iGaming Website Platform Operation
In the last two decades, online gambling has become one of the fastest-growing industries in the world. Millions of people gamble every day on various platforms and if you plan on becoming one of them, The backbone of online gambling is web-based platforms, called online casinos. This is where all games are hosted and where you can play against the casino or other players. To access them, you will need three things: a device (a computer, mobile phone, or a tablet), a working internet connection, and money.
There are currently 10 names in this directory beginning with the letter T.
Tactical Execution / Tactical
An expedient for achieving a goal; a maneuver of less long-term significance than strategic operations or strategy.
Theo / Price
In some ways, this can be considered the "price" a guest pays to play. Unlike retail outlets where the price is clearly disclosed, casino pricing is based on a theoretical win or what the casino can expect to win over a period of time. This can be a bit of a guest services challenge when explaining things because the guest sees the price he or she paid simply as what he or she won or lost on THIS trip.
Theoretical Hold / Theoretical Hold Percentage
The intended hold percentage or win of an individual, coin operated gaming device as computed by reference to its payout schedule and reel strip settings. The actual hold percentage refers to the percentage of money that the house keeps for every dollar wagered. The theoretical hold is how much money the house would keep in a given market over an infinite amount of bets.
Theoretical Win / Theo Win / Twin
A theoretical win is the expected win by the casino throughout a significant length of play. The longer the gambling session, the closer the actual win will be to the theoretical win.The amount that the casino should win in theory, based on hold percentage and the random number generator or game type/odds. (coin-in x hold = theoretical win)
Third Party Licensing Arrangement
An arrangement in which a gaming entity pays a fee to the owner or seller for the right to use intellectual property or a copyrighted game,such as a game used in a slot machine that the casino owns.
Tier
Defined group in the players club program. Most often used to describe the defined groups within the player's club structure based on play and used to determine player's club benefits.
Time Lag
Google Analytics measures time lag to summarize how long, in days, it takes your website visitors to become customers.
Time on Device
This phrase refers to the amount of time a guest can play on any slot machine relative to their “investment.” The time is a result of the hold and the paytable associated with the device, providing credits to extend play time.
Trip(s) / Days
The frequency measure used in gaming. A defined period of time that starts when the player’s club card has been inserted and there has been play. The length of a trip and associated parameters vary widely.