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Casino terms · clearly explained

Casino glossary

A casino and bonus glossary in one place: bonus terms, game maths, and payout and safety terms in plain language. Quickly find what terms like RTP, wagering, volatility or house edge mean, how to read them and why they affect your chances of winning.

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108 terms found
Games

Jackpot

A large prize pool that can be fixed or progressively accumulating — the latter grows with every bet until someone wins it.

Also searched as: progressive jackpot, big win
Games

Keno

A lottery-like number game where you pick numbers from 1–80 and the win depends on the number of hits. Fast, but with a higher house edge than table games.

Also searched as: keno lotto, number game
Security

KYC

An identity check a casino uses to securely verify the account and withdrawals and to prevent money laundering.

Also searched as: identity verification, know your customer
Security

Licence

A licence issued by the regulator (in Estonia the Tax and Customs Board) that lets a casino operate legally and protects players’ rights.

Also searched as: licence, operating licence
Games

Live casino

A casino-game format with real dealers streamed directly to the player, with roulette, blackjack and other tables.

Also searched as: live casino, live casino
Security

Loss limit

A self-set limit on net losses over a period — when losses hit the limit, the casino stops play until the period ends.

Also searched as: loss limit, loss limit, net loss limit
Bonuses

Loyalty points

Points a casino awards for real-money bets that can be exchanged for bonus money, free spins or other perks.

Also searched as: comp points, bonus points, loyalty points
Bonuses

Loyalty programme

A system that rewards regular play with points, tiers and personal perks.

Also searched as: loyalty program, VIP programme, loyalty program
Metrics

Martingale strategy

A betting system where the bet is doubled after each loss. It doesn’t change the house edge and quickly hits table limits and your bankroll.

Also searched as: martingale, bet doubling, martingale
Bonuses

Maximum bet rule

A bonus term that caps the bet size while a bonus is active — usually around €5 per spin. Exceeding it can void the bonus and winnings.

Also searched as: max bet rule, bet limit, max bet with bonus
Glossary

Casino Glossary: Gambling Terms Explained in Plain Language

The online casino world is full of terms that directly affect your chances of winning and how much of a bonus you can actually withdraw in the end. Our casino glossary gathers these concepts in one place and explains them in clear, plain language, without the marketing haze. If you have ever read words like "wagering requirement", "RTP" or "volatility" in an offer's terms and felt lost, this page was built for you.

The glossary covers the full spectrum. Bonus and promotion terms include the welcome bonus, free spins, the no-deposit bonus and wagering requirements. Gameplay terms explain RTP, meaning the theoretical return to player, along with volatility and the logic of paylines and combinations. Account and payment concepts cover KYC or identity verification, withdrawal limits and the most common payment methods. Each entry is written so that you understand not only what the word means, but also why it matters to you in practice.

freespin.ee is an independent comparison site, not a casino operator. That means we are not selling you any single brand — we explain the terms neutrally so you can judge offers critically on your own. Our methodology puts licensing and safety first: before you even look at the size of a bonus, it is worth confirming that the operator holds a valid licence and publishes transparent rules. The glossary helps you make sense of exactly those rules.

In practice, knowing the terminology is most useful when you compare two offers side by side. A high bonus percentage does not automatically mean better value — the deciding factors are often the wagering requirement, the time limit and which games count toward clearing it. Once you understand each term, you can immediately see whether the conditions are fair or merely dressed up with attractive numbers.

In Estonia, gambling is regulated by the Tax and Customs Board (EMTA), which issues licences and maintains a public register. Legal play is permitted from the age of 21. We always recommend checking that your chosen operator holds an EMTA licence — that is your first safe choice, and far more important than any single term in this glossary.

The glossary is not static: the gambling market changes, and the terms operators use in their conditions evolve alongside it. It is therefore worth coming back from time to time to refresh your knowledge and confirm that a term you spotted in an offer really means what you think it does.

Finally, a reminder that gambling is entertainment, not a way to make money. Play responsibly, set time and money limits, and take regular breaks. If you feel that your play is slipping out of control, reach out for help. As of 2026, every term explained here is meant to educate you, not to encourage you to play more.

Frequently asked questions

Glossary FAQ

What is RTP?
RTP (Return to Player) is a game’s theoretical payback percentage. A 96% RTP means the game returns on average 96% of bets over the long run — i.e. a 4% house edge.
What does a wagering requirement mean?
It tells you how many times you must wager the bonus before withdrawing. Read a fuller explanation with examples in our glossary.
What is a game’s volatility?
Volatility (or variance) shows the risk level: high-volatility games give rare but big wins; low-volatility ones give more frequent but smaller wins.
What’s the difference between house edge and RTP?
They’re two sides of the same coin: RTP + house edge = 100%. A 96% RTP means a 4% house edge.
Where do I find more terms?
Our full glossary explains all the most common casino terms in Estonian, with examples.