When it comes to online gambling, the critical factor experienced players look for is a return to player (RTP). This figure represents the amount of money paid back out to players over time, and it varies significantly from casino to casino and even between different games within the same casino. For example, one online casino offers an RTP of 96% on its slots games, while another provides an RTP of 98% on the same game. At first glance, this is a slight difference. Still, over time, and significantly when large amounts of money are being wagered, this small percentage point impacts players’ returns.
House edge and payout percentages
To fully grasp the concept of payout percentages, it’s essential first to understand the idea of ‘house edge’. The house edge is the opposite of the RTP; it represents the average profit the casino can expect from a game over time.
For example, if a casino game has a 5% house edge, the casino will keep $5 as profit, on average. In this case, the RTP would be 95%. Over millions of spins or plays, the game will return $95 to players for every $100 wagered. It’s important to note that the house edge and RTP are theoretical averages, and in the short term, anything happens. Players do win in the short term, but over extended periods of play, the house edge will usually assert itself, and the RTP will even out.
Key factors affecting payout percentages
Now that we understand how house edge and RTPs work let’s look at some of the main factors that influence why some online casinos offer higher payout percentages than others:
- Competition and player attraction
The fundamental way that casinos try to attract new players is by offering higher payout percentages. This is especially true for strategic and disciplined gamblers. High rollers, for example, tend to seek out casinos with higher payout percentages, as they know that even a tiny increase in RTP can result in significant returns over time when large sums of money are involved.
- Game selection and variety
Table atas games like blackjack and baccarat tend to have a higher RTP than games like slots or keno. A table game’s outcome is influenced by skill and strategy, which can improve a player’s odds. Games with higher RTPs will naturally have a higher overall payout percentage. Some casinos might specialize in a particular type of game, such as slots, and therefore afford to offer higher RTPs on those specific games to attract players who prefer spinning the reels.
- Software and game developers
Reputable casino software providers often allow operators to adjust the RTP settings on their games to a certain degree. This means two different casinos using the same software provider might offer slightly different RTPs on the same game. Some software providers are known for developing games with higher RTPs overall. Casinos that partner with these providers offer more games with higher payout percentages, which is a big draw for players.
- Operator overhead and costs
Like any business, online casinos have overhead costs that they need to cover to stay operational. Casinos with lower overhead costs offer higher payout percentages as they don’t need to generate as much revenue to cover their expenses. This is often the case with smaller, independent casinos that don’t have the massive marketing budgets of some more prominent industry players. So, the next time you’re looking for a new online casino, consider the payout percentages on offer and choose a casino that provides the best value for your style of play.