With online casinos becoming more popular with each passing day, many people are beginning their gambling journeys. However, a lot of people are jumping in blind, which often leads them down a wrong path. That is why, in this article, we’d like to share some of the most important casino terms that every gambler should know about. So, without further ado, let us delve into the meat and potatoes.
Bankroll
A bankroll is, simply put, the sum that every gambler sets aside specifically for gambling. Setting aside a bankroll is a very important step for every gambler, whether they are playing at popular online casinos like christchurchcasino.com, or at land-based establishments. It can help with preventing problem gambling, and it is also important for preserving and managing your own finances.House Edge
A house edge is an integral aspect of every game at online casinos (and land-based ones for that matter). As you might have guessed, a house edge is simply the advantage that the casino has over the players. It is, more often than not, portrayed as a percentage. Games with low house edges are blackjack, baccarat, and French roulette.RTP
The opposite of a house edge is the return to player, or RTP. An RTP is a percentile representation of the amount of money the casino expects a game to pay out over the long term. For example, if a game has an RTP of 95%, that means the casino expects the game will pay out 95% of all the money that has ever been wagered. Do keep in mind that the RTP refers to the long term, and not every gamblers betting.Bonus
At online casinos, bonuses are one of the biggest draws. For those who don’t know, an online casino bonus is a sort of advantage that you can expect to receive when gambling. More often than not, bonuses are given out to new players. However, plenty of casinos operate VIP programs, and give out loyalty bonuses to existing players. However, you do have to be aware of the wagering requirement.Wagering Requirement
A wagering requirement is a term used by online casinos to refer to the amount of cash you have to wager in order for the bonus to be viable. A lot of people ignore the wagering requirements, or similar terms and conditions, and are blindsided when their wager doesn’t pay out. But, reading the T&C of a casino’s bonus is very important, especially if you are new to gambling.Low vs. High Rolling
Finally, we reach the point where we have to discuss low and high rolling. This is a very common term, used by most gamblers. Low-rollers are players who don’t tend to wager big money. They enjoy betting small sums over longer periods of time, and are perfectly satisfied with average, or even low payouts. Gamblers like these are often concerned with saving money and maintaining finances.On the other hand, high-rollers are the players who are more likely to go all in. They place large wagers, and they might even do it quite frequently. They are also a lot more likely to chase the big reward, or the jackpot in the case of online slots. Newbies should stay away from this kind of gambling.
