iGaming Wiki

Your comprehensive guide to iGaming terminology, definitions, and industry terms

(1 term)

LTV Lifetime Value

Total expected revenue from a player over their entire relationship.

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A
(1 term)

Aggregator

A B2B software provider that acts as a hub, delivering thousands of games from various studios via a single API.

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B
(5 terms)

Baccarat

Baccarat is a rigid game of chance comparing Player and Banker hands. Known for high stakes and simple "no-decision" gameplay.

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Bingo

A social game of chance where players match numbers on pre-printed cards to form patterns.

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Black Friday (2011)

April 15, 2011: The day the US Department of Justice seized the domains of the three largest online poker sites.

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Blackjack

The definitive guide to the most popular casino card game. Learn card values, basic rules, and the objective of 21.

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Bonus Buy Explained

A mechanic that allows players to pay a premium (usually 50x-100x the bet) to trigger the game's main bonus round immediately.

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C
(6 terms)

Caribbean Stud Poker

A classic tropical stud game featuring a massive progressive jackpot side bet.

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Casino Hold'em

The house-banked version of Texas Hold'em where you play against the dealer, not other players.

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Casino Streaming (Twitch)

The cultural phenomenon where personalities broadcast their slots and table gameplay to thousands of live viewers.

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Craps

The legendary dice game offering some of the best odds in the casino, centered around the "Pass Line" bet.

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Crash Games

A modern genre of crypto-arcade games revolving around a rising multiplier and a "burst" mechanic.

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Crypto Casinos

The emergence of Bitcoin-only casinos in the early 2010s that introduced "Provably Fair" gaming and instant withdrawals.

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D
(1 term)

Dragon Tiger

The simplified "War" version of Baccarat. Two cards are dealt—Highest card wins.

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E
(1 term)

European Roulette

The player-friendly version of Roulette featuring a single zero wheel and a lower house edge.

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G
(2 terms)

Geo-Location

Technology used to verify a player's physical location to ensure they are playing from a permitted jurisdiction.

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GGR (Gross Gaming Revenue)

The key financial metric for operators, calculated as Total Bets minus Total Payouts.

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H
(4 terms)

Hit Frequency

A percentage indicating how often a game generates a winning outcome on a spin, regardless of the prize size.

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Hold Percentage

The actual percentage of chips/money the casino keeps from the "Drop" (total money bought in) over a specific period.

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House Edge

The mathematical advantage that the casino has over the player in any given game.

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HTML5

The modern coding standard that allows casino games to run natively in web browsers on both desktop and mobile without plugins.

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I
(1 term)

InterCasino (1996)

Widely credited as the first online casino to accept a real money wager over the internet.

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K
(2 terms)

Keno

A lottery-style game played every few minutes where you pick numbers and hope for a match.

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KYC (Know Your Customer)

The mandatory process where operators verify a player's identity to prevent fraud and money laundering.

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L
(1 term)

Live Dealer

A technology bridging online RNG platforms with physical casino studios using real-time video streaming.

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M
(1 term)

Microgaming

The Isle of Man-based software company credited with developing the world's first true online casino software in 1994.

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N
(1 term)

NGR (Net Gaming Revenue)

The actual profit figure for an operator, calculated by subtracting bonuses, taxes, and commissions from the GGR.

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P
(4 terms)

Pai Gow Poker

A slow-paced, low-volatility game where players split 7 cards into two separate hands to beat the dealer.

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PASPA Repeal (2018)

The Supreme Court ruling that struck down the federal ban on sports betting, allowing US states to legalize it individually.

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Progressive Jackpot

A pooled prize fund that increases incrementally every time a specific game is played but the jackpot is not won.

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Provably Fair

A blockchain-based technology that allows players to verify the fairness of a game outcome manually.

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R
(4 terms)

Revenue Share (RevShare)

An affiliate commission model where the webmaster earns a percentage of the players' net losses for the lifetime of the account.

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RNG (Random Number Generator)

The computational algorithm that ensures every spin, deal, or dice roll is completely random and independent.

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Roulette (General)

The classic wheel game. Place your chips on numbers, colors, or sections and watch the ball determine the winner.

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RTP (Return to Player)

The theoretical percentage of wagered money that a specific game will pay back to players over time.

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S
(1 term)

Sic Bo

An ancient Chinese game played with three dice, offering massive payouts for specific triple combinations.

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T
(5 terms)

The Free Trade & Processing Act (1994)

The landmark legislation passed by Antigua and Barbuda that effectively birthed the online gambling industry.

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The Poker Boom (2003)

The global explosion of online poker popularity triggered by amateur Chris Moneymaker winning the WSOP Main Event.

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The Rise of Macau

The rapid transformation of Macau into the world's largest gambling hub, surpassing Las Vegas in revenue.

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Three Card Poker

A fast-paced poker variant offering two games in one: the Ante/Play game and the Pair Plus side bet.

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Turnover (Handle)

The total amount of money wagered by a player or group of players over a specific period, regardless of wins or losses.

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U
(1 term)

UIGEA (2006)

The Unlawful Internet Gambling Enforcement Act, a controversial US law that crippled the early online poker market.

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V
(2 terms)

Video Poker

A skill-based electronic card game where correct strategy can reduce the house edge to under 1%.

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Volatility (Variance)

A measure of the risk level associated with a specific game, defining how often and how big you can expect to win.

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W
(2 terms)

Wagering Requirement

The number of times a bonus amount must be played through before it can be withdrawn as real cash.

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White Label

A turnkey solution where an operator rents a fully functional casino platform (license, games, payments) and simply applies their own branding.

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