Sunday, August 20, 2017

Payouts

Payouts are the winnings made by players. It is the money the casino will reward the player with when he/she has won on the slots or whatever game is offered in that casino. Whilst this is a simple concept, it’s important to know exactly how your payouts are calculated by the casino. Payouts work like this: The casino works out a percentage on every $/£/€ received, in which a certain percentage goes to the casino and the other percent goes towards the winnings.

This is how payout percentages are calculated by casinos: For every $1 that is inserted into a machine or gambled on a table, the casino will take a small percentage, let’s say 10%. This means that their payout is 90% and if, for example, you bet one dollar and win - you’re payout will be 90¢. Please note that we’ve used the absolute minimal percentage here as an easy example, the bets and therefore the amounts paid out are generally quite a bit higher than $1.

Because these percentages vary, as some casinos offer higher payouts than others, it’s in a player’s best interest to do a little research and find casinos that offer the highest payouts. This may sound like work, but one of the main attractions to online casinos as well as land based casinos are their payout, which are usually displayed in large bold print on their home pages (online casinos).

                                            Payouts