Online Casino Industry Glossary
Welcome to our comprehensive online casino glossary. This resource is designed to help both newcomers and experienced forum members understand the specialized terminology used throughout the online gambling industry. Below you'll find definitions for common terms you may encounter in discussions about online casinos. homepage
Essential Online Casino Terms
- Bonus Wagering Requirements
- The number of times a player must wager a bonus amount before withdrawing any winnings.
- GGR (Gross Gaming Revenue)
- The difference between the amount of money players wager minus the amount they win.
- KYC (Know Your Customer)
- The process casinos use to verify the identity of their players to prevent fraud and comply with regulations.
- RNG (Random Number Generator)
- Software used to ensure game outcomes are random and fair.
- RTP (Return to Player)
- The percentage of all wagered money that a slot or game will pay back to players over time.
Licensing and Regulatory Terms
- UKGC (UK Gambling Commission)
- The regulatory body that oversees gambling in Great Britain.
- MGA (Malta Gaming Authority)
- A popular gambling regulatory authority based in Malta.
- White Label Casino
- A ready-made online casino platform that operators can purchase and brand as their own.
- Responsible Gambling Tools
- Features that help players control their gambling, such as deposit limits, reality checks, and self-exclusion options.
Game-Related Terminology
- Volatility/Variance
- Describes how often and how much a game pays out. High volatility games pay out less frequently but with larger amounts.
- Progressive Jackpot
- A jackpot that increases each time the game is played but the jackpot is not won.
- Free Spins
- Promotional offers allowing players to spin slot reels without using their own funds.
- Live Dealer Games
- Casino games streamed in real-time with actual dealers instead of computer-generated outcomes.
This glossary is regularly updated as new terminology emerges in the online casino industry. Our forum members are encouraged to reference this resource when participating in discussions about online gambling topics.