What is a Payout Percentage?

Online casinos are basically termed as platforms where gamblers are allowed to play and wage on a wide selection of favorite casino games through the internet. Online casinos have other names like virtual casinos or internet casinos. Online casinos are actually the modern version of the traditional casinos which are commonly known as brick and mortar. The only difference between the two is that players play and wage on online casino using the internet. Generally, we can differentiate online casinos from the traditional type because they offer high percentage odds and payback. This is what stands out between the two.

If you have keen as an online slots player then you can’t miss out on the term payout percentage. This is a useful piece of information when you think about slots and most of times players have a misconception about this term. It is essentially important as an online casino player to understand the meaning of this term so that you don’t have unrealistic expectations when it comes to how much is expected from the outcome on a slot in any given session.

So what is payout percentage?

What is casino payout percentage? In its simplest definition, payout percentage in online casino may be used to refer to the total average sum of money a player is guaranteed to be awarded in the form of winnings in regard to what the player used to stake. What is considered here in most cases is the average amount. There is always no guarantee for the payout percentage to determine how much the player is going to win in a single session or even up to 100. However, what makes your chances of winning is the times you spin for your results to get much closer to the payout percentage of the machine.

Players in online casinos are always favoured by higher percentage, for example, if you happen to have an online slot which you have chosen and it has a payout percentage of 90%. You then make a wage of say $100 on average you will receive $90 in return from the slot machine in regard to the winnings. This shows clearly that the player in this case is highly favoured due to the higher payout percentage.

Online casinos however have a way of creating an advantage in the rules that involves the game. This is usually included in the casino payout percentage and is applicable throughout all casino games and not on slot machines. Note that this is always an average and there can be a possibility of having a big jackpot in just a single session and sometimes ending up on the negative side. Online slots are favourites by many players because of the payout percentage that can earn you a very big win.

Structure of payouts – what are they?

In any online casino slots machine, besides understanding the slots payout percentage, the player also needs to understand how the payout of the slot machine is structured. In this case, we can take a simple example; let’s say we have a certain slot machine which has a 98% payout percentage. Then the slot machine itself is determined to generate revenue of around 1,000,000 within a month from online slot players playing 1,000,000 spins within that period.

What means in this calculation is that the casino gets 2% of the revenue received while the 98% that remains is for the lucky winner in the progressive jackpot. Online slot games like roulette, baccarat, scratch cards, lotto, keno, black jack and many more have a possible of bringing massive wins if you become lucky. This therefore sums up what percentage slots payout have.

Which games have the best payout percentage?

As mentioned earlier on in this review, playing any game of chance you stand a high chance of having massive wins for casino players. Such games should be played for what they are and they include the following:

Mega Moolah

Mega Moolah is one of the best games that have the best online slots payout percentage. It is a 25-playline progressive slot which is powered by Microgaming software, one of the leading and popular software providers in the casino industry. The scatter that triggers free spins is in a form of monkey symbol while the wild card that features a Lion is what doubles wins. It is considered one of the best because it offers ways in which players can win a progressive jackpot within the bonuses which are randomly triggered.

Book of Dead

Book of the Dead is a video slot that is powered by the Play’n GO software. It has 5 reels as well as 10 paylines and has the Ancient Egypt theme and their culture. The game is all about the explorer who is a Rich Wild with his adventures. The reels are brown in color and are set against the golden ornate frame.

Before you start playing the game, players are advised to set their bets first in the best order. The bets then are regulating by simply hitting 3 buttons that include coin value, coins and lines. The three buttons can be combined to increase chances of winning. Players can set maximum wager through bet max option and then automatically spin the reels on the bet. The Autoplay option allows the reels to turn for a number of times they are selected with no interruption. The book symbol features the scatter as well as the wild and when it acts as the Wild, it replaces any symbol and a player can form a winning combination. It is considered one of the best because it is a high variance slot and has the highest resemblance to Novomatic.

Gonzo’s Quest

Gonzo’s Quest is a video slot that has a marvellous design and runs on NetEnt software. It features 5 reels and 20 paylines. It is based on a story of conquistador Gonzalo Pizzaro. Before you start playing the game, the player needs to set the bets in a desired range. The game has a variety of amazing features and one that comes outstanding is the Avalanche Multipliers. The reels in this slot machine move in a cascading way which is similar to an Avalanche. When an Avalanche is triggered in this game, the player wins a multiplier.

The multipliers are usually displayed above the reels and are ion the form of x1, x2, x3 and x5. An initial Avalanche awards you x1 multiplier, the second avalanche offers x2 multiplier, the third avalanche offers x3 while the 4 or more avalanches awards x5 multiplier. This slot game has an RTP of 96% therefore lies in the average category of slots of medium to high variance.

RTP Explained

Return to Player percentage (RTP) is a common term used in casino and is used to refer to the percentage of all money staked a slot machine or VLT has to pay back to gamers over time. Since RTP is expressed in percentages, it therefore implies that if the percentages are high, the winnings can be extended to very longer periods of time. Each slot features its own RTP which applies to online casino in regard to the average value of the percentages of the RTP of all casino games in their appropriate assortment. It is important to understand that RTP is a statistical average. It is therefore of great importance to choose machines that offer a higher RTP.

Final verdict

Smart online players have the reasons to look for the best slot machines which have the odds so that they can play for entertainment which is usually what most slot players prefer. It is also very important as a smart gambler to have the best chances of winning which is the best way of making sure that you are earning the best value you need for your money.

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