Blog Posted on 10/07/2014 | Author: Karen Macarthur
Understanding Casino Payouts
A casino gaming experience for any player is filled with the big wins, losses, anticipation of winning. While the main joy is for the enjoyment, the extra bonus of winning is an acknowledged factor that adds to the excitement. Is there a guidebook for the players to select the best casino to play? Whether its land based, online or mobile, the compelling factor is the casino payouts. Helping you to understand this topic is the following text from the Vegas Mobile Casinos.
What is Casino Payout Percentage?
The best way to explain about casino payouts is to keep it simple. Just work around the notion that the casinos will pay out a percentage of the total amount bet. It’s all about the wagering amount and not the deposits that is being made.
To explain further, say the casino payout is 96%. This means that the casinos will give back to the players an overall of 96% of the combined bets. As a general rule any casino which gives a higher percentage of around 96% and above can be considered as a good casino. You can find the casinos percentage usually listed on the website or at any prominent position. If this is not listed, then you better shift over to a new casino.
It’s a common knowledge that the online casinos give a better payout percentage than the land based ones. This is due to the fact that land based casinos spend a small percentage of their earnings on maintaining their infrastructure.
Determining the Casino Payouts
The foremost consideration for any casino player is whether he will receive the casino payouts. The only way to be certain is to look for the verification certificates that should be predominantly displayed on the casino websites.
There are independent auditing companies such as eCOGRA (e-Commerce Online Gaming Regulation and Assurance), the Online Players Association (OPA) and Price Waterhouse Cooper which perform audits regarding the casinos payouts, fair gaming, software regulation etc. Depending on their final reports, the casinos are certified.
The casinos offer different casinos payouts for their games. This can be changed monthly or at any time. It is best to check out their details before considering them for playing.
However they cannot change it without informing the general public or the governing bodies that enforce strict regulations. It is their final word that determines the casino payouts through regular audits.
Factors affecting Casino Payout Percentages
The casino payouts are generally consistent over time. Two of the factors impacting the casinos payouts are taken into considerations: the type of casino games and the nature of the casino software used.
Type of game: Among the plethora of wide variety of games that the casinos offer, they’re only a few categories that can affect the outcome of the casino payouts. The skill based games such as Blackjack and Poker offer the players to make decisions for every hand. Every judgment taken affects the winning chances and the final game’s payout.
The other types of games such as Roulette, Baccarat and Slots allow the players to just make a wager. The final result is just luck rather than skill.
Nature of Casino Software: The casino software used is the same throughout, but individually the casino payouts given are dependent on the games. There are some games that are by default set to give low payout to the players.
Types of Casino Payouts
At any casino forum or at any gambler’s discussion, you come across various views about the casinos. The best way is by going by its casino payout rate. How long does it take for a casino to disperse the payout? Some rate the casinos poor for having as the slowest casino payout and others as the fastest. Mentioned below are some of the ways in which the casinos payouts.
- Credit/ Debit Cards – It is the most popular methods of casino payouts. Convenient and quick it usually requires 2 – 3 days for processing the request.
- Cheques – Considered safe and secure, the cheques are directly delivered to the registered address within 3 – 7 days of withdrawal request.
- Bank Wire Transfers – The casinos directly transfers the amount to your personal bank account. The bank wire payments take anywhere between 7 -10 days depending on the region for the amount to be credited to your account.
Armed with this information, the players can make an informed decision on which casino to play in. The main point behind a player gambling is for making a profit while winning. The auditing process gives reliability and authenticity to the casinos that they are honest in their financial procedures. Displaying their audit reports shows that the players are assured of the best fair casino payouts.