If you are a begginer in the world of online gambling, it is highly recommended that you learn the meanings of words and terms used on Internet Casinos. That is why in Safe Casino Payments we offer you this special Payment Methods Glossary section to get familiar with the most important terms to deposit in Online Casinos.
When you deposit money at the time you decide to make your bets, a series of questions about some of the terminology might arise. Here is a list of the most common terms used in Online Casinos that you have to understand to make your payments and withdrawals:
Bankroll: The amount of money a person has in his/her posession to gamble.
Betting limits: A minimum and maximum amount of money that can be wagered be each of the players at a Casino game.
Bonus: Money given to a player for various reasons, such as making the first deposit in an Online Casino, a second deposit, being a loyal or VIP player.
Chips: Unit of currency at most table and card games in a Casino. The value can change from game to game and between Online Casinos.
Comp points: The name of the points earned at Online Casinos.
Credits: Another term for a unit of money, as the “Chips”.
Deposit: A payment made to an Online Casino in order to gamble. This quantity of money, plus any bonus you get, is considered your bankroll.
Free bonus: Rare bonus offered by a handful of Online Casinos that does not require a deposit in order to receive it.
Match bonus: Bonus given by an Online Casino that matches a certain amount of your deposit.
Payout: The amount of money paid out from a game or machine when the player wins.
Payout percentage: The percentage of each currency unit taken in at an Online Casino that is returned to the player as a win.
PIN number: Number required by many Online Casinos to be entered before they process a withdrawal.
Promotions: A series of contests, sweepstakes or other type of giveaways that Online Casinos use as either a loyalty perk or to drive more new customers their way.
Referral bonus: Bonus given to a player who refers another person to register in an Online Casino.
Withdrawal: A request to receive your payouts from an Online Casino.
Once you get familiar with the terms above and their meanings, your chances of feeling more secure the next time you deposit will surely increase. It is now time to gather some useful information about the most reknowned Online Casino payment methods on the net.