Payout Percentages at Online Casinos

One of the benefits of playing at an online casino is that they will often have a better payout percentage than a brick and mortar casino. And a better payout percentage is good news for you.

A payout percentage is the percentage that an online casino pays back out of the wagers made there. It is calculated by adding up all of the winnings paid out to players and then divided by the total amount of all the wagers made at that online casino; that number is then multiplied by one hundred, and there you go, you have the payout percentage.

As an example, we will say that an online casino has paid out $90,000 in winnings while it was taken in $100,000 in wagers. This is how its payout percentage is calculated:

90,000 / 100,000 = 0.9 x 100 = 90 or 90%

That means the online casino in the above example has a 90% payout percentage. In real life the amount of winnings and wagers made is a lot higher. And most online casinos have a payout percentage higher than 90%.

The reason that online casinos have higher payout percentages than a brick and mortar casino is because they do not have the overhead that brick and mortar casinos do. Online casinos have smaller staffs so they do not have to pay as much in employee wagers, overtime and benefits. Because they take up less physical space their rent is less and their utilities are less.

They also do not have the upkeep costs that brick and mortar casinos have. They do not need to call in someone to fix a broken slots game since the slots game is virtual rather than an actual machine.

When looking for an online casino, check out the payout percentages of those that are out there. Take those percentages into consideration. The higher the payout percentage the more money that is going back to players either in larger payouts or in more frequent payouts.

A higher payout percentage does not guarantee that you will win more, but it increases your chances of winning more.