Unveiling the Best Payout Online Casinos: Where Technology Meets Sports Betting Excellence
Savvy online casino players today who also like to place sports bets tend to only sign up to online sports betting casinos that are well-known for having some of the iGaming industry’s most competitive odds.
They will also only stick to playing at these sites if they are regarded as the best payout online casinos, with hundreds of games from multi-award-winning software providers and game development studios.
Let’s dive straight in to discover more about how online casino payout rates are calculated, which organisations calculate the payout rates, and which online casinos have the best payout rates.
How high are the payout rates at today’s best payout casinos?
Mobile and desktop computer online casino operators today and the software providers/game development studios that make the games must be transparent and regularly publish the average payout rates for the games.
The payout information is usually calculated based on the amount of money wagered in the casino on certain games, how much of that money was kept by the operator as revenue, and how much went back to those same players as winnings.
Anything lower than a 92.00% RTP payout rate is usually considered relatively low, and anything higher than 98.00% is considered high. Although it’s a clever trick by players to seek out high-payout casino sites, it doesn’t guarantee you will win more money at sites like this.
However, statistically speaking, you are more likely to win at an online casino with a high payout rate compared to one with a low payout rate.
How do I know the online casino I just signed up to has high payout rates?
The RTP % (Return to Player percentage) payout rate information is really easy to find. If an iGaming website hides this information, then you should avoid playing there at all costs.
You can normally find the latest RTP% payout rates at today’s best payout online casinos with relative ease. You can often launch a game and then go to its paytable for the latest payout rates.
Alternatively, you can generally scroll down to the bottom of the homepage of a casino site to find the latest payout information.
If you can’t seem to find it, the best thing to do would be to contact the professionally trained player support (either by live chat, email, or telephone) and request the latest payout rates for any games you have been wondering about.
They should be happy to point you in the right direction.
Which online casino testing agencies calculate the payout rates at online casinos?
One of the iGaming industry’s most well-known online casino testing agencies, which regularly calculates the payout rates of the games you play at online casinos, among other important roles, is eCOGRA (eCommerce Online Gaming Regulation and Assurance).
Their systems test the games at hundreds of fully licensed and regulated online casinos over four to six weeks and then publish their findings for all to see. There are several other internationally accredited, non-profit online casino testing agencies whose job is to ensure players are not being cheated in any way.
Examples include the following:
- Technical Systems Testing (TST)
- iTech Global Pty Limited
- BMM Testlabs
- Quinel Ltd
- Global Lab Limited
- Gaming Laboratory International
How are the payout rates calculated?
Let’s take a quick look at a couple of examples of how online slot machine RTP% payout rates are calculated. As well as the systems testing the games for fairness, we can also find out the latest payout rates from how much players have received back in winnings over a certain period based on how much money they spent combined on a game.
A famous online slot machine from Playtech called Jackpot Giant may theoretically have a 97.67% RTP payout rate for a certain period. Let’s just say that thousands of players spent a combined $/€/£3,000,000 on the Jackpot Giant slot over four weeks, and in that time, they received $/€/£2,930,100 in winnings. This is how we get the 96.67% payout rate.
If players spend $/€/£150,000 on the Mega Moolah online slot from Microgaming and Games Global and receive a total of $/€/£143,820 back in winnings in a four-week period, it means this game had a 95.88% RTP payout rate for that period.
All computer-generated online casino games, such as online slot machines, table & card games, video poker games, and scratchies, use sophisticated mathematical algorithm programs and Random Number Generators to produce the outcomes.
The results they produce each time you hit the spin/draw/deal/play button are designed to be as fair and realistic as possible.
Multiple trusted online casino testing agencies frequently test the RNGs used to determine the results/outcomes to ensure fairness for online casino players.
Conclusion
AskGamblers is the world’s most trusted iGaming review site. It has the latest reviews for thousands of fully licensed and regulated iGaming sites, all of which have been carried out by an expert team of researchers with years of experience.
The four best payout casinos currently featured on their website are Luckster Casino, Videoslots Casino, Magic Red Casino, and Mr Play Casino.
If you’re specifically interested in only signing up to an online casino with higher payout rates than the rest, then you may like to try one or more of these sites before signing up anywhere else.
