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Explore the peryavip Glossary of Casino and Betting Terms

Every term you see on the lobby — from RTP and volatility to rollover and KYC — is defined here in plain, straightforward English.

Game MechanicsOdds and BettingPayments and WalletsAccount and KYCLive Casino Terms
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peryavip Explore the peryavip Glossary of Casino and Betting Terms
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Ask Our Team If a Term Is Still Unclear

Some terms only make full sense in context — for example, a rollover condition reads differently on a slot versus a live table. If a definition here does not fully answer your question, our support channels can walk you through the specific rule or condition that applies to your account.

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Live Chat

Reach the support team directly from the lobby. Describe the term or condition you are unsure about and they will explain how it applies to your account or active offer.

Email Support

Send a message with your account reference and the term or game in question. This works well for cashout conditions, KYC document queries, or detailed rollover explanations.

Account Help Centre

The help section inside your account lists common wallet questions — GCash verification steps, Maya withdrawal references, InstaPay transfer codes — alongside general game-rule entries.

peryavip How Knowing These Terms Helps Your Account

How Knowing These Terms Helps Your Account

Skipping the definitions is fine until you hit a withdrawal condition you did not expect or a wager requirement you cannot work out. Each entry here strips out the jargon and replaces it with a short, usable explanation. If you fund your account through GCash, Maya, or InstaPay and cash out to the same e-wallet, you will also find wallet-specific terms —

like verification status and transfer reference — explained in the payment section. Start with the basics, then move to the odds and account entries when you need them.

Browse Core Game Mechanics in the Glossary

These are the terms you will encounter in almost every slot, table game, or live casino session. Each definition is kept short so you can scan and move on.

RTP stands for Return to Player — the percentage of total bets a game pays back over many rounds. Higher RTP means a lower house edge over the long run. We show RTP only where the game provider publishes it.

House edge is the casino's mathematical advantage on every bet. A 2% house edge means that, over time, the house keeps roughly two pesos for every hundred wagered. It varies by game type.

Volatility describes how often and how large payouts hit. High-volatility slots pay less often but with bigger amounts. Low-volatility slots pay smaller amounts more frequently. It affects how you pace your account balance.

A wager or turnover requirement is the total amount you must bet before withdrawing a promotional credit. It is expressed as a multiplier — for example, 10x means you bet ten times the credited amount before cashing out.

A jackpot is the prize-style top payout of a slot game — a large fixed or growing prize triggered by a specific symbol combination or bonus mechanic. Prize sizes and trigger rules depend on the individual game's paytable.

A live dealer is a real person who runs the table — dealing cards or spinning the roulette wheel — on a video stream. You see the action in real time and place your bets through the on-screen interface.

Check Odds, Payment and Account Definitions

Once you move into sports betting or manage your cashout flow, these terms come up often. The definitions below cover how odds are structured, how wallets are verified, and what rollover means for your account balance.

Asian Handicap removes the draw result by giving one side a goal or point advantage before the match starts. This narrows each bet to two outcomes and is common in basketball and football markets.

Over/Under is a bet on whether the combined score of a match will be higher or lower than a set number. For PBA games, sportsbooks often set the line on total points scored by both teams combined.

Rollover in sports betting is the total bet amount you must place using a credited amount before it becomes withdrawable cash. It works the same as a casino wager requirement but applies to sportsbook stakes.

An e-wallet is a mobile money account — GCash, Maya — that holds a digital balance you can use to deposit or withdraw without a bank card. Transfers between your e-wallet and casino account are handled through the cashier.

KYC stands for Know Your Customer — the identity verification step where you submit a valid ID to confirm your account. It is required before processing withdrawals and is a standard financial security requirement.

InstaPay is a Philippines interbank fund-transfer scheme that moves money between banks and e-wallets in real time, around the clock. On peryavip, it appears as a deposit and withdrawal channel in the cashier alongside GCash and Maya.

How These Definitions Apply Inside the Lobby

Definitions become practical the moment you open a game or check your cashier screen. These questions cover how the glossary terms you just read actually show up when you use the account.

RTP figures appear inside the game info panel, but only when the provider — such as Pragmatic Play or PG Soft — publishes the data. If no figure is shown, the provider has not released it for that title.

High-volatility games like Gates of Olympus can go long stretches without a significant payout, so players often fund with a larger session balance via GCash. Low-volatility rooms suit shorter, lighter sessions funded the same way.

KYC is triggered when you submit your first withdrawal request. You will be asked to upload a government-issued ID through the account settings page. Approval unlocks your withdrawal to GCash, Maya, or InstaPay.

Open the promotions or bonus section inside your account dashboard. The active offer shows your current wagered amount against the rollover target so you can see exactly how close you are to releasing the balance.

Yes — PBA and NBA matches on the sportsbook include Asian Handicap lines alongside standard moneyline and Over/Under markets. The handicap is set by our odds team per game and is visible on the match betting page.

A mismatch between your GCash or Maya registered name and your casino account name will flag the KYC review. Contact support with your ID and both account details to resolve the verification before your next withdrawal.
Reference

peryavip Betting Glossary

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