Whenever you consider playing in an online casino, one of the important things you should know is the casino's payout percentage. But what is a payout percentage? Where can you find it? I will answer these questions in detail during this article.
Every safe online casino publishes their payout percentage on their website, so you can easily find it. Before you join an online casino, it is important for you to know what the casino's payout rate is. Online casinos usually have a high payout rate, above 90 %. But what exactly is this payout rate? The number indicates what proportion of the total money bet by the players is being paid out as winnings; the remaining percentage represents the profit of the online casino. Let us see an example: if a casino has a payout rate of 95 %, it means that for every 100 $ bet by players, the casino pays back 95 $ to its players. You should know that online casinos usually have a higher payout rate than land based ones, it is easy to understand why: they do not have to maintain a building, have smaller bills to pay, and they also have fewer employees. This makes an online casino a better place to play, because your chances to win are better and the amounts of money you can win are higher.
Does the casino actually pay this percentage in winnings? You should check their website again, and if you see that a third party certificate, then you can feel safe because this means the casino is honest, and they really pay the percentage listed on their homepage. This third party is usually an independent organization; the three most important organizations are Online Players Association, PriceWaterhouseCoopers and eCogra. Once they give a certificate to an online casino, be sure that the casino is inspected from time to time. To avoid any problems, casinos maintain a strict code of practice. So, if you find a casino audited by any of the three organizations mentioned above, you can safely play their games. If your casino is audited by another company, do not worry, I mentioned only the three biggest ones. Other auditing companies can be just as good as these three. Do not forget to check back from time to time, because the certificates should be updated regularly.
I already stated that a good payout percentage is above 90 %, but I did not mention the exact number. Professionals consider a 96 % payout rate a good one. So, whenever you find a casino that pays higher than 96 %, consider to join that one. Also, you should check the casino's payout rate every month, because there will be slight variations. It is best if you consider the last six months and calculate the average payout rate. You have found yourself a good online casino if the average payout percentage is still above 96 %.
If you are not sure on the casino you are registered to, and you want to compare it with other casinos, you can easily do it. There are several websites over the internet, containing lists of casino payouts. If you want to save time, and choose the casino with the best payout percentage, you can do it by accessing one of these websites. This is the easiest way to find yourself a safe casino, because the casinos listed on another website are usually audited by a third party, or they are listed in groups according to their software. If you can not find a casino's payout table, you can contact customer support and ask, but there is a high probability that the payout rate is so low, that the casino does not want to make it public. Another possibility is that the casino is a scam, and does not want to publish any payout rates.
The payout rate of the casino can be listed in two separate ways. You might find a single list with the average payout. Average payout means that the number reflects on all the games. On the other hand, you can find a list with separate columns, containing the average, the slots, the table games and the video poker games. This grouping is just an example; the idea is that some of the casinos list their payout rate separately for several groups of games. Do not forget, you should find at least 96 % in every column! You should take in consideration the fact that every single game offered by the casino, has its own payout rate. If the game you are interested in is not listed, then you should contact customer support and simply ask for the game's payout percentage.
The main idea is simple: if the casino you joint has a high payout rate, you can win more often, and you can win bigger amounts of money, if the payout rate is lower, then you will win rarely and smaller amounts of money. So you should choose the casino with the best payout rate! Choose wisely and good luck playing!
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