Important Terms to Note for Online Casinos

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KYC = KNOW YOUR CUSTOMER 

Guidelines or regulations that require casinos to verify the identity and risks involved with its customers

Examples include : 

• photo of a government issued license/ID card, 
• face verification 
• passport 
• document, such as utility bill, that verifies proof of address

*Some casinos are more restrictive in their KYC measures, it may depend on how large  your betting size is

VPN = Virtual Private Network

VPNs are a digital extension tool that create a secure tunnel between a user's computer and a VPN server. This ultimately hides a user's online activity and location. 

VPNs allow users to protect their online privacy and prevent their browsing activities from being tracked.

*Some online casinos may allow the use of VPNs, check its specific rules and terms/conditions for more info.

**You can use a VPN to bypass locations restrictions while traveling on vacation, if that geographical location happens to have a location restriction block.

***Always note, check the local laws of the area that you are currently residing or visiting in, to ensure that you are not breaking any laws by using a VPN.

Currency that is legally recognized and authorized by a national government. 

Examples include : USD ($), Euro (€), Won (₩), Yen (¥), Yuan (CN¥), Rupee (₹) 

*Some online casinos accept only fiat currency, usually that casino will be marketed towards a specific country or geographical location.

An alternative form of currency that is fully digital and not reliant on a central government or banks.

Examples include : Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Tether (USDT)

*Generally, online casinos that accept only cryptocurrency, are online casinos with a Curaçao gaming license. These online casinos are marketed more broadly on an international scale.

iGaming is the official term, for placing a bet online that wagers on the outcome of a future game or event. 

*Simply said, it is another word for "online gambling"

Examples include : sports betting, online casinos with live dealer table games (baccarat, blackjack, roulette, craps, etc.), slot games, online poker, basically any game/event that you can place money on online

The terms that are used to denote the two sides that are facing off against each other in a game or competition. Generally, one side is more favorable to win than the other side. These terms are most relevant in sports betting, where there is a clear competition between two sides. 

• Underdogs = the side that is expected to lose 
• Favorites = the side that is expected to win

The funds that a player has available for betting/gambling purposes.

*Always practice good bankroll management to avoid losses bigger than you can afford.

The maximum and minimum  amount that a player can wager in a single hand/spin 

*Some casinos will increase/decrease this amount based on your betting history and results.

Edge or House Edge refers to the mathematical/statistical advantage that a casino has over a player in a specific game. It indicates the slight advantage that casinos have over players.

*House edge is generally lowest for table games with a live dealer. Conditions and  specific rules of the games can drastically change the advantage/disadvantage you may have.

Free spins refer to a type of bonus given by a casino. It allows you to spin the slot machines a set number of times for free, without having to wager real money. 

*Generally, any money you win from the free spins will be given as a bonus deposit, which you will have to eventually play out and bet with to convert it for real money.