Do Different Online Casinos Really Have Different Payout Rates?

As the access to technology has become more prevalent, the world of gambling has become hugely popular in the online domain, in which 1.6 billion people are said to gamble each year. And with 59% of the world population having access to the Internet across the world, it’s now much easier for communities in far-reaching corners of the world to enjoy casino games from the comfort of their own sofa. However, as the online domain has become so densely populated, competition is now rife and providers are doing anything they can to get players through their virtual doors.

Whilst this means some great first time bonuses and player incentives for consumers, it also means that many people can fall into the trap of being pulled in, only to find that the payout rates are incredibly low. The key is to strike a balance by finding an online gambling provider that offers a wealth of joining bonuses and loyalty benefits, in addition to good payout rates. What are good payout rates you ask, and how can you find them?

Payout Rates Guide Header Image

IMAGE: UNSPLASH

Continue reading to find out everything you need to know about finding and benefitting from good payout rates, in addition to learning how to avoid the common traps. To find online casinos with the best payout rates, head over to some of the best here.

What Is A Pay Out Rate?

In simple terms, the payout rate for any games is advice for the player on how likely they are to win. Not only do they tell you if you’re likely to win or not, they’ll also inform you of the probability of losing the game, in addition to how long it will take you to get a win. The payout rate can also be known as the pay out percentage, in which the figures show the amount of money wagered on a particular game that can be returned to you as a player on average.

What Is An RTP?

An RTP is known as the Return to Player Percentage and indicates the amount of money the casino will give a player after making a bet. It’s important to understand that the RTP is not shown in accordance with your personal or collective sessions, but instead, it is indicative over time and encompasses thousand of spins and games from a large collection of players. A casino must collect the percentages from this large selection of players before being able to advertise their RTP.

How Does The Payout Rate Work?

When you play a gambling game in a land-based casino, the game is a game of chance, in which the results are determined by physical law and are not controlled by humans. Whether it’s a reel, rolling a dice, or a game of cards, the probability of you making a win in a given game is completely random and cannot be pre-determined. However, when you play at an online casino, the rules are a little different. At online casinos, the outcome of the game is not determined by physical law, but instead by a Random Number Generator (RNG).

A Random Number Generator is a piece of software that’s designed to select numbers at random within seconds. Whilst players are still treated with randomness and fairness, the RTP ranges from game to game and by the casino and can vary in a range from 80%, all the way up to 90%.

How To Find The Best Chance At Winning In An Online Casino

In order to start off with the best chances of winning, you should try to find a game with a high RTP. Whilst these can be hard to find, it’s important to find out what the RTP is before you commit to one single online casino provider as it can be all too easy to fall for the joining incentives, only to find out later on that the casino you have chosen has an incredibly low RTP. As online casino sites vary greatly, make sure you do your research despite any free spins or sign up bonuses being offered to you.

What Else To Be Aware Of

In addition to being aware of the RTP at online casinos, it’s important to understand that the RTP is not a representative for you specifically but for all players across thousands of games. This means that it’s still a game of chance even if there is an incredibly high RTP and whilst one player may seem to keep winning over and over again, they could just as easily suffer from a long losing streak – so don’t be drawn in by the luck of other players.

Overall, there is a huge variety of online casinos on the market, and with all of the player bonuses and joining incentives; it can make it tricky to choose one to go with. Just keep in mind that whilst there might be some attractive perks to signing up, if the RTP is low then it may not be worth it.

If you are interested in even more entertainment-related articles and information from us here at Bit Rebels, then we have a lot to choose from.

Payout Rates Guide Article Image

IMAGE: UNSPLASH

COMMENTS

WORDPRESS: 0