One of the greatest things about online casinos is that they deliver better payouts than brick and mortar games. They have fewer overheads to pay, and therefore have no need to crank their profits up as high as land-based casinos.
Choosing the online casino and game with the highest payout percentage ensures that you receive the ultimate advantage when gambling. The higher the percentage the more money you’ll have in your bank account. So, you can see how beneficial knowing where to find the casinos with the best rates is! This article will reveal everything you need to know about payout percentages, and how to use that knowledge to better your game.
What Are Casino Payout Percentages?
Payout percentages are the comparison between the total of all bets placed and the total that the casino pays out. If the payout percentage of an online casino is 95%, this means that out of all the clams their players wager collectively in all the games $1,000,000, the casino takes 5% profit ($50,000) and returns 95% ($950,000). This is an overall figure; each individual will have an utterly random number, unrelated to the percentage.
How Do They Work?
It’s all based on probability. While payout percentages refer to the amount of money that players will gain or lose, over a short period you won’t see the effect of it. No one would ever play the game if they continuously lost 5%!
The casinos produce these percentages by using Random Number Generators in order to mathematically determine the payout over a long period of 5 years or more. That’s why you hear of some pokies machines that are ready to cash out the mother-load when they have reached the end of their tenure and have been underpaying the entire time. Expert players know that these machines are nearly ready to unleash a mighty jackpot or higher paying amounts and will focus their gaming exclusively on these highly rewarding machines.
Game Payout Percentages
Often, casinos have a different payout percentage for each individual game they offer, but they do not always display them. When talking about games, generally, you may hear the term “house edge” is used instead of payout percentage. It’s just a different way of describing the same thing.
It can be difficult to find games that have the best house edge, because casinos use tactics to disguise the odds. If you are unwittingly playing a game with an extremely high house edge, you may as well be throwing money down the drain.
Which Games Have The Best Payout Percentage?
As a general rule, blackjack, craps and baccarat tend to have the lowest house edge. With pokies, the house edge can vary hugely from 18-2% but, generally, the higher the denomination, the lower the house edge is. Roulette generally has a favourable house edge but is much better when playing single zero rules, commonly known as European roulette. The house edge in video poker is extremely low but getting such good odds depends on your skill as a player.
Most casino games are played following set rules and are without real player influence. You simply spin when playing pokies and you place your stakes in roulette and craps. In these games there can be no way to influence payout, it’s all down to pure luck. With games such as blackjack and video poker, you are able to use strategy when playing, positively affecting your result. By playing the perfect hand you will receive the highest payout possible from these games.
Audited Payout Percentages
The best online casinos have their payout percentages audited. Having payout percentages audited means that the figures of an online casino are assessed by a third party source in order to provide you, the user, with more reliable figures.
A high payout percentage is a huge appeal, so disreputable casinos often fabricate these figures to their favour, in order to lure in unsuspecting players. Auditors, like us, make sure that the figures are correct and that payout percentages are confirmed regularly. So, when choosing an online casino, it’s important to look out for sites that are thoroughly and legitimately checked, so that you get the best edge while gaming.
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Which Casinos Have The Best Payout Percentage?
The online casinos that we recommend on our site have been specially selected so receive the best return on investment, and a superior gaming experience. We want you to be successful, so we have researched and assessed the payout percentages of many online casinos to find the best and most trustworthy sites out there. Make sure you check them out!