Gambling Glossary
Essential terms and definitions for understanding online gambling
This glossary explains common terms used in online gambling, casino games, and betting. Understanding these terms will help you navigate the industry more confidently.
A
Account Verification
The process of confirming your identity with a casino, typically requiring documents like ID, proof of address, and payment method verification. Also known as KYC (Know Your Customer).
AML (Anti-Money Laundering)
Regulations and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income through gambling activities.
B
Bankroll
The total amount of money you have set aside for gambling. Proper bankroll management is essential for responsible gambling.
Bonus
Promotional offers from casinos, such as welcome bonuses, free spins, or reload bonuses. Always come with terms and conditions including wagering requirements.
D
Deposit Limit
A responsible gambling tool that allows you to set a maximum amount you can deposit over a specific time period (daily, weekly, or monthly).
H
House Edge
The mathematical advantage the casino has over players in any given game. Expressed as a percentage, it represents the average profit the casino expects to make from each bet.
K
KYC (Know Your Customer)
Identity verification process required by licensed casinos to prevent fraud, money laundering, and underage gambling. See Account Verification.
R
RNG (Random Number Generator)
Software that generates random outcomes in casino games, ensuring fairness and unpredictability. Must be certified by independent testing laboratories.
RTP (Return to Player)
The percentage of all wagered money that a game will pay back to players over time. For example, a 96% RTP means the game returns €96 for every €100 wagered (on average, over millions of spins).
S
Self-Exclusion
A responsible gambling tool that allows you to voluntarily block yourself from gambling at a casino or across multiple operators for a set period or permanently.
Stake
The amount of money you wager on a single bet or game round.
V
Volatility
Also called variance. Describes how often and how much a slot game pays out. Low volatility means frequent small wins; high volatility means rare but potentially large wins.
W
Wagering Requirements
The number of times you must wager a bonus amount before you can withdraw winnings. For example, a €100 bonus with 30x wagering requires €3,000 in total bets.
Need More Information?
This glossary covers the most common terms. For detailed explanations of specific topics, check our Educational Guides.