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There are lots of casino related terms and phrases that you may not be familiar with if you are not an experienced casino player. It’s fairly obvious what some of them mean, but some of them can cause a bit of confusion. Although we wouldn’t say it’s essential that you understand all of them in order to enjoy playing casino games, it certainly doesn’t hurt. If you’re something of a beginner and planning to visit a casino, or looking to start playing online, it really wouldn’t be a bad idea to have a look through this page.
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We’ve listed a number of the most commonly used words and phrases used in the casino, and explained exactly what they mean. A casino player who is able to legally gain some kind of advantage over the house. The term is typically used for players who can successfully count cards in blackjack, but can also apply to craps players who use dice control or players who know how to gain maximum value from bonuses and comps.
Keeping track of which cards have been dealtin blackjack to have a better idea of which cards are likely tobe dealt next. When done successfully, card counting can give a player an edge over the casino. The percentage of the total amount wagered at a game that you can expect to win back.
For example, in a game with a 95% expected win rate you would expect to win roughly for every 0 wagered in the long run (net losses would be ). The mistaken belief that the outcome of a random event is influenced by previous outcomes. Believing that the next spin of the roulette wheel must be black because the previous ten spins have all been red is an example of gambler’s fallacy. The built-in advantage that the casino has in all games. It is usually gained by paying out at odds slightly below the true odds of winning, and is expressed as a house edge.
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A game with a 2% house edge, for example, should net the casino a $2 profit for every $100 wagered in the long run. The total amount returned to players in the long run, expressed as a percentage of money staked. A game with a payout percentage of 98%, for example, will return an average of $98 for every $100 wagered.
Land based casinos are generally divided into various separate pits, with each pit containing a number of gaming tables. The central area of each set of tables is restricted to players, and only casino employees can enter. A type of bet that can be placed in some casino games, on an outcome that is not directly related to the result of the game.
For example, in some blackjack variants you can place a side bet on whether the total value of your first two cards will be higher or lower than 13. The actual odds of a bet winning based on probability.
The true odds are usually higher than the payout odds, which is how the casinos gain their edge. For example, in European roulette the payout odds for a bet on a single number are 35:1. Everyone likes to get a bonus, and at Spin Genie we have a great welcome offer for all new players.
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