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Casino Payout Percentage Explained
- June 1, 2018 By Riley Wilson -
When choosing an online casino to play at, players have to pay attention to different features. However, some of them are not visible at first sight. While the first thing you see when visiting an online casino is a welcome package it offers, features like a casino payout percentage are not easy to see. Online casinos typically don’t feature these figures on the website and you have to do a research to find them. In this article, we will explain why these percentages are important and how they can help you choose a gaming venue to play at.
What Is Casino Payout Percentage
If this rate is at 100%, that means that your and casino’s chances are the same. However, once you start exploring these percentages, you will notice that no casino has a payout rate at 100%, let alone over that. That simply means that the house always has an advantage over players and all you can do is to find a gambling site with a higher percentage. When we say higher, we mean that anything more than 95% is favourable to players.
To put it simply, if an online casino has a payout percentage of 97%, it means that a player will win $97 on $100 wagered over a period of time. This period is in most cases one calendar month and the figure is the overall amount a player can get. This may seem a bit discouraging, but casino games are based on luck, so you win some, you lose some. That’s why it is of the uttermost importance to set your budget and limits and know when to call it a day.
How Casino Games Affect Casino Payout Percentage
Since a casino payout percentage is a figure that shows an overall ratio between the money wagered and paid out, all casino games available at a certain casino contribute to it. If you play RNG-operated games, all outcomes are random and unbiased. This applies to licensed casinos that are certified by independent auditors, which should be the only option you go for. The outcome of each and every virtual game round is determined by the random number generator and depends on pure luck and probability.
If you play slot machines, each of them has its own RTP that is given by the provider in most cases. This is a theoretical return to player, so in practice, these figures can be different. While you can’t do much to decrease the house edge when playing slot machines, table games involve skill and by applying proper strategies, a player can gain an advantage over the casino which can affect the game’s RTP and the overall casino payout percentage. However, this can change a casino’s payout percentage only slightly.
We don’t judge you if you cannot fully understand the story behind a casino payout percentage. To help you make the best possible choice, we recommend choosing a casino with a higher payout rate. If you cannot find this figure on the preferred casino website, use Google to help you do it. Once you register with a gambling establishment which pays well, make sure to play those casino games that have higher RTPs as they pay better over a period of time. Keep in mind that payout percentages of games and casinos are true only in the long run, so your personal experience can be completely different and you can both lose and win big.