13 Popular Casino Terms explained with simple examples. Learn the meaning of gambling words like Jackpot, House Edge, RTP, Wager/Stakes, Payouts, and more.
Playing online casino games is one of the most entertaining parts of online betting especially using the M88 Live Casino. But learning the important casino terms is important as well if you want your betting sessions to be smooth. In this article, we will introduce you to 13 popular betting options in Malaysia for beginners. These are provided with simple examples that occur in online casinos from time to time.
1. Jackpot
The first one on our casino terms list is the word Jackpot which mostly applies to the casino slots section. Jackpot is the big win that everyone dreams about, usually found in slot machines or certain table games. It’s the largest possible payout and can be life-changing depending on the game. Some jackpots are fixed while others keep increasing.
Example: Hitting all 7s on a slot machine and winning the top prize.
2. House Edge
The next terms on our list of Casino terms is the workd House Edge which is also known as house commission. House Edge is the built-in advantage that the casino has over the players for the maintenance of the physical casino and live dealers. It ensures that the casino always makes a profit, even if players win sometimes. Different games have different house edges and they can range from 3% to 15% depending on the game.
Example: In roulette, the green 0 on the wheel gives the casino its edge because it tilts the odds slightly in their favor.
3. RTP (Return to Player)
RTP is the percentage that shows how much money a casino game pays back to players over a long period of time. A higher RTP means better chances for players in the long run. Slots and online games usually display this number. The RTP rate is common on slot games but also available on live casino games with betting options making this one of the important casino gambling terms you should know. Learn more about RTP rates in our M88 Casino Tips section.
Example: A slot with 96% RTP means that on average, it pays back RM96 for every RM100 wagered.
4. Wager/Stake
The next one of the most common casino gambling terms you will hear is wager or stake amount. Wager or Stake is simply the amount of money you put down on a game or bet. Every spin, hand, or bet requires a stake. The stake can vary depending on the game’s limits.
Example: Betting RM10 on red in roulette is your stake for that round.
5. Payout
Another important online casino terms that you should know about is the Payout is how much you win compared to what you bet. Each game has payout odds that decide how much money you get if your bet is successful. Bigger risks usually mean bigger payouts.
Example: Betting RM5 on a number in roulette that pays 35:1 will give you RM175 if the ball lands on your number.
6. Betting Limit
Betting Limit is the minimum and maximum amount you are allowed to bet in a game. It makes sure players can’t bet too little or too much. Casinos set limits depending on the table or machine. Besides this it is also important to maintain your own personal betting limit to ensure you do not overspend in online casinos.
Example: A blackjack table might have a minimum bet of RM10 and a maximum bet of RM500.
7. Free Spins
Free Spins are a promotion in online slots where players get spins without paying extra and are one of the important online casino terms you should know. They’re often given as bonuses or rewards. Any winnings from free spins usually have terms attached.
Example: An online casino gives you 20 free spins on a slot game as part of a welcome bonus.
8. Wagering Requirement
Wagering Requirement is the condition tied to bonuses that makes you bet a certain amount before you can withdraw winnings. It prevents players from just taking free money by ensuring they take up the challenge to earn the money making them feel like profits. The requirement is usually shown as a multiple of the bonus.
Example: A RM100 bonus with a 10x wagering requirement means you must bet RM1,000 before cashing out.
9. All-in
All-in is one of the common online casino terms that you will usually hear in Poker games. This poker term means betting everything you have left in one hand. Once you go all-in, you can’t make any more bets. Other players still play the hand normally, but you only win what you can cover with your chips.
Example: In poker, if you only have RM200 left and you push it all into the pot, you are all-in.
10. Bust
Just like All-in is one of the most common terms you will hear in online casinos for poker, Bust is a blackjack term that means your hand goes over 21. As soon as you bust, you automatically lose the hand. It doesn’t matter what the dealer has.
Example: If you hit on 18 and draw a 7, your total is 25, which is a bust.
11. Even Money
Even Money means a bet that pays 1:1, so you double your stake if you win. These bets are simple and common in many casino games. They carry a lower risk compared to high payout bets and are highly recommended that beginners should use these bets to win.
Example: Betting RM20 on black in roulette, and if it lands on black, you win RM20 profit.
12. High Roller
High Roller is a player who bets large amounts of money in casino games. Casinos often give them special perks like VIP rooms, bonuses, and luxury rewards. High rollers usually play at exclusive tables with no other players in the game rooms. For them the betting stakes are high and so is the payout.
Example: A player betting RM5,000 per hand in baccarat is considered a high roller.
13. Progressive Jackpot
The one of the casino terms you should know is the Progressive Jackpot which is usually available in the casino slots section. This is a jackpot that grows every time someone plays but doesn’t win it. The prize keeps increasing until a lucky player hits it. These jackpots can reach millions in online and land-based casinos.
Example: Mega Moolah is a famous slot with a progressive jackpot that often climbs above RM1 million before it is won.
Conclusion
These were the 13 Casino Terms Explained for beginners with simple examples from everyday situations in game rooms. If you wish to learn each of these terms in depth then keep visiting our website. Here we have betting guides for beginners, strategies by experts, and more to help beginners grow their gaming presence online on sites like M88 Mansion.
