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Simple Explanation Of Online Casino Payout Rate

Updated: Nov 29, 2021

Everyone wants the best: the best games to play, the best sites to gamble and the best payouts of the winnings eventually. Finding the highest paying casinos online NZ players would be able to appriciate is tricky. Gambling sites need to make a profit, and this means that customers cannot always win. Fortunately, NZ online casinos are regulated by organizations, like eCogra, that ensure transparency and fairness. Kiwi players can increase the odds of a win by understanding a few basic concepts and knowing what to look for when comparing payouts.

Payout Percentage

The percentage of wagers that are paid back to customers who win. This number is calculated monthly by third party regulatory groups. Higher percentages indicate better odds of a payout.

Return To Player (RTP) Percentage

The amount of wagers paid out to players specific to one particular game title. It is especially useful when comparing slot games. Keep in mind that huge jackpots make the RTP seem more favorable but games with jumbo jackpots payout less often.

House Edge

The amount of wagers that the casino keeps, usually 2% to 5%. It is more commonly used in reference to table games, like roulette and baccarat, and is affected by skill level strategy.

Random Number Generator (RNG)

This computer-generated algorithm creates a random number that determines the win. Many people believe this ensures fairness, but it is designed to favor the casino.

What to look for when comparing odds:

There are several things that players should look for to find the top payout casinos and avoid those with less favorable percentages.

Good Signs

  • Popular games

The most popular games have the most wagers and the largest jackpots. Casinos that offer popular titles and progressive jackpot games have the best payouts.

  • Bonuses

Free spins, loyalty rewards, and other bonuses mean more chances of getting a win and may increase the amount of the payout. The best casinos offer plenty of bonuses and rewards.

Bad Signs

  • Unregulated sites

Reputable casinos comply with strict rules and quality checks set by government licensing agencies and third-party regulators. Skip any casino that can’t be verified through these agencies.

  • Unclear terms

The terms for all gameplay, bonus offers, payout policies, and other essential functions should be easily found on the website or by contacting customer service. Refusal to provide information suggests shady practices. It is best to avoid these sites.

How payout rates affect your odds of winning

Understanding how payouts work and knowing where to find accurate information is the first step to improve your odds of a win. But even with high payout percentages, players don’t win most of the time. Remember that payout rates reflect an average - not your personal odds. Choose games that fit your skill level and risk tolerance, and always ask for clarification from the casino if you don’t understand something.

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