What is iGaming?

Definition: iGaming (interactive gaming) is an umbrella term for online gambling products and services.

Online casino - includes slots, table games, live casino, and instant games.
Sports betting / sportsbook - placing bets on sports events through an online betting platform.
Online poker - playing poker over the internet, typically in cash games or tournaments.
Sometimes included - depending on the market and local rules, iGaming may also cover bingo, fantasy sports, esports betting, and other interactive formats.

The exact scope of iGaming can vary by country, licensing rules, and local licensing definitions.

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Related Terms

Implied Probability

Implied probability is the chance of an outcome expressed by the odds. It converts a price into a percentage.

Odds Formats (American, Decimal, Fractional)

Odds formats are different ways of writing the same price. A sportsbook front-end can display decimal, fractional or American odds depending on the market and player settings.

Fixed Odds

Fixed odds betting is a model where the price is agreed when the bet is placed. The payout is calculated from those odds, even if the market price changes later.

Wager (Stake)

A wager is a bet placed on an outcome. The stake is the amount of money committed to that bet. In everyday use the two words are often interchangeable.

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