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This is a progressive betting strategy based on a sequence of four wagers. In this system, the bettor starts by betting one unit, if they win, they proceed to bet three units, then two, and finally six. If a bet is lost, the bettor resets and starts again at one unit. The strategy aims to capitalize on winning streaks while minimizing losses during losing streaks.
This is a betting strategy used in games of chance that follow a binary progression. It’s based on the concept that after 10 rounds of play, there are 1024 possible outcomes. It involves doubling the bet after each loss, which is supposed to cover all previous losses once a win is secured. This strategy is a form of the Martingale system, which is typically used in games like roulette.
Also known as two-factor authentication, it’s a security process in which the user provides two different authentication factors to verify themselves. This process is designed to provide an extra layer of security, reducing the chance of fraudulent activity. Commonly, it involves something the user knows (like a password), and something the user has (like a text message code sent to their phone).
An API is a set of rules and protocols for building and interacting with software applications. It defines the kinds of calls or requests that can be made, how to make them, the data formats that should be used, and the conventions to follow. APIs enable different software systems to communicate and share data with each other.
This is a betting style that involves the punter making multiple selections (at least two) in different events, and all selections must win for the punter to win the bet. It’s a high risk, high reward style of betting, as the odds multiply with each added bet.
This is a type of bet used in horse racing where a single wager is made on a horse to win, place (finish in the top two), and show (finish in the top three). It is essentially three bets in one and will pay out if the horse achieves any of these positions.
Affiliate programs are arrangements in which an online merchant website pays affiliate websites a commission to send them traffic or sales. These affiliate websites post links to the merchant site and are paid according to a particular agreement, usually defined by clicks, sales, or leads.
In the context of the internet, anonymity refers to the state of being unidentified or untracked in the online environment. Anonymity can be sought for various reasons, such as privacy, security, or freedom of speech concerns. It involves the use of certain tools and practices to keep one’s identity hidden while performing actions on the internet.
This is a type of bet placed in advance of the event, often several weeks or even months before the actual event occurs. The term is most commonly associated with horse racing, where punters can bet on a race before the final field is declared. Ante-post betting often offers higher odds, but comes with a greater risk as the bet is lost if the selection does not participate in the event.
Also known as “arbing” or “sure betting”, arbitrage betting involves placing bets on all possible outcomes of an event in such a way that guarantees a profit, regardless of the event’s result. This is possible when different bookmakers have different odds for the same event. It is considered risk-free as it is based on the application of a mathematical equation rather than chance.
A type of wager used in sports betting, particularly football, to even the playing field where there is a perceived strength difference between two teams. The stronger team is given a handicap (a deficit) to overcome, in the form of goals or points, while the weaker team is given a head-start. This form of betting originated in Asia, hence the name.
Also known as public key cryptography, this is a cryptographic system that uses a pair of keys – a public key to encrypt the message and a private key to decrypt it. The public key is openly distributed, while the private key is kept secret by the recipient, ensuring secure communication.
A type of betting where a software program automatically places bets based on predefined rules or strategies. The software uses statistical analysis, real-time data, and algorithms to decide when and how much to bet, minimizing human error and emotion from the betting process.
A type of bet where the bettor predicts that a certain outcome will happen. This is the most common form of betting where you bet on an event to occur, such as a particular team winning a match. If the event you have bet on happens, you win the bet.
In betting, this refers to the total amount of money a bettor has set aside for placing bets. It’s essentially the betting budget. A healthy bankroll is crucial to manage risk and to continue betting over a longer period of time.
A critical strategy in betting where bettors manage their money to ensure long-term profitability and risk minimization. It involves setting betting limits, deciding how much to stake per bet, and often requires discipline and self-control to avoid depletion of funds due to impulsive betting.
The process of verifying the outcome of a bet to determine if it is a winning or a losing bet. This process is crucial in maintaining the fairness and transparency of betting platforms. It involves cross-checking the declared results with the actual event outcomes.
The process of deciding how much to stake on a particular bet. The size of a bet is usually determined by a person’s betting strategy and bankroll. Proper bet sizing is a key part of bankroll management and can affect long-term profitability in betting.
The process of confirming that a placed bet has been accepted and registered correctly by a bookmaker or a betting exchange. This process ensures that the conditions of the bet are agreed upon by both the bettor and the betting platform, thus preventing disputes or misunderstandings.
A marketplace where bettors can trade bets with each other, as opposed to traditional betting where a bettor places a bet against a bookmaker. On a betting exchange, a user can both back an event to happen (like in traditional betting), or lay a bet against an event happening.
This refers to the maximum or minimum amount a gambler can bet on a single wager at a sportsbook, casino, or other betting platforms. Betting limits are often put in place to manage risk from the perspective of the house and to prevent bettors from betting more than they can afford to lose.
Also known as the overround, this is the percentage profit that a bookmaker stands to make on a bet, calculated irrespective of the outcome. It is an indicator of the bookmaker’s potential profit and how much they are charging for the bet. Lower betting margins generally imply better odds for bettors.
A mathematical construct or system that is used to predict the outcome of a sporting event. It is often based on statistical analysis, historical data, and sometimes real-time data. These models are used to make more accurate predictions and increase the profitability of bets.
A group of people who pool their money together to place large bets. They often use sophisticated betting models and strategies to gain an edge over bookmakers. The main advantage of syndicates is that the risk is spread among the group, and so are the profits.
A set of rules and guidelines a bettor follows to determine how much to bet and when to bet. Systems can be based on statistical analysis, trends, or patterns in the data. The goal of a betting system is to increase the chances of winning and/or maximize profits.
A standardized amount used to size bets, often a percentage of a bettor’s total bankroll. By using betting units, bettors can manage their bankroll more effectively, protecting it from the risk of ruin due to a losing streak, while also enabling potential growth during a winning streak.
An online casino that accepts Bitcoin as a method of deposit or withdrawal. Some Bitcoin casinos also allow gameplay directly in Bitcoin, where bets and payouts are denominated in this cryptocurrency. They offer anonymity, fast transactions, and low fees, as compared to traditional online casinos.
A form of online betting where transactions and bets are recorded on a blockchain. This ensures transparency, as all transactions are publicly verifiable, and enhances security, as the blockchain is resistant to fraud and manipulation. Blockchain betting can include sports betting, casinos, lotteries, and more.
A type of lottery game where the process, from buying tickets to drawing winners, is powered by blockchain technology. The use of blockchain ensures the lottery is transparent, fair, and immune from manipulation, as the process can be audited and verified by anyone.
This refers to the openness, verifiability, and accountability provided by blockchain technology. Since all transactions on a blockchain are publicly available and cannot be altered or deleted, it ensures full transparency. This feature is widely leveraged in various fields, including finance, betting, and supply chain, to promote trust and integrity.
This refers to the number of times a bettor must play through a bonus before any winnings can be withdrawn from an online casino or betting platform. It is a tool used by gaming sites to prevent bonus abuse and ensures that players use the bonus to actually play games rather than simply cashing it out.
Also known as the overround, it is the percentage over 100% that bookmaker odds add up to, reflecting the built-in profit margin of the bookmaker. The lower the bookmaker margin, the better the odds for the bettor. This percentage shows how much the bookmaker is charging you for their service.
A type of bet used in sports like horse racing where a bettor selects multiple competitors and covers all possible order-of-finish permutations. This increases the chance of a successful bet but also increases the cost as each permutation is considered a separate bet.
This is a type of multiple bet consisting of 26 bets involving 5 selections in different events. The bet includes 10 doubles, 10 trebles, 5 four-folds, and a five-fold accumulator. At least two of the selections must be successful to get a return.
A permit issued by a regulatory body that allows an operator to offer casino games. The license ensures that the casino operates within the rules set by the regulatory body, offering fair games and protecting players. It adds credibility and trustworthiness to the casino operations.
In the context of blockchain technology, a chain hash refers to the unique identifier of a blockchain record. This hash is created by a specific algorithm and ensures the integrity and immutability of blockchain data as any change in data results in a completely different hash.
Also known as the Martingale system, this is a betting strategy where the bettor doubles the bet after each loss, in the hope of recovering previous losses and gaining a small profit. It’s a high-risk strategy and requires a large bankroll and betting limits that allow for large bets.
In provably fair gambling systems, a client seed is a random number chosen by the user that is used in combination with the server seed (provided by the house) to generate the outcome of a game. This ensures the game is fair and neither the player nor the house can know the outcome in advance.
A simple game of chance where a coin is tossed and the outcome (heads or tails) is guessed. In the context of betting, it can refer to a bet with only two possible outcomes, each with roughly equal probability.
In the context of cryptocurrencies, a cold storage wallet is a type of wallet where digital assets are stored offline, away from any internet connection. This makes it immune to online hacking attempts, thereby providing a high level of security for large amounts of cryptocurrency.
This is a type of bet in which the bettor predicts the first and second places in a race or event, in any order. It includes multiple bets, covering all possible combinations of the chosen selections.
This bet involves picking the first, second, and third places in a specific race or event, in any order. Similar to a combination forecast, it consists of multiple bets, accounting for all permutations of the selected competitors.
In the context of betting and online transactions, confirmation refers to the process of validating a transaction or action. For example, in cryptocurrency transactions, it denotes the process where a transaction is verified and added to the blockchain.
A strategy used in sports betting where the bettor goes against the public opinion or the most popular choice. The principle behind this strategy is that markets could be overreacting to recent trends or overvaluing popular teams, leading to inflated odds for the less popular choice.
This is a type of bet where the bettor predicts the exact final score of a game or match. It’s widely used in many sports like football and basketball. Because of the difficulty in accurately predicting the exact score, these bets usually offer high odds.
An online multiplayer betting game where the amount bet by a player increases until a crash point, after which they lose their wager. The player must manually cash out before the crash point to make a profit, making the game a mixture of luck, timing, and risk management.
A version of the traditional card game Baccarat that is played using cryptocurrencies for bets. Crypto Baccarat combines the classic rules of Baccarat with the benefits of digital currencies, like quick transactions and high levels of privacy.
A digital form of the popular game Bingo where cryptocurrencies are used for placing bets. In addition to the usual Bingo rules, playing with cryptocurrencies provides added benefits such as faster transactions, anonymity, and global accessibility.
This refers to online Blackjack games where cryptocurrencies are used for betting. This provides all the benefits of playing the popular card game online, with the additional advantages associated with using cryptocurrencies, such as fast transactions and privacy.
In online gambling, a crypto bonus is a type of promotional offer where players receive bonus funds in the form of cryptocurrency. This could be a deposit match bonus, free spins or bets, cashback, and other rewards, intended to attract and retain players who use digital currencies.
These are traditional casino games adapted for the blockchain, using cryptocurrencies like Bitcoin or Ethereum as a medium of exchange. Crypto casino games may include variations of slots, roulette, poker, blackjack, and others, offering benefits like provably fair gameplay, transparency, and potentially faster transaction times.
This refers to a specific type of blockchain-based game where users bet with cryptocurrencies on the outcome of a dice roll. The fairness of the game is often provably verifiable through blockchain technology, providing a trustless gaming environment. The dice outcome can usually be predicted, and bets are placed accordingly.
This is a broad term referring to all forms of gambling activities carried out using cryptocurrencies. This can include everything from casino games, sports betting, to lottery and dice games. Crypto gambling benefits from the transparency, security, and potential anonymity provided by blockchain technology.
This refers to a large prize in a game or lottery that is payable in a cryptocurrency. Crypto jackpots operate in a similar way to traditional jackpots but utilize digital currencies for transactions. This feature often adds excitement and potential reward to crypto gambling games.
A variant of the classic lottery-style game Keno, where players choose numbers in the hope that they match the randomly drawn numbers. In Crypto Keno, all transactions, including betting and prize money, are dealt with in cryptocurrencies, often offering provable fairness and immediate payouts.
This is an online casino platform where games are played in real-time with live dealers and are wagered using cryptocurrencies. Games in a crypto live casino can include roulette, blackjack, poker, and baccarat, providing an experience similar to traditional casinos but with the benefits of crypto transactions.
It’s a lottery game where tickets are purchased using cryptocurrencies and the winnings are also paid out in the same. The results of these lotteries are often generated through blockchain technology, making them transparent and provably fair.
This is a version of the popular card game poker, but played with cryptocurrencies. This can be done in online poker rooms or casinos that accept cryptocurrencies, providing faster transactions, potentially increased privacy, and often a provably fair system.
This is a form of the traditional casino game Roulette, where the betting and payouts are done using cryptocurrencies. Crypto Roulette benefits from the anonymity, speed, and provable fairness that blockchain technology provides.
These are digital versions of traditional scratch-off cards where cryptocurrencies are used to purchase the card and winnings are paid out in crypto. They offer instant results and prizes, often combining the convenience of digital transactions with the thrill of instant win games.
These are online slot machine games where players bet and receive payouts in cryptocurrencies. Crypto slots operate similarly to traditional slots but leverage the speed, privacy, and provable fairness offered by blockchain technology. These games may have unique themes and features to appeal to a variety of players.
This involves wagering on sports events using cryptocurrencies as the medium of exchange. Crypto sports betting platforms provide all the features of traditional online sports betting with the added benefits of blockchain technology, such as fast transactions, anonymity, and sometimes provable fairness.
A variation of the popular poker game, Texas Holdem, where bets are placed using cryptocurrencies. The gameplay is identical to traditional Texas Holdem, but transactions are conducted in crypto, enabling faster payments, increased privacy, and often providing a provably fair system.
This pertains to the measures taken to protect digital wallets storing cryptocurrencies from unauthorized access, loss, or theft. These measures include but are not limited to private key management, two-factor authentication, encryption, hardware wallet usage, and regular software updates.
A term used to describe businesses, platforms, services, or jurisdictions that readily accept and support the use of cryptocurrencies. This could be through accepting crypto as a form of payment, supporting blockchain development, or implementing regulatory frameworks favorable to cryptocurrencies.
A betting system commonly used in games of chance, such as roulette. The strategy involves increasing one’s bet by one unit after each loss and decreasing it by one unit after each win. It is based on the premise that wins and losses will eventually balance out.
This is a form of betting that operates on a decentralized network, often a blockchain, instead of a centralized authority. In decentralized betting, the bets and payouts are governed by smart contracts, removing the need for a middleman and enhancing transparency and fairness.
Similar to decentralized betting, decentralized gambling refers to any form of gambling that takes place on a decentralized network. This can include casino games, lotteries, sports betting, and more, providing increased transparency, fairness, and often lower transaction costs.
This refers to the generation of random numbers or outcomes in a decentralized network or blockchain. Ensuring fair and truly random outcomes in a decentralized environment is a complex task often solved by advanced cryptographic techniques or consensus algorithms.
In the context of cryptocurrencies, a deposit address is a specific alphanumeric code to which users send their crypto assets. It is similar to a bank account number, allowing the transfer of cryptocurrency from one wallet to another. Each deposit address is unique to a specific wallet and cryptocurrency type.
This is a type of incentive offered by online platforms such as casinos, forex brokers, or online banking services to encourage new users to deposit funds into their accounts. It usually takes the form of a percentage match of the user’s initial deposit, thereby increasing the value of their account. For instance, a 100% deposit bonus means that if a user deposits $100, they will receive an additional $100, effectively doubling their starting balance.
A digital signature is a mathematical scheme for verifying the authenticity of digital messages or documents. It’s a cryptographic tool used to verify that a document hasn’t been altered in transit and confirms the identity of the document or message sender. Digital signatures are widely used in e-commerce, software distribution, and where the integrity and authenticity of data need to be ensured.
Also known as an e-wallet, a digital wallet is a virtual storage system for carrying digital forms of items traditionally stored in physical wallets like cash, credit cards, and other personal identification. It allows users to make electronic transactions, including online purchases and contactless payments in stores. Some digital wallets also allow users to store digital cryptocurrencies.
This is a type of cryptocurrency token that entitles its holders to a share of the profits of the issuing company or platform. It’s a way of distributing a portion of the company’s profits back to the token holders, akin to a traditional dividend in stock markets. Dividends are often paid in cryptocurrency and the amount received can be proportional to the number of tokens a holder owns.
This is a betting strategy used in various sports betting scenarios, allowing the bettor to back two out of the three possible outcomes of a game with one bet. This betting type provides a higher probability of winning as it covers more outcomes, albeit with lower odds. For instance, in a football match, a Double Chance bet could cover a home team win or a draw.
Double spending is a potential flaw in a digital cash scheme where a user spends the same amount twice. This is a unique problem for digital currencies because digital information can be replicated relatively easily. Cryptocurrencies like Bitcoin solve the double-spending problem through the use of a decentralized system and a consensus mechanism.
In sports betting, ‘Draw No Bet’ is a wager placed on a team to win a match, where the stake is returned if the game ends in a draw. This eliminates the possibility of losing the bet if the game ends in a draw, offering some level of insurance to the bettor.
Dutch Betting, or ‘Dutching’, is a betting strategy that involves backing multiple selections in the same event to ensure the same profit no matter which selection wins. This strategy requires bettors to calculate the correct stake for each selection so that the return is the same, regardless of the outcome.
See ‘Dutch Betting’ – these are the same term. It’s a betting strategy designed to increase the probability of making a profit by backing more than one selection in a single event. The goal is to split the wagering amount in a way that the return is the same, no matter which selection wins.
This is a bet placed on both a win and a place (usually second or third place) in sports betting. If the selection wins, both parts of the bet are winners. If it places but does not win, the place bet wins and the win bet loses. It’s most commonly used in horse racing but can be applied to other sports with a clear ranking of results.
Each-way betting is a form of wagering common in horse racing and golf, where bettors essentially place two bets in one: one for the selection to win and another for the selection to place within a certain range of positions. It’s typically used when there are large fields, and the odds of the selection winning are reasonably high. This strategy provides a safety net for bettors, as they can still see a return if their selection doesn’t win but finishes within the specified places.
Edge sorting is a technique used in card games where a player determines the value of face-down cards by observing subtle and unintentional differences on the backs of different types of cards. It’s considered an advantage play, not cheating, but casinos regard it as undesired activity. This strategy requires sharp observation and memory skills, and it’s most effective in games where knowing card values significantly affects the game outcome.
An exacta bet is a type of wager in horse racing where the bettor predicts the first and second place horses in the exact order. It’s more difficult than a simple win, place, or show bet due to the necessity to predict the exact order, but it also typically offers higher payouts. This bet type provides an additional layer of complexity and excitement to the betting experience.
Exchange betting is a form of wagering where individuals bet against each other rather than a traditional bookmaker. This type of betting is facilitated by an exchange platform, which matches bets from customers who have opposing views. They typically charge a commission on net winnings. It offers greater flexibility as bettors can both back (bet on a certain outcome to happen) and lay (bet on an outcome not to happen) selections.
Expected value is a fundamental concept in probability theory and statistics, often used in gambling and finance. It refers to the average outcome that one would expect to occur over a large number of experiments or trials. In terms of gambling, it’s used to determine the potential long-term profitability of a bet. Positive EV indicates a profitable bet, while a negative EV suggests a losing bet over time.
A fairness check is a process or mechanism, often used in online gaming and cryptocurrency, to ensure that the outcomes of games or transactions are fair and transparent. In online casinos, this typically involves the use of cryptographic techniques to verify that the random number generator used to determine game outcomes is indeed producing random results.
A faucet, in the context of cryptocurrencies, is a website or application that rewards users with small amounts of cryptocurrency for completing simple tasks, such as viewing ads or completing surveys. It’s often used as an incentive to encourage engagement or to introduce new users to a specific cryptocurrency. The term originates from the idea of dripping rewards like a tap or faucet.
A fiat gateway is a bridge that allows the transfer between fiat currency (like USD, EUR, etc.) and cryptocurrencies. This is typically facilitated through a cryptocurrency exchange or financial service. Fiat gateways are crucial for cryptocurrency adoption as they allow users to buy, sell, and hold cryptocurrencies, facilitating entry into the digital currency market.
The Fibonacci betting strategy is a system of wagering where the amount bet on each game follows the Fibonacci sequence (a series where each number is the sum of the two preceding ones: 0, 1, 1, 2, 3, 5, 8, 13, etc.). It’s a negative progression system often used in games of chance like roulette, baccarat, and blackjack. After a loss, the player moves one step up the sequence. After a win, they move back two steps.
The Fibonacci betting system, similar to the Fibonacci betting strategy, is a wagering method based on the Fibonacci sequence. It’s often used in games of chance and is a type of negative progression system, which means the bet increases after a loss. It’s based on the assumption that over time, a player will win more often than they lose, hence recuperating the lost amounts. The system provides a structured approach to betting, which can help manage a player’s bankroll.
Fixed odds betting is a type of wagering where the odds are agreed upon at the time the bet is placed. This means that the payout for a successful bet will not change, regardless of whether the odds shift after the bet has been made. This form of betting is common in many sports and is often used in betting shops, online sportsbooks, and casinos. It provides a clear and straightforward understanding of potential returns from a bet.
Flat betting is a betting strategy where the bettor places the same amount of money on each bet. The bettor does not increase or decrease the bet size based on previous outcomes, ensuring a consistent risk level. This type of betting strategy is often considered more conservative and can be a good way to manage a betting bankroll, especially for beginners or less experienced bettors.
A flat betting strategy refers to a method of wagering where the player stakes the same amount of money on each bet, regardless of previous results or perceived odds. The primary objective of this strategy is to control and manage one’s bankroll effectively over the long run. It minimizes the risk of significant losses in a short period, making it suitable for those who prefer low-risk gambling.
Free roll, often seen in poker, refers to a situation where a player is guaranteed at least a split in the pot, but also has a possibility of winning the whole pot if certain subsequent cards are dealt. Additionally, it also refers to a type of poker tournament that requires no entry fee but may offer real money prizes or entries into other tournaments. These tournaments provide a risk-free way of gaining experience in the game.
A full cover bet is a type of wager that includes all possible multiple bets for a given number of selections. This includes doubles, trebles, and accumulators, depending on the number of selections. Notably, it doesn’t require all selections to be successful for a return, as it covers every possible combination. This type of bet can increase the chance of a return on a bet, but at the expense of a higher stake.
Future betting refers to wagers placed on the outcome of events that will take place in the distant future. These bets can be placed weeks or even months in advance. They are common in many sports, including football, basketball, and horse racing, where bets can be placed on the eventual winners of a tournament or season. These bets can provide attractive odds, but they also come with a higher level of risk due to the long timespan.
A Gambling DApp, or decentralized application, is a betting or gambling platform that runs on blockchain technology. Unlike traditional online casinos, DApps are not controlled by a central entity. They use smart contracts to automatically process bets and payouts, increasing transparency and trust. Some DApps also incorporate provably fair algorithms, allowing users to verify the fairness of games.
Gambling tokens refer to digital assets or cryptocurrencies that are used on online gambling platforms or casinos. These tokens can be used for placing bets, earning rewards, or accessing certain features within the platform. Using tokens can provide benefits such as faster transactions, lower fees, and increased transparency compared to traditional fiat currencies.
Game provability is a concept in online gambling that allows players to verify the fairness of each game outcome. It utilizes cryptographic hash functions to create a fingerprint of the game data before the play begins. After the game, players can check this fingerprint to confirm that the outcome was determined fairly and has not been manipulated. This enhances trust between players and operators in online gambling.
A Goliath bet is a large type of full cover bet that involves eight selections and 247 individual bets, including 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds, and 1 eight-fold accumulator. This type of bet can lead to a significant return if most or all of the selections are successful. However, the initial stake can be quite high, as the total stake is the amount wagered per bet multiplied by the number of individual bets.
The Grand Martingale betting system is a variation of the classic Martingale betting strategy. In this system, instead of merely doubling the bet after a loss, the player doubles their bet and adds an additional unit. This aggressive strategy aims to recover all previous losses and gain a small profit with a single win, but it requires a significant bankroll and is high risk due to the exponential increase in stake after each loss.
The Green Lumber Fallacy is a concept from finance and behavioral economics referring to the misconception that deep, technical knowledge is required to succeed in a field. The term comes from a story about a trader who made a fortune trading “green lumber,” mistakenly thinking it referred to lumber painted green, instead of freshly cut lumber. It serves as a reminder that practical knowledge, not just formal education or comprehensive technical understanding, is valuable for success.
In the context of computer science and cryptography, a hash chain is a method used for creating a sequence of hash-based puzzle or keys where each new key in the chain is created by applying a hash function to the previous key. This technique is used in various digital security processes, including secure password storage and blockchain technology, providing a way to ensure data integrity and security.
A hash code is a numerical value that is generated by a hash function from input data of arbitrary size. This unique identifier is used in various areas of computer science including database retrieval, encryption, and data detection algorithms. It serves to efficiently store, retrieve, and compare data, although it doesn’t allow for the reconstruction of the original data.
A hash function is a special type of function used in computing to transform input data of any size into a fixed-size string of characters, which is typically a numerical value. This process is fundamental to many computer applications, including data retrieval, encryption, and error checking. Hash functions are integral to the operation of modern data structures and algorithms, providing fast access and secure storage of data.
A hashed seed refers to a seed value (initial input) that has undergone a hash function to produce a fixed-size output of encrypted data. This technique is commonly used in computer security, blockchain technologies, and in the generation of random values in gaming systems. The hashed seed serves as an essential component in ensuring data security and fairness in these systems.
A hedge bet is a wager placed to offset potential losses from an initial bet. It provides a form of insurance, allowing the bettor to minimize their risk by betting on an opposing outcome to their original wager. While it can reduce potential profits, it provides a safety net that can ensure a return irrespective of the final result.
Hedging is a strategy used in betting and finance to minimize risk and secure profits. It involves making additional bets that are opposite to an initial wager to create a situation where there is a guarantee of some level of profit, regardless of the outcome. While it may reduce potential gains, it’s an effective strategy to ensure returns and manage betting bankrolls.
A Heinz bet is a type of full cover bet that involves six selections and consists of 57 individual bets: 15 doubles, 20 trebles, 15 four-fold accumulators, 6 five-fold accumulators, and a single six-fold accumulator. Named after the ’57 varieties’ Heinz company slogan, this betting system requires only two successful selections to get a return, making it a popular choice among bettors who are comfortable with its complexity and the higher stake requirement.
High stakes gambling refers to betting a large amount of money on the outcome of a game or event. While the definition of ‘high stakes’ can vary, it typically involves amounts that are significantly higher than average. High stakes gambling is often associated with high rollers or professional gamblers who have substantial bankrolls. The potential returns can be huge, but the risks are equally high.
A high-roller bonus is a type of reward or incentive offered by casinos to players who deposit and wager large amounts of money, also known as “high rollers.” These bonuses can take many forms, including matched deposits, cashback, or exclusive perks such as higher betting limits, personal account managers, and invitations to special events. They are designed to attract and retain players who contribute significantly to the casino’s revenue.
A hot wallet refers to a digital wallet that is connected to the internet and used for storing, sending, and receiving cryptocurrencies. While they provide convenience and ease of access, hot wallets are considered less secure than cold wallets (offline wallets) because they are susceptible to online threats such as hacking and malware. They are typically used for storing small amounts of cryptocurrency that may be used for daily transactions.
The house edge is a term used in gambling to describe the mathematical advantage that the casino, or “house,” has over the players in the long run. It is usually expressed as a percentage of each bet that the casino expects to keep over the long term. The house edge varies between different casino games and types of bets, and it’s a primary way that casinos make profit.
An immutable bet is a wager that, once made, cannot be altered or tampered with. This term is most commonly used in the context of blockchain-based betting platforms, where the immutability of blockchain technology ensures that once a bet is placed and recorded on the blockchain, it cannot be changed or manipulated, thus ensuring fairness and transparency in the betting process.
In-built casino games refer to the games that come integrated within a casino platform. These games are often proprietary, meaning they are developed and owned by the casino operator, and can’t be found on other platforms. The advantage of in-built games is that they can be customized to the operator’s specifications, allowing for unique gaming experiences, and often enhanced graphics and gameplay.
In-play betting, also known as live betting, is a type of wagering that takes place after an event or game has started. It allows bettors to place bets on various aspects of the game as it unfolds in real-time, with odds that adjust dynamically to reflect the current state of play. This form of betting is popular in sports like football, tennis, and basketball, offering an interactive and immersive betting experience.
An initial deposit bonus, often called a welcome bonus, is a reward that online casinos offer to new players when they make their first deposit. This bonus is typically a percentage of the deposit amount and can also include free spins or other perks. It’s a marketing strategy used by casinos to attract new players. However, these bonuses often come with wagering requirements, which dictate how many times the bonus amount must be wagered before it can be withdrawn.
An instant play casino is an online casino that allows players to play games directly through their web browser without needing to download any software. This type of casino uses Flash, Java, or HTML5 technology to run games, making it accessible from a wide range of devices including desktop computers, laptops, and mobile devices. It offers convenience to players by eliminating the need for software installation.
Instant withdrawal refers to the process of quickly withdrawing funds from an online casino or betting account, typically within a few minutes or hours. This feature is important to players as it allows them to access their winnings without a prolonged waiting period. However, the availability of instant withdrawals can depend on various factors, including the withdrawal method chosen, the player’s account verification status, and the policies of the particular casino or betting site.
Interactive gaming refers to a gaming experience where players interact with the game in real-time, influencing the outcome based on their actions. It covers a wide range of games, including video games, virtual reality games, and online gambling games. In the context of online gambling, interactive gaming can involve live dealer games, in-play betting, and social games where players interact with each other.
The Inverse Martingale Strategy, also known as the anti-martingale, is a betting strategy where a player doubles their bet following a win, and halves it after a loss. Unlike the traditional Martingale strategy, which aims to recover losses, the inverse strategy aims to capitalize on winning streaks while minimizing losses during losing streaks. It reduces the risk of losing large amounts, but also limits potential gains.
A jackpot pool refers to a collective prize fund that accumulates until a player wins the jackpot. It’s often found in games such as slot machines, lottery, and poker. The pool can be ‘progressive’, growing over time from a percentage of each wager placed by players until it’s won, or ‘fixed’, where the amount is predetermined and does not change regardless of the number of plays.
Know Your Customer, or KYC, is a process used by businesses to verify the identity of their clients. In online gambling, it typically involves submitting documents such as proof of identity (like a passport or driver’s license) and proof of address. KYC is a regulatory requirement designed to prevent fraud, money laundering, and underage gambling, and is essential for ensuring the integrity of online gambling platforms.
The Kelly Criterion is a mathematical formula used in gambling and investing to determine the optimal size of a series of bets. It balances both risk and reward by considering the odds and the player’s probability of winning. If applied correctly, the Kelly Criterion can help optimize the growth of the player’s bankroll over the long term, but it requires an accurate estimation of the win probability for each bet.
A key bet is a term used in sports betting for a wager that is considered pivotal in a betting strategy. This can refer to a wager with high stakes, a bet that significantly affects potential payouts, or a pivotal decision in a betting system, such as a single selection in an accumulator bet that the rest of the bet hinges on. The success or failure of a key bet can have a substantial impact on the overall betting outcome.
The Labouchere betting strategy, also known as the cancellation system, involves the bettor setting a target amount they want to win, then breaking that amount down into a sequence of numbers that add up to the target. Bets are then placed based on the sum of the first and last numbers in the sequence. After a win, the numbers used are crossed off, and the next bet uses the new first and last numbers. After a loss, the amount lost is added to the end of the sequence. This process continues until all numbers are crossed off.
A lay bet is a wager that a particular event will not happen, effectively taking the role of the bookmaker. This type of bet is common on betting exchanges, and allows the bettor to wager against a specific outcome, such as a particular team winning a match. If the event does not occur, the bettor wins, but if the event does occur, the bettor must pay out the backer’s winnings, which can be a much higher sum than the original stake.
Lay the Draw’ is a popular betting strategy often used in football betting where a bettor lays a bet against the game ending in a draw. The aim is to then trade out for a profit if a goal is scored, as this would decrease the probability of a draw, and thus lower the lay price.
Line shopping is a betting strategy where a bettor compares the odds and lines offered by different bookmakers or betting platforms for the same event. The goal is to find and place bets at the best possible odds to maximize potential returns. Line shopping can be time-consuming but it is a proven method to increase profitability in sports betting over the long run.
Live betting, also known as in-play or in-game betting, refers to the practice of placing bets on a sporting event after it has already started. The odds are dynamic and change in real-time based on the progress of the game. This offers bettors the opportunity to gauge the game’s momentum before deciding where to place their bets, adding another layer of strategy and excitement to sports betting.
This refers to an online gambling platform where games are hosted by real dealers and played in real-time. What sets these platforms apart is the use of cryptocurrency as the primary mode of transaction. Players can place bets and receive payouts in Bitcoin or other digital currencies. These casinos often come with advanced encryption, promoting higher levels of security and anonymity.
In the gambling world, ‘Lossback’ refers to a type of bonus or promotional offer where the casino returns a certain percentage of a player’s losses over a specified period. It’s a risk management strategy, helping players mitigate the impact of losses, and it encourages sustained patronage.
This refers to wagering small amounts of money on a game or event in a casino or online gambling platform. The aim is to reduce potential financial losses while still enjoying the excitement of the game. It’s popular among casual gamblers and those looking to practice or experiment with new games or strategies without significant financial risk.
These are types of bets that encompass a variety of combinations in horse racing, but can also be used in other sports. A Lucky 15 consists of 15 bets involving 4 selections in different events, a Lucky 31 has 31 bets on 5 selections, and a Lucky 63 comprises of 63 bets on 6 selections. They include singles, doubles, trebles, four-folds, five-folds and six-folds, allowing for returns even if not all selections win.
This is a gambling strategy in which a gambler doubles his or her bet after each loss, with the idea being to cover all previous losses plus make a small profit when a win eventually occurs. The strategy is based on the concept of statistical independence, but in practice, it can lead to substantial financial loss due to the exponential growth of the bets.
This is the same as the Martingale Betting Strategy. Both terms refer to the betting technique where a gambler doubles the bet after each loss, hoping to recover all losses and gain a small profit upon winning.
This refers to the act of betting on both outcomes of an event in different bookmakers to ensure a profit regardless of the result. It involves capitalizing on the discrepancy between odds offered by different bookmakers.
This is a betting technique used by individuals to profit from the free bets and incentives offered by bookmakers. It involves placing bets on all potential outcomes of a specific event, thus removing the risk associated with losing, and leveraging the bonuses offered by bookmakers to ensure a profit.
This is a pseudorandom number generating algorithm used extensively in computer systems, including those of online casinos and games. Named after the Mersenne prime numbers, it’s known for its high-quality randomness and long period, making it suitable for applications requiring randomly generated data.
In the context of sports betting, ‘Middling’ is a strategy where a bettor places bets on both sides of the same sports event at different points in time when the odds fluctuate. The goal is to create a situation where there’s a possibility of winning both bets, often related to changes in point spreads or total score predictions.
In the context of cryptocurrencies, ‘Mining’ refers to the computational process of validating and recording transactions on a blockchain. Miners use powerful computers to solve complex mathematical problems, and upon solving these problems, they add new ‘blocks’ of transactions to the chain and are rewarded with a certain amount of the cryptocurrency.
This refers to the act of placing wagers on sporting events or casino games via a mobile device, such as a smartphone or tablet. Most online betting platforms now offer mobile-friendly websites or dedicated apps, allowing users to bet on-the-go with the same features and functionality as traditional desktop platforms.
This is an online casino that allows transactions (bets and payouts) using cryptocurrency and is optimized for mobile devices. These casinos allow players to wager on various games from their smartphones or tablets using Bitcoin, Ethereum, or other cryptocurrencies, offering the benefits of privacy, security, and often, faster transactions.
This term refers to platforms or services (like online casinos or digital wallets) that accept or handle more than one type of cryptocurrency. Users of these platforms can transact in various cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, etc., offering flexibility and broadening accessibility for different crypto holders.
In sports betting, a ‘Money Line Bet’ is a wager placed on which team or individual will win a game or event outright, without consideration for points spread. The odds are represented in positive or negative figures, showing how much you would need to stake to win a certain amount or how much you could win from a particular stake.
These are online gambling platforms that accept a variety of different currencies, both traditional (like USD, EUR, GBP) and cryptocurrencies (like Bitcoin, Ethereum). This feature allows them to cater to a global audience, each with different preferred methods of transaction.
In the context of cryptocurrencies, ‘Multi-Signature Transactions’ require more than one private key to authorize a transaction. This increases security, as a single person or device does not hold all the necessary information to move the crypto assets, making it harder for assets to be stolen or misused.
These are online or video games that allow multiple people to play at the same time, either cooperatively or competitively. They can be played over the internet, on local networks, or on the same device, depending on the game. Examples include massively multiplayer online games (MMOs), team-based shooters, or online casino games with live dealers.
Also known as a ‘combo bet’ or ‘accumulator’, a ‘Multiple Bet’ is a single wager that links together two or more individual bets. All the selections must win for the bet to be successful. The benefit is that the odds multiply with each additional selection, potentially leading to significant winnings from a small stake.
This is a betting strategy where the bettor increases the amount of their bet after each loss. The logic behind this system is to recover from a losing streak by capitalizing on the eventual win. Common examples include the Martingale and Fibonacci betting systems. However, it can lead to significant losses if the losing streak continues.
This is a promotional strategy used by online casinos where players are given a bonus balance to play with, without needing to make a deposit first. This allows new players to try out the platform’s games without risk, but usually, certain wagering requirements must be met to withdraw any winnings made from the bonus.
This is a betting technique that involves placing bets on all potential outcomes of a specific event to guarantee a profit, regardless of the result. It capitalizes on the free bets and bonuses offered by bookmakers, with no risk involved, provided the right calculations and selections are made.
In the field of cryptography and in the context of blockchain technology, a ‘Nonce’ (number used once) is a value that is used only once in a cryptographic communication. In the process of mining, it is the number that miners must find to create a new block on the blockchain.
In betting, ‘Odds’ represent the likelihood of an event occurring, used to calculate the payout of a winning bet. They can be displayed in various formats (decimal, fractional, American), and they indicate the potential return on a wager, including the stake.
This refers to transactions or bets that occur outside the blockchain network. While they may be linked to the blockchain and cryptocurrencies, the transaction details are not recorded on the public ledger, allowing for faster and cheaper transactions, albeit at the cost of some security and transparency.
This is a form of online gambling where all transactions and outcomes are recorded on a blockchain. This provides increased transparency and fairness, as the results of games and the movement of funds can be independently verified by anyone. However, it can be slower and more expensive due to blockchain transaction fees and times.
This refers to the act of placing bets on certain outcomes of various events, such as sports matches or casino games, through internet-based platforms. These platforms offer convenience and wide availability, often providing a range of different betting markets and options.
This is a form of online gambling where cryptocurrencies are used as the medium for deposits, wagers, and withdrawals. It offers advantages such as improved privacy, lower transaction fees, and faster payment processing, and it often takes place on blockchain-based platforms for increased transparency and fairness.
This is a betting system where the gambler increases their bet by one unit after a loss, but only if the bet would result in a profit for the overall sequence. It’s a relatively low-risk betting strategy used primarily in games of chance where bets are close to 50/50, such as roulette.
In sports betting, an ‘Outright Bet’ is a wager on the overall outcome of a competition or tournament rather than on individual games. For example, betting on which team will win the World Cup, rather than betting on the result of a specific match within the tournament.
Also known as a totals bet, an ‘Over-Under Bet’ is a wager that the combined score or other statistic of a game will be either over or under a number set by the bookmaker. It’s a popular form of betting in sports like football, basketball, and baseball, and it does not require a bettor to predict the game’s winner.
This is a form of wagering where the bettor is predicting whether a specific statistic, typically the total score or points, in a game or event will be over or under a number set by the bookmaker. It’s commonly used in many sports where the total number of goals or points can be predicted.
This is the same as Over-Under Betting. Both terms refer to a form of wagering on sports where the bettor predicts whether a particular statistic, most often the total points or score, will be over or under a number set by the bookmaker.
This is a type of betting system in which all bets of a particular type are pooled together. The payoff odds are calculated by sharing the pool among all winning bets. This form of betting is commonly used in horse racing, greyhound racing, and other sports where participants finish in a ranked order.
A ‘Parlay Bet’ is a single wager that links together two or more individual bets. For the parlay to win, all individual bets within the parlay must win. The benefit is that the odds multiply with each additional bet, leading to the potential for a large payout from a small initial wager.
This is a type of wager that involves linking two or more individual bets together into one larger bet. All selections must win for the parlay to win. It’s riskier than placing each individual bet separately, but the potential payouts are much higher.
This is a positive progression betting system where the bettor doubles their bet after each win. The idea is to capitalize on winning streaks while keeping the losses to a minimum during losing streaks. It’s often used in games of chance like roulette, baccarat, and craps.
A ‘Patent Bet’ is a type of wager that consists of seven bets involving three selections in different events. It includes a single bet for each selection, three doubles, and one treble. At least one selection must win for a return to be achieved on the bet.
This is an online casino model where players can play casino games without the need to go through lengthy registration processes. The system is facilitated by Trustly, a payment provider that allows for instant deposits and withdrawals. The ‘Pay N Play’ model provides an efficient and user-friendly gambling experience.
Also known as peer-to-peer or P2P betting, ‘Peer Betting’ is a form of gambling where bettors wager against each other rather than a bookmaker. In this model, one player acts as the bettor while the other acts as the bookmaker, setting the odds. This can allow for more favorable odds and greater market flexibility.
This is a decentralized form of network architecture where all participating players, referred to as peers, share the responsibilities of hosting game data, processing information, and making computations. It contrasts with the traditional client-server model, where a central server manages and distributes all information. This decentralization can potentially improve the efficiency, reliability, and scalability of games.
These terms are predominantly used in lottery games, where players select a specific set of numbers within a larger pool, hoping for a match in the subsequent drawing. “Pick 3” refers to games where three numbers are chosen, “Pick 4” for four numbers, and so on. The numbers chosen can often be played in various combinations, adding complexity and variance to the game.
In gambling, a place bet is a wager on a participant to finish a race or event within a certain position, often first or second place. This type of bet is commonly used in horse racing and provides a greater chance of winning compared to a “win” bet, where the participant must finish first.
This term refers to the privacy of a player’s identity in an online setting. It allows individuals to play games or interact in online communities without revealing personal information such as their real names, addresses, or other identifiable data. It can enhance the sense of security and freedom in online interactions but can also contribute to issues like trolling or unaccountability.
Originating from the TV show “The Price is Right,” Plinko is a game of chance where players drop a disc down a pegged board. The disc bounces off pegs as it falls, eventually landing in a slot at the bottom that awards a certain number of points or a prize. The game has since been adapted to various contexts, including online games and promotions.
A betting technique used in sports wagering, where the bookmaker assigns a margin of points that a team must win by for a bet on them to pay off. It’s designed to level the playing field between two unevenly matched teams, offering competitive betting odds regardless of the actual likelihood of each team winning the game outright.
Also known as pari-mutuel betting, this is a system of wagering where all bets of a particular kind are placed together in a pool. The payout, or “dividend,” is not determined until the pool is closed, and is calculated by dividing the total stake by the number of winning tickets, less any operator deductions.
This is a strategy used in gambling where the player increases the bet amount after each win. The idea behind this system is to maximize winning streaks and minimize losses when the player is having a losing streak. Notable examples include the Paroli system and Reverse Martingale strategy.
In cryptography, a private key is a secret piece of data that allows users to decrypt or sign messages. It forms the basis of various forms of secure communication, digital signatures, and cryptocurrency transactions. It is critical to keep private keys secret, as anyone with access can impersonate the key owner or decrypt their sensitive information.
This is a branch of mathematics that quantifies the likelihood of an event occurring. Probability is typically expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty. It is a foundational concept in various fields including statistics, machine learning, physics, and, of course, gambling and gaming.
This term refers to a jackpot (the largest prize) in a game, especially in gambling, that increases each time the game is played but the jackpot is not won. Once the jackpot is hit, it resets to a predetermined value and starts to increase again with each game. Progressive jackpots are most commonly found in slot machines and video poker machines.
Short for “proposition bet,” this term refers to a type of bet placed on a specific occurrence or non-occurrence within a game that does not directly affect the game’s final outcome. This could involve events like betting on which team will score first, the total number of home runs in a baseball game, or whether a player will hit a specific milestone.
This is a betting strategy whereby the bettor determines the size of their bet as a percentage of their current bankroll. The strategy is designed to optimize long-term growth of the bettor’s funds, as the size of each bet grows or shrinks with the size of the bankroll.
In the context of online gaming and gambling, a provably fair algorithm is a mathematical method used to ensure the fairness and transparency of a game. It allows players to verify that the outcome of each game was not manipulated, offering a higher level of trust in the game’s fairness.
This refers to a game of online blackjack that uses a provably fair algorithm. It provides the assurance that each hand dealt is not manipulated and is generated in a fair and transparent manner, allowing players to independently verify the fairness of each game round.
This is a concept in online gaming and gambling that allows the verification of each game’s fairness. It involves using cryptographic hash functions to create a fingerprint of the game data, which can be used later to verify that the data has not been tampered with during the game.
This refers to online poker games that implement a provably fair algorithm. In these games, the shuffle and deal of cards can be independently verified by any player to ensure fairness and transparency, which can enhance trust and integrity in the game.
This term refers to online slot machine games that use a provably fair algorithm. It allows players to verify that each spin’s outcome is fair and has not been tampered with, providing a high level of transparency and trust in the game.
In the context of cryptography, a public key is a cryptographic key that can be freely used by any party to encrypt a message intended for a specific recipient or to verify a digital signature. The corresponding private key is used to decrypt the message or sign a document. Public keys are a central component of many cryptographic protocols including secure email, HTTPS, and blockchain technologies.
A public ledger is a record-keeping system that can be openly viewed by anyone. It is transparent and typically immutable, which means once an entry is made, it cannot be altered or deleted. The most famous example of a public ledger is the blockchain technology used by Bitcoin and other cryptocurrencies. This technology allows for transparent, secure, and decentralized record-keeping.
In the realm of quantum mechanics, entropy is a measure of the disorder or randomness in a quantum system. It quantifies the amount of “mixedness” or lack of information about the exact state of the system. This concept plays a crucial role in several areas of quantum information science, including quantum computing and quantum cryptography.
This term comes from horse racing and refers to a bet where the bettor predicts the first two horses to finish the race, in any order. Unlike an exacta bet, where the order of the two horses is significant, a quinella bet pays off as long as the bettor’s chosen horses finish in the top two.
In the context of gambling, particularly poker, the rake is the commission or fee taken by the house (the entity hosting the game) from the pot after each round of betting. It serves as the primary way for the house to generate revenue, as it typically does not participate in the game.
RNG is a computational or physical process used to generate a sequence of numbers that lack any discernible pattern, making them random. RNG is crucial in a variety of fields, including computer simulations, cryptography, and gaming, where they are used to ensure fair play and unpredictability of outcomes.
A random seed, or seed value, is an initial input used in computing to generate a sequence of random numbers in a pseudorandom number generator. Although the sequence of numbers generated by a particular seed will always be the same, if the seed is unknown or randomly chosen, the resulting sequence will still effectively be random.
This is a marketing strategy used by businesses to incentivize current users or customers to recruit new ones by providing some form of reward, such as discounts, cash, or services. In the context of gaming, a player might receive game credits or bonuses for referring a new player to the game.
ROI is a financial metric that is widely used to measure the likelihood of gaining a return from an investment. It is a ratio that compares the gain or loss from an investment relative to its cost. ROI is used to evaluate the efficiency of an investment or compare the efficiencies of several different investments.
In the context of gambling, particularly slot machines and video poker, RTP is a measure of the percentage of stakes a game returns to players over a prolonged period of play. It’s usually expressed as a percentage. A game with a higher RTP is generally considered to give a better payout to players.
A wager commonly made in horse racing where the bettor selects two horses and wins if they finish in the first two places, in either order. It is equivalent to two straight forecast bets and therefore requires a double stake.
These are points given by a company or service provider to customers who make frequent purchases or use their service regularly. These points can usually be collected and redeemed for rewards such as discounts, products, services, or other benefits. In gaming, reward points might be redeemed for in-game content or perks.
In finance and investment, the risk-reward ratio is a measure that compares the potential profit of an investment to the potential loss. It’s calculated by dividing the amount of risk (potential loss) by the potential return (reward). This ratio is used to assess the expected returns of an investment in relation to the potential downside risk.
This betting term refers to a type of wager that generates multiple parlays from a set of selected teams. A Round Robin bet allows the bettor to pick three or more teams and cover all possible parlay combinations within those teams. This strategy increases the probability of a return on a bet.
Named after the pseudonymous creator of Bitcoin, Satoshi Nakamoto, the Satoshi Dice game is one of the earliest and most popular Bitcoin games. It’s essentially a blockchain-based betting game where players send Bitcoins to a designated address and the winnings are paid back directly to the player’s Bitcoin wallet.
In sports betting, Scorecast betting involves betting on two separate but related contingencies: the player who will score the first goal and the correct final score. Both parts of the bet must be correct to win, making it a more risky but potentially higher paying bet.
SHA-2 is a set of cryptographic hash functions designed by the National Security Agency (NSA) and published in 2001 by the National Institute of Standards and Technology (NIST). Hash functions take an input and return a fixed size string of bytes, with the intent that any change to the data will change the hash value. SHA-2 is commonly used in blockchain technologies, including Bitcoin.
In the context of provably fair gaming, the seed reveal refers to the revealing of the initial random seed number used in the game’s algorithm once a game round is completed. The seed reveal allows players to verify the fairness of the game’s outcome.
In a provably fair game system, the server seed is a secret random number generated by the game server. Combined with a seed provided by the player, it helps in generating the outcome of the game. The server seed is revealed after each round, allowing players to verify the fairness of the game.
In the context of sports betting, a “sharp” refers to an individual bettor who is professional and knowledgeable, using sophisticated models to determine their bets. Sharps often move betting lines due to the large amounts they wager, and they are watched closely by bookmakers for this reason.
This refers to the act of placing bets like a “sharp” bettor. It involves using statistical analysis, comprehensive research, and an understanding of betting market behavior to place informed bets, rather than making decisions based on instinct or casual observation.
Originating from horse racing, a show bet is a wager that a particular horse will finish in one of the top three positions. It offers better chances of winning than a “win” or “place” bet, but typically with smaller payouts. This term is also used in other racing sports with similar betting systems.
A sign-up bonus is an incentive offered by businesses, particularly in the gaming and finance industries, to attract new customers. It’s typically given upon registration and can take different forms, such as free spins or rounds in online casinos, or a sum of money added to your account in banking or trading platforms.
In the context of online gaming, a single wallet refers to a system that allows users to use the same account balance across different games or betting platforms. This means that players don’t need to transfer funds between different accounts to play various games on the same site.
This involves placing bets using smart contracts – self-executing contracts with the terms of the agreement directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network, providing transparency, security, and efficiency to betting operations.
A smart contract casino is an online gambling platform that uses blockchain technology and smart contracts to handle transactions and game outcomes. These casinos often promise greater transparency and fairness, as the smart contracts can be audited to verify the outcome of games and distribution of winnings.
SoftSwiss is a business-to-business software provider for iGaming. They provide solutions for online casinos, including software for managing casino operations, games from various suppliers, and services such as licensing and financial infrastructure.
Sports spread betting is a form of wagering on a sports event in which the bettor bets on whether a specified outcome will end up being above or below a range called ‘the spread’. The profits or losses are determined by how much above or below the spread the final outcome ends up.
A sportsbook, also known as a bookmaker, is an organization or a person that accepts and pays off bets on sporting and other events at agreed-upon odds. They set the odds for various sporting events and accept bets from customers.
Spread betting is a type of wagering on the outcome of an event, where the pay-off is based on the accuracy of the bet, rather than a simple win or lose outcome. It differs from fixed odds betting in that the amount won or lost can be much higher than the original bet amount.
In the context of sports betting, a ‘square’ is a novice or amateur bettor who places bets based on instinct or public opinion rather than through careful research and analysis. Squares are the opposite of sharps, who are professional and knowledgeable bettors.
Square betting refers to the act of placing bets like a ‘square’ bettor, often making decisions based on popular opinion, personal bias, or gut feeling rather than comprehensive analysis and understanding of betting market behavior. Square bets often go with the favorite teams and popular narratives.
This refers to the practice of gambling or placing bets using stablecoins, which are cryptocurrencies designed to minimize volatility by being pegged to a reserve of assets, often the US dollar. This enables users to gamble with digital currencies while avoiding the wild price swings associated with other cryptocurrencies.
In gambling, the stake refers to the amount of money risked on a bet. It is the money that a bettor stands to lose if their bet is incorrect. In a broader business context, a stake can also refer to an individual or group’s share or interest in an enterprise.
Stake weighting is a term often used in online casinos to refer to the proportion of a bet that contributes to the wagering requirements of a bonus. Different games may have different stake weights, meaning that the wagering requirement may be met faster by playing certain games compared to others.
In sports betting, a steam move is a sudden, drastic and uniform line movement across the entire sports betting marketplace. Steam is the result of a sudden overload of money placed at multiple sportsbooks and, in most cases, occurs due to betting groups, betting syndicates and a few key players with the resources to “get down heavily” at multiple locations, all at once.
A straight bet is a type of wager on a single outcome in a event. It is the most common form of betting, where you choose a team or an individual to win a sporting event.
A type of bet commonly made in horse racing, a straight forecast involves predicting the exact order of the first two finishers in a race. Both predictions must be accurate for the bet to win.
A Super Heinz is a bet on seven selections taking part in different events and includes 21 doubles, 35 trebles, 35 fourfolds, 21 fivefolds, 7 sixfolds, and a sevenfold accumulator. It’s a full coverage bet and as long as one of the selections wins, some return will be guaranteed.
A superfecta bet is a type of wager used in horse racing in which the bettor must correctly predict the first four finishers of the race, and also the exact order in which they finish.
Table games refer to classic casino games that are played on a table, often managed by a dealer or croupier. Examples include Blackjack, Roulette, Craps, Baccarat, and Poker.
A teaser bet is a type of bet that allows you to adjust point spreads for a pair of games. The bettor gets to add or subtract points from the team(s) they decide to bet on. The adjustability of the spreads allows the bettor to increase their chances of winning, but it also reduces the potential payouts.
A double bet is a type of multiple bet where two separate event outcomes are selected, and both must be accurately predicted for the bet to win. The return from the first event is rolled over as the stake for the second event. The term ‘double’ indicates that it involves two selections.
A round robin bet is a type of wager that involves making multiple parlays out of a set of selections or teams. In essence, it’s a way to lower the risk of a parlay bet by creating multiple parlays from a chosen set of teams.
A third party auditor refers to an independent organization that is not affiliated with either the entity being audited or the entity demanding the audit. They perform an external audit to evaluate the accuracy, fairness, and compliance of certain procedures or financial statements.
A timestamp is a sequence of characters or encoded information that identifies when a certain event occurred, typically giving the date and time of day, sometimes accurate to a small fraction of a second.
Token-based rewards refer to the use of digital tokens as a form of reward in a loyalty program, online game, or similar systems. These tokens often have some intrinsic value within the specific system or can be traded for goods, services, or other benefits.
Also known as pari-mutuel betting, totalizator betting involves all the stakes for a particular bet being pooled together. The winnings are then divided out among the winners after the operator has taken out their commission. The final payout is not determined until the pool is closed.
Also known as over/under betting, totals betting involves wagering on whether the combined total score of a sports game will be over or under a number set by the bookmaker. It does not require choosing the winner of the game.
In blockchain technology, a transaction block is a collection of transactions on the network that have been gathered into a block and added to the blockchain. Each block contains a record of transactions made during a certain period.
In the context of blockchain, a transaction hash is a unique string of characters that identifies a particular transaction. It is created through a cryptographic process and is used to track and manage transactions across the network.
Transparency, in general, is the quality of being easily seen through. In the context of business and technology, it refers to the characteristic of systems, organizations, and individuals to be open in the clear disclosure of information rules, plans, processes, and actions. It’s considered an important factor for trust, success, and compliance in modern business and governance.
A tricast bet is a type of wager in horse racing where the bettor must correctly predict the horses that finish in first, second, and third place, in the correct order. This bet is considered to be challenging but can offer high returns due to its difficulty.
A trifecta bet is similar to a tricast bet, often used in horse or greyhound racing. The bettor must accurately predict the first three finishers in the exact order. A box trifecta allows for these to be in any order but at an increased stake.
A Trixie bet is a type of multiple wager that consists of four bets on three selections. This includes three double bets and one treble bet. At least two of the selections must be successful for the bet to yield a return.
2FA is a security measure that requires users to provide two forms of identification before accessing their account. Typically, one is a password and the other is a unique code sent to a trusted device or app.
VIP programs or bonuses are rewards given to loyal customers or high rollers in online gambling. These can take the form of exclusive promotions, enhanced customer service, cashback, and other perks to incentivize continued play.
Value betting involves wagering on an event in such a way that the odds are in the bettor’s favor. This requires an accurate estimation of the real probability of an outcome, better than those offered by the bookmaker.
Variance refers to the statistical measure of how a set of values differs from the average value in the set. In gambling, it often relates to the volatility of a game, with high variance games having a greater difference in potential payouts.
In the context of online gaming, verifiable fairness is a feature that allows players to verify that the outcome of a game was completely random and not manipulated. This is often accomplished using cryptographic methods.
Video Poker is a digital version of traditional poker, usually played on a machine similar to a slot machine in physical casinos, or as a virtual game in online casinos. The goal is to make the best five-card hand possible.
Vigorish, also known as the “juice,” is the commission that bookmakers charge for taking bets from bettors. It’s usually factored into the odds, meaning bettors need to wager the amount of the vig in addition to their bet to break even.
Virtual racing is a digital simulation of real-world racing events, such as horse or car racing. Outcomes are usually determined by algorithms to ensure fairness. Bettors can place bets on these simulated races, just like they would in real-world races.
A virtual reality casino is an online casino that utilizes virtual reality technology to provide an immersive gambling experience. This typically involves a VR headset and may include interactive games and a lifelike casino environment.
This involves placing bets on simulated sports events, which are designed to mimic real sports. These events are typically shorter than real-world sports events and can be wagered on at any time, independent of real-world schedules.
In the context of gambling, volatility refers to the level of risk involved in a particular game. High volatility games may have larger but less frequent payouts, while low volatility games generally offer smaller, more frequent payouts.
Wagering contests are promotions offered by casinos where players compete to wager the most money within a certain period. The players with the highest wagers often receive additional prizes or bonuses.
This is a condition set by casinos on bonuses and free spins. It specifies the amount a player needs to bet before they can withdraw winnings derived from a bonus.
In the realm of digital currencies, a wallet address is a unique identifier that represents a destination for a cryptocurrency transaction. It is analogous to an account number in traditional banking.
A welcome bonus is a promotional offer provided by online casinos to attract new players. It often takes the form of matched deposits, free spins, or other rewards offered when a new user registers or makes their first deposit.
In gambling, a whale is a term used to describe a high-roller or a player who wagers large amounts of money. Casinos often provide special perks and bonuses to attract and retain these types of players.
A wheel bet is a type of bet in horse racing. It involves picking one horse to win, place, or show, and betting it together with all possible combinations of other horses.
A white-label casino is a ready-made online casino purchased from a provider, then rebranded and marketed under a new company name. This allows companies to start a casino without developing the technology and games from scratch.
In betting, a “wise guy” refers to an educated bettor who is well-informed and makes bets based on thorough research, often beating the odds over the long run.
A Yankee bet is a wager on four selections and consists of 11 separate bets: 6 doubles, 4 trebles, and a four-fold accumulator. At least two selections must win to gain a return.
In cryptocurrency, zero-confirmation transactions are transactions that are announced to the network but have not yet been included in the blockchain. They carry more risk as they could potentially be reversed or double-spent.
This is a cryptographic method by which one party can prove to another that they know a value or information, without conveying any other information apart from the fact they know it. It enhances privacy in blockchain transactions.
