Highest Payout Casinos
When you select an online casino to play at, there are a few key factors that you should keep in mind. One of the most important is that the casino should have a high payout percentage. This refers to the percentage of the bet money that the site returns to the player. For instance, if the casino has a payout percentage of 97.5%, the site gives back that percentage of money to players, in the form of probabilities. The remaining 2.5% is retained by the casino online. For example, most web casinos odds are calculated over 10,000 spins. So over the course of 10,000 spins, the set percentage will be paid back to players. This is why sometimes a player can have a winning streak or losing streak, and the internet casinos margins are thin but that is how they make their money, on the what is not paid back with spins.
Percentages can be applied at an individual level – in terms of the probability of a player getting paid for the amount he or she wagers. So, at an online casino with a 97.5% payout percentage, the player can expect to get paid back that percentage of his or her money. Here are some of the best online casinos in terms of payout percentages:
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PAYOUT PERCENTAGE 99.24%
Titan Casino
Titan Casino is one of those well known brands with a super legit reputation. These guys are offering new players an exciting welcome bonus of €5,000, and with 400+ online casino games, it would be well worth your while to chime in and check them out!
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PAYOUT PERCENTAGE 99.4%
Las Vegas USA
Players at Las Vegas USA Casino will be greeted with a healthy $500 blackjack & slots bonus! One of the most trusted online casinos in the world, Las Vegas USA has been in business with a great reputation since 1999!
PAYOUT PERCENTAGE 99.8%
Lucky Red
Lucky Red opens its doors with all the bells and whistles, great game selection, and a jaw dropping online casino welcome bonus! A visit to Lucky Red casino is sure to turn your crank!
Verifying Payout Percentages
Before you start playing for real money at an online casino, you should verify its payout percentage. This information is typically provided as a file or an online page by independent auditors like eCOGRA, a body that regulates online gambling. Reputable casinos dedicated to providing a transparent and fair gaming environment typically publish these reports. Payout percentage reports contain the overall payouts for the casino.
They also have payout percentages for specific categories of games like slots, table games and poker variants. The games featured in a report will be contingent on what the casino hosts. So, if a casino has arcade and slot games, but not card games, the first two will be featured in the report and not the last. Select a casino on the basis of whether it has the games you intend to play, and whether the payouts for these are acceptable. On an average, most casinos offer an overall payout of 95%.
House Edge
When played over a period of time, a game tends to offer the casino a better advantage over the player. Most often, players get the chance to make money, and have an edge over the casino only in the short term. After a point in most casino games, the casino has an advantage over the player and this is called the house edge. This advantage is based on one key element – whether the games involve skill or chance.
The house has an advantage in games of chance, where the outcome cannot be controlled, and are random. On the other hand, in a game of skill, there is a higher probability of the player having an advantage. This is because such games require the player to make decisions which can affect the outcome – positively or negatively, based on the situation. And, the moves a player makes on the basis of his decision can control the outcome – and the house edge – to a certain extent. When you select an online casino game to wager on and make money, opt for one that has a low house edge.
Games with Low House Edge
Among all casino games, blackjack offers one of the lowest house edges. When played using liberal Las Vegas rules, the card game comes with a house edge of 02.8%. One of the factors that can influence the house edge in blackjack is the table rules. So, when you select a table to play at, ensure that the rules favor you, not the house. In baccarat too, the house edge is quite low. However, this is contingent on the bet the player decides to make.
Of the three wagers, the bet on the banker has the lowest house edge, at 0.16%. The bet on the player has an edge of 1.24% and that on a tie has the highest among them at 14.44%. This means that players have a higher chance of losing to the house if they make a bet on the tie, when compared to the other two. Video poker, a slot based game, has a low house edge of 0.46% when a player bets on Jacks or Better. This applies to all Full Pay Deuces Wild games. Unlike other slot games that are based on chance, video poker is a game of skill. This means that the player can influence the house edge with the decisions he takes.
Players can lower the house edge for most skill based games like blackjack by applying optimal strategies. These are tools that can enhance the player’s skills and enable him to make decisions that are likely to be beneficial.
To ensure that you earn money wagering at games, select a casino with a high payout percentage and a game with a low house edge.