Understanding Casino Payout Percentages

In the U.S., casinos must meet a minimum payout percentage set by the gaming authorities in that region. It varies per state but, on average, should be around 80% or higher. It’s also true that the payouts differ even within the same game. It even depends on how much you’re betting. Every casino game has a built-in advantage that favors the house. Naturally, the size of the edge will also vary per game, and therefore the trick is to choose games that give you the best chance of winning and understand that this house edge is only true over time.

RTP Explained:

Players looking to make an additional income would be wise also to review the winning probabilities beforehand. Most casinos, at least the reputable ones, have no issue providing players with their payouts percentages. Some may use it as a USP (Unique Selling Point) and marketing tool. A Payout or Return to Player (RTP) percentage is viewed by many as the percentage of the money returned to a player after winning a game. Payout percentage figures relate exclusively to the money a player wagers and not the money player deposits.

It is not indicative of your individual or collective playing sessions. When a casino posts a 97% RTP, this indicates all the money their players have collectively wagered, and the games that have collectively paid out 97% and held a 3% profit. If the casino has made a monthly profit of $100,000 from customers’ wagering a total of $50,000,000, the casino games have “paid out” 99.8%, which is still an excellent payout figure. Of course, high RTP is not a single indicator of a reliable or profitable gambling resource.

Depending on the game title, it could take up to 10,0000 games and sometimes more for the RTP to be as is advertised by that specific brand of casinos.

How to find the RTP on a slots game?

One of the most reliable ways is by looking at reports from gaming jurisdictions. These records contain general information on what payback you can expect from different casinos. You may even get lucky and find payback percentages on popular games.

Variance:

The term Variance is what statisticians use to describe how far random outcomes are spread out from the expected average. For example, a low variance slot game would payout quite frequently, whereas a high-variance slot machine can take a while before it even hints at any form of a payout.

It’s the variance that makes casino games worth playing. However, it is essential to note varies significantly in how the cash is disbursed to each participant and that there is no such thing as a sure win. Thus we would advise you to handle your bankroll effectively.

Where to play?

Our advice would be to keep track of the charts. As well as the actual statistics and monitor which online casinos consistently offer their players good returns. Feel free to browse through our Top 10 Casino Review list for more information or check out our most underrated online casinos. To ensure that you have the most rewarding and profitable online gaming experience.

Tips for playing

First and foremost is budgeting your money and managing your bets. Never wager more than you can afford to loose. After that read books on blackjack or whatever games you are thinking of wagering on. Lastly, understand more than just the rules, the psychology of gambling and bets plays a major roll, especially in the game blackjack.