Online Casino Payouts
Choosing the best casino online can be a real challenge. If you don’t want to regret your choice later on, you need to take time to analyze multiple factors that affect your benefits as a player. Payout percentage is a major factor you should focus on when searching for the best online casino.
What is a payout percentage?
A payout percentage is a parameter which can be calculated for a specific game or for all games offered by a certain casino. Payout percentage shows how much of the money spent on bets is paid out to players in the form of winnings. If a game features a 97% payout, that means that for each 100 dollars the casino pays out 97 dollars. In other words, it keeps 3% of what you put into it and pays back the rest.
Note that payout is an average parameter. A 97% payout does not mean that each player will get 97% of their bets back. While some players get back no more than 70% of their bets, some lucky gamblers win twice as much as they lose.
How to figure out payout for slot machines
The problem is that you may not know how much money a slot pays back. Casinos online are unwilling to disclose payouts on their slots machines, because this may drive clients away from the least profitable games. While you can inquire the slot manufacturer, there is no guarantee that they will provide you with that kind of information.
Such secrecy makes players speculate on how to detect the highest-paying slots. All you can do is to keep your fingers crossed and hope that online casinos do not adjust payouts to their favor.
How to pick a casino with the best payouts
When picking a casino online, make sure to compare payouts (if this kind of information is available) across different casinos. The higher the payout, the more money you will get back in the form of winnings. If you can’t find the information on payouts on the casino website, contact user support.
Another option is to search for the eCOGRA seal on the casino website. If the casino complies with eCOGRA requirements, you can look for payout values on the ECOGRA website.