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Beginners Guide to Online Gambling by Jerry Whittaker…
The Gambling Wiz        
Online Gambling Guide in your language: Online Gambling | Spanish  Online Gambling | French  Online Gambling | German  Online Gambling | Italian  Online Gambling | Dutch  Online Gambling | Portugese  Online Gambling | Russian  Online Gambling | Chinese  Online Gambling | Korean  Online Gambling | Japanese
"Online Gambling Beginners Guide focusing on the basics of online gambling games for those new to Gambling Online."
- Jerry Whittaker        
 

Are Casino Payouts Important?

In a word, Yes! However you must understand how they are derived and how to properly use them to evaluate a casino.

How are Casino Payout Percentages Calculated?

Casino Payout Percentages mathematically are:

 

Total Payouts in a month divided by the Total Wagered during the same month

or

Total Monthly Payouts/Total Monthly Wagered Bets=Casino Payout %

 

For example, for the month of June a casino paid out $9,800,000 on bets of $10,000,000, then the payout percentage for June would be 98% or $9.8 million divided by $10 million.

 

So I should only play at casinos with the highest payout %?

Not necessarily for the following reasons.

  • If a casino has a very small player base, then the payout percentages will vary wildly from month-to-month.

  • If a huge progressive jackpot was paid out during the month then this would skew the payout percentage higher.

  • There can also be a huge deviation in the payout percentage for slots and poker. For example, the payout percentage for slots could be low, say 80% while the payout percentage for poker could be high, say 102% and mathematically the overall payout percentage could work out to a respectable 97%.

Online Casinos, like land based casinos, make most of their money on slots (pure chance), while making less money (or even losing) on games involving skill like poker and blackjack. Remember, the payout percentage listed is always at least one month behind and past percentages are not indicative of future payout percentages.

 

What else should I know?

Most of the casinos whose payout percentage that I list, are audited by an accounting firm like PricewaterhouseCoopers.

 

What is your recommendation for selecting a casino?

Start by reviewing my Casino Payout page which lists casinos by overall payout percentage as well payouts by Slots, Poker and Table games. I update this page each and every month so you always have the latest published payout results. Then:

  1. Select a casino with an overall payout percentage of at least 95% or higher.

  2. Select a casino with fairly consistent percentages from month-to-month.

  3. Depending on the type of game you are playing, select a casino with higher payouts in that category. For example, if you play slots, select a casino with higher than average slot payouts, etc.

Remember, any of the casinos that I have listed are operated by management teams that I can trust and so can you.

 

 
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Remember, you can beat the odds, but you can't beat the percentages.
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Beginners Online Gambling Guide featuring Best Online Casinos,
Online Gambling Payouts and recommendations for Gambling online