What is an Online Casino?

Definition: An Online Casino is a digital gambling product offering casino-style games, typically including:

Slots (usually RNG-based)
Table games (roulette, blackjack, baccarat-RNG and/or live dealer versions)
Live casino (real dealers streamed in real time; outcomes captured via cameras/sensors)
Instant win / crash games and other RNG games (depending on jurisdiction)

Online casino products often display theoretical parameters such as RTP and may vary by game configuration and local rules.

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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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