iGaming Terminology

Technical terminology, mathematics, and technology concepts in iGaming explained

(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
(1 term)

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
(1 term)

Crash Games

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

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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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K
(1 term)

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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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
(2 terms)

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
(3 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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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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T
(1 term)

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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V
(1 term)

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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