The iGaming universe is full of expressions, acronyms, and specific concepts that can be confusing for beginners. This glossary was created to help newcomers, professionals, and curious individuals better understand the main terms used in online casinos, sports betting, and eSports.
🎰 General iGaming Terms
- iGaming: Term that covers all types of online gaming and betting.
- Operator: Company that offers online casino or betting services.
- License: Legal authorization to operate in a specific country.
- RTP (Return to Player): Average percentage returned to players.
- House Edge: The casino’s built-in advantage.
- Random Number Generator (RNG): System ensuring random game outcomes.
- Game Provider: Casino game developer.
- Jackpot: The maximum accumulated prize in a game.
- Slot: Digital slot machine.
- Free Spins: Free rounds in slot games.
- Volatility: Risk level and frequency of winnings in a game.
- Demo Mode: Free-play mode without real bets.
- Progressive Jackpot: Jackpot that increases as more people play.
- Bonus Buy: Option to purchase direct access to a bonus round.
- Reel / Payline: Reels and paylines in slot games.
🏆 Sports Betting Terms
- Odds: Probability of an event occurring.
- Single Bet: A single selection in an event.
- Parlay (Combo Bet): Multiple selections in one bet.
- Live Betting: Placed during an ongoing match.
- Cash Out: Closing a bet before the event ends.
- Handicap: Adjustment to even out odds.
- Over/Under: Bet on whether the total score is above or below a value.
- Double Chance: Covers two possible outcomes.
- Bankroll: Total amount reserved for betting.
- Stake: Amount wagered on a selection.
- Tipster: Betting tip expert.
- Accumulator: Multi-bet with combined odds.
- Push: When a bet is refunded due to a draw.
- Draw No Bet: Bet refunded in case of a tie.
- Void Bet: Canceled bet.
🧩 Business & Affiliate Terms
- Affiliate: Partner that promotes iGaming brands.
- CPA (Cost Per Acquisition): Payment per acquired player.
- RevShare: Commission based on revenue percentage.
- Hybrid Deal: Mix of CPA and RevShare models.
- Conversion Rate: Visitor-to-player conversion rate.
- Traffic Source: Where users come from (Google, social media, etc.).
- Tracking Link: URL used to track conversions.
- Landing Page: Page designed for conversion.
- Retention Rate: Percentage of returning active players.
- Churn: Player dropout rate.
🧠 Technical & Regulatory Terms
- KYC (Know Your Customer): User identity verification.
- AML (Anti-Money Laundering): Anti-money laundering policies.
- Self-Exclusion: Option for players to block themselves.
- Responsible Gaming: Practices promoting safe gambling.
- License Jurisdiction: Country or entity regulating operations.
- Curacao eGaming / MGA / UKGC: Main licensing authorities.
- Compliance: Adherence to rules and regulations.
- Data Protection: Personal data privacy and safety.
- Fair Play: Assurance of fair gaming.
- Audit: Software and result verification process.
🎮 eSports & Virtual Games Terms
- Esports Betting: Betting on gaming tournaments.
- Fantasy Sports: Creating virtual teams based on real athletes.
- Virtual Sports: Digitally simulated sports.
- Streamer: Gamer who broadcasts matches live.
- Skin Betting: Wagering with virtual game items.
- Loot Box: Virtual box with random rewards.
- Match Fixing: Manipulating match outcomes.
- Tournament Pool: Prize fund for a tournament.
- LAN Event: In-person eSports competition.
- Bet Slip: Digital betting ticket.
💬 Conclusion:
The iGaming world is vast and fast-evolving, combining digital casinos, eSports betting, and affiliate markets. Mastering its language is the first step to excelling—whether you’re a player, professional, or enthusiast. This glossary is a starting point to explore a growing industry that is reshaping online entertainment in Latin America.
