Reference

The allwagers247 Glossary: Every Term, Plain English

From point spreads on NFL matchups to rollover requirements on your account wallet, the language of online betting has a lot of shorthand.

Odds & LinesGame MechanicsBonuses & WageringPayments & WalletAccount & KYC
allwagers247 The allwagers247 Glossary: Every Term, Plain English
allwagers247 Knowing the Language Puts You in Control

Knowing the Language Puts You in Control

Skimming past a term you don't fully understand can cost you — whether that's misreading a rollover condition before you cash out via PayPal, or not knowing how volatility affects your session on a slot like Gates of Olympus. Every definition here ties directly to a decision you'll face on the platform: picking a game, moving money through Venmo or Play+, or

verifying your account. Sharp play starts with sharp reading.

ASK THE TEAM

Get Help When a Term or Feature Is Unclear

If a definition here raises more questions than it answers — or you see a term on a game or cashout screen that isn't in this list — our support team can walk you through it. Reach us through any of the channels below. Access depends on state law and eligible states, so if you have a region-specific question, mention your state when you reach out.

Live Chat Open the chat widget from any page in your account. It connects you to an agent who can clarify terms, walk through a specific game mechanic, or explain a payment step.
Email Support Send a detailed question — including the term, the game name, or the transaction reference — to our support address. Written replies let you keep the explanation for later reference.
Account Help Center The Help Center in your account dashboard covers KYC steps, PayPal and Play+ deposit flows, and promo conditions in short plain-language articles you can search by keyword.

Essential Casino and Betting Terms Defined

These are the six terms that show up most often when you're browsing slots, live tables, or the sportsbook. Each definition is kept short and practical — what the term means in real play, not textbook language.

RTP is the percentage of all wagered money a slot or table game is designed to pay back over many rounds. Where a provider exposes it, we display it on the game page.

The house edge is the mathematical advantage the platform holds on each bet. A lower house edge means more of each dollar wagered statistically returns to you over time.

Volatility describes payout frequency versus size. High volatility slots like Mahjong Ways pay less often but can hit larger amounts; low volatility games pay smaller amounts more consistently.

A wager or turnover requirement specifies how many times a bonus amount must be bet before those funds can be withdrawn to your PayPal, Venmo, or Play+ account.

A jackpot is the highest available prize tier in a slot game. Some jackpots are fixed amounts; others are prize-style pools that grow with play across the network.

A live dealer game streams a real human dealer from a studio — Evolution runs many of them — dealing cards or spinning a wheel in real time while you bet from your phone or browser.

Odds, Wallets, and Account Terms Unpacked

Once you move past the basics, these terms come up fast — especially around sports betting lines, moving money, and the identity steps your account needs. Getting these right saves time and keeps your cashout path clear.

An over/under bet asks whether the combined score of a game — say, an NFL matchup — will land above or below a number the sportsbook sets. You pick over or under, not the winner.

A point spread is a margin set by the sportsbook to even out two mismatched teams. The favored team must win by more than the spread; the underdog must lose by less or win outright.

Rollover is another word for turnover requirement — the number of times you must wager a promo credit before it converts to withdrawable balance. Check the promo board for the current figure.

An e-wallet is a digital payment account — PayPal and Venmo are the ones we support — that lets you move funds without entering a card number directly on the deposit screen.

KYC stands for Know Your Customer. It is the identity verification step — usually a government-issued ID and proof of address — required before your first withdrawal is processed.

A same-game parlay combines multiple bets — player props, point spread, total — from a single game into one ticket. All legs must hit for the parlay to pay out.

Using These Terms Inside allwagers247

Definitions are one thing — knowing where each concept actually shows up on the platform is another. These questions connect the glossary terms to the real screens and steps you'll encounter once you're logged in.

Open the game's info panel — usually a small 'i' icon on the game tile. If the provider, such as Pragmatic Play or PG Soft, exposes the RTP, it appears there. Not every studio publishes it.

After your first withdrawal request, the account screen prompts you to upload a government-issued ID and one proof-of-address document. The team reviews both before the PayPal or Venmo transfer processes.

Yes. Head to the promotions section of your account wallet. A progress bar shows how much of the wager requirement you've completed and how much remains before funds become withdrawable.

Select a game — for example, a Monday Night Football matchup — then add a point spread, a player prop, and a total to your parlay slip. The platform calculates combined odds automatically before you confirm the ticket.

Withdrawals go back through the method you used to deposit — PayPal, Venmo, or Play+ prepaid. Open the cashier in your account, choose withdraw, enter the amount, and confirm. KYC must be cleared first.

Volatility is a game mechanic, not a legal category — it doesn't change availability. Which games you can access depends on state law and eligible states, not the slot's volatility rating.
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allwagers247 Betting Glossary

Service availability depends on eligible states and local law. US online casino and sportsbook access is licensed state by state, so check your state's rules before opening an account. 21+ where applicable.

Access may be available only in states where local law permits.