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

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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

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

reversals

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

sample void

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

syndicate

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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

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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 ...