Betting System
A betting system is a method of placing bets, usually by
following some rules on how to increase bets for each loss,
that tries to beat the casino's odds. If betting systems really
worked, one would assume that casinos would have gone bust some
time ago.
BlackJack
BlackJack, Also referred to
as "21's", is a card-game played at the table, usually against
the dealer. The aim of BlackJack is to draw 21 from the deck;
if you get closer to 21 than the dealer, you winner.
Cashier
At a land based casino, the person who will take
your chips at the end of an evening and give you your
winnings! At an online casino, this is the area of the
casino where you can deposit or withdraw money.
Casino Bonuses
Online casinos give you bonuses for
joining and others give you free chips
each month. Usually, these will be match offers, e.g. you pay in £100
and they match it with another £100. Most casinos require you to wager a certain amount before you can actually withdraw the bonus amount. You can start gambling with it immediately and withdraw any winnings you make, but you can't just sign up, claim your money and walk away. They've already thought of that unfortunately!
Chips
You exchange real money for chips, to play with in
the casino.
Comps
Comps are complimentary gifts used by the big casinos to encourage
players to visit them, stay, and gamble! Free rooms, free drinks, entertainment
and limousine services are just some of the comps that may be used.
If you do get comps, you are expected to gamble; and a lot.
Craps
Casino gambling game involving dice.
Croupier
The croupier is the guy or girl who operates the casino
tables. They deal the card, spin the balls, roll the dice,
and so on. In the online world, they are usually represented
graphically. In the real world, they're not allowed to
wear watches so that if punters ask them the time, they can't
tell them. The casinos want you to lose track of time.
Free Chips
Lots of online casinos give you free chips to join, and some
give you free chips each month. Often online casinos will match what you
deposit with their own money, some as much as £75 free.
Fibonacci System
The fibonacci system is another betting system,
less well known than the martingale system
and based on the fibonacci sequence.
Flash Casino
A Flash Casino is a casino that works with Flash and
doesn't require a program to be downloaded onto your
computer to play. You can get gambling instantly online
with this type of casino.
House Advantage
The house advantage is the %age of bets that
the casino will win on, on average. It is stated
as a percentage, so can be thought of as the number
of pounds in each £100 gambled that the casino will
win on. The house advantage on most games is between
1 and 10%, depending on game and individual player.
See also percentage payout.
Martingale System
The Martingale System is the
most commonly used betting system. It involves a progression of bets,
doubling on losses, with the aim of always covering a loss. This system is
often used at the roulette tables.
Percentage Payout
This is effectively
the inverse of the house advantage, and refers to the
amount paid out as a percentage of money gambled. When
choosing a casino,
always look for one with a high payout. Anything above 96%
is a good deal because it means if you wager £100, on average
the casino payout is £96.
Roulette
Classic table based casino game where a ball rolls around a spinning
wheel.
William Hill Casino
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