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Gambling Guide: A Glossary For Beginners

Gambling Guide: A Glossary For Beginners

Getting started with online Bitcoin casinos can be daunting for new players, especially with the massive variety of both games and casinos to choose from. One of the most intimidating parts about it is the terminology and lingo used, often throwing newcomers off their game. 

Although it may not be essential, gaining knowledge on the gambling glossary can make all the difference in the outcome of your play. In this guide, we will discuss all the language you need to make sure your gambling adventure goes off without a hook! 

Gambling Glossary 

Players’ understanding of the industry can amplify the quality of the gambling experience. With knowledge of the terminology used, the gambler will be able to take up every winning opportunity that comes their way. Use this gambling guide to further your understanding of the industry. 

Ante 

Ante is a bet that is wagered before the player’s cards are dealt.

Baccarat

Baccarat is a gambling game that involves comparing the card values. The game is played against the house, and the aim is to get the highest number and avoid lower numbers. 

Bankroll

The bankroll refers to the money the bettor has credited their BTC casino account with. The size of the bankroll will depend entirely on the player’s skill level, as well as the financial possibilities the gambler has. 

Blackjack 

Blackjack or 21 is a table game played with cards. The aim is for the player to beat the dealer with a hand closest to the value of 21. If that value is exceeded, the opposing side will win. 

Bet 

A bet is the money placed on a game or event. This will be the amount the winning will be calculated from and remain separate from the bankroll. 

Betting Limit

Every casino holds a betting limit, and it refers to the limit the site has set on the amount a player can bet. Every game will come with a minimum and maximum betting limit. 

Casino Bonus

A Bitcoin casino bonus is an incentive or offer provided to online casino players. The most popular BTC casino bonuses include welcome packages and deposit bonuses. Another popular offer is a matching bonus, which means the casino will match the size of the player’s first deposit. This means that the size of the bonus is entirely dependent on the size of the player’s deposit. 

Croupier

A croupier is a term that refers to an employee of a casino site that runs and manages the roulette table and other high stake table games. 

Craps

Used in the game of craps, crap is a term used to refer to 2, 3 or 12 

Dealer

The dealer is the person that deals the cards to the players while controlling the flow of the game. This means this is the person responsible for implementing the rules of the game. The games that have dealers are baccarat, blackjack, and poker.

Double Down

Double down is an in-game term, referring to the bet being doubled on the hand of the game.

eCOGRA

eCOGRA is a UK-based organization that has been approved to monitor and regulate online casinos and provides a stamp of approval for those that are applicable. Microgaming, a world-renowned software provider, initially established the organization. 

Jackpot

A jackpot at a casino is a large payout that often comes from slots. The term jackpot is often used to explain a special prize, which could be a progressive prize.

Fixed Odds

Fixed odds is a term that refers to a game in which the chances of winning and payouts are fixed and not interchangeable. A great example of a fixed-odds game is scratch cards or virtual horse games. Fixed odds are applied to other games like slots and table games but are avoided in games such as poker and sports betting. 

Gambling

The act of wagering money on a game or event with uncertain outcomes. 

Gamstop

Gamstop refers to the suspension process that allows players to block their gambling accounts. To bypass this, players will need to choose bookies that do not appear on gamstop.

Optimal Strategy

A strategy is always beneficial when gambling. The optimal strategy refers to a set of plays that will improve the outcome of players. Strategy plays are often used in high stake games such as video poker, blackjack, and crypto Crash. 

Wagering Requirement 

The wagering requirement is a crucial aspect to note, and it can be in reference to both the games and the bonuses. It means that that player would need to wager a certain amount before any rewards can be claimed.

The Bitcoin Casino Terms Glossary for Beginners to Win Big Bitcoin Rewards

Get To Know You Bitcoin Casino Gamble Technique

Gambling is both rewarding and entertaining, and to experience both aspects, gamblers need to have an optimal understanding of the industry. The more you know about gambling, the better the experience. Use this gambling guide to get to know your gamble with a further understanding of the terminology used. 

Last updated by Jen Van Lier on February 1, 2022

About the editor

As website manager, Jen contributes reviews and updates to The Bitcoin Strip on a daily basis. Jen worked in the casino industry for 9 years before focusing on Bitcoin in 2016. She writes on subjects ranging from traditional slots all the way through to unique Bitcoin games, provable fairness and Ethereum smart contract gambling.

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