So what is a casino payout percentage? Let me explain…
A casinos payout percentage indicates what proportion of the total money bet by players is being paid out as winnings. For example, if the payout percentage is 98%, then 98% of all the money bet at the casino is paid out to its winners.
The casino gets to keep only 2 % of the total bets made. Online casinos also publish individual payout percentages for their big games, like slots payouts and roulette payouts.
Here’s a good question that I’m sure you have asked before… do the casinos actually pay this percentages out? A verification certificate is shown on the home page of the casino website should confirm if they do payout. These certificates are valid and genuine only if issued by independent organizations…
The top authorities are, the Online Players Association (OPA), PricewaterhouseCoopers (PWC) and eCogra (e-Commerce Online Gaming Regulation and Assurance).
Once an online casino has received a certification from one of these bodies, a gambler can then be confident that the casino is trustworthy and committed to fair gaming with random RNG (random number generator) and a true payout percentage rate.
So what is a good payout percentage? Don’t look at 1 month’s percentages. The online casino, due to the randomness of online casino games, could have paid out some big jackpots over that month, thus making the percentages seem very good. It’s better to view the payout percentages averaged over a few months.
In my opinion, a good payout percentage is anything above 97%, which actually means that the casino is retaining 3% on a net wagering basis. This compares very well with land-based casinos.
All the good online casinos update their certificates on a monthly basis and its percentage payout rates will vary every month.
Help yourself by staying informed! These notes on payout rates and verification will assist in making informed decisions on which casinos to play at and will also hopefully enhance your online gaming experience.
