Canadian online casinos don’t only offer a convenient way to enjoy an array of casino games from slots to blackjack, video poker, craps, baccarat and everything in between but they are the perfect medium to make money as well. And with that comes the question of payout percentages. For the most part, the mechanics of the games are both in the land-based and virtual worlds although you need to be aware that the odds at online casinos favour the player. And a less house edge translates into a better payout percentage. At Casino Listings we will help you learn how to pay more attention to payout percentages at online casinos.
At Casino Listings we believe in making things simple for our readers so if you are confused and have any doubts about payout percentages we are here to help you understand better. The objective is to get you to play smart and potentially rake in some winnings as well.
Payout percentages, also known as RTP or Return to Players, indicate how much of the amount that is placed on bets at a casino is paid out as winnings. For example, if the casino publishes a payout percentage of 95.50% on all casino games, it means that for every $100 wagered at the casino $95.50 is paid out as winnings while the casino retains $4.50 as its earnings, which is effectively the ‘edge’. This only demonstrates the winnings paid out and does not necessarily mean that every player will receive $95.50 back for every $100 spent.
When it comes to online casinos, the old maxim that the house always wins is true. And much of it involves payout percentages which are available for 2 reasons, which is the overall payout percentage by the casino and individual game percentages provided to players and published with every game. Gaming providers like Microgaming, Playtech and Cryptologic install the RNG or random number generators that randomize the outcomes of all the games to ensure fair play and provide the casino a slight edge which around 2 to 5%. The RNG must be tested and certified by an accredited testing lab.
Audited payout percentages are those in for which the RNG or random number generator for each game is evaluated and certified by a third party independent testing facility. This is one of the best ways to determine the credibility of the online casino. Checking that the payouts are audited by a recognized authority like eCOGRA s what our experts always recommend. It is similar to companies on the stock market who need to be regularly audited. Some online casinos publish unaudited payout percentages, which mean they are not audited and certified so there is no guarantee to determine if they are authentic. Rest assured Casino Listings is where you will find only the best Canadian online casinos that have their payout percentages audited.
Table games are known to offer the best payout percentages with Blackjack leading the list with the best odds of winning. Usually the house edge is around 1% or even as low as 0.13%. It is important to note that it is easier to win since you are playing against a dealer and not other poker pros.
Craps involves different types of bets but has the second best odds. Its low house edge between 0.60% and 1.2% allows it to return higher payouts. Pass line bets are what make players earn a small return. Experienced players can add more bets to their mix and earn a higher payout.
Roulette also has some of the best odds of winnings even for the beginner. Each player bets on their favourite numbers and win if their number is picked when the dealer spins the wheel. The house edge is usually 2.7% for single zero games and 5.26% for American roulette and its double zero.
Casino payout percentages are usually published on the respective casino’s site. Reputed and trustworthy online casinos display the payout percentages along with licensing details. If the RTP is not available online then it would be prudent to contact the casino’s customer support staff for details. Some software providers such as IGT and Net Entertainment publish theoretical RTPs that can be found in the payout tables or on dedicated page.
It is mandatory for online casinos approved by regulatory bodies like eCOGRA to have a link to RTP reports every month. Some of the other reputed regulatory bodies include Technical Systems Testing (TST), Certified Fair Gaming (Elliot Jacobsen), Gaming Associates, and BMM International, to name a few.
Leading online casino software providers such as Microgaming, Playtech and Net Entertainment have stringent processes to ensure their random number generators and RTPs are protected. They do not permit casino operators to alter the payouts on any of their games. Therefore, you are likely to win on one of these games. A majority of their games are in the 96%+ RTP range. These providers also have their games independently tested and audited by reputed testing labs such as GLI, TST and eCOGRA. There is usually no reason to question the accuracy and efficacy of their reports.
As explained, payout percentages are important when it comes to online casinos. At Casino Listings, our experts make sure to research every report in order to help us recommend only the best Canadian online casinos. There are many questions that we address when it comes to RTPs. First is if the casino’s listed payout percentage is reliable, which can be found by means of a verification certificate from a reliable independent third party like eCOGRA. This is an assurance that the casino is dedicated to providing arbitrary outcomes with genuine RNGs and appropriate certification that is renewed on a regular basis.
The second factor is what constitutes a good payout percentage, which is not very easy to answer. Remember, it is important to analyze not just a single month’s RTP but a period of at least six months to determine a reasonable payout percentage. Our experts tell us that an RTP of 96.5% and higher is the accepted norm. Pay close attention to this and we are sure you will be able to enjoy a better all around gambling experience.