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Payout percentage

Payout percentage

 

The ultimate goal of gambling is to win money. At least, that’s what we here at AllOnlineCasinoSlots think. It’s always fun to play for a bit, but it is the most fun if you end up with some extra cash.

This is why at least some knowledge about potential winnings and possible losses is indispensable. Naturally, in the long-run, it is the casino gaining money and you losing money. If this weren’t the case, casinos would not be able to make profits. However, in the short-run, you can beat the casino. Logically, playing slots with a high payout percentage provide greater chances of winning than slots with small payout percentages.

What is a payout percentage?

A payout percentage is a number that shows how much money you are expected to get back considering how much you have wagered. Let, for example, the payout percentage be 97%. This means that per euro that you play, you are expected, in the long-run, you get 97 cents back. Do bear in mind that this only holds for the long-run. If you were to play for, say, ten years, then 97% would be likely. However, in the short-run, you actually might just win.

How do I figure out what payout percentages a slot has?

Casino websites usually have a page on which they give an overview of all the payout percentage for every game. It does vary per website how easy it is to find such an overview. In case you cannot find it, make sure to contact their customer service. They will help you out.

It is important to know that the casinos themselves do not determine the percentages. Namely, casinos are just a platform in which they offer software (games). Casinos do not produce the software, thus games, themselves. Software developers build games, and developers determine the payout percentage. For online slots, it usually lies between 95 and 99%, which is not bad for you as a player.

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