Online Casino Payout Rates
- Best Payout Casinos In Wisconsin
- Which Online Casino Pays The Quickest
- Online Casino Payout Rates 2020
As gamblers, we must accept the fact that the house always has the advantage over the long run. Those big casinos in Las Vegas and gambling sites on the internet don’t pay the bills by giving out free money. Play any casino game long enough and you’ll eventually lose your money. We choose to play anyways because it’s gambling and anything can happen in the short run. On any given night, you might lose your shirt in blackjack or win that million-dollar progressive slots jackpot.
What we don’t have to accept, however, are excessive house advantages. The industry is too competitive for anyone to have to settle for anything but the lowest house advantage casino sites. My purpose with today’s post is to list a couple of online casinos that I have confirmed to have payout rates of 96% or higher. I’ll also explain how payout rates work so you can continue your journey armed with the knowledge you need to preserve your money.
The table that you see above lists the average payout rate across all games at each casino site. In the next column over from the payout rates is a link to the certification. These certifications are provided by third party companies whose job it is to audit casinos for fairness and then calculate the average return to the player.
As you can imagine, the higher the payout rates, the better. The top online casinos are often considered so, in part, precisely because they offer the highest payout rates. A top online casino with the highest payout rate in video poker may not have the best payout rate for slots. Payout rates vary within top online casinos for each individual. Leading Online Casino Payout Rates. The majority of all leading online casino sites willingly subject themselves to routine audits (normally month-to-month) by a certified and also trustworthy 3rd celebration company, such as Pricewaterhouse Coopers (PwC). The last– payment prices– is the topic of this post. As any casino game aficionado knows, if you are playing at an online casino then you are already at a payout advantage. This is because the average payout rates online are much higher than at a.
Reputable operators turn to these companies for various reasons, including reassuring players that the odds are fair and to achieve licensing from the UK Gambling Commission and other regulators. Both of the auditing companies shown in the payout table above are reputable, independent and approved by the UK Gambling Commission.
Full Breakdown at Each Casino
The above figures only show the average house advantage for all games. Below is a full breakdown of the “return to player” rate for each game type at each casino. If you have a certain game-type in mind, you should compare the return at each casino and choose the one with the highest number.
Betfair
- Slots: 93.79%
- Table Games: 96.97%
- Card Games: 98.07%
- Video Poker: 99.12%
- Fixed Odds Betting: 98.08%
- Live Dealer Games: 97.83%
- Slots: 94.31%
- Table Games: 96.65%
- Card Games: 97.41%
- Video Poker: 98.22%
- Fixed Odds Betting: 90.87%
How do these compare to the real world?
Online slots and other casino games have significantly higher payout rates than games found in the real world. Depending on what part of the world you’re in, payout rates may even be completely unregulated. And in areas where the law does state a minimum, that minimum can be as low as 80%. From what I can tell, the average payout rate for slot machines in the real world sits at around 90% if you’re lucky.
Things are much more competitive on the internet where all it takes is a few clicks of the mouse to take your business to the next casino site. Plus, virtual betting sites don’t have buildings to maintain and dealers to pay. It’s actually financially viable for gambling sites to offer very high payback rates.
What Payout Rates Mean
The payout rate refers to how much money, on average, the casino returns to the player per dollar wagered. The key word there is “wagered” because even games with high payout rates can eat through your deposit faster than expected. If you deposit $100 at a casino with a 95% payout rate, it does not mean you’re guaranteed to cash out $95 when you’re done. In fact, the payout rate has nothing to do with depositing vs. cashing out.
If you deposit £100 at a casino and play at a £1 slot machine with a 95% payout rate, you’re going to lose £0.05 per spin over the long run. Also note that this just a long run average. A 95% payout rate does not mean you’re going to lose exactly 5% on every spin of the reels. The payout rate is just a running average.
Consider this: You round up a billion people and take them to the biggest casino in the world. You give each of them £1 and tell them to spend it all on one spin at a 95% slot machine. These players, happy to get a free slot spin, drop the money in and give it a go.
Best Payout Casinos In Wisconsin
Now, you and a million accountants go around and tally every single player’s wins and losses. Some of them have won huge jackpots, some have lost a little money, some have won a little and some have lost the whole £1. If you add up all their wins and losses and average it out, you find out that the average loss was £0.05.
The important thing to keep in mind here is that this is just the expected return on a single wager. It’s entirely possible to lose all your money in a single day if you play furiously and aren’t lucky enough to catch any major wins. It is also entirely possible that you go on a hot run and win enough money to buy a new car. All the payout rate gives you is a general average of your long term expectation at any casino game.
Below is our handpicked list of highest payout online casinos with best payback percentages. We try to be always up to date – this list was last updated in October 2021 .
Which Online Casino Pays The Quickest
Comparing highest payout online casinos to land based casinos
As can be seen from our best online casino payout percentages list, the best payout rates for these reputable highest payout online casinos start from somewhere in the middle of 98% and and down go much down from there.
This ‘average return to player’ percentage is also known as RTP percentage. When RTP percentage is 97, for example, this means that every hundred dollars you are wagering through, you will end up losing 3 dollars in the long run.
Highest payout online casinos are many times more profitable
How do you know if 97% average RTP percentage is really such an amazing deal from you from a best playing online casino? Well, average payout percentages in Las Vegas or Atlanta land based casinos are usually somewhere between 80-90%, meaning you will lose between 10-20 dollars wagering through 100 dollars – as you can see, it is many times worse than best online casino payback percentages. And the thing, they used to be even worse in the 60-70s, the golden era of Las Vegas gambling.
Sure, we have to keep in mind that land based online casinos also have higher operational expenses and overhead in general – this is one of the biggest reasons why the best online casino payout percentages for land based casinos can’t almost never be the same. And we can’t get over from the fact that best online casino payout percentages are one of the direct results of tax climate in these offshore countries where best paying online casinos are almost always located and licensed.
When you are an occasional slot machine enthusiast and on the lookout for best paying online casino that also offer best online casino payout percentages, you will probably stay away from land based casinos. And you have very obvious/logical reasons for that. I personally would also add that these two experiences are very different from each other.
Online Casino Payout Rates 2020
I guess it is somewhat similar when it comes to slots or video poker machines, but if you love games like roulette, craps or even blackjack, then you should stick to live gambling environment. And for table games payout percentages are the same in highest paying online casinos and land based casinos – at least when you stick to reputable and trustworthy best paying online casinos with best payback percentages.