Payout percentages are something every online casino gambler should understand. It’s one thing to rely on luck but players will give themselves a much better chance of winning knowing how much the odds are stacked in the casino’s favour.
The Payoutpercentage is more commonly referred to as return to player (RTP) is casino circles and is the percentage of stakes paid back in winnings to players. The casino, quite legitimately, makes its profits by keeping a percentage of all the money wagered. How much it can keep is dictated by licensing laws, the UK Gambling Commission stipulates the minimum payout percentage is 80% which is often applied to machines in amusement arcades but online and mobile casinos typically offer about 95% RTP.
There is no guarantee that a player will receive the RTP%, as the payout percentages are calculated over thousands of plays and is therefore an average payout over time. However, it means the longer a player gambles on a game the more likely he or she is to reach the average RTP.
It should become obvious that the lower the return to player, the quicker the player will lose their betting bank. With average luck, an online casino player would expect to receive £95 from every £100 wagered on a game with 95% RTP, if the RTP was only 90%, the return would be £90 for every £100 staked.
Fortunately, online casinos let their players know the RTP for every game, although this information may be easier to find in some casinos compared to others.
Online casinos tell us that slots are the most popular games and the pay out percentages can vary quite dramatically. For example, Lucky Mermaid slot has a 98.5% RTP while Columbus slot has a more modest 95% RTP.
An important factor when playing slots, and other online casino games, is the variance. During the play cycle which determines the final payout percentage figure, there will be times when the RTP is higher than the average and other times when it’s lower. Slots with high jackpot payouts will give lucky players a huge win but it means longer losing runs to allow the payout percentages to return to the norm. On the other hand, games with lower jackpots will pay out more often and not deviate as much from the average.
The average deviation on slots is understood to be a little over 8% which means there will be times during the cycle when the average slot game will be paying out over 100%, potentially 103% on a 95% slot – that’s the when a player can leave the game in profit.
There is no skill required to play slots, the outcome of each spin is determined by a random number generator which is tested by independent testing boards to ensure the integrity of the RTP. However, players can use their talent for numbers to affect the payout percentages of some classic casino table games. Some live casinos use real card decks for blackjack and baccarat which gives card counters the chance to work out the odds and adjust their staking plan accordingly. Skilful players can increase the RTP to 98.5% by playing the perfects hands.