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Online Casino Payouts What You Need to Know
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 arent 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 its 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.
Are online slot machines better than offline slot machines?
Online slot machines are far better than offline slot machines. They’re just as fun to play with like the offline ones, but they have the upper hand compared to the latter due to convenience and better deals. Online slot machines came into existence when online casinos started emerging. In the mid 1990s, the internet was becoming a medium or venue for a lot of things. Businesses started going online to advertise their products and companies as well as to take orders from customers who want to purchase their products online. People started contacting lost friends or family members through the internet and the virtual plane started creating social networking sites for this kind of thing. So it wasn’t such a surprise that the gambling industry would follow suit and have their games be played online too. When they did enter the internet they brought with them a wide array of gambling games punters loved playing and these were: blackjack, roulette, poker, baccarat and of course slot machines.
The online poker machines also became a huge hit amongst punters and every casino on the internet carried their own barrage of poker machines numbering into the hundreds. The mechanics of the game is similar to the offline poker machines, wherein a player has to push the button to activate the reels and when he gets a row of matching symbols he wins, but if he doesn’t then he loses. But what makes online pokies much better than their land-based counterparts is the convenience of playing them inside your home. Back then players had to book a flight to Vegas for the big-jackpot slot games, but now people from around the world could play with their favorite slot machines at home and they will still win a huge jackpot if their luck prevails. So no need to fly to Vegas or Atlantic City because you only need to go online to win that huge jackpot.
Another thing that sets online pokies apart from the land-based ones is their higher payout percentage. This percentage refers to how likely a punter will win if he plays with a slot machine. In real casinos, the payout percentage is around 80% to 88%, while in online slot machines the payout percentage is around 95% to 98%. Evidently, online pokies are more likely to give you cash rewards than offline pokies and justifiably so, because online slot machines have lesser overall costs than their land-based counterparts. Online poker machines do not have to pay for rent because the internet is totally intangible and the only thing they have to pay for are servers that will operate their programs, which are much cheaper than paying for a lease in a property. Also, online pokies do not have to pay employees because all of the programs in an online casino are computer-operated.
Another thing is that online slot machines are constantly competing with other slot games on the internet so all of them are trying to attract customers or keep their existing customers. One way to do those things is to give out more bonus deals, promotions and/or higher-paying jackpots. Check online and you will see almost all online casinos and slot machines offering a hundred and one bonus deals to customers. That makes it too hard to ignore them, which is why online slot machines are definitely better than offline slot games.