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You may have seen several online casinos claiming to offer high payout
percentages in their stake at trying to attract new players. If you are
unfamiliar with the term 'payout percentage', it is the amount of wagers made at
a given game in a period of time versus the actual amount of winnings paid out
by the casino for that game in the same time period. In other words, if
players wagered a total of $10,000 at the baccarat table over a specified period
of time, and the casino paid out a total of $9,000 during that time, the payout
percentage for the game would be (9,000 / 10,000 = .9 x 100%) 90%.
Typically, the best payout rates are near 97%
or 98%. These are the numbers you have the right of receiving, and should
be looked for when examining different online casinos to play at. However,
do not believe all advertised payouts you see, just a because a casino says so.
The best way to verify if payouts are being reported accurately are by visiting
the casinos website and searching for payout verification reports. In
legitimate cases, these reports will be done on a monthly basis by third-party
auditors (industry regulars like Price Waterhouse Coopers) and will be posted on
the website for all to see, including previous months.
The reports will include payouts for the most
popular games like blackjack, slot machines, roulette and video poker machines,
and will also have an average game payout percentage. If you know which
game you will primarily be playing, the overall percentage is not as important
as the game specific one. Also, be sure to look at previous months reports
in order to get a better idea on just how consistent the payouts are.
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