The Importance of Playing at Online Casinos with High Payout Percentages
Before selecting which real money online casino to play at it is important to find out their payout percentage. A reputable online casino will display its payout percentages on the site and have their data regularly analysed and tested by reputable companies such as ecogra. We do not recommend you play at any casinos which do not at least publicly publish their payout rates.
The payout percentage calculation explained
You may have heard of the expression “house edge” before. Online casinos don’t beat gamblers because they get lucky, they win in the long terms because the odds are stacked in their favor. This built-in advantage is called the house edge. A casino with a low house edge across its games will have a high payout percentage and vice versa.
Payout percentage is the theoretical percentage of funds that the online casino will pay back to the player over time – effectively the total amount of payouts made at the casino divided by the total amount wagered at the casino. If a casino claims to have a payout percentage of, for example, 98.4% this means that the casino pays its winners 98.4% of all wagers as winnings and retains 1.6% of all wagers as profit. You want to play at the highest payout online casinos - Grand Parker Casino has a huge 98.17 payout rate and is the best payout online casino for players from the USA.
Reasons for playing at a casino with a higher payout percentage
- The higher the payout percentage, the more likely you are to win.
- The house edge constantly grinds away at your money, and the higher the edge, the faster your money will run out. Running out of money while you still want to play isn’t fun.
- The longer your money lasts, the longer you’ll play, and the more opportunity you have to win.
Not only do different casinos have different payout percentages but different individual games at the same casino will have different payout percentages. Slots usually have a low payout percentage (house edge varies from anything between 5 – 17%) while games like blackjack (usual house edge of around 0.5%) and craps (usual house edge of around 0.8%) have a higher payout percentage.
It is important to note that a casino’s overall payout percentage is affected by the varying payout percentages of all games. If a casino primarily features slot games, then its payout percentage is relatively lower to other casinos that offer fewer real money slots.
Looking at the above, you might wonder why bother playing slots at all when the payout percentage is much lower than for other games. Slots players will argue that slots offer the chance to win a huge jackpot whereas when playing table games like blackjack you only win small amounts. This is true and if you are looking for some entertainment, then not only will your money last much longer at a craps or blackjack table than at a slot machine but you have a better chance of winning too (even if its a small amount).
