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The Casino Jargon
The world of online casinos is full of specific words that do not really relate to the universe of old ‘in land’ casinos. We believe that a guide in the form of a glossary would be ideal to learn more about this kind of betting site or section of some operators’ sites that have sportsbook and casinos among other products like Poker.
Slot Games
The virtual machines that are called slot games are the online equivalent or the traditional physical machines that are a symbol of the old casinos and some bars. Even during the era of forbidden ‘in land’ games the slots have been widely available in Brazil, but shady bars usually had machines programmed to pay little in winnings and ‘eat’ most of the money bet by users.
RTP – Return to Player
This concept is important to understand more about a slot game; real machines ‘made of metal’ could take far more than half of the money bet by users as a ‘commission’ – which surely is a lot, but a very common practice in bars across Brazil, especially the ones that have a ‘corner’ that is hidden from part of the public as gambling remained illegal for decades.
Online machines however hardly ever absorb more than 5% of the bets as a ‘house cut’ – the slots are fan favourites in the world of online casino gambling but the word ‘slot’ in Brazil is a synonym of ‘cheap monkey business’ or something quite depreciative like a ‘cheap trick’.
The RTP is an important concept to understand why Brazilians and Americans view slots in a very different way.
Live Casino
Standard casino games can be ‘generated’ by software, live casinos on the other hand are games based on streaming that film ‘human dealers’ – the most popular games featured at live casinos are Roulette and Blackjack.
Casino Bonus
Promotions that allow the gamblers to enjoy free funds to enhance their gambling budgets and at times even test the site with free funds – these specific ones are called ‘no deposit bonuses’.
Wagering Terms
‘Rules’ that must be obeyed to be able to benefit of a casino bonus – in fact you will always be able to ‘use’ the bonus funds but to ‘cash out’, i.e. make a withdrawal of winnings that derive from bonus funds is another story.
Casino License
An authorisation of a governing body that ‘qualifies’ a site to operate under the legislation of a country. Brazil is still a market that doesn’t have a specific license, but companies that operate in Brazil and have other licenses abroad like the Maltese or the UKGC ones usually are honest operators.
Spin
A round of slot or Roulette game. Common bonus offers include ‘free spins’ to test specific games or all games that are part of the list of virtual machines of a site. Please note that winnings can be significantly limited during free spin rounds – even if you win the jackpot of a game that pays millions the usual limits for free spin profits do not exceed 500-1000 BRL.
French and American Roulettes
Same game with minimum differences in the format of the roulette – the consequences to the odds are also very small.
Scratches
Virtual scratch games, similar to real life ones.
Video Poker
Online games of poker that are based on softwares instead of betting against real human players.
Variance
The risk of a specific slot game, low variance means the game is likely to pay prizes often, but the prizes are significantly smaller than high variance games – these games pay big prizes but the risks of losing the bet are bigger. Medium variance slots as riskier than low variance ones but not as risky as high variance bets and the prizes are bigger than the games of smaller risks and smaller than games like jackpot games based on networks of prizes.
Networks of Jackpots
Games that share a similar ‘pot’ of prizes, i.e. the small bets ‘fill’ a jackpot that is awarded to a lucky bettor – it is well possible to become a millionaire with very cheap bets in the house of 1 BRL by betting on networks or jackpots – Mega Moolah is a famous game that pays big prizes every year.