From Casino Articles

Understanding Casino Payouts

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Talk to three different people about casino payouts and there’s a really good chance they’ll actually be talking about three different things. The term “casino payouts” can be as confusing as they’re/their/there (especially if you’ve never paid attention to grammar). But if you understand the context of the casino payout discussion you’re eavesdropping on, it’s a no brainer. Today, we’ll explore online casino payout percentages, table ratios, and withdrawals to help you understand the complex world of casino payouts.

Casino payout percentages

As you hunt for an online casino to park your chips at, you’ll see different sites boasting different payout percentages. Usually, online casino payout percentages hover between 95% and 98%. If an online casino has a payout rate of 97%, it doesn’t mean that you’ll win 97% of the time. Instead it means that, overall, the casino gives 97% of all combined bets back to players. So if an online casino takes in $150,000 a day in bets, $145,500 is given back to online casino players.

Casino payout ratios at the tables

If you hear players talking about good and bad casino payout ratios at the tables, chances are they’re talking about individual hands and whether the payout ratio is worth it.

In Blackjack, for example, you’ll find different casino payouts based on what hand you beat the dealer with. If your hand beats the dealer’s and neither of you hit Blackjack, you’ll get paid out 1:1. That means for every $1 in chip you bet, you’ll win $1. Unless you’re playing $1 tables at O’Shea’s in Vegas, you’re probably betting more than just $1. So, let’s say you bet $100 on a hand of Blackjack, you’d win $100 if your hand beats the dealer. If the dealer busts and you stay alive, the same 1:1 casino payout ratio applies. And if you hit a Blackjack—and the dealer doesn’t—you’d earn a casino payout ratio of 3:2. That means for every $2 you put down, the dealer ships $3 your way. So, if you bet $100, you’ll win $150.

Payouts and withdrawals

Payouts and Withdrawals

Hop on any online casino or online poker forum and you’d likely find people associating bank wires and checks with casino payouts. In those threads, they’re probably talking about casino payouts as they related to withdrawals. You might hear things like, “They have the fastest casino payouts I’ve ever experience,” or “That poker site has the slowest casino payout department.”

The bottom line on casino payouts

Deposit Bonuses

No matter how you look at it, casino payouts are all about getting paid. But you can’t experience a casino payout if you don’t make a deposit. So look for a deposit bonus and pump up your winnings before you hit the online casino tables or slots.

Gemma Sykes

Gemma is not only a great game player who enjoys casino halls, she is also a great jazz dancer. She has a very keen interest in the way things work, her curiosity got her a job on online gambling industry as a writer. Always looking for new and fun ways to do things and still have time for the spotlight.

  • Jojo5644

    why does it take prisim casino and any casino in the virtual lgroup over 6 weeks to get a person their winnings? i have played online for over 9 years now, in canada we have been gambling forever it seems, i have actually won in the 5 thousand dollar range, and as i put through my withdraw request i handed in my documents that nite as well, within 6 business days including the nite i had won and sent my docs in , i recieved my cashiers chque, that is right 6 businesss days and that includes the time to look at my docs, when i won a little over 4 hundred at prisim it took me over 6 weeks to get my money , and they already had my docs, not only that but it took over 4 months of me ssending daily emails with my docs and sometimes 2 or 3 emails every day for them to actually even ackowldge they had them, i could have only imagined my frustration level if i would have won during those first months when they kept losing my docs or doing whatever with them, so please someone tell me why it could possibly take so long for this group to pay, of course i asked and asked but never ever got a reply,
    as a side note, i have on many occasions noticed that those casinos with the better customer service also seem to have the better and faster withdraw down as well,, just goes to prove that competency is from top to bottom

    jb

  • Cindy

    Dear Jojo5644:

    Kindly provide me your Prism Casino username and I will be glad to check your payout status with their Withdrawals Department. Unfortunately as you may Due to current banking and processing issues in the online gambling community, payouts process became a bit slower than we would like to. In most cases, payments will be made within 7 –10 business days of approval; however there could be slight delays from time to time. Please feel free and contact me back via email cindy@gwages.com and I will be getting back to you accordingly ASAP

    Cindy Greco