There are more than three hundred online casinos on the web. You may be asking yourself “How do I choose the best?”
Customer service and reputation are, of course, important. The big factor, however, is the payout. Every casino has unique casino payout percentages.
What is an online casino payout? Many people who enjoy gambling online are completely unaware of the full implication of the online casino payout percentage rate.
This is a very important aspect of your online casino choice. What it boils down to is this…some people win money, others lose money. The casino analyzes this and makes its own casino payout percentage.
Payouts vary from casino to casino. People love gambling, and people love to do it online from the comfort of their own homes.
Is it any surprise, then, that online gambling has proven so popular? Would be online casino gamers, though, are picky about where they try their luck, and with good reason. There are so many online casinos out there that it is important to make sure you pick a good one, where you aren’t going to just be flushing your money away.
One of the best ways to ensure a good gaming experience is to look for those online casinos that offer the best online gambling payouts. Usually, this is done by looking at online payout percentages. This information can be found on most online casino review sites.
The payout percentage is essentially just what it sounds like: the percentage of money that an online casino pays out versus how much it makes. Say, for example, you find an online casino that has a payout percentage of 97.5%. This statistic means that 97.5% of the money that comes into their system is paid out to users while the remaining 2.5% is kept as profit. Note that this does not mean that you are going to keep 97.5% of what you bet at the online casino. This is simply a total percentage for all of their users. You could end up losing, or you could end up hitting the jackpot.
It is also important to keep in mind that online casino payout percentages are not the same as online gambling payouts. The percentage is just that: a percentage, it does not tell you how much money you can win from the site, just the percentage of total money coming into the casino that goes back out. Different casinos will have different size jackpots and payouts, and payouts will also depend of course on the particular games you are looking to play, whether it’s poker, slots, blackjack, etc.
You should be able to find payout percentages for just about any legitimate online casino through a number of sources. Most review sites will discuss these payouts. However, since payout percentages can change from month to month these statistics might not always be the most up-to-date.
A better place to find information both on payout percentages and gambling payouts is through an audit report. There are three companies that keep books on legitimate online casinos: the Online Gaming Association (OGA), Price-Waterhouse Coopers (PWC) and Technical Services Testing (TST). You should be able to get an audit report on various casinos through any three of these overseeing organizations.
Looking through the audit reports of various casinos will give you information on both total payout percentages as well as gambling payouts. It will also give you a ‘game-by-game; breakdown for each casino, so you can not only pick out the best casino at which to play, but the casinos in which you can maximize your winnings.
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By Chris Stone
Chris Stone is an online casino expert. He writes for an online casino guide, www.supercasinoclub.com.