Casino Payout Percentage: What is it and how it works?

Published on September 16 2019

casino-payout-percentage

casino-payout-percentage

People enjoy online gambling because it is fun and offers the chance to win money. Choosing the right games at the right casino can increase your odds of winning. This handy guide will help you understand how to find the top payout online casino NZ players would appriciate.

What is payout percentage and why does it matter?

Payout Percentage: Simply put, this is the average of all wagers returned to players. Third-party organizations, like Gaming Laboratories International (GLI) and eCogra prepare monthly reports that detail the average return to all players. Reputable gaming sites publish some of these reports on their website.

Payout can be measured as a total percentage across all games at a certain casino or for a specific game. Such as, 97% of all wagers in the month of July were returned to players at Example Casino, and 99% of all wagers in the month of July in the game of baccarat at Example Casino were returned to players.

Some sites express this number as a payout percentage, and others express it as a dollar amount per every $100 spent known as Return to Player (RTP). The flip-side is known as the house edge, which is the percentage of the total wagers that the casino keeps. In short, you want a high payout percentage/RTP and a low house edge. Look for a payout percentage that is above 95%.

Because it is an average, the actual winnings differ from person to person, with some well above the average and others falling below. Variables that impact your actual odds include the type of game and the jackpot amount, as well as personal strategy and pure luck.

Games with high payout percentages

Table games tend to offer better odds than pokies, but pokies offer the biggest jackpots. Players must consider their own skill level and risk tolerance to decide which is the best choice for them. Some of the most popular highest payout casino games NZ are roulette, craps, baccarat, blackjack, video poker, and scratch cards.

Casinos with high payout percentages

Online casinos can offer higher payouts than land-based casinos because they have fewer overhead costs. The money saved on employees, upkeep, and utilities is passed on to customers as more winnings. The difference can be as much as 20%, making online gaming more convenient and more profitable.

Choosing the best high payout online casino

Comparing payout percentages is only one way to judge a casino. Other factors like available game titles, mobile access, and accepted payment methods are also important to consider before you create any new account.

Written by Justin Frogs

To be informed of the latest articles, subscribe:
Comment on this post