1. Definition In a casino context, “Chips” are round, token-like discs used in place of cash for placing bets. They are color-coded by denomination and serve as the standard currency within casino games, particularly at table games such as blackjack, roulette, and poker. 2. Background and Mechanics Chips were introduced to streamline transactions and improve … Read more
1. Definition A Progressive Jackpot refers to a type of jackpot in casino games—especially slot machines—where the prize pool increases each time a player places a bet. The jackpot continues to grow until it is won, at which point it resets to a base amount. 2. Background and Mechanics Introduced in the 1980s, progressive jackpots … Read more
1. Definition A slot machine is a casino gambling device that features spinning reels displaying various symbols. Players place a bet and activate the reels (usually via a button or touch screen), aiming to match symbols across predetermined lines for payouts. Traditional mechanical models have largely been replaced by modern video slots. 2. Background and … Read more
1. Definition “Table Games” refer to casino games that are played on a designated table, typically facilitated by a live dealer. Players place bets using chips or cash and follow fixed rules to determine outcomes. Examples of table games include blackjack, roulette, baccarat, craps (dice game), and poker. 2. Background and Mechanics Unlike electronic games … Read more
1. Definition “Comp Points” (short for “Complimentary Points”) refer to a casino rewards system in which players earn points based on their betting activity, time spent playing, and game types. These points can be redeemed for a variety of perks, including free meals, hotel stays, show tickets, merchandise, or even cash rebates. The term “Comp” … Read more
1. Definition “RTP” or “Return to Player” refers to the percentage of wagered money a player can expect to get back from a casino game over the long term. It is most commonly associated with slot machines and online games and is expressed as a percentage. For example, a game with 96% RTP means that, … Read more
1. Definition The “House Edge” refers to the built-in statistical advantage that the casino has over players in any given game. It is expressed as a percentage and indicates the average profit the house expects to earn from each wager over the long run. Example: A house edge of 5% means that for every $100 … Read more
1. Definition In the context of casinos, the term “House” refers to the game operator or establishment — essentially, “the house” is the side that accepts wagers and pays out winnings. It represents the casino’s role as the host of the games and the entity that profits from player participation. 2. Background and Mechanics Every … Read more
1. Definition A “Casino” is a government-licensed establishment that offers various forms of legal gambling. Common games include roulette, blackjack, baccarat, slot machines, and poker. These games involve chance, strategy, or both, and players wager money with the potential to win cash prizes or chips. 2. Background and Structure Casinos have long served as entertainment … Read more
1. Definition In the context of casinos, a “Bet” refers to the act of wagering money (or chips) on the outcome of a game. Regardless of the game type, players place bets based on the rules and their own judgment about the potential result. Betting is a fundamental component of all gambling activities. 2. Background … Read more