Understanding Payout rates
Payout rates are statistical results that give players the idea of the probability of winning in a particular game. It could also relate to the probability of losing while pursuing for the big win. This is commonly expressed in percentage; the figure in the casino payout rate designates how much of the total wagered amount in a casino is returned to the players on the average.
Online casino provides monthly reports to an independent testing body like GLI or eCOGRA, which releases a percentage payout report. This can be access through the links at the bottom of the online casino web page or in the help section and/or in the fairness policies. These test results are available publicly and shows the average returns to the players who joined in that specific game type during the previous month.
RTP or % Return to Player
On every particular game there is the RTP which is a useful indicator most commonly seen in online slots, though this can also be found occasionally in other games. They function in the same manner as payout percentages but are calculated differently through a simulation of the games. In the slots it is best to check the variance between the possibility of winning and the chance of losing.
House Edge: Understanding
The terminology house edge refers to games that are affected by a player’s strategy. One example is the blackjack. With RTP, it shows the probability and some indicator for player’s knowledge when to bet and where to place their bets. In these cases it pays to be skillful in the game.