Online casinos are getting a lot more popular with each passing day. That means that new people are discovering these sites, and enjoying the many games available there. However, it is worth noting that a lot of people go into online gambling completely blind.
While it is certainly possible to go in without any prior knowledge, it is always better to know something about the NZ casino games at Christchurch Casino and other such websites, before you start playing. At the very least, knowing the most important terminology couldn’t hurt. So, in this article, we share the important terms every gambler should know.
Wagering Requirement
When you visit an online casino, you might notice something called a wagering requirement, brought up in the terms and conditions. As you can probably guess, a wagering requirement is the amount of money you have to wager in order to make the full use of a casino bonus.
Casino bonuses are part of the reason that online casinos are so successful. However, many people completely ignore the terms and conditions, as well as the wagering requirements, which results in a lot of headaches. So, when gambling, make sure you look at the T&C for any bonus you might be using.
RTP vs. House Edge
RTP and house edge are both a big part of online gambling. In fact, they are a very important aspect of gambling in general. But, a surprising amount of newbies are unaware of what these terms actually mean. So, let’s explain what casinos mean when they say RTP and house edge.
- Return to Player: RTP is the percentile description of the amount of money a game is expected to payout throughout its entire existence. RTP does not refer to a single player’s wagers, or a short term bet. Keep that in mind when wagering.
- House Edge: a house edge is the opposite of RTP. Basically, it is the amount of money the casino expects to retain from a game, shown in percentages. So, the lower the house edge, the better the RTP. New players often look for high-RTP games.
License
Think of a license as a sort of seal of approval, issued to a casino by a state-sanctioned organization. In the sphere of online gambling, licenses can either be domestic or offshore. Often, offshore licenses are regarded as lesser. However, there is really no reason to think that way.
In fact, it has been shown that offshore casinos have some perks that domestically-licensed casinos might not possess. That being said, if online gambling is completely banned in the country you are in, then there is no way to play any sort of casino game online, even offshore.
Deposit and Withdrawal
Finally, we should talk about depositing and withdrawals. Deposits refer to the payment transactions made between a customer and the casino. These transactions involve the player putting money into their own account, so that they can use it to make wagers later.
Withdrawals are the opposite. Withdrawals refer to the payouts made by the casino to the player. In 2024, gamblers can make deposits and withdrawals using a number of methods, including digital wallets, cryptocurrency, credit and debit cards, and even direct wire transfers.