Online casinos have gradually become part of the furniture in today’s leisure and entertainment space. This has been particularly so over the past year or two, when so many activities have shifted into cyberspace due to wider global issues.
Wherever you play, the golden rule of casino gaming hold true –the house always wins in the end. We all understand this axiom, but at the same time, we know that some people have luck on their side and manage to beat the odds.
When lady luck decides to shine on you, it’s important to make the most of it, and that means finding a high payout casino before you start playing.
What is a high payout casino?
This is a question that the experts at Casino Senpai have explored at length – take a look at https://www.casinosenpai.com/best-paying-online-casinos/ to find out more. In brief, however, when we talk about a high payout casino, we need to look at two specific areas.
The first is payout percentages, and these relate to the mechanics of the games themselves. They tell you how much of an edge the casino has over you and are expressed as House Edge or Return to Player (RTP). Suppose a casino has a game that involves guessing heads or tails on the flip of a coin.
The odds of winning are 50/50. If the prize for winning is $0.95 for a $1.00 stake, that equates to a house edge of five percent, or an RTP of 95 percent. In table games like roulette and blackjack, the house edge can be easily calculated – for example, on a double zero roulette table, it is 5.26 percent.
On slot games, the payout percentage is usually expressed as RTP, and is a function of the machine’s programming. Naturally, it makes sense to play a game with as high an RTP as possible.
The other area to examine is withdrawal speed, and this relates to the casino platform itself. There’s nothing more frustrating than getting that great win and then waiting while the casino sits on your money for a week.
Opt for a casino that offers fast withdrawals, and keep in mind that the speed might depend on the payment method you use.
Which payment method should you use?
Online casinos have developed significantly since the early days of simply linking a credit card to your account.
In fact, most jurisdictions now discourage the use of credit for gambling, and casinos that allow it will typically charge a significant admin fee. There are far better solutions, both in terms of faster payouts and low or non-existent fees.
eWallets like Neteller and PayPal are popular choices, while the Trustly platform has become a key player in a very short time.
Players love the rapid transaction speed and the fact that it keeps personal data sharing to a minimum. However, the real mover in this area is crypto, which many commentators believe represents the future of online casino gaming.
How to find casinos with high payouts
Identifying a high payout casino means looking past the marketing buzzwords and examining the small print.
- Pay particular attention to the payment methods available, including the speed of payouts and any associated charges.
- Check the Terms and Conditions so you are aware of any potential issues that might block or delay your payment.
- There’s a lot to look at, which is why guides like the Casino Senpai one mentioned earlier are a useful resource. It’s also a good idea to double check the RTP before you start playing slot games.
Why checking the RTP is important
When a developer releases a game, it has a pre-programmed RTP. However, when it appears on a platform, that number might be adjusted depending on the jurisdiction in which the casino is based.
If online casinos are heavily taxed, then the payout percentage will be adjusted to take that into account, and the RTP might be lower than you expect.
Enjoy the gaming and keep the above points in mind to make the most of your next lucky streak!
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