You want a night out at the casino? Or are you going to play games online? Fantastic idea! But hold on. Do you know the difference between the ante and the wager? No? Do not panic! This is your personal, must-have guide through gambling jargon. We dive into the depths of casino terminology, cut through the poker face of the dealer and decipher the code of the slot machine. So put on your slickest shoes, put on your poker face and get ready to bluff like a pro. Here are the top 10 gambling terms you should know before trying your luck.
You might think of your aunt who likes to play bingo, but no, ‘ante’ is something else. It is the bet you have to place in poker before the cards are dealt. For example, in a game of Texas Hold’em with a $5 ante, each player must put $5 into the pot before the cards are dealt.
2. Bank roll
Bankroll is not the latest hip dance move, but the total amount you have set aside to gamble with. This is your war chest, your financial armor against the whims of fate. Remember, no bankroll, no gambling fun – so manage it wisely!
Here comes the bad guy in our story. The ‘House Edge’ is the advantage the casino has over the players. It’s why casinos always seem to win and why they give you free drinks. They want you to keep playing, while the House Edge quietly eats your bankroll. For example, in blackjack the house edge is about 0.5% with perfect strategy. This means that in the long run the casino wins an average of 50 cents for every €100 you wager. It’s why casinos always seem to win!
4. High Roller
The ‘High Roller’ is the James Bond of the casino world. They are the players who bet large amounts and have no fear. They wipe their bankrolls on the table like a rock star trashes a hotel room. High Rollers are every casino’s dream, but remember, not everyone can be a 007!
The ‘Jackpot’ is the holy grail, the pot of gold at the end of the rainbow, the grand prize in life’s lottery. It is the biggest prize you can win in a gambling game. The word alone is enough to put stars in your eyes. Jackpot, baby! Click here to win the jackpot yourself
This is the moment when you finally feel those shiny coins in your hands. The ‘Payout’ is the amount paid out to you if you win. It is the sweet sound of success, the joy of victory, the reward for your courage and strategy. But beware, the Payout is often not as big as you think – don’t forget the House Edge!
RNG, or Random Number Generator, is the invisible wizard behind the scenes of the digital casino world. It is a complex algorithm that generates random numbers to determine the outcome of online casino games. Imagine playing an online slot machine. It is the RNG that determines whether your next spin results in a triumphant victory or a dismal defeat. It ensures that every spin, every card, every dice roll is completely random and fair. It’s like the lottery draw, you never know what you’ll get. But remember, the RNG has no memory, each outcome is independent from the previous one, so every spin gives you a new chance to win!
Wager is just a fancy word for wager. It’s the amount of money you wager hoping for that sweet, sweet Payout. It’s the risk you take, the gamble you make, the moment you put your money on the table and say, “Let the dice roll!”
The ‘Dealer’ is the director of the casino game. They sit at the head of the table, manage the action, deal the cards and make sure the rules are followed. Think of a blackjack table, where the dealer not only deals the cards, but also collects or pays out your bets. But remember, the dealer is like the messenger in an old story – they have no control over the luck or bad luck your cards bring you!
No, we’re not talking about your wild nights out here. In the world of slots, a ‘Wild’ is a symbol that can substitute for other symbols to complete winning combinations. For example, in the game “Monopoly Money Grab (click here to play), the ‘wild’ is simply the word ‘wild’. It is the slot machine’s joker, the wild card that can change the game. If you see a Wild, you better keep your fingers crossed!