12 July 2021
Useful
If you are a beginner in the world of online casino games or discovering new types of games, it’s always better to be aware of the terminology used in the industry.
Volatility, RTP, house edge, wagering requirements and many other terms can prove to be extremely useful if you know them and ruin your gameplay if you don’t.
Below are some of the most essential terms that you should be famliar with before joining any new casino:
| Bankroll | How much money you have in your player account |
| Bonus bet | The maximum bet allowed when playing a game with a bonus |
| Bonus Funds | Funds that are derived from a casino bonus, and which need to be wagered first, before you can withdraw. |
| Bonus Spins | These are spins given away as part of a bonus, and which need to be wagered before any winnings can be withdrawn. |
| Cash Funds | Funds that you deposited or won that are instantly withdrawable, and not linked to bonus funds |
| Conversion limit | A maximum amount that you can win from a bonus |
| Eligible games | The list of games that you can play a bonus on, or which are included as part of a casino promotion. |
| Match bonus | A deposit match bonus involves a bonus that matches your deposit by a certain percentage (for example a 100% match bonus doubles your deposit, whereas a 200% bonus actually triples it). |
| House edge | This is the advantage that the casino (or game) has over the player when it comes to each single game – calculated over a huge number of rounds. The house edge is the very opposite of RTP and is expressed as a percentage (e.g. 2% house edge or 98% RTP) |
| Prize drop | A casino promotion or game feature whereby a certain cash prize is dropped at random to be won by a particpating player. |
| Reload bonus | A bonus that is offered to existing players, typically on a weekly or monthly basis. |
| RTP | Return to Player – this refers to the percenage that you can win from a game in the long run, and is calculated over thousands of game rounds. For example, if a game has an RTP of 96%, then you can expect to win £96 for every £100 played, but only in the very long run. Typically, you can hit the jackpot or win more, or else run out of luck and win less! |
| Wagering Requirements | The amount of times you need to wager a casino bonus before it becomes withdrawable. This is normally indicated by a number followed by an ‘x’ (e.g. 35x, or 35 times). |
| Wager-free spins | Free Spins that are free of wagering requirements, allowing you to keep what you win. |
| Game weighting / contribution | The percentage that a game contributes to the wagering requirement (e.g. if a game contributes 100% to a wagering requirement of 40x, then you need to wager the bonus amount on that game 40 times. If a game contributes only 50%, you would need to wager the amount 80 times). |
| Self-exclusion | A responsible gambling measure available at all online casinos that allows players to exclude themselves from real-money gambling for a period of time, or permanently. |
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