For a casino player, or beginner, looking to play some games online or offline, it is recommended to broaden your knowledge on some terms you will most likely hear around. In this case, we will be talking about the Casino Payouts.
What are the Casino Payouts? – For starters, it is more than just your winnings; you will notice percentage (%) values.
Let us say the online USA casino you are playing at displays an overall casino payout of 95%. Contrary to what many people think, it does not mean you will win 95% of the time. It means that out of a $100 wagered on the casino game – for a specific range of time, or for the entire game’s life-span (like with slot machines) – a player will be paid out $95. As you can see, it could be any player, and in a very long time range.
As a rule of thumb, any casino below 90% is not trust-worthy, or at least not worthy of your money and time; unless you are just there for the pure entertainment.
Casino Payout Percentage
Along with the overall casino payout percentage, there is also a specific payout for each game online and offline at USA casinos.
The higher the payout percentage, the higher the payout for the player, and of course, the lower the earnings for the casino (or the house as it is also referred to).
Be careful though… just because a specific game has a high percent, it does not mean you should go crazy on it playing all your money for a hopeful win. One thing to keep in mind is that even though the game might payout more, the odds might still be high; it also means that the casino game is a higher limit game in which you will have to gamble higher amounts of money, equating to a faster loss of chips, and probably a shorter span of a ‘fun time’; additionally, you should always stay within your budget, spending limit, and of course, keep your money management strategy in play at all times.
The best recommendation is always to stay within budget, play smart, and have fun.
Playing smart does help; if you play within the game’s strategy, you should be able to alter the payout, and get better odds for you – such is done with card counting in the case of playing at land based casinos.
That said, ticket and electronic games (such as keno and slots) have lower payout percentages, as they are have lower betting limits. They also have higher jackpots to win, and for the most part rely on luck.
Table games on the other hand usually have higher casino payout percentages as they are higher betting limit games, and have a greater probability of providing more profits to the casino in shorter times.
Why would players play higher limit games? Well, the fact is, they are known as skill games too, since the players can learn more about the game, the odds, mathematical equations and so forwards, altering the odds to their favor and increasing your probabilities of winning.
Plus, no offense to slots, but it just seems more exciting to be playing table games with a group of people, than pressing on buttons all the time… but those are just personal choices when at an offline casino; even at online casinos, they come with a faster play, hence more exciting atmosphere from the comfort and safety of my own home, or wherever, with mobile devices.
Casino Payouts: Offline vs. Online Casinos
Referring to our topic, online casinos usually have a higher payout percentage. If you consider this fact, along with the convenience of staying home, playing at your own pace, and doing everything online from e-cash to entertainment, then you can definitely see why it is so much better to be playing at online casinos most of the time; at the same time, it saves casinos on overhead costs, allowing them the opportunity to offer you higher bonuses as well as payouts.
Their payout percentages are usually displayed with each game – or the casino will gladly inform you if you cannot locate them via their customer service reps. These are also usually set by the software developer, who before posting the games up, will test them out with millions of play for fun money in order to see the games’ percent. You could do the same, but make sure you have millions of money or time to burn. If you are worried about their accuracy and reliability, then all you have to do is check for their certificates at the bottom of the page. These certificates are issues by companies whose main job is to make sure these online casinos follow the norms of randomization, fair play, and so forwards.
Offline casinos on the other hand set their own payouts, but still need to request approval from the Gaming commission (at least in the United States). One point to consider is that offline casinos will generally put the higher paying slot machines upfront – closer to the entrance of the casino, so the sound of jackpots and sirens on these games will attract pedestrians near-by; another way of railing them in.
Offline casinos will also have their dealers rush the games, and hence, making you lose more and faster, obviously decreasing your winning odds, and lowering your entertainment experience.