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Understanding Casino Payout Percentages

Probably you have heard the words "payout percentages" and "payout rates" mentioned in promotions of both traditional and online casinos. Many casinos are advertising high payout percentages in an effort to attract more customers to play and gamble. Just what is a payout percentage and how can they affect your chances of winning in gambling?

A payout percentage is the percentage of the money paid out to the winners from the bets accumulated. A 95% payout percentage means that 95 cents for every dollar wagered go back to the player and the remaining 5 cents go to the casino.

Almost all casinos advertise the payout percentages for its array of games. When a casino boasts of a 98% payout percentage, it doesn't necessarily mean that every game has a 98% payout rate. Payout percentages vary for each game and for each machine. One slot machine might have a 90% payout while another one has 99%. Some casinos are also very cunning to advertise an "up to 99%" payout rate when in fact, it's the payout percentage for only one game.

Take note that not all casinos feature the payout percentages for every game available. Some games may have low payout percentages that casinos don't bother to advertise. The payout percentage they're advertising may mean the highest payout percentage for all games, not just on one.

Another thing to consider is that the payout percentage is not specific for one casino player but to multiple games and plays. So don't gamble expecting to recover exactly 95 cents for every dollar you wagered if you play on a machine with a 95% payout rate. The payout percentage is calculated from several thousands of plays, so don't be surprised if you bet $100 and you don't recover even a single cent. It will all straighten out in the long run after playing hundreds and even thousands of games.

How can you apply your knowledge of payout percentages to your gambling? First, you should look for the games you want to play. If you go for video poker, then look for video poker machines with the highest payout percentages. Each casino game and each variation has different payout percentages. You should look for your favorite casino games and game variations that have the best payout percentages.

Payout percentages are very important in machine games like slots and video poker, and less important in card games like poker and blackjack, which rely more on skill than luck. Still, you can use your knowledge of payout percentages to increase your chances of winning in the casinos.

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