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iGaming Glossary
ACCUMULATOR
An accumulator, commonly known as an "acca", is a type of bet that combines multiple individual bets into one. In an accumulator, the bettor selects two or more outcomes they want to wager on and combines them into a single bet. The winnings from the first bet are automatically rolled over to the next bet, and this continues until all bets in the accumulator have been resolved, either by winning or losing.
Accumulators can be used in various types of betting, including sports betting and horse racing. They offer the chance for bettors to win large sums of money from relatively small stakes, as the odds of each individual bet are combined to create higher overall odds. However, accumulators can be riskier than single bets, as the failure of any one bet in the accumulator will result in the entire bet being lost.
Despite their risk, accumulators are a popular form of betting due to the potentially large payouts they can offer. Many bookmakers offer special promotions and bonuses for accumulators, which can further increase the potential winnings. As with all forms of betting, it is important for bettors to gamble responsibly and only risk what they can afford to lose.
Accumulators can be used in various types of betting, including sports betting and horse racing. They offer the chance for bettors to win large sums of money from relatively small stakes, as the odds of each individual bet are combined to create higher overall odds. However, accumulators can be riskier than single bets, as the failure of any one bet in the accumulator will result in the entire bet being lost.
Despite their risk, accumulators are a popular form of betting due to the potentially large payouts they can offer. Many bookmakers offer special promotions and bonuses for accumulators, which can further increase the potential winnings. As with all forms of betting, it is important for bettors to gamble responsibly and only risk what they can afford to lose.
AML
AML stands for Anti-Money Laundering. It is a set of laws, regulations, and procedures that financial institutions and other regulated entities must follow to prevent, detect, and report money laundering activities. Money laundering is the process of concealing the proceeds of illegal activities by making them appear to be legitimate.
AML regulations require businesses to verify the identities of their customers, monitor transactions for suspicious activity, and report any suspicious transactions to the relevant authorities.
The goal of AML is to prevent criminals from using financial institutions to launder their money and fund illegal activities.
AML regulations apply to a wide range of businesses, including banks, money service businesses, casinos, and other financial institutions.
AML regulations require businesses to verify the identities of their customers, monitor transactions for suspicious activity, and report any suspicious transactions to the relevant authorities.
The goal of AML is to prevent criminals from using financial institutions to launder their money and fund illegal activities.
AML regulations apply to a wide range of businesses, including banks, money service businesses, casinos, and other financial institutions.
API
API stands for Application Programming Interface. It is a set of protocols, tools, and standards for building software applications that allow different software programs to communicate with each other.
API's provide developers with a standardized way to access and use data and functionality from one application in another application. In simpler terms, it's a way for different software systems to "talk" to each other and exchange information.
API's provide developers with a standardized way to access and use data and functionality from one application in another application. In simpler terms, it's a way for different software systems to "talk" to each other and exchange information.
BACCARAT
Baccarat is a popular card game played in casinos around the world. The game is played between two hands: the player and the banker.
Each hand is dealt two or three cards, depending on the game's rules. The objective of the game is to predict which hand will have a higher total value of cards, with the highest possible value being 9.
Players can bet on either the player's hand, banker's hand, or a tie between the two.
The game is often associated with high rollers and is popular in Asia, particularly in Macau.
Each hand is dealt two or three cards, depending on the game's rules. The objective of the game is to predict which hand will have a higher total value of cards, with the highest possible value being 9.
Players can bet on either the player's hand, banker's hand, or a tie between the two.
The game is often associated with high rollers and is popular in Asia, particularly in Macau.
BANKROLL
Bankroll refers to the amount of money that a gambler sets aside and uses for betting or gambling activities.
It is the total sum of money that a player has available to wager in a casino, sportsbook, or other gambling establishment. Managing one's bankroll is an important aspect of responsible gambling, as it helps ensure that a player doesn't overspend or chase their losses.
A bankroll can vary depending on the player's budget, level of risk tolerance, and the type of gambling activity they are engaged in.
It is the total sum of money that a player has available to wager in a casino, sportsbook, or other gambling establishment. Managing one's bankroll is an important aspect of responsible gambling, as it helps ensure that a player doesn't overspend or chase their losses.
A bankroll can vary depending on the player's budget, level of risk tolerance, and the type of gambling activity they are engaged in.
BLACKJACK
Blackjack is a popular casino card game that is played between a player and a dealer.
The objective of the game is to beat the dealer by having a hand that is worth more points than the dealer's hand without exceeding a total of 21 points.
Each card has a point value, with numbered cards worth their face value, face cards (Kings, Queens, and Jacks) worth 10 points, and Aces worth either 1 or 11 points, depending on the player's preference. |
The game involves a series of betting rounds, with players placing bets before each hand is dealt. The game requires skill and strategy to maximize the chances of winning.
The objective of the game is to beat the dealer by having a hand that is worth more points than the dealer's hand without exceeding a total of 21 points.
Each card has a point value, with numbered cards worth their face value, face cards (Kings, Queens, and Jacks) worth 10 points, and Aces worth either 1 or 11 points, depending on the player's preference. |
The game involves a series of betting rounds, with players placing bets before each hand is dealt. The game requires skill and strategy to maximize the chances of winning.
CPA
CPA stands for "Cost Per Action" or "Cost Per Acquisition" in the context of online advertising and affiliate marketing.
It refers to a pricing model where advertisers pay a commission or flat fee to affiliates or publishers when a specific action is taken, such as a sale, lead, or click on an advertisement.
CPA is a performance-based model that allows advertisers to pay only for measurable results rather than for ad impressions or clicks. It is a popular pricing model in the affiliate marketing industry as it allows both advertisers and affiliates to benefit from a successful campaign.
It refers to a pricing model where advertisers pay a commission or flat fee to affiliates or publishers when a specific action is taken, such as a sale, lead, or click on an advertisement.
CPA is a performance-based model that allows advertisers to pay only for measurable results rather than for ad impressions or clicks. It is a popular pricing model in the affiliate marketing industry as it allows both advertisers and affiliates to benefit from a successful campaign.
CRM
CRM stands for Customer Relationship Management.
It refers to a business strategy and software system designed to manage a company's interactions with its customers, including customer data, communication history, and customer service records.
CRM is used to analyze customer behavior and preferences, build customer loyalty, and improve overall customer satisfaction. It can also help businesses to track sales leads, automate marketing processes, and provide more personalized customer support. The goal of CRM is to improve customer relationships and increase sales and revenue over time.
It refers to a business strategy and software system designed to manage a company's interactions with its customers, including customer data, communication history, and customer service records.
CRM is used to analyze customer behavior and preferences, build customer loyalty, and improve overall customer satisfaction. It can also help businesses to track sales leads, automate marketing processes, and provide more personalized customer support. The goal of CRM is to improve customer relationships and increase sales and revenue over time.
CROUPIER
A croupier, also known as a dealer, is a person who is responsible for managing and running casino games.
They are responsible for dealing cards, collecting bets, and paying out winnings to players. In addition, croupiers also monitor the games to ensure that players follow the rules and maintain a fair and enjoyable gaming environment.
Croupiers are commonly found in casinos and other gambling establishments where they work at gaming tables, such as roulette, blackjack, baccarat, and craps.
They are expected to have excellent communication skills, mathematical ability, and a thorough knowledge of the games they are responsible for.
They are responsible for dealing cards, collecting bets, and paying out winnings to players. In addition, croupiers also monitor the games to ensure that players follow the rules and maintain a fair and enjoyable gaming environment.
Croupiers are commonly found in casinos and other gambling establishments where they work at gaming tables, such as roulette, blackjack, baccarat, and craps.
They are expected to have excellent communication skills, mathematical ability, and a thorough knowledge of the games they are responsible for.
DGA
DGA stands for the Danish Gambling Authority, which is the regulatory body responsible for overseeing and regulating the gambling industry in Denmark.
The DGA was established in 2000, and it is responsible for ensuring that all gambling activities in Denmark are conducted in a fair and transparent manner, that they are safe and secure for players, and that they comply with all applicable laws and regulations.
The DGA issues licenses to gambling operators, monitors their activities, and enforces compliance with all relevant laws and regulations. Its goal is to promote responsible gambling and to prevent problem gambling in Denmark.
The DGA was established in 2000, and it is responsible for ensuring that all gambling activities in Denmark are conducted in a fair and transparent manner, that they are safe and secure for players, and that they comply with all applicable laws and regulations.
The DGA issues licenses to gambling operators, monitors their activities, and enforces compliance with all relevant laws and regulations. Its goal is to promote responsible gambling and to prevent problem gambling in Denmark.
EACH-WAY
Each-way betting is a type of wager commonly used in horse racing and other sports.
It is a combination bet consisting of two separate wagers: one bet on the selection to win the race or event, and another bet on the selection to place (usually finishing in the top three or four positions, depending on the number of runners in the race).
The each-way bet is essentially two bets in one, with half of the total stake going towards the win bet and the other half going towards the place bet. If the selection wins the race, both parts of the bet win.
If the selection finishes in a place position but does not win, only the place part of the bet wins, with the payout being at a fraction of the win odds (e.g. 1/4 or 1/5 of the win odds). If the selection does not win or place, the bet is lost.
Each-way betting can provide a higher chance of a return on the bet compared to a simple win bet, but it also requires a larger stake as it is effectively two bets.
The payout for the place part of the bet is generally lower than the win odds, but it provides a level of insurance in case the selection does not win but still performs well.
It is a combination bet consisting of two separate wagers: one bet on the selection to win the race or event, and another bet on the selection to place (usually finishing in the top three or four positions, depending on the number of runners in the race).
The each-way bet is essentially two bets in one, with half of the total stake going towards the win bet and the other half going towards the place bet. If the selection wins the race, both parts of the bet win.
If the selection finishes in a place position but does not win, only the place part of the bet wins, with the payout being at a fraction of the win odds (e.g. 1/4 or 1/5 of the win odds). If the selection does not win or place, the bet is lost.
Each-way betting can provide a higher chance of a return on the bet compared to a simple win bet, but it also requires a larger stake as it is effectively two bets.
The payout for the place part of the bet is generally lower than the win odds, but it provides a level of insurance in case the selection does not win but still performs well.
ESPORTS
Esports, short for electronic sports, refers to competitive video gaming.
It involves organized tournaments and competitions where professional players or teams compete against each other in various video games.
Esports has gained significant popularity in recent years, with millions of people around the world following and participating in the competitions.
Some popular esports games include League of Legends, Dota 2, Counter-Strike: Global Offensive, Fortnite, and Overwatch, among others.
Esports events are often broadcast online, and some major events are even televised. Players can win significant prize money and sponsorships through esports competitions.
It involves organized tournaments and competitions where professional players or teams compete against each other in various video games.
Esports has gained significant popularity in recent years, with millions of people around the world following and participating in the competitions.
Some popular esports games include League of Legends, Dota 2, Counter-Strike: Global Offensive, Fortnite, and Overwatch, among others.
Esports events are often broadcast online, and some major events are even televised. Players can win significant prize money and sponsorships through esports competitions.
FTD
In the context of online gambling, FTD stands for "First Time Deposit."
It refers to the first deposit made by a player on a gambling platform. This term is commonly used by online casinos and sportsbooks to track new customers and measure the success of their marketing and acquisition strategies.
The FTD amount may also be used to determine the size of the welcome bonus or other promotions that the player is eligible for.
It refers to the first deposit made by a player on a gambling platform. This term is commonly used by online casinos and sportsbooks to track new customers and measure the success of their marketing and acquisition strategies.
The FTD amount may also be used to determine the size of the welcome bonus or other promotions that the player is eligible for.
GGR
GGR stands for "Gross Gaming Revenue". It is a term used in the gambling industry to refer to the total amount of money wagered by players, minus the amount paid out to them as winnings.
The GGR is the total amount of revenue generated by a gambling operator, and it is a key performance indicator for the industry. It is a useful measure of the profitability of a gambling operation, and it is often used by regulators and investors to assess the performance of the industry.
The GGR is an important metric for online gambling, as it is used to calculate taxes and fees owed to regulators and governments.
Gross Gaming Revenue = Amount Wagered - Winning Payouts
The GGR is the total amount of revenue generated by a gambling operator, and it is a key performance indicator for the industry. It is a useful measure of the profitability of a gambling operation, and it is often used by regulators and investors to assess the performance of the industry.
The GGR is an important metric for online gambling, as it is used to calculate taxes and fees owed to regulators and governments.
Gross Gaming Revenue = Amount Wagered - Winning Payouts
HANDICAP
A handicap bet is a type of wager where a bookmaker adds a virtual handicap to the outcome of a sports event in order to level the playing field between the two teams or players.
This is often used when there is a significant difference in skill or ability between the two teams, making the outcome of the event more uncertain.
The handicap can be expressed in different ways, such as adding or subtracting a certain number of points or goals from one team's score, or requiring one team to win by a certain margin in order to cover the handicap.
The aim of the handicap bet is to predict whether a team or player will beat the handicap or not. If the team or player beats the handicap, the bet is considered a win, but if they fail to do so, the bet is considered a loss.
Handicap betting is commonly used in sports such as football, basketball, rugby, and tennis, and is a popular way for sports bettors to get better odds or to bet on underdogs with a higher chance of winning.
This is often used when there is a significant difference in skill or ability between the two teams, making the outcome of the event more uncertain.
The handicap can be expressed in different ways, such as adding or subtracting a certain number of points or goals from one team's score, or requiring one team to win by a certain margin in order to cover the handicap.
The aim of the handicap bet is to predict whether a team or player will beat the handicap or not. If the team or player beats the handicap, the bet is considered a win, but if they fail to do so, the bet is considered a loss.
Handicap betting is commonly used in sports such as football, basketball, rugby, and tennis, and is a popular way for sports bettors to get better odds or to bet on underdogs with a higher chance of winning.
IGAMING
iGaming is an umbrella term which covers all forms of online betting. iGaming or online gaming is the wagering of money or some other value on the outcome of an event or a game, using the internet.
The term iGaming came as a shortening of "Internet Gambling" and was coined in the early 2000's when the popularity of online casinos just began to rise.
Whilst the term was initially most commonly associated with online poker rooms and online casinos it has evolved to cover the wider scope of the industry and the largest share of the iGaming market is taken up by online sports betting and casinos and now extends into eSports betting, virtual games betting, trading, bingo, lottery and fantasy sports.
The iGaming industry is comprised of many different kinds of businesses, from affiliates through to game designers and platform providers.
There are several iGaming hubs dotted around the globe with the most popular being in Malta, Gibraltar, the UK, Sweden, Bulgaria among others. It is a truly international industry that has shown strong year on year growth and continually extending into new markets.
The term iGaming came as a shortening of "Internet Gambling" and was coined in the early 2000's when the popularity of online casinos just began to rise.
Whilst the term was initially most commonly associated with online poker rooms and online casinos it has evolved to cover the wider scope of the industry and the largest share of the iGaming market is taken up by online sports betting and casinos and now extends into eSports betting, virtual games betting, trading, bingo, lottery and fantasy sports.
The iGaming industry is comprised of many different kinds of businesses, from affiliates through to game designers and platform providers.
There are several iGaming hubs dotted around the globe with the most popular being in Malta, Gibraltar, the UK, Sweden, Bulgaria among others. It is a truly international industry that has shown strong year on year growth and continually extending into new markets.
JACKPOT
A Jackpot is typically a large cash prize in a game or lottery, that accumulates overtime until the conditions are met for it to be won.
In slot games there are often tiered Jackpots that are rewarded hourly, daily or once a certain cash limit has been met.
In slot games there are often tiered Jackpots that are rewarded hourly, daily or once a certain cash limit has been met.
KYC
KYC stands for "Know Your Customer." It is a process used by financial institutions, businesses, and other organizations to verify the identity of their clients or customers.
KYC is used to prevent identity theft, fraud, money laundering, and terrorist financing. The process involves collecting personal information from customers, such as their name, address, date of birth, and identification documents, and verifying that the information is accurate.
KYC requirements are often mandated by government regulations and may vary depending on the industry and jurisdiction.
KYC is used to prevent identity theft, fraud, money laundering, and terrorist financing. The process involves collecting personal information from customers, such as their name, address, date of birth, and identification documents, and verifying that the information is accurate.
KYC requirements are often mandated by government regulations and may vary depending on the industry and jurisdiction.
MGA
MGA stands for the Malta Gaming Authority, which is the regulatory body responsible for overseeing and regulating all forms of gaming in Malta.
The MGA was established in 2001 and is responsible for ensuring that all gaming operations in Malta are conducted in a fair and transparent manner.
The authority issues licenses to gaming operators who meet its stringent regulatory standards and also monitors their activities to ensure compliance with its rules and regulations.
The MGA plays an important role in the global gaming industry, as Malta has become a popular destination for gaming operators seeking to establish a presence in Europe.
The MGA was established in 2001 and is responsible for ensuring that all gaming operations in Malta are conducted in a fair and transparent manner.
The authority issues licenses to gaming operators who meet its stringent regulatory standards and also monitors their activities to ensure compliance with its rules and regulations.
The MGA plays an important role in the global gaming industry, as Malta has become a popular destination for gaming operators seeking to establish a presence in Europe.
NGR
NGR stands for "Net Gaming Revenue," which is a term used in the online gambling industry to refer to the amount of revenue generated by a gaming operator after deducting the total amount paid out to customers as winnings, bonuses, and other promotional offers.
In simple terms, NGR is the net amount of money earned by the operator from its customers' bets or wagers. It is an essential financial metric that helps operators to measure their profitability and track their performance.
NGR is calculated by subtracting the total amount of payouts to customers from the total amount of bets or wagers placed by customers, including any applicable taxes or fees.
Net Gaming Revenue = Amount Wagered - Winning Payouts - Bonuses Received - Taxes.
In simple terms, NGR is the net amount of money earned by the operator from its customers' bets or wagers. It is an essential financial metric that helps operators to measure their profitability and track their performance.
NGR is calculated by subtracting the total amount of payouts to customers from the total amount of bets or wagers placed by customers, including any applicable taxes or fees.
Net Gaming Revenue = Amount Wagered - Winning Payouts - Bonuses Received - Taxes.
ODDS
Betting odds are numerical representations of the probability of a certain outcome in a sports or event. They are used by bookmakers and betting sites to inform bettors of the potential payout for a particular wager.
Odds can be expressed in different formats, such as decimal, fractional, or American, but they all provide information on the amount of money a bettor can potentially win from their wager.
The odds reflect the perceived likelihood of a particular outcome, with higher odds indicating a lower probability of winning and vice versa. Understanding odds is essential for anyone looking to place bets on sports or events.
Odds are generally displayed in 1 of 3 ways: Fractional, Decimal or American.
For example:
- Fractional odds of 3/1 would provide a 300% profit.
- Decimal odds of 1.20 would provide a 120%. profit.
- American odds of +250 would provide 250% profit.
Odds can be expressed in different formats, such as decimal, fractional, or American, but they all provide information on the amount of money a bettor can potentially win from their wager.
The odds reflect the perceived likelihood of a particular outcome, with higher odds indicating a lower probability of winning and vice versa. Understanding odds is essential for anyone looking to place bets on sports or events.
Odds are generally displayed in 1 of 3 ways: Fractional, Decimal or American.
For example:
- Fractional odds of 3/1 would provide a 300% profit.
- Decimal odds of 1.20 would provide a 120%. profit.
- American odds of +250 would provide 250% profit.
POKER
Poker is a popular card game that involves skill, strategy, and betting. Players compete against each other by trying to make the best possible five-card hand using a combination of their own cards and community cards that are shared between all players.
There are many Poker game variations including: Texas Hold’em, Omaha Hi, Omaha Hi-Lo, 7-Card Stud, 2-7 Triple Draw, 5-Card Draw, 5-Card Omaha, Badugi, HORSE, Razz, Chinese Poker, Short Deck, Pineapple and many, many more.
The objective of the game is to win the pot, which is the total amount of money or chips that have been bet by all players in a hand. Poker has become a widely popular game both in land-based casinos and online, with numerous professional tournaments and events held worldwide.
Texas Hold’em is currently the most popular and mainstream variant of poker that you typically find online and televised.
There are many Poker game variations including: Texas Hold’em, Omaha Hi, Omaha Hi-Lo, 7-Card Stud, 2-7 Triple Draw, 5-Card Draw, 5-Card Omaha, Badugi, HORSE, Razz, Chinese Poker, Short Deck, Pineapple and many, many more.
The objective of the game is to win the pot, which is the total amount of money or chips that have been bet by all players in a hand. Poker has become a widely popular game both in land-based casinos and online, with numerous professional tournaments and events held worldwide.
Texas Hold’em is currently the most popular and mainstream variant of poker that you typically find online and televised.
PSP
PSP stands for Payment Service Provider.
It is a company that provides payment processing services to merchants, allowing them to accept electronic payments through various payment methods, such as credit cards, debit cards, bank transfers, e-wallets, and mobile payments.
PSPs act as intermediaries between the merchant and the payment networks and banks, processing transactions securely and efficiently. They offer a range of services, including payment gateway integration, fraud detection and prevention, transaction reporting, and chargeback management.
PSPs are essential for online businesses, including iGaming operators, to facilitate smooth and secure payment transactions for their customers.
It is a company that provides payment processing services to merchants, allowing them to accept electronic payments through various payment methods, such as credit cards, debit cards, bank transfers, e-wallets, and mobile payments.
PSPs act as intermediaries between the merchant and the payment networks and banks, processing transactions securely and efficiently. They offer a range of services, including payment gateway integration, fraud detection and prevention, transaction reporting, and chargeback management.
PSPs are essential for online businesses, including iGaming operators, to facilitate smooth and secure payment transactions for their customers.
RNG
RNG stands for Random Number Generator.
It is a computer algorithm that generates a sequence of numbers or symbols that cannot be reasonably predicted better than by a random chance. In the iGaming industry, RNG is used to ensure that the outcome of casino games, such as slots or roulette, is entirely random and unbiased.
This guarantees that players have a fair chance of winning, and the results are not manipulated by the casino. RNGs are regularly audited and certified by independent third-party testing agencies to ensure their fairness and accuracy.
It is a computer algorithm that generates a sequence of numbers or symbols that cannot be reasonably predicted better than by a random chance. In the iGaming industry, RNG is used to ensure that the outcome of casino games, such as slots or roulette, is entirely random and unbiased.
This guarantees that players have a fair chance of winning, and the results are not manipulated by the casino. RNGs are regularly audited and certified by independent third-party testing agencies to ensure their fairness and accuracy.
ROULETTE
Roulette is a popular casino game that involves a spinning wheel with numbered slots and a small ball.
The object of the game is to predict where the ball will land when the wheel comes to a stop. Players can make a variety of bets on the outcome, such as betting on a specific number, a range of numbers, or the color of the slot where the ball will land.
The game has a long history and has evolved over time, with variations including European, American, and French roulette. It is a game of chance, and the outcome is determined by a random number generator or the physical properties of the spinning ball and wheel.
The object of the game is to predict where the ball will land when the wheel comes to a stop. Players can make a variety of bets on the outcome, such as betting on a specific number, a range of numbers, or the color of the slot where the ball will land.
The game has a long history and has evolved over time, with variations including European, American, and French roulette. It is a game of chance, and the outcome is determined by a random number generator or the physical properties of the spinning ball and wheel.
iGaming Glossary
IBD GAMING have put together a comprehensive iGaming Glossary consisting of commonly used iGaming and gambling terminology to assist industry insiders and betting enthusiasts.
Our iGaming Glossary is in alphabetical order for ease of use and is always being updated to ensure our users are presented with the most current information with simplicity in mind.
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