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King Casino is a new online iGaming platform with all the features to make your casino gaming experience one to truly enjoy. This crypto-based platform also aims to be the top online casino gaming platform in the industry. By now, you should understand that a casino is a form of gambling and it will be imperative to have knowledge of certain terminologies used in the endeavor. This article will discuss some of the most commonly used words and expressions in online casinos. Newbies in the field will find this writeup particularly useful in their quest to learn about how to play casino games.
Commonly Used Terms in Casino Games
Banker: This is a term used to identify the dealer or the house. Casino Rewards: This refers to cash rewards given to players depending on how many games they play. Wager: This refers to a bet made by the player. Maximum Bet: This is the maximum stake a player can place for a certain game. Minimum Bet: This is the minimum stake a player can place for a certain game. Hot Streak: A consistent run of wins. Dealer: The casino staff who deals the cards. High Roller: This term is used to describe a person who plays for high stakes. Live Dealer Games: A feature used in online casinos where users can play against real dealers with the use of a live stream video. House Rules: This refers to the regulations binding a particular casino. Lobby: The categories of games that are available to be played on a section of the platform. Random Number Generator: An application that runs in online gaming platforms responsible for a random outcome in casino games. Stake: This refers to the wagered amount placed on a game’s outcome. These are some of the common terms used when it comes to casino gaming. I think those who are already familiar with casino gaming will easily recognize and understand these terms. However, I think it will be helpful to those who are new to it. King Casino is an exciting platform where you can play casino games. The bonuses are very attractive and the rewards are topnotch. King Casino Website Author - Melody2
Good Evening Everyone! I am a huge Poker fan, but, that's not what I'm here for today. Today I'm hoping someone can explain to me what a "rolling chip turnover" is when used in "Casino" terms. In this case. I'm investing in a company that has reported at $230million "rolling chip turnover" and I can't for the life of me comprehend what this is! From what I've found, it, people have converted their cashable chips, into promotional chips, and then get the winnings from the promotional chips paid back in cashable chips. I am pretty lost... Does anyone know if a $230million "rolling chip turnover" is good? Does this mean the house is losing? Thanks for any insight you can offer!
Hi all, new to the sub. I have a decent understanding of Mandarin, at least grammatically, I just have a limited vocabulary. I currently work in a casino as a table games dealer where we get a lot of Chinese patrons. I was wondering if anyone could help me with some casino terms to help me communicate with guests? Such terms may include: Terms for a deck of cards (Ace, K, Q, J) Blackjack terms (Hit, stay, double down, split) Poker terms (Flush, Straight, Royal Flush, Full house) Anything else that might be useful in a casino. My reading skills are limited, so a pinyin translation would be appreciated, or I could just google the characters for pronunciation. Thank you so much in advance! Edit: Formatting was terrible, should have looked at the preview box
The SPAC FEAC and mobile gaming company Skillz announced a merger agreement on Sep. 1, 2020. Merger date is slated for end of this quarter, so should be coming up soon. I expect FEAC will be 2021's DKNG. Here's why... What do we know about FEAC? They're the same team that brought Draftkings public (via DEAC), which you may recognize as the single most successful post-merger company of the last 30 SPACs. What do we know about Skillz? From the company website:
Skillz is the leading mobile games platform that connects players in fair, fun, and meaningful competition. The Skillz platform helps developers build multi-million dollar franchises by enabling social competition in their games. Leveraging its patented technology, Skillz hosts billions of casual esports tournaments for millions of mobile players worldwide, and distributes millions in prizes each month. Skillz has earned recognition as one of Fast Company’s Most Innovative Companies, CNBC’s Disruptor 50, Forbes’ Next Billion-Dollar Startups, and the #1 fastest-growing company in America on the Inc. 5000.
Basically, they host approx. 30 games on their mobile platform, users pay ~$0.60 to enter and winners collect prize money. Revenue for Skillz comes in the form of a "take rate" (i.e. rake in casino terms), but basically just a percentage of the prize money. Currently their take rate is 14%, increasing to 15% in 2020, and planning on increasing to 20% by 2024. Some valuation numbers: The merges implies a valuation for Skillz of$3.6 billion, or 6.3x projected 2022 revenue. Total PIPE is $159 million, representing just 4.3% of the company valuation. Share terms: "Paradise, Chafkin, substantially all of the existing Skillz stockholders as well as Flying Eagle’s sponsor have agreed to a 24-month lock-up, subject to quarterly releases of 1.5 million shares per holder commencing 180 days following the closing". Theinvestor presentationprovides some truly mindboggling numbers, summarized here:
80% YOY Revenue Growth
2020E Revenue = $225 million (confirmed in Nov.)
2021E Revenue = $366 million
2022E Revenue = $555 million
2020E-2022E CAGR = 57%!! Compare this to DKNG (45%), SHOP (40%), MELI (38%), SNAP (35%), ROKU (35%).
Under expected revenue assumptions, Skillz trades at a Enterprise Value/2022E Revenue multiple of just 6.2x. Compare this to SHOP (27.9x), DKNG (12.4x), SNAP (9.5x), MELI (8.9x). Assuming the market prices in a Skillz EV/2022ER multiple comparable to DKNG, this would amount to a valuation of closer to $6.9 billion, ~2x the current valuation of $3.6 billion
Skillz revenue growth in 2021E is expected to be 63%, almost double the expected revenue growth of 33% of comparable companies (calculated as the median).
GROSS MARGIN: 96%! "Close competitors" are WIX (72%), PINS (68%), and ETSY (67%). Even DKNG only yields 49%.
Ok, so the games are stupid, right? Of course they are, they're mobile games. But you know what else is stupid? Candy Crush and that crap averages 37 minutes of user interaction per day. What does Skillz get? 62 MINUTES. The games are like crack. Even the Chinese superhack TikTok only gets 52 min/day, democracy-destroying Facebook gets 41 min/day, compilation fails/ASMdiy tutorial/pseudo-porn website Youtube gets 30 min/day. Mobile gaming accounts for ~45% of the entire gaming industry (in 2019) and is estimated to be $68 billion, with a CAGR of 20%. Why I like FEAC/Skillz: With interest rates at all time lows (and not expected to change until at least 2023), cash is cheap and companies can borrow basically unlimited money to fuel exponential growth (and then probably just inflate away debt). Combine this with a complete paradigm shift in international business and industry driven by the tech sector, we are in the golden age (also probably bubble) of hypergrowth companies. IMO, Skillz is an incredibly rare opportunity in terms of early entry into a potentially explosive stock that is already in YOY hypergrowth. Many SPACs are incredibly speculative, dependent on highly theoretical FY2021 and FY2022 revenue growth. With Skillz, although definitely still speculative, you have the opportunity to invest in a relatively overlooked SPAC that is already in hypergrowth with EV/R multiples well below similar peers. IMO, FEAC/Skillz is the white whale of the current SPAC crop. Skillz games have a crack-like addiction, they're in hypergrowth NOW, have absolutely insane margins (96%), and don't require a massive shift in an entire industry. How to play it: This could be a little tricky. I'm not sure if there will actually be a significant pump riding up to the ticker change given retail's focus on EV/cloud/SaaS these days. Plus, mobile gaming doesn't have the same allure that sports betting does. Everyone and their mom has heard of DraftKings and Fan Duel, helped out by the Last Week Tonight segment and tons of Youtube ads. However, the growth numbers + revenue margins should be extremely enticing to fund managers, so I hope that large-block buying will increase heading towards the merger. That being said, it might take until the merger or even early 2021 to get some traction. In any case, I don't think FEAC is a good place to just park cash in hopes of a pop. For that, probably just better to either flip other SPACs on announcement or buy into growth companies. For FEAC, I think it's best to buy in with the plan of holding until at least the first ER, and then decide where to go from there. I'm not going to tell you "THis Is deFInitLey thE NexxT apPLE" *rocketemojirocketemoji*. However, I think that FEAC/Skillz will either have a strong multi-year run after merger, or it will flounder in the sub-$20 range in which case I'll move on. The major catalyst for determining what we can expect from the stock is what happens when the merger date is announced (supposed to be in the next few weeks). If there's a BIG pop (like, +25%), then I'll be very confident the post-merger stock will go on a tear. If reaction is more muted, then we'll have to wait until after the ticker change to see if the market prices in expected revenue growth. If any significant negative press comes out similar to NKLA, I'll trim my position by ~80% immediately. My positions:
Units (FEAC/U) - 568; Commons (FEAC) - 2,500; MV ~ $42k. Will buy in another 1000-2000 shares if momentum begins to pick up when the merger date is announced.
Will add some options if the price drops a bit, but they're pretty expensive right now due to recent high volatility in both FEAC price and SPACs overall. Debating getting some deep OTM Feb calls as lotto tickets.
Will plan on trimming the position by at least ~50% if the stock price stagnates around the first ER.
Disclaimer: Do your own DD. Skillz numbers look amazing, but at the end of the day they're still just a mobile game company so investing in FEAC definitely has the potential to backfire. Ok, roast away. Edit: u/iamgettingbuckets noted in a comment here that he had a sketchy experience applying for a job with Skillz that required actually playing on their app before being able to submit an application. He later deleted the comment and then sent me a DM because his story was anecdotal and u/ImBloom09 didn't find the same thing. However, I still think this is a good first-hand experience story for people to know and consider prior to investing, so I'm including it here as an edit. The FEAC team is the same management that took DKNG public via DEAC, so I'm assuming (hoping) that their reputation from that deal implies they've done the appropriate vetting of Skillz prior to announcing the merger. Edit 2: S-4/A filed right before market close the day I made this post. Merger vote set for Dec. 16. Commons +20% on news.
More expensive house or pay down current mortgage?
Please provide other perspectives on this idea. As I make spreadsheets, look at amortization schedules, and look at the housing market, mortgages seem like a crazy idea... I've seen houses increase 10-20% of their market value here in the last 5 years. I can't help to think, "well if we originally had a mortgage for a house that was $100k more, then we could have seen a 20k more in equity for the next house"! They crazy thing to me is that that 100k extra wouldn't have even been my money, it would be the banks. That almost seems like you're making money off of house money - in casino terms. Is that a wrong perspective? So my wife I are currently pulling in double the salary compared to when we bought the house. I'm thinking about refinancing for lower rates, and playing with the idea of a 15 year mortgage because it has even lower rates and I think we can pull it off. Even if we moved in 5 years, there's so much more of the monthly payment that goes into the equity to pay down the balance compared to a 30 year mortgage. I can't help but think that you can make money with the bank's money. I realize that 10-20% increase won't happen every 5 years. Would you try to buy a more expensive house or pay down the current mortgage? (considering that we're both making more money now). Here are some other things that come to play: if we were to move, it would be, theoretically, for a better school district and to be closer to work. Also, we really like the house we're currently living in. The only cons of the current house are the distance to work, and the schools don't test as well compared to other towns, but honestly, I consider that a wash b/c we could consider private school in the future for the kiddo who is currently a toddler.
For me, it looks like that options in terms of income are nothing but a complicated casino
After learning a lot of information about options, their pricing, valuation, strategies, etc., I see that option play is still a bet, more risky than simply betting on red or black in casino. All these spreads, iron condors, butterflies, always have probability x return/risk significantly less than 1, while in casino you have it 16/33 x 2=0,97. And all this strategies are made for you to feel smart while analyzing charts, indicators, implied volatility, before putting your money on red and hoping that market will go in your direction or stay where it is or go anywhere but more than usual amount. Yes, I know that options can be used for hedging risks by big banks, but trying to trade them for income is actually worse than gambling. Prove me wrong.
WTW for a term for a game, usually like a lottery or casino game, where there WILL be a winner, no matter what, instead of a game where everyone who plays may lose?
Not only that but everyone WILL play, so scratch offs wouldn’t be included in this because everyone is not buying a ticket at the same time or in a set time frame? It has to be a game like 3 people pick a card, but there are only 3 cards the winning card could be, not 52 because that would cause infinite or questionably finite game
What’s the word or term for a game, usually like a lottery or casino game, where there WILL be a winner, no matter what, instead of a game where everyone who plays may lose?
Not only that but everyone WILL play, so scratch offs wouldn’t be included in this because everyone is not buying a ticket at the same time or in a set time frame? It has to be a game like 3 people pick a card, but there are only 3 cards the winning card could be, not 52 because that would cause infinite or questionably finite game. What I’m looking for is where if only one person decides to play, they’re an automatic winner. If only two people play, even if it was a game meant for 500 people, each of the player’s chances of winning would still be an easy 50/50
casino (n.) 1744, "public room for music or dancing," from Italian casino, literally "a little house," diminutive of casa "house," from Latin casa "hut, cottage, cabin," which is of uncertain origin. The card game (also cassino) is attested by that name from 1792.Specifically as "building for aristocratic gambling" by 1820, first in an Italian context. Chips - A term often used in a land based casino for coloured discs that are equivalent to money. They are commonly used at casino tables. Online casinos also refer to chips when asking players to wager their stakes. Churn - The effect of betting and then rebetting money. Classic Slot - A slot machine that usually has fewer paylines and features than the average video slot. They can often ... The term is still used today for casino cheats. Croupier - French word for Dealer, used in the games of baccarat and roulette. CSM - Continuous Shuffling Machines, introduced by casinos as an anti card counters in Blackjack. Cut - In card games following a shuffle before the start of a new round of play, when the dealer or player divides a deck into two parts and inverts them, using a cut card ... Gambling Terminology and Casino Terms. The online gambling world has its own language and terminology that is used by online players. Acronyms, abbreviations, and slang words were invented by players as a faster way to communicate with one another. Of course, for every gaming genre, there is a unique set of terms. For example, there are gambling terms used by gamers, terms used by online ... A term also used by casino workers referring to the amount of money stocked at a game table before the start of a shift. Bad Paper: Checks written by players that are not honored at the player’s bank due to insufficient funds. Barber Pole: A wager made using a stack of various chips. (The alternating colors of the different chips resemble a barber’s pole.) Book/Bookie: A “book” refers ... Casino Term of the Day: 'Washing' the Cards . You may have seen it happen before, but you may not have known there’s a name for it! Casino card game dealers have a very specific procedure they follow related to shuffling the cards. To begin the shuffling process, cards are spread out on the table and moved around randomly. This step in the shuffling process is called “washing” the cards ... Casino Terms Lingo & Jargon: G-H. George: casino jargon for a generous tipper both to table dealers and other casino employees. Grind: this term is used for playing it out on a consistent basis at the tables. This player is ‘grinding’ out planned bets based on knowledgeable probabilities of the game. An alternative term for the casino. House Edge: The built-in advantage that the casino has in all games. It is usually gained by paying out at odds slightly below the true odds of winning, and is expressed as a house edge. A game with a 2% house edge, for example, should net the casino a $2 profit for every $100 wagered in the long run. House Rules: Games rules that are specific to a ... Bienvenue sur le site du Groupe Casino. THANK YOU! Since 17 March 2020, Casino Group’s 220,000 employees in France, Brazil, Colombia, Uruguay, Argentina and the Indian Ocean have rallied to continue supplying our 11,172 stores and serving millions of customers every day. Casino & Gambling Glossary - Find out the meaning of gambling and casino games terms in our comprehensive guide covering on and off line gaming.
Casino Terminal - Sólo Una Vez Más - 2016 - YouTube