About Casino Payout Percentages

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About Casino Payout Percentages By: CasinoAdvisor.com, Friday May 30th 2008 14 Comments Email Print The Casino payout percentage is one the most significant things that a player should evaluate while gambling online. Payout percentages are usually listed on the Casino's website. Ensuring that a reliable and unbiased third party has verified the Casino payout percentage is important. An audited payout increases the online casino's trustworthiness considerably and exemplifies good faith dealings. Making the choice of which online casino to play at will be examined in this section. Among online and physical casinos, the calculation of payout percentages is quite analogous. Physical casinos, however, will usually provide you with worse odds than those offered by online casinos. Software regulations, the probabilities on hand, as well as payout percentages and gaming standards that are 'just' are a few of the issues that an online casino player must analyze. Microgaming, Playtech and Cryptologic are the most top suppliers of online gaming software. Almost always offered as free downloads, their software is used by the greater part of well respected online casinos. The software uses complex mathematical algorithms created by Random Number Gernerators (RNGs) to create a completely arbitrary result for games such as poker, roulette, blackjack, slots, and craps. Thus, the roll of the dice behaves just as it would had you rolled actual dice in a physical casino. The percentage of money paid out by the casino to the winners is know as the casino payout percentage and should be made available by the casino. For example, when 95% of the combined total of money bet at a casino gets paid to winners, then the casino payout percentage is 95%. In this scenario, the casino would keep 5% of all wagers made. Game-specific payout percentages are often made available by online casinos as well. Is this casino's listed payout percentage a truthful and reliable representation of actual payout percentage should be the first question you ask. Look for a verification certificate on the home page of the online casino's website to attempt to authenticate this information. Don't be fooled though. Unless the certificate issued by a reliable and independent third party, such as PricewaterhouseCoopers, eCogra, or the Online Players Association, you should be skeptical of the verifiers credibility, and furthermore, their payout percentages. You can feel assured that the online casino you are playing at is dedicated to reliable payout percentages, arbitrary outcomes created by authentic RNGs, and stringently maintaining their policies only when the casino offers evidence that they have received a certificate from one of the aforementioned organizations. What is a good payout percentage is the second question you should be asking. This question is not one that can be answered easily. A single month's payout percentages, taken on its own, offers little to no valuable information for analysis. The percentages could appear to be excellent simply because of some anomalous jackpots that were extremely higher than usual due to the arbitrary and random nature of the games. Analyzing payout percentages over six months or greater is a much more reliable indication of what the casino actually offers. We believe that payout percentages of 96.5% or higher are acceptable. In this scenario, the casino keeps an average of 3.5% of all bets combined and is a good simulation of physical casinos. In addition, it is a low risk percentage. An online casino that maintains a monthly renewal of its verification certificate and has payout percentages that fluctuate somewhat from month-to-month is an indication that the casino is of a higher quality. Ultimately, keeping up to date on the latest gaming practices is the only way to assist yourself as a player. Hopefully, the information we have provided you regarding verification and payout percentages will help you in choosing online casinos wisely and make for a better all around gambling experience. Article Tools Email Print Digg Del.icio.us StumbleUpon Comments Add Comment Comment by: Sara D. On: May 14, 2010 I like trying to play at online casinos that publish their payout details as you don't really know if you can trust the information that you see on web portals that deal with online casinos. Comment by: sambatto On: April 01, 2010 I'm not sure how much I trust the payout percentages offered here or on any other online casino portal for that matter as you really don't know if those numbers can be trusted! Comment by: melonballer On: February 08, 2010 I really liked when MGS and those guys did the audited payout percentages that were done by PWC but you don't really find that any more and just have to trust what reputable guides like casino advisor are offering I suppose. Comment by: Kenneth Olken On: January 31, 2010 I deduce my own online casino payouts as to how comfortable I am playing at the various online casinos that I play at. I really don't know if the payout percentage values you'll find on the web any website for that matter even here on CasinoAdvisor are super accurate as I don't beleive that many of the casinos that are represented here on this site do in fact offer audited payout percentage amounts. Comment by: Playbyrules On: January 19, 2010 Yeah that kind of does suck that you don't really come across audited casino payout percentage reviews like you used to. Oh well guess you just have to trust portals like casino advisor to provide the most accurate info in this regard. Comment by: Joshua On: December 22, 2009 I follow the details I find on sites like here on Casino Advisor when it comes to details on payout percentages. I find that audited payout percentages at online casinos don't really exist like they used to and as a result you have to rely on what the casino portals out there are providing and I figure that a reputable portal such as this one has a direct line in with the casinos and has a way of getting pretty accurate details. Comment by: Ponto Rio On: December 12, 2009 Audited payout percentage sheets that PriceWaterHouse used to do sound pretty interesting it's a shame that they don't do those any longer! Comment by: Raymond S. On: September 10, 2009 I rarely am looking at this information any more when looking at online casinos. I think that there are other factors that are more important about the casinos you choose to play at then the payout percentages that they offer. I've read several times online so far that most online casinos powered by the same software will offer the same payout percentages which is good enough for me. Comment by: Hurley Jeminach On: August 25, 2009 Although audited payout percentages are all fine and good most of the online casino software providers fix the odds for each of their games. For example with slots games the payout may be set to 95% for a particular game and this is the payout % that would be used for this same game across all casinos that are powered by a particular software provider that offers this game. For example I don't beleive that Microgaming casino operators can manipulate the payouts on their games. I do however think that RTG operators from what I've read in the past can select one of three different options in the admin panel that manages the casino that will let them change the payout from low to high payouts. Comment by: Kenny Curron On: July 29, 2009 There was a time when the payout percentages offered at online casinos were audited by PriceWaterHouseCoopers and a few other big auditing firms. Since the online casino and gambling industry as a whole is still kind of a "Grey" area they no longer do this. Trusting the payout percentages that are given to casinos isn't very objective as they can most definitely lie about it and there's really no way of proving otherwise. Comment by: Karl Benton On: July 08, 2009 I think that of all the casinos I've played at online that Wizard Gaming has the best payout percentages of all online casinos operating on different platforms as well. I find that I win more often and generate bigger wins when playing at Wizard Gaming casinos. Comment by: Juda On: July 03, 2009 Well either way regardless it's still nice to know which casinos are paying out the most and making a decision to play partly based on having access to this information. Comment by: casinowizard On: June 28, 2009 Yes from what I understand this is in fact correct... I beleive they get some of their information right from the gaming authorities and other information comes directly from the casino or the software providers themselves. Comment by: Kent Wallace On: June 28, 2009 I read somewhere that although some of the payout percentages of the online casinos that are featured here on Casino Advisor don't publish their payout percentages on their website that because Casino Advisor has a direct line of communication with online casinos that they provide them with the information which is then transferred to us players who use this site. Anyone know if this is true? Add Comment You must be signed-in to add a comment: - Sign-in - Register More Articles Chinese New Year Online Slot The Fantastic Sinbad Slot Game Romeo And Juliet In Online Slots Usher The New Year With Fluo Party Valkyrie Online Slot From Elk Top of Page

Casino Articles

About Casino Payout Percentages

By: CasinoAdvisor.com, Friday May 30th 2008

The Casino payout percentage is one the most significant things that a player should evaluate while gambling online. Payout percentages are usually listed on the Casino's website. Ensuring that a reliable and unbiased third party has verified the Casino payout percentage is important. An audited payout increases the online casino's trustworthiness considerably and exemplifies good faith dealings. Making the choice of which online casino to play at will be examined in this section.

Among online and physical casinos, the calculation of payout percentages is quite analogous. Physical casinos, however, will usually provide you with worse odds than those offered by online casinos. Software regulations, the probabilities on hand, as well as payout percentages and gaming standards that are 'just' are a few of the issues that an online casino player must analyze.

Microgaming, Playtech and Cryptologic are the most top suppliers of online gaming software. Almost always offered as free downloads, their software is used by the greater part of well respected online casinos. The software uses complex mathematical algorithms created by Random Number Gernerators (RNGs) to create a completely arbitrary result for games such as poker, roulette, blackjack, slots, and craps. Thus, the roll of the dice behaves just as it would had you rolled actual dice in a physical casino.

The percentage of money paid out by the casino to the winners is know as the casino payout percentage and should be made available by the casino. For example, when 95% of the combined total of money bet at a casino gets paid to winners, then the casino payout percentage is 95%. In this scenario, the casino would keep 5% of all wagers made. Game-specific payout percentages are often made available by online casinos as well.

Is this casino's listed payout percentage a truthful and reliable representation of actual payout percentage should be the first question you ask. Look for a verification certificate on the home page of the online casino's website to attempt to authenticate this information. Don't be fooled though. Unless the certificate issued by a reliable and independent third party, such as PricewaterhouseCoopers, eCogra, or the Online Players Association, you should be skeptical of the verifiers credibility, and furthermore, their payout percentages. You can feel assured that the online casino you are playing at is dedicated to reliable payout percentages, arbitrary outcomes created by authentic RNGs, and stringently maintaining their policies only when the casino offers evidence that they have received a certificate from one of the aforementioned organizations.

What is a good payout percentage is the second question you should be asking. This question is not one that can be answered easily. A single month's payout percentages, taken on its own, offers little to no valuable information for analysis. The percentages could appear to be excellent simply because of some anomalous jackpots that were extremely higher than usual due to the arbitrary and random nature of the games. Analyzing payout percentages over six months or greater is a much more reliable indication of what the casino actually offers. We believe that payout percentages of 96.5% or higher are acceptable. In this scenario, the casino keeps an average of 3.5% of all bets combined and is a good simulation of physical casinos. In addition, it is a low risk percentage.

An online casino that maintains a monthly renewal of its verification certificate and has payout percentages that fluctuate somewhat from month-to-month is an indication that the casino is of a higher quality.

Ultimately, keeping up to date on the latest gaming practices is the only way to assist yourself as a player. Hopefully, the information we have provided you regarding verification and payout percentages will help you in choosing online casinos wisely and make for a better all around gambling experience.

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Email Print Digg Del.icio.us StumbleUpon

Comments

Add Comment

Comment by: Sara D. On: May 14, 2010
I like trying to play at online casinos that publish their payout details as you don't really know if you can trust the information that you see on web portals that deal with online casinos.

Comment by: sambatto On: April 01, 2010
I'm not sure how much I trust the payout percentages offered here or on any other online casino portal for that matter as you really don't know if those numbers can be trusted!

Comment by: melonballer On: February 08, 2010
I really liked when MGS and those guys did the audited payout percentages that were done by PWC but you don't really find that any more and just have to trust what reputable guides like casino advisor are offering I suppose.

Comment by: Kenneth Olken On: January 31, 2010
I deduce my own online casino payouts as to how comfortable I am playing at the various online casinos that I play at. I really don't know if the payout percentage values you'll find on the web any website for that matter even here on CasinoAdvisor are super accurate as I don't beleive that many of the casinos that are represented here on this site do in fact offer audited payout percentage amounts.

Comment by: Playbyrules On: January 19, 2010
Yeah that kind of does suck that you don't really come across audited casino payout percentage reviews like you used to. Oh well guess you just have to trust portals like casino advisor to provide the most accurate info in this regard.

Comment by: Joshua On: December 22, 2009
I follow the details I find on sites like here on Casino Advisor when it comes to details on payout percentages. I find that audited payout percentages at online casinos don't really exist like they used to and as a result you have to rely on what the casino portals out there are providing and I figure that a reputable portal such as this one has a direct line in with the casinos and has a way of getting pretty accurate details.

Comment by: Ponto Rio On: December 12, 2009
Audited payout percentage sheets that PriceWaterHouse used to do sound pretty interesting it's a shame that they don't do those any longer!

Comment by: Raymond S. On: September 10, 2009
I rarely am looking at this information any more when looking at online casinos. I think that there are other factors that are more important about the casinos you choose to play at then the payout percentages that they offer. I've read several times online so far that most online casinos powered by the same software will offer the same payout percentages which is good enough for me.

Comment by: Hurley Jeminach On: August 25, 2009
Although audited payout percentages are all fine and good most of the online casino software providers fix the odds for each of their games. For example with slots games the payout may be set to 95% for a particular game and this is the payout % that would be used for this same game across all casinos that are powered by a particular software provider that offers this game. For example I don't beleive that Microgaming casino operators can manipulate the payouts on their games. I do however think that RTG operators from what I've read in the past can select one of three different options in the admin panel that manages the casino that will let them change the payout from low to high payouts.

Comment by: Kenny Curron On: July 29, 2009
There was a time when the payout percentages offered at online casinos were audited by PriceWaterHouseCoopers and a few other big auditing firms. Since the online casino and gambling industry as a whole is still kind of a "Grey" area they no longer do this. Trusting the payout percentages that are given to casinos isn't very objective as they can most definitely lie about it and there's really no way of proving otherwise.

Comment by: Karl Benton On: July 08, 2009
I think that of all the casinos I've played at online that Wizard Gaming has the best payout percentages of all online casinos operating on different platforms as well. I find that I win more often and generate bigger wins when playing at Wizard Gaming casinos.

Comment by: Juda On: July 03, 2009
Well either way regardless it's still nice to know which casinos are paying out the most and making a decision to play partly based on having access to this information.

Comment by: casinowizard On: June 28, 2009
Yes from what I understand this is in fact correct... I beleive they get some of their information right from the gaming authorities and other information comes directly from the casino or the software providers themselves.

Comment by: Kent Wallace On: June 28, 2009
I read somewhere that although some of the payout percentages of the online casinos that are featured here on Casino Advisor don't publish their payout percentages on their website that because Casino Advisor has a direct line of communication with online casinos that they provide them with the information which is then transferred to us players who use this site. Anyone know if this is true?

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