Payout is a key element of interactive gambling sites but lots of reviews and articles on gambling fail to explain it correctly and therefore from time to time every gambler faces the problem of finding best payouts at online casinos, which results in them making bets without double-checking if it’s worth it. And just so you know, if you compare the number of winnings that the casino paid to its customers to bets that were placed, you will receive a payout percentage.
Nevertheless, payout mechanics raise lots of questions starting with what payout percentages and RTP are, how to calculate it, and do casinos payout via direct deposit.
What Are Payout Percentages?
The payout percentage of online casinos means the probability of a refund to the players. This indicator is calculated for all online casino slots for a certain period of time, for example, for a month.
Take for example a virtual casino with a payout rate of 96.05%. This means that for every 100 US dollars placed as bets, the casino pays a prize of $96.05. Of course, this does not mean that you will definitely receive this amount for every 100 dollars that you bet on games in online casinos. This shows only the percentage of chances for receiving casino winnings.
There are also verified payout percentages, which are data that have been verified by an independent third-party company. This is done in order to make sure that virtual casinos do not require false information. In this way, players can check whether online casino statistics are checked and updated regularly.
What Is a Return to Player for the Slot?
If you want to be sure that the online casino of your choice will help you get a more fruitful betting experience, you will also need to find out about the return to player percentage (RTP). This indicator is usually found in slots. It describes the percentage of all placed bets that will be paid to players over a certain period of time. This percentage gives players predictions about how long they can pay out bets in one game. However, this is not a good indicator of short-term forecasts.
Simply put, if the game has an RTP of 90%, this means that for every $100 won in $1, the player must receive a payout of $90. However, the actual payout can vary greatly. The percentage of return to the player can be described as the opposite of the edge of the house. This means that an RTP of 90% will indicate that a virtual casino will take 10% of all the money that will be played.
How to Calculate RTP?
Knowing the RTP, you can calculate the percentage of the benefits of a gambling establishment. For example, you know that a certain slot has an RTP of 95%, this means that in the long run, a gambling establishment will receive only 5% of the bets that a player made during the game.
It should be remembered that the RTP depends only on the developer of the slot machine – this applies to both for land-based and online casino slots. Neither land-based casinos nor online casinos can affect the RTP of slot machines, so players can be sure that all their wins or losses will be honest – they are determined by the mechanics of the slot, including a random number generator. The main thing is to choose a proven casino with licenses and original slots to hit a casino jackpot.
In 2009, in one of the Las Vegas casinos, two advanced Draw Poker slot players won over four hundred thousand dollars using a software bug. Now on the slot machines, you can see the inscription “Technical failure or an error during the game will invalidate the winnings.” You can win on slot machines, but mainly relying on luck and a high percentage of returns. Other options are most likely illegal and it is better not to use them.
The payout percentage is a good help for choosing an online casino. However, you should rely on a few more indisputable facts, on the basis of which you can make conclusions about the professional suitability of the casino. For example, you should ask your friends what they think about the gambling site you choose. And do not be surprised at the fact that in online casinos the opportunity to earn money is much higher than in ordinary gambling establishments.