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
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
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.