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Casino Terms Glossary: Ten Words From the Reels to the Bet Slip

By 747 Live Editorial Team

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This casino terms glossary is a pocket list for the words that appear between the reels, the bet slip and the cashier. Each entry gives the plain meaning, one figure where a figure helps, and where on the screen you will meet it. Ten words cover most of what a player in the Philippines reads in a session.

Casino floor terms in the glossary

These four appear in slot info screens and table rules.

TermPlain meaningExample from a studio’s own figures
RTPLong-run return as a percentage of stakesFortune Tiger: 96.81% (PG Soft)
VolatilityHow unevenly returns arriveWolf Gold: medium; The Dog House: high
House edge100% minus the RTP96.01% RTP means a 3.99% edge
Max winThe top payout as a multiple of the stakeFortune Gems 3: 10125x (JILI)

JILI’s pages give max win and volatility only, so for any JILI title the RTP cell says “not published”. The page on RTP meaning shows where the figure sits when a studio does print it.

Sportsbook terms on the bet slip

Sports markets add their own vocabulary. On a lobby such as 747 Live, which lists 44 sports in pre-match and offers Bet Builder and boosted odds, these come up first:

  1. Odds (decimal). The total return per peso staked. Odds of 1.30 return ₱130 on a ₱100 winning bet, stake included.
  2. Handicap. A line that evens out a mismatch. A +1.5 side wins the bet if it loses by one or better.
  3. Free bet. A house-paid stake; winnings usually pay without the stake.
  4. Cash out. Early settlement at the book’s offer. Promo terms commonly refuse to count these toward turnover.
  5. Bet Builder. One bet built from several picks in a single match, all of which must land.

Account and cashier terms

  • KYC. The identity check that comes before payouts, often an ID plus a photo or video selfie, done once per account.
  • Turnover. Total staked, counted again with each stake: five ₱100 bets make ₱500 of turnover. Every bonus requirement is measured in it.
  • Bet unit. A fixed stake as a share of the bankroll; the bankroll management guide shows how the two connect.
  • Loss limit. A ceiling on net losses over a set window, explained in the loss limit settings page.

Terms that look alike but are not

Several pairs trip new players because the words sound close:

PairThe difference
RTP vs hit rateRTP is the long-run return; hit rate is how often any win lands, however small
Turnover vs depositTurnover counts every stake; a deposit counts money in once
Free bet vs bonus cashA free bet is a stake; bonus cash is a balance with wagering
Cash out vs withdrawalOne settles a bet early; the other moves money to your wallet or bank

How to use this casino terms glossary on a live screen

  1. Spot the unfamiliar word before you press spin or place.
  2. Find it in the list above and read the figure beside it on your screen.
  3. If the term sits in a promo’s terms, read the whole clause it belongs to; one word rarely changes alone.
  4. Still unclear? Ask the site’s live chat before staking, not after.

Every explainer behind these terms is listed on the casino blog.

How to Get Started

  1. Find the term on your screen

    Match the word you see in the game info, the bet slip or the promo terms to the list above before you stake.

  2. Check the number beside it

    An RTP, a handicap line or a turnover multiple only means something with its figure. Read both together.

  3. Carry one definition per session

    Learning a single new term properly each session beats skimming ten. Start with whichever one your next bet depends on.

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Questions at the gate

How is RTP different from volatility?

RTP describes the long-run payback; volatility describes how unevenly that payback arrives. Gates of Olympus 1000 and Sugar Rush both list 96.50% RTP, yet the first is rated very high volatility and the second only high.

What does cash out mean on a sports bet?

You accept the book's current offer and the bet settles early, win or lose. It removes the risk of the remaining minutes but usually pays less than letting a winning bet run.

What does KYC mean in an online casino?

Know your customer: the ID check before withdrawals. Expect a government ID and often a selfie or short video, done once per account.

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