The payout rate is an important concept to know for any casino player, allowing him to refine his choice in the online casinos he will use.
What is Payout Rate?
Also called payout percentage, this value allows to know if a casino is more generous than another, in terms of winnings. The game developer provides this indicator in the game options. It is also possible to ask online casino customer service for statistics on payout rates. This percentage is the indicator of the bets that will be redistributed as winnings to the players. This term applies to video poker and slot machines in brick-and-mortar casinos, and in all virtual casinos.
How is it calculated?
TThe payout rate index varies depending on the casinos and the games. For example, French casinos must distribute at least 88% on bets made at table games such as roulette, baccarat, or blackjack. For bets made on slot machines, they must redistribute at least 85%. Here is an example to help you understand the calculation easily. Let's assume that during a day, players have made 5,000 euros in bets during their playing time. During this period, the machine has redistributed 4,500 euros in winnings. To calculate the payout rate, we perform the following operation: (4500*100)/5000, which gives a result of 90%. This percentage corresponds to the casino's payout rate. The casino has thus retained 500 euros out of the total amount wagered. Note that online casinos have a higher payout rate than physical establishments. However, their rate can also vary depending on the nature of the games. For example, the payout rate for American roulette online is around 95%, while French roulette approaches 97%.
Comparison between virtual casino and traditional casino
A 100% player return rate is impossible, as the gaming operator would not be profitable. However, the gaming house has an interest in making this rate attractive. Because, the more bets it receives, the greater the profit margin is for them. As seen previously, online casinos offer a higher payout rate than land-based casinos This difference in rates can be attributed to the expenses associated with operating a physical establishment. Rent, staff fees, and taxes on gambling products are obligations that they must deal with. However, these are less significant for virtual casinos. That is why some online casinos boast a 99% rate. However, this enticing figure mainly applies to slot machines. The payout rate for online blackjack is very low compared to other table games.
Verification of this rate of redistribution to players
The commission that issues the gaming license is obligated to implement the application of this minimum percentage. Whether it is a virtual or land-based casino, the process is the same. They all must submit to regular checks by accredited technicians. Their slot machines are dissected to ensure that their payout rates comply with regulations. Aware of the importance of this value, some casinos present their percentage every month to gain the trust of players. Assuming a casino colludes with the game developer and provides a false payout rate, if this information were to become known, it would be a scandal. The reputation of the online casino would be seriously called into question. That is why independent audit companies have been established, with the most well-known being TST.
The theoretical rate and the actual rate
The percentage of return of bet to the player is calculated over a period where players' bets have reached their limit. However, these statistics are only rarely achieved, as there is a time when the machines are inactive. Furthermore, it is impossible to estimate the number of players or predict when a slot machine jackpot will be won. The term "real rate" better translates this actual return rate of bets paid out to players. This rate can exceed the theoretical rate in the case where the jackpot is too high.
In conclusion, many players choose casinos based on their payout rates. However, it is also important to check if the online casino's software is well-performing. It would also be beneficial to play on a site that offers multiple game variations. For your information, an attractive payout rate for slot machines would be between 95 to 98%.
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