House-Banked Game
Definition
A casino game where the operator is the counterparty to all player bets, as opposed to player-versus-player products like poker or peer-to-peer betting exchanges.
Why it matters
Related terms
- RTP (Return to Player)Product
The long-run percentage of stakes returned to players in a given casino game. Mandatory disclosed in most regulated markets and a key competitive feature in casino content.
- Live CasinoProduct
Casino games hosted by live human dealers and streamed to players in real time. The fastest-growing casino category over the past decade, dominated by Evolution.
- Sportsbook PlatformPlatform
The B2B technology stack providing sportsbook product: pricing, trading, market management, customer-facing UI components, and risk management. Distinct from casino-only platforms.
- Bookmaker MarginCommercial
The structural profit margin built into sportsbook odds. Synonymous with overround in single-event analysis.
- Betting ExchangeProduct
A peer-to-peer marketplace where players bet against each other rather than against a bookmaker, with the platform earning commission on net winnings.