts bets on the outcome of sporting events.
the amount of money needed to participate in a card tournament.
in poker, match the same amount as the previous bet.
also referred to as the “House Edge”, this is the mathematical advantage that the casino has over players.
a refund credited to a player’s account based on a percentage of their gaming losses. The percentage depends on the casino cashback promotion.
when a player withdraws their money from their online casino balance.
placing a bet in an attempt to recover money after making a losing bet.
tokens used to represent money and make bets in gambling games.
a losing streak.
a dice game in which players bet on the outcomes of the roll of a pair of dice.
the person who shuffles and deals the cards.
the cards being used for a casino game.
the payments players make to their online casino account to play games for real money.
a bonus players recieve once they make a deposit. Most of these are advertised as welcome package offers.
in Blackjack, doubling down means doubling your bet mid-hand and receiving one additional card.
Double or Nothing:
a bet that pays out the original wager amount to break even.
The acronym for eCommerce Online Gaming Regulation and Assurance is eCOGRA. If you see the eCOGRA logo on a site’s homepage, it means that the site has been approved and is committed to ensuring that its games are fair and its players are protected.
having the advantage over an opponent.
a bet with 1:1 odds where the player and the house have the same probability of winning.
the amount a player could expect to win or lose if repeatedly betting the same amount on the same odds.
a card with a face – Jack, Queen or King – of any suit.
The team or competitor most likely to win in a sports bet, as determined by the oddsmaker.
in gambling, the amount owed to or by a bookmaker.
(also known as a “full house” or “straight flush”) in poker, this refers to the 5th card drawn that makes a full hand.
a promotional offer in which a player receives a set number of attempts that can be used on a specific slot machine at an online casino.
to make a bet.
taking an additional card.
a gambler that wagers large amounts of money.
a set of rules created by a casino.
the mathematical advantage that the house has in a game.
On slot machines and other games, the jackpot is the largest prize available. It is typically reserved for special prizes.
in sports betting, the commission the bookie earns.
a lottery-style gambling game where players place bets on numbers from 1-80.
in poker, the high card that breaks a tie between otherwise identical hands.
Laying the odds:
when a player is expected to win less than the amount they’ve wagered.
restrictions set for the amount players can bet in a given game.
Live Dealer Games:
online casino games that replicate a physical casino by having a live dealer host the games through live streaming.
a betting system whereby players follow up a winning bet with a bet of that same amount, and a losing bet with a bet double the amount they’ve just lost.
the most that a casino will allow you to wager in a game.
the least that a casino will allow you to wager in a game.
a slot feature that multiplies standard payouts by a predetermined amount.
a two-card hand worth 21 winning points in Blackjack. In Poker, a two-card hand.
in Sports Betting, a wager in which no money is lost or won.
the casino’s set ratio of the competitor’s chance of winning.
Pocket cards that are not the same suit.
the first to bet in a hand in Poker.
the virtual version of a traditional, physical casino.
where a strong bet means the player has an edge over the casino.
when gambling, the act of adding winnings from the previous roll to the current bet. To bet on two or more games to reinvest the winnings from the initial win to the next wager. Here, all selections must be correct for the parlay to succeed.
(or RTP, Return to Player) the theoretical amount the game or casino will pay back to players over a particular time frame.
The prize from a slot machine that increases progressively with every coin that is playe d into it.
when a bet ends in a tie and no money is exchanged.
in poker, having a number in all four suits.
Random Number Generator (RNG):
a patented algorithm that selects random numbers, guaranteeing transparency and an unbiased outcome in online casino games.
in poker, the numerical value of a card.
the horizontal columns in video slots where all symbols are located. Players spin reels after placing their bet and where the reels come to rest determines whether the bet is successful. Slots mostly come in 5 reels, but they can also come in 3 or 7.
an online casino bonus offered to players who have already made a deposit with that casino in the past.
a player’s total winnings on a bet.
someone who places a bet on behalf of someone else.
A popular gambling game where players bet on the numbered compartment of a revolving wheel for a small ball to rest on, red or black.
the period of time spent playing a game.
a player that is especially good at playing casino games and prays on weaker players, sometimes called “fish”.
slot machines are very popular and straightforward games where you bet on the outcome of the spinning of reels. Traditional slot machines use mechanical or electronic reels, whereas online casinos use video displays to simulate old-style reels.
a company or individual that accepts bets from individual sports bettors.
Playing cards are divided into four categories called suits: spades, hearts, diamonds, and clubs.
The minimum and maximum amount of money players can wager in a casino game.
a player who has lost all of their money.
the genuine odds of something happening.
refers to the team or player who appears to be more likely to lose in a sporting event.
a popular electronic card game based on five-card draw poker, where the aim of the game is to assemble the strongest poker combination.
Video Lottery Terminal.
any type of bet.
the amount of money a player needs to bet to be able to withdraw the money from their account. A wagering requirement ensures that players cannot immediately cash out after claiming a bonus.
the act of taking money out of one’s online casino balance.