It can be confusing to know what you are looking at and what you should be looking for when you first go online to join an online casino. One area you will be interested in is the payout percentage. Of course, you may not know what a ‘payout percentage’ if you are just starting out. The payout percentage will indicate how much money the players on that online casino are seeing come their way. For example, a 95% payout percentage means that for every $1 wagered, the player is getting back around 95 cents, on average. The casino is obviously making money, but the average game does not have such a high casino edge that the gambler has no shot at all, of scoring a win. It is important for you to understand that the listed payout percentage is in no way a promise that you will see any sort of amount of wins from the online casino. Those payout averages are arrived at, after thousands and thousands of wagers. Variance is large in an individual session, especially on the high variance games like slots.
Locate the Payout Percentage
You can locate the payout percentage for an online casino on the site itself. You will want to know some things you want to look for when you are checking out the payout percentages so you know you are looking at correct information. The first thing you want to check is to make sure the payout percentages are updated on that online casino on a regular basis. Looking at an outdated payout percentage will tell you nothing about what you can currently expect from the online casino. You also want to make sure the payout percentage has been verified by a trustworthy outside source. This lets you know that you can trust what you’re looking at.
Make sure the Payout Percentage looks ‘Legit’
A good rule of thumb for you to keep in mind is you want to look for an online casino that states it has a payout percentage of at least 95%. However, you need to follow the instructions above to make sure you can believe the percentage listed. If you notice an online casino stating that it offers a payout percentage that seems too good to be true, it may be too good to be true. If an online casino says it has a payout percentage of 99.99%, you would have to take this as a big red flag. It is hard to believe that any online casino could offer that kind of payout percentage and still be in business.
Do not pick your casino solely because of Payout %
While it is important to try to join an online casino that offers a good payout percentage, you will still need to join for other reasons. You want to play the games you like, play on a site with a good amount of traffic, be able to count on the customer support, and take advantage of great promotions like our list of no deposit casinos. Finding that site with all of the features you want and a good payout percentage will make your time online a very pleasurable experience, not to mention potentially very profitable!