Why is everyone after the best payout online casinos? What does the term “payout” mean, and does it matter? Are there certain casinos, providers or games with better payout than others? These are questions that a lot of players bother their minds. In this article, we will try to answer all of them to clarify if it is worth it to be obsessed with the payout stats or not. So if you wonder which online casino has the best payouts stick with us and take a look at the following list.
Ηighest payout online casinos
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What is a payout percentage?
You don’t need to be a gambling genius to understand the concept of payout, also known as RTP (return to player) percentage. Casinos always have a house edge, a built-in advantage for the operators that secures that they will always have profit and won’t ever go bankrupt. At the end of the day, even the highest payout online casinos are businesses. The house edge changes depending on the game you are playing. For example, in blackjack, the house usually has a 1-2% edge over the player, while in slots, it can significantly vary, generally between 2-10% (if we are talking about a trusted provider). If you subtract the house edge percentage, you get the payout percentage of each game. To find out each casino’s total payout, you just have to calculate the average of all of its games’ RTPs.
What are the payout rates?
Casinos use this stat for marketing/advertisement purposes: “Come to play at our site with 97% RTP”, “96.5% guaranteed payout on our casino”,” Searching for top payout casinos? Sign up with us” etc. However, what casinos do is no more than exploiting gullible players. You will never manage to get back (at least) €97 for every €100 you bet. Since the statistic refers to an average figure, you cannot be sure that the rule will come to play for everyone. Keep in mind that the payout percentage always refers to a long time gaming session, not a short term. You might end up with nothing, but you certainly cannot blame the casino’s RTP for your losses.
Sometimes, players confuse payout with the maximum amount that you are allowed to withdraw from a casino. The latter is called cashout, but you may see it also as payout. However, it refers to a totally different concept, meaning the maximum limit of funds that an operator would let a player withdraw for each transaction or per day/week/month.
Return to Player (RTP) Percentages
The RTP percentage refers to the payout of each game. Let’s take the example of Gonzo’s Quest slot. According to NetEnt, Gonzo’s Quest RTP is estimated at 96%, so each casino that offers it has a 4% house edge over the player.
You can typically find this indicator on slot games, but RTP is a figure that stands for every type of game. If the casino itself doesn’t feature the percentage, just head over to the provider’s site that produces the game and check out their gaming catalogs.
A note that needs to be made here is that providers calculate each game’s RTP by simulation, not real situations. Like the total payout percentage of a casino, this is also an average figure, so some players may win above or below it. It is obvious that operators who want to be among the best paying online casinos will include in their library many games with high RTP as long as they don’t get financially hurt.
Every game has its own RTP, and the percentage doesn’t change regardless of the casino that offers it. If you ever see a different percentage than the provider suggests, you should report it immediately, even though this is an almost nonexistent possibility at reputable casinos.
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Best payout casino games
So, let’s say that you have already registered to one of the best paying online casinos that we have recommended. Now what? If you start playing randomly without a strategy, then most probably, you will see your precious money fly away in just a few hours. If you want to minimize the losses and, at the same time, increase your chances of winning big, you should head to the highest payout casino games. Let’s break down the games from higher to lower percentages.
We are going to leave out slots to analyze them more thoroughly in another article. Besides, it’s not easy to give a definitive average figure for slots because some have high RTP while others low, and in addition, you have to bear in mind the new slots that come out every day and the jackpot slots which alter the average.
Video Poker (99% +): We bet that you are familiar with the phrase “the house always has the edge”. Even we used it earlier in this article. This might be true in most casino games but not always on Video Poker. Depending on the variant that you choose to play, you could even have better chances than the house! For example, in Deuces Wild, you can reach a maximum return of 100.76%, making it one of the best payout percentages on online casinos! Jacks or Better is also a favorable Video Poker variant where you can meet an RTP up to 99.5%!
Blackjack (98-99.87%): Blackjack is the king of the best online casino payout games due to its simplicity and popularity. When you sit at a blackjack table, you should know that the house has a very slight edge against you that can even go down to just 0.13%! Still, this regards experienced players that go by the book and can react correctly to every game situation. If you are an inexperienced player who plays without a strategy, then the casino’s advantage can rise to 2-3%.
Craps (99.4%): Craps might be nowhere near as popular as other casino games, but it’s a shame because they offer great odds to the player. The house edge is set at 0.6%, and it’s even lower than land-based casinos, where it is estimated at 1.2-1.4%. However, sometimes you will notice that the low house edge comes with high minimum bets so that the casino can balance the outcome. Indeed, craps are arguably one of the best payout online casino games to make good money.
Baccarat (98.9%): Baccarat is a beloved game for players all over the world. One of the main reasons is the low house edge or, if you prefer it, the high payout percentage that it has. The average house edge can be as low as 1.09%. Still, you should know that betting on the three options (player, banker, tie) has different payouts. Betting on the banker results in a 1.06% house edge, while betting on the player can raise it just an ounce higher to 1.36%. Now, if you are a risky player who would like to take their chances with the “tie” bet, you should know that you would face a 14.4% house edge.
Roulette (96%): The 96% RTP refers to the low-risk wages you can place at this game.
Roulette might be an excellent idea for straight bets like “color” (red or black), but it gets much more difficult when you bet on numbers. Another tip for beginners is that if you are offered both American and European roulette, always choose the European. There is no reason to add another zero on the board and make the RTP lower and, consequently, your life harder. To put it in numbers, the house edge in the American Roulette is set at 5.26%. In the European one, the chances get much sweeter with 2.7%!
Bingo (90%): Bingo isn’t a good idea if you have made up your mind that your goal is to make money. The house edge is very high (10%), and in the long run, you would probably end up losing your funds. That explains why the majority of the best paying online casinos don’t offer bingo games.
Keno (65-80%): If you thought Bingo is one to avoid, then you would start running the other way when you hear the house edge of Keno. It might be a straightforward game in understanding its rules and playing, though it’s tough to win as you would have to fight off a 20-35% house edge. If you manage to make big money in Keno, expect it to be a once in a lifetime stroke of luck that you will tell about it to your grandchildren.
Should you be concerned about payout percentages?
As we mentioned before, these percentages are nothing more than average numbers. Be careful not to be dragged to a casino with the sole argument of having “the best payout percentages in the industry” because other factors come into play, too. Still, it is a proven fact that some casino games have better chances than others, and as a result, if you were to pick them, you would increase your potential for big wins. If you want final advice from us, we propose checking the RTP percentage of the games but being prepared to see it not applying to your case.
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