Casino owners know that the gambling online payouts are the biggest inducement they can offer to lure more bettors to their site. If a website can show that it has higher payouts than the other online gambling sites, they will see more traffic. They also use better payouts as an incentive to motivate new gamblers into opening an account. Just as other types of businesses change their prices, the online casinos regularly change their payouts.
What is a Gambling Online Payouts
Gambling online payouts are the percentage of money returned to the bettors in the form of winnings. The payouts are based on the amount of money actually wagered and have no relationship to the amount of the bettor’s deposit. Most online casinos have a payout in the vicinity of 96%. Another way to understand this concept is that, on average, with a 96% payout the casino earns four-dollars for every $100 wagered.
When you open an account with an online casino you will be asked to deposit a minimum amount of money. Bearing in mind that the payout is an average, if you wagered all of your money over the course of your gaming, you would be poorer by four-percent. Another way to look at it is you paid four-percent for a chance at winning a big pot.
Gambling online payouts vary by the type of game being played. The casino’s overall payout will be an average of all the percentages. Casinos publish their payout percentages on their web pages, but to verify these reputable casinos have independent auditing firms confirm their figures. The most credible certifying firms are the Online Players Association, PricewaterhouseCoopers, and e-Commerce Online Gaming Regulation and Assurance. Seeing a certification issued by one of these firms on the casino’s homepage will let the better know that the casino isn’t engaging in fraudulent activity and the random number generation software is generating truly random numbers.
Over short periods of time the percentage fluctuates as random chance smiles on some bettors and not on others; consequently looking at the payouts for one or two months will not paint an accurate picture. A casino might have had to pay several large winning pots in a given month which will cause their online payouts to seem artificially large. Use payout percentages for the last six months in evaluating the true amount of money returned to gamblers by the casino.
One other factor can influence the payout in the gambler’s favor. When you wager with online casinos they will award you points that are redeemable for cash. You can use this money to subsidize the casino’s percentage. With enough comp points and a high enough payout, a bettor could place himself in a situation where his payout is over 100%.
Payout Points to Remember
Gambling online payouts are generally slightly higher than those of land-based casinos. These payouts are the biggest influence on how much money you will win for your wagering. The higher the payout the better, but stick with the reputable casinos. While a small casino might offer a higher payout, winning and collecting might be two different issues.