payout

payout

Payout is the money or cash prize that a player wins for matching a certain combination of numbers.

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Part of Speech: noun
Synonym(s):
Blossary: bingo glossary
Industry/Domain: Games
Category: Bingo
Company: Others
Product:
Acronym-Abbreviation:

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Related terms

payout

Games; Bingo

The percentage of sales paid out by the House. The average payout among all bingo halls is approximately 75 percent. This compares with a payout of approximately 45 percent on ...

payout frequency

Professional careers; Sales

The timing of incentive payouts, these can be weekly, bi-weekly, monthly, quarterly, semi-annually or annually.

reversals

Games; Bingo

Reversals is a term for scratch tickets that have mistakenly been printed on the back two times. One time in each direction.

sample void

Games; Bingo

A sample ticket is a lottery ticket that is given to lottery retailers so that it can be introduced to the players.

syndicate

Games; Bingo

A syndicate is a group of lottery players who play together as a team, sharing both the cost of playing as well as the prizes.

systematic form

Games; Bingo

A systematic form is a form that players fill out with seven to eleven numbers entered on it. These numbers are then generated giving the player lotto tickets with all the ...

wheel

Games; Bingo

Wheel is lotto slang used as a noun and a verb when referring to the wheeling system of lotto play.

tix

Games; Bingo

Tix is another term for Sc, which is an instant scratch lottery ticket with the latex scratched off.

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