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EDGE – Experienced gamblers already know that the “edge” is the statistical advantage assigned to whichever party is more likely to be winning in a wagering transaction – the player or the house. In terms of slot machines, the house inevitably has the edge over the individual player. Don’t let that get you down, though… that’s pretty much the gambling world in a nutshell. The “edge” is not to be confused with the payout/payoff percentage, which dictates what percentage of all slot intakes must be paid back to players in the form of jackpots and prizes. Some casino slots feature a ninety-eight percent payback, but don’t let that fool you. It’s true that the casino only reaps two percent of all slot game wagers, but you are still much more likely to lose than win on any given spin.

EGM – This is an abbreviation for “electronic gaming machine,” or a slot machine. “EGM” is normally used in terms of state and local legislation regulating gambling as a definition for what gambling devices are permitted or illegal.

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