Bankroll: Your total gambling budget set aside for gaming sessions. Proper bankroll management is crucial for extended play and risk management.
House Edge: The mathematical advantage the casino maintains over players, calculated as a percentage. Understanding house edge helps players make informed decisions about which games to play.
Variance: The fluctuation in results over time. High variance games have larger swings in winnings and losses, while low variance games provide more consistent results.
Buy-In: The initial amount of money required to enter a game or tournament. Different tables have different minimum and maximum buy-in amounts.
Pot: The total amount of money wagered in a poker hand, accumulated from all player bets.
Odds: The mathematical probability of an event occurring, expressed as a ratio or percentage. Understanding true odds versus payout odds is essential for making strategic decisions.
Push: A tie result in games like blackjack where the dealer and player have equal hands, resulting in returned wagers.
Rake: The commission taken by the casino from pot winnings, typically in poker games. Understanding rake structure affects long-term profitability.