Most new gamblers think all there is to joining an online casino is finding the best games, bonuses and tournaments, and make sure it is a respectable, secure site. They usually forget about payout percentages. These are one of the first things to check on when visiting an online casino.
Payout percentages are how often the online casino pays out to its customers. Online gambling sites are legally bounded to provide these percentages. They can be hard to find so look thoroughly or contact customer support if you can’t find them. If they are certified and audited by a third party like eCOGRA (eCommerce and Online Gaming Regulation and Assurance), the percentage will be available.
Payout percentages are calculated by adding the total winnings paid out and dividing it by the total wagers. That number is multiplied by 100 to get the percentage. Let us say an online casino takes in $1 million in wagers and pays out $970,000 of that $1 million. The payout percentage is calculated as follows: 970,000/1,000,000 = 0.97 x 10 = 97%. Therefore, the casino pays out 97%. This is a reasonable amount.
Read up at online casino reviews sites like this one to find out where the best payout percentages are. Just make sure they are up to date. Some of the best online casino payout percentages right now include Online Vegas Casino (95.2%), Millionaire Casino (94.6%) and Rushmore Casino (94.1%). Pretty much any online casino has better payouts than Las Vegas, but if you want to find the best percentages, check around and don’t settle for the flashiest one offered.
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