Payout Percentages at Online Casinos
Any player that has accessed an online or mobile casino will be aware of the great payouts that can be generated from the games that are supported. The overall payouts of the games found online are much better than in land casinos and the top rated sites will always audit games to ensure fair play and to verify payout percentages. The payout percentage of a game will help players determine which game titles offer the best chances to win and will let them now whether this game is worth wagering on. Each game in an online casino will have a different payout rate and those that audit the games will provide this figure. Payout percentages do not guarantee that one will win while playing the game, but they do indicate the chances of collecting returns on wagers that are placed.
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What are Payout Percentages?
Any real money player that is looking for a game that will offer the best chances of getting some wins will have to learn how to compare payout percentages so they can choose the right game for their gambling needs. As players compare games, they will find that each boasts a different payout percentage, which will usually range between 95% and 98%. If a game has a payout percentage of 97%, this does not mean that players who wager will win 97% of the time. It means that the casino is offering 97% of all collected wagers back to the player in the form of payouts. However, these wins will not come all at once. The payout percentage is a figure that is determined over time and in order to benefit from the full percentage, players will have to play the same game for a period of time.
Many new players will automatically choose a game with the highest payout percentage. While this is a good way to make sure some returns will be generated, there are many other factors that go in to choosing the right game. Players will also have to consider the total cost of the wager, the style of game and whether they even enjoy what the game has to offer. However, payout percentages are a great starting point when narrowing down the playing field.
Choosing Games Based on Payout Percentages
Even though the payout percentage of a game will not ensure that players will collect winnings, they are a great way to determine games that have the best chances of winning. If a game has a 98% RTP, then the house edge is just 2%. When players are looking or games online, they will often seek out those that have the lowest house edge, so this is where the payout percentage will come into play. Finding games that have the highest RTP will provide better opportunities to collect payouts as players enjoy the game over a period of time, but there is no way to guarantee any specific win amount while playing.
How Payout Percentages are Determined
Online and mobile casinos use independent companies to audit games when they are offered and during this audit, the payout percentages of the game will be verified. The company is not responsible for the overall number, but instead just tests the game to ensure this figure is correct. The actual payout percentage of game is determined by the developer of the game. The overall payout percentage which is also referred to as the RTP, or Return to Player, is not calculated by the individual spins on a slot game. Instead, these figures are determined from how each symbol is positioned on the reels during a spin.
Each game will offer a Theoretical RTP as well as an actual RTP. The theoretical RTP will represent the expected amount that one can get in return for placing a wager on the game over an extended period of time. The Actual RTP is determined by a periodic analysis of the random game results and is often quite close to the Theoretical RTP. Players need to keep in mind that the RTP will not guarantee that they will win. If a game has a 97% RTP and players bet $100, they will not always win $97 in return. This figure is determined over the life of the game, so in some cases, players may not win at all while they play the game and others will hit it big right away.