The casino payout percentages are important to know, so that you may choose a spot that has the best payouts and increase your chance of winning. To calculate an online casino payout ratio follow these 3 simple steps.
1. Your first step is to find out how much money the casino has taken in from players.
2. Next, you need to know how much the casino has paid out to players.
3. Finally you take the amount of bets taken in and divide it by the amount given out. You will need to change the amount given out into a decimal to get the correct number.
For example, if the casino has taken in $100 and paid out $970, you take 100 and divide it by .970. The number you come up with will be 103. This means the casino wins 3% of the time. Therefore, your payout percentage will be 97%. If a casino boasts a 97% payout percentage, this means you will win $97 for every $100 bet on average.
Next casino payout I’m buying me a pair. Lol— Aaron Detamore (@aarondetamore) June 27, 2012
It’s important to find a casino that has a large payout percentage. The top casinos will have this information on site and using the above method may not be necessary. If you find a casino that tells you their payout percentage, you simply need to subtract that number from 1oo to find the percentage of times you will win. When calculating your payout you may come up with a long number such as 103.8754.
The decimals will not matter and you only need to use the first 3 numbers to come up with a good number.
Now that you know what to look for when choosing an online casino with a decent payout percentage you will be a step ahead of the game. The average will be around 97% and some as high as 99.9%. If you find other tips relating to payout percentages, please let us know.