August 3, 2022

Gambling Terms That You Need To Know

In this article, we will take a look at some of the new online casino Malaysia terminologies you will come across when playing casino games. On top of having a more thorough understanding, you can hack your bets once you learn up these terminologies.

Learn it Until You Make It

Learn it Until You Make It

The online casino world is a complex one. It’s nothing like the movie, Rounders, where Teddy KGB confidently throws all of his chips and says bet it all with his overstated Russian accent. To be adept at playing online games, you need constant practice, researching, and learning. Above all, you have to be sharp-witted with the ever-changing betting systems and strategies of an online casino. There are many types of online casino games in Malaysia. Some common betting games are Keno, sports betting, live casino games, craps, and Bingo. Although these games have distinct gameplays, there are similarities in the terminologies that they use. It is not indispensable to memorize all of these terminologies and knowing it all is not a fool-proof way to win all of the games. However, they can help you to hack some of your bets and leave you with the best and memorable gaming experience.

Words We See but Don’t Know the Meaning of

We will focus on the terminologies you can typically find in Malaysia’s online casinos

Payout Percentage

Payout Percentage
  • A payout percentage is the average amount of money that a player will receive in the form of winnings, compared to the amount a player has wagered.
  • The payout percentage cannot guarantee how much money a player can win in one session, but the general rule of thumb in any online gambling games is that the more spins we make, the better chances we have for our results to be closer to the payout percentage.
  • As an example, a payout percentage of 90% will return an average of RM 90 for every RM 100 worth of bet placed.

Payout Table

Payout table
  • A payout table shows the relevant pay-out for each bet on table games a player can receive

House Edge

House Edge
  • Online casinos don’t make money when players are losing bets from playing live casino games or sports betting. Instead, all online casinos profit from a built-in advantage called the house edge, which works to the casino’s favor.
  • A house edge informs you how much each game pays out on average, and which games offer the best returns on their bets.
  • Players can use the house edge as a guide to know which games give the most profit. This can come in handy for the players if they want to make a comparison when playing in a live casino.
  • From the online gambling business point of view, higher house edge means lesser payout on average over time.

Wagering Requirement/ Turnover Requirement

Wagering requirement
  • A wagering requirement is the number of times a player must play the bonus money before the player is allowed to make a withdrawal.
  • If you don’t meet these wagering requirements, you won’t be able to withdraw your bonus money.
  • Here’s an example of a wagering requirement from an online casino: You are given RM 60 casino bonus when you deposit RM 20 with a 5x wagering requirement. To meet the wagering requirement, you need to wager a total of RM 400 ([deposit + casino bonus] x wagering requirement).
  • If you manage to make some winnings, it will be stored in a pending balance until you meet the wagering requirement. Keep in mind you won’t get to withdraw any cash from your pending balance.
  • Any online casino website that you sign up at will impose a wagering requirement. This is because, without it, a player can merely claim massive bonus money and withdraw it. With a wagering requirement, it becomes compulsory for players to spend the bonus money, which gives something to the online casino in return.

New terms will appear as time goes. The terminologies that we learn today will become a glossary that grows continuously. Picking up as many online casino Malaysia terminologies may not be the best method to turn yourself into a sure-winner overnight. But, with the knowledge you have now, it is sufficient to assist you in hacking some of your bets and contribute to your winnings. There is no longer the need to put on a brave face, scratch your head in confusion, and bet in agitation. Now, your gaming experience will change for the better as you can get the most out of each bet you made.

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