9 online gambling terms for new players

MegaMoolah.com is dedicated to providing valuable information to readers interested in learning all about the world of online gambling. We cover everything from making deposits to finding websites that feature the Mega Moolah slot and hope that you find our posts helpful.

To that end, we have created a list of online gambling terms that you might not be familiar with. We created this list with the knowledge that so many people new to the gambling arena land on our website while searching for basic information. If you already know these terms, that's great. But if not, you are about to learn some things that will serve you well in your online gambling endeavours. With that said, let's get started.

Classic slot games

Video slot games revolutionized the gambling industry when they were first introduced back in the 1980s. What was, at the time, an enterprise based on mechanical machines with plenty of moving parts became one that was incorporated into the emerging computer era. Much of what we enjoy today in terms of slot gaming is directly attributable to the introduction of video slots.

When you see the term 'classic slot game' or something similar, it refers to a video slot designed in some way, shape, or form to resemble the mechanical slot machines that were around before the video era. More often than not, the term refers to single pay line games that play like the one-armed bandits of the 1950s.

Classic video slots generally feature no more than 3 reels. Game symbols tend to be things like fruits, playing cards, 7s, and bars. Classic games rarely have bonus features with the possible exception of the Gamble feature. While we're at it, let's talk about the Gamble feature next.

Gamble feature

A gamble feature in slot play is a feature that allows you to gamble your winnings after a spin that produces at least one winning combination. So let's say you are playing your favourite video slot and you win a tenner after landing three like symbols. If the game you are playing allows you to gamble, you can wager that 10 on a 50-50 bet. Win the bet and you double your money. Lose the bet and you lose your winnings.

It is pretty normal for games with this feature to allow multiple gambles per round. Let us say you can gamble up to five times. You could theoretically turn your 10 into 320 with five successful bets. But you could lose it all at any point as well.

Pay Lines

The term 'pay lines' is also associated with video slots. A pay line is simply a line on which like symbols appear to generate wins. Imagine a video slot game with 5 reels and 3 positions per reel. Draw a straight line across the top row and you have a single pay line. Landing three like symbols in consecutive positions on that line, beginning at the far left, would produce a win.

In order to increase the excitement and winning potential, game developers create all sorts of interesting pay lines. In other words, a pay line does not necessarily have to run horizontally. Some pay lines run diagonally while others zigzag across various positions on the reel setup.

To discover what the pay lines are in any given slot game, you can always check the pay table information. Somewhere in every video slot is a button that you can click to open the pay table. A typical pay table will illustrate potential pay lines using graphic images.

Winning ways

Sticking with video slot terms brings us to the next term: 'winning ways'. A winning way is similar to a pay line in that it is used to determine whether you have won on any particular spin or not. However, winning ways are drastically different from pay lines in their construction.

Where a pay line requires landing like symbols on consecutive reels on that line, there are no lines whatsoever in a winning ways arrangement. Instead, a winning way consists of any three like symbols on consecutive reels no matter where they appear.

For purposes of illustration, picture a 5 x 3 reel set up again. In a game that plays with winning ways instead of pay lines, you could form a winning combination by landing the same symbol on reels 3, 4, 5 - even if those symbols are not in the same position. You could have one symbol at the top of the reel, another at the bottom of the reel, and still another at dead centre.

What's more, a game with winning ways doesn't require winning combinations to begin at the far left or right position. Any three consecutive reels will do.

Bitcoin gambling

Moving away from video slot play, another term you might not be familiar with is 'bitcoin gambling'. This term can be used in one of two ways. In its purest form, bitcoin gambling refers to playing online casino games by using bitcoin as your currency of choice. You would deposit bitcoins in the same as you would fiat currency. Those coins would constitute your bankroll.

The term is also used in a more generic sense to describe gambling with any kind of cryptocurrency. That's why you'll sometimes see posts on the MegaMoolah.com website that talk about bitcoin gambling.

Banking options

Online casinos have to have some sort of system in place for accepting deposits and paying out withdrawals. We use the term 'banking options' to describe such systems. Do not misconstrue the term to mean that all casinos operate only on traditional banking systems. They don't.

It is important to note that almost all online casinos accept deposits via credit cards, debit cards, and electronic bank transfers. Others have branched out to accept electronic payment systems (like PayPal), prepaid cards, and even crypto.

The reason all of this is important is because you ideally want to find an online casino that works with your preferred banking option. If you cannot make deposits and withdrawals easily, you are going to be discouraged from playing, right? That's not what casino operators want. That's why so many of them are expanding their banking options.

Table games

It used to be that 'table games' was a term that described every form of roulette, blackjack, baccarat, etc. in the online gambling space. That is no longer the case. Why? Because game developers are beginning to introduce live table games. As such, there has to be a distinction.

When you see the term 'table games', assume that it means computer simulations of blackjack, roulette, etc. These are games that are controlled entirely by computer software. They are RNG games (see the next definition) as well.

All these games are played against the house only. So if you are playing hold 'em poker for example, you won't be playing against any other human players. There may be other humans at the table, but you are all playing against the house.

When you see the term 'live table games', understand that this is something different. These games are table games, but they are not computer simulations. They are live games being played out in a studio or casino. You are connected to them via real-time audio and video.

RNG games

The RNG acronym stands for 'random number generator'. What is a random number generator? It is a piece of computer software that uses random selections to determine outcomes. Random number generators have taken the place of mechanical devices in computerized casino games.

For example random number generators are used to determine the symbols that appear in a video slot game. Essentially any casino game that operates as a computer simulation relies on random number generators to determine outcomes. So when you read about RNG games, you are reading about computer simulations.

Welcome bonus

Our last term for this post is 'welcome bonus'. We decided to include it due to the fact that more online casinos are increasing their welcome bonuses as a means of attracting new players. You really should know what it means.

A welcome bonus is a special bonus offered to new players when they first sign up. You can see these on the Where to Play page. It is typically offered as matching cash. What separates one casino from the next is the amount of matching cash offered.

Imagine a casino offering a 100% welcome bonus worth up to a total of 200. Here's how it works: the casino matches your first deposit, up to a total of 200. If you deposit 200, the casino will match it for a total of 200 deposited in your account meaning that you now have 400 to begin playing with. 200 of that is your own money, and 200 is bonus money. There are rules and restrictions as to what you can do with the bonus money. You can read more about this on our Should I claim a bonus or not article.

There are obviously more online gambling terms you may not be familiar with. Perhaps we will cover some of those in a future post. Until then, we hope what you have learned here has given you a better understanding of gambling online.

Byline: This article was published by Mega Moolah expert Henry. Media and other enquiries.

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