When it comes to gambling online, there are a number of advantages to playing casino games online. Being able to play free casino games is a great way for players to try out a game or hone their skills before putting down any serious money. But perhaps the biggest advantage of playing casino games online is being able to win big money at any time, from any computer or mobile device. As such, it is very important for players to sign up with a casino that is committed to fair and accurate gaming.
Signing up with a casino that has a high payout rate is essential if you want to actually win. In the notes below we are going to explore what payout rates are and how to find casinos with the highest payout rates.
What is a Payout Percentage?
If you are new to online gambling, or even if you are not, you may have heard of payout percentages but have never really understood the concept.
Many online casinos with the highest payout rates advertise their payouts at the bottom of their main web page. But what does this mean for the players? Essentially a payout percentage is determined by comparing the amount of winnings paid out to the amount of bets placed at a specific online casino or type of casino game.
The payout percentage shows how much money the casino pays out from the total amount of money coming in. For example if a casino advertises a payout percentage of 98.2% it basically means that for every 100 Dollars/Euros it earns on bets, it pays out 98.2 Dollars/Euros back in winnings.
Audited Payout Rates
When it comes to payout percentages, many top-rated online casinos actually have audited payout rates. What this means is that casinos with the highest payout rates are independently checked and verified by external companies in order to verify the validity of the claim.
Casinos with independently audited percentages are more likely to be above board and the accuracy of the numbers can be relied on. It goes without saying that finding casinos with the highest payout rates is preferable. What most people don’t realise though is that the online casino payout percentage is the total percentage made up from all their games across the board.
Individual Game Payout Rates
While online casinos with the highest payout rates proudly advertise their high numbers, this may be due to certain games paying out higher than others. For example some online casinos have high payout percentages on poker but below average when it comes to slots and other games. Checking the overall payout rate is a good idea but if you are specifically want to play slots or poker, the best thing to do is check individual payouts for specific games.
All top-rated online casinos publish their payout rates on a monthly basis. Unfortunate these numbers change all the time. Casinos with the highest payout rates this month could be at the bottom of the list next month. The best thing to do is check the published rates each month and decide for yourself if your chosen casino is worth sticking with or if it is time to change.