Cash payout percentage is one of the most important things a player must look for when selecting a website for playing online casino games. The percentage that is mentioned on the site should also be verified by a valid authority to justify the claim made by the online casino.
Online casino percentage payouts are even more accurate than the real casinos due to the use of updated software and fair online game policies. However, the way in which both calculate the percentage is more or less the same.
For those of you who are still wondering what payout percentage means, here is a brief description. The online casino’s payout percentage refers to the amount of money that is being paid out by the casino to its members as winning amounts in proportion to the total money put by the players on various bets and casino games. For e.g. if a casino’s payout percentage is 97%, then it means that the casino gives out 97% of the money put by all players on various bets as winnings and only 3% of the total amount remains with the casino. Some websites give this overall figure in addition to individual game payout percentages as well, for e.g. payout percentage for slots, payout percentage for poker, etc.
A lot of online casinos show high payout percentages, ranging between 95% and 99%, but do all of these actually pay that much out in winnings. To check this, users must look for a verification certificate on the online casino’s website; this can usually be found on the home page. Also, these verification certificates should be from reputable sites like; PWC (Price Waterhouse Coopers), eCOGRA (e-Commerce Online Gaming Regulation and Assurance). We at Online Casino portal promote trusted online casinos for a safe online gambling.
With so many online casinos offering attractive payout percentages, how should one determine what is a good percentage? The answer to this should not be based on an online casino’s one month’s payout percentage, instead an average of the last six month’s payout percentage should be considered and anything above 96.5% is a good payout percentage. The reason why you should not consider only one month’s percentage is because in some months the casino may have given out large sums in jackpots, hence raising its payout percentage.
