Calculating the likelihood of winning in an online casino can be difficult, which is why most casinos are committed to transparency and provide a set of statistics to help potential players decide how to bet. In addition to these statistics, most casino games have recognized rules with computable returns. It's just a matter of knowing where and how to search. This guide does just that, informing players of everything they need to know about online casino payout rates!
What are payout percentages?
In short, payout percentages are statistics designed to give players an idea of how much they are likely to win in a game, or how much they can expect to lose as a result of the demand for big profits. Often expressed as a percentage, these figures show how much of the money put into the casino (or on a particular game) is returned to players on average. They can be expressed in many different ways, all of which are useful for different reasons.
Payout percentages
The best online casinos order monthly reports from independent testing organizations such as Gaming Laboratories International (GLI) or eCOGRA, which provide what is known as a payout percentage report. Often accessible via links at the bottom of online casino websites, in questions or policy pages, these publicly available test scores show the average return for all players who have participated in a particular type of game in the last month.
For example, an eCOGRA 2014 report for a casino showed that across the site, 96.91% of the money deposited in June of that year was returned to players and 99.08% of the money bet on baccarat was also returned. Since this is an average value taken for all players who bet on the site during the specified period, this means that some players will earn above average and others below. Comparing average returns can give a good idea of how competitive casinos are.
Return to Player (RTP)
For more specific details about individual games, the Return to Player (RTP) is a useful indicator. Common in online slots, though occasionally in other games, it works similarly to the monthly payout percentages, but is calculated by running simulations through games rather than by monitoring the actual activity of player bets. Often, it can be found in game developers 'catalogs due to the fact that most provide this information through companies' websites.
Players can access this information in online slot reviews and / or slot information pages at any casino such as 888 casino and bet365 casino. Again many players win above or below these numbers. With slots, it's important to check how high the variation of the game is. If massive jackpots pay hundreds of thousands of pounds, few players will earn returns above 1000% or more, which means that many players will have lower than average returns; don't let this fool you!
What is House Edge
The term House Edge is commonly referred to casino games such as roulette and baccarat, and in some games may be influenced by playing an effective strategy, such as in blackjack. As with RTP rates, it gives an average based on probability and offers a good indication of which bets to make and when to make them. Where strategy can influence House Edge, players are advised to refine their skills to maximize returns. You can try that strategy in demo games in 10bet casino, or you can try our free casino games.
