Basic Terms and Definitions
Before entering the world of online sports betting and casino games, it is, of course, important for Dutch players to know the most important terms in the industry. However, at the core of it all are these terms, and understanding what they mean can go a long way in ensuring your experience is as immersive as possible.
- Sportsbook – A platform or betting site where players can make their bets for various sports events, including football, basketball, tennis, etc. Bookmaker odds on various betting markets (moneyline, point spread and over/under).
- Casino Games – These are the games that players can play in an online casino setting. There are a range of games to choose from, including slots, blackjack, roulette, poker, and baccarat. However, each game also has its specifics that players need to learn to increase their chances of winning.
- Betting Odds – Odds are the probability of an event happening and the amount a player will win. Odds can be displayed in various formats, such as decimal, fractional, or American format, depending on the type of sport you have decided to bet on.
- Bonus – Bonuses are promotional incentives by online betting platforms to lure new players or retain existing ones. Welcome bonuses, free bets, and loyalty rewards are examples of bonuses. Dutcher players must read the bonus terms and conditions carefully, as bonuses usually have a wagering requirement.
- Responsible Gambling – This involves gambling in moderation so as to not risk any personal wellbeing. These practices can involve setting limits on betting amounts, taking regular breaks, and seeking help if gambling becomes problematic. Gambling addiction help in the Netherlands
- Live Betting – Live betting gives players the opportunity to place bets on sporting events while they are going on in real-time. This means it is an exhilarating, action-packed way to experience watching sports and give players many opportunities to wager on the same game.
- Payment Methods – These, of course, are the means by which players make the deposit and withdrawal transaction into and out of their betting accounts. In the Netherlands popular payment methods comprise credit cards, e-wallets, and bank transfers.
- RNG (Random Number Generator) – RNG technology is employed in games that are played in online casino, predominantly in slots and table games, to guarantee that results are random and fair. It ensures that winning is not tampered with and that all players have a fair gaming experience.
Fundamental Terminology
To ensure that Dutch players know exactly what sports betting and casino games have to offer, it is important to understand the basic terminology of online gambling. Understanding these terms gives you more insight into the games and the betting process, and that is essential when it comes to making informed decisions.
- Wagering Requirements – Wagering requirements are factors that dictate the conditions players must meet before they can withdraw any of the winnings they received as part of a bonus. For instance, if a player is awarded a €100 bonus with a 30x play-through, they will need to wager €3000 (€100 x 30) in total before they can cash out the bonus money.
- Parimutuel Betting – This is a type of betting most commonly used in horse racing and a few other sports. Now, this is actually by parimutuel betting which means the bets are not set beforehand and the odds are based on the amount of money placed on them. Payouts are based on the bettor’s share of the pool compared to the total pool.
- Betting Exchange – A betting exchange is when players bet against each other, instead of the sportsbook. Players can wager money and also be the bookmaker, setting odds for other bettors. It allows more flexibility and often better odds than traditional sportsbooks.
- Slots Variance – Slots variance or volatility is the level of risk you are taking when playing a specific slot game. If you hate to lose, you should play low variance slots while for those wanting to win big, go for high variance slots. (High variance slots – big win less often. Low variance slots – small win more often.)
- Cashing Out – The act of withdrawing money withdraw from a betting account As well as that, it allows players to cash out some of their bet on a live betting event to guarantee a profit or a reduced loss on their bet before the end of the event.
- In-Play Betting – This is also called live betting where players make bet during a sports event during the match This brings an added level of excitement, as odds shift continually during the match according to what happens in real time.
- VIP Program – Many online betting platforms offer VIP programs, which reward loyal players with exclusive bonuses, promotions, and personalized support. These programs typically have multiple tiers, rewarding those who have placed more bets. VIP programs make the experience better for average players as well.
- Jackpot – A huge prize, often associated with slot games or lottery-type games Certain jackpots are fixed, whilst progressive jackpots allow the prize pool to grow in value until somebody wins. With progressive jackpots, these massive sums are attainable, and they serve as a highly coveted prize for those looking to win big.