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Gambling Terminology

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Post time 19-9-2023 05:38:24 | Show all posts |Read mode
1. Gambling Capital: Refers to the funds used for DB, funds used to exchange for chips, and funds obtained through DB winnings.

2. Rake/Commission: The amount deducted by the casino (usually the one providing the DB venue, the banker, or the organizer) at the end of each DB round, regardless of the outcome, from the gambling capital or the winnings of the winner.

3. Rake Profit: Refers to the profit obtained by the casino through deductions, whether from the gambling capital or the winnings of the winner, regardless of the outcome. This may also apply to online DB or operating a gambling establishment, where agents collect a certain percentage of member bets as deductions.

4. Cashback/Rebate: Refers to the act of the casino returning a certain percentage of the participants' gambling capital to the participants or agents.

5. Cashback and Recashback: Refers to agents who receive cashback from the casino and, in turn, allocate a portion of it as cashback to the participants. The agent's actual profit is the difference between the cashback amount and the recashback amount.

6. Exchange Chips: In DB games using points as chips, participants can purchase (recharge) points with currency to join DB games. When exiting the game, they can convert the points from the DB game back into currency. Points can be used on the platform for gambling, and wins and losses can be calculated using points, allowing for the conversion between virtual points and currency.

7. Two Methods of Accepting Bets by Agents: One method is where agents directly accept member bets and then transfer the betting funds to their superiors. The other method is where members place bets directly in their self-registered accounts, and the betting activity can be viewed directly in the agent's agent account. Because member accounts are linked to agent accounts, member bets are considered as being accepted by the agent.
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Post time 19-9-2023 12:05:33 | Show all posts
This terminology is also something worth understanding and paying attention to!
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Post time 19-9-2023 20:43:16 | Show all posts
This terminology is also very important.
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Post time 19-9-2023 20:51:29 | Show all posts
Thank you for sharing.
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Post time 19-9-2023 22:21:40 | Show all posts
Hurry and bookmark it.
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