Your Guide to Odds and Getting the Best Payouts
The online casino world doesn't only offer a convenient way to enjoy your favourite casino game; indeed, if you're also looking for a way to make more money then it's the perfect medium. Although the mechanics of the top casino games are the same in both the live and virtual worlds, the odds in the virtual area are often more in favour of the player. Thus, if you want to face less of a house edge and win more money, it usually pays to ply your trade in the online casino world.
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Why Online Casinos Offer Better Payouts
Fast and secure payouts make for a great all-round online casino experience. Stick to regulated sites with a trusted reputation for delivering on both and you’ll be in good shape.
Before we delve into a matrix of numbers to show exactly how online casinos are more profitable than live establishments, it's important to look at why this is the case. Although the games on offer are essentially the same in both arenas, the one major advantage online casinos have is that they aren't restricted by space. Although some live casinos are huge, the floor space they have isn't unlimited which means they have be selective with the games they offer.
In contrast, online casinos don't have the same restrictions and this means they are able to offer more variations of a single game. Thus, while a live casino will generally pick one or two variants of blackjack (often based on their personal preferences), an internet gaming room will often have a variety of different games.
Moreover, some live casinos will often be subject to local gaming regulations that can often restrict the style and format of a game. For example, North American roulette has a slightly different structure than European roulette and because of this the latter is a more lucrative option for players. These geographical factors don't have an impact on internet casinos simply because they exist in virtual space without borders.
When putting these factors together into a single platform it becomes clear that freedom is the main reason why online casinos are more profitable than live venues. Because a player has more choice and isn't bound by certain local restrictions, it means they are able to offer players a greater range of payout options which is something a live casino cannot do.
A Look at the Odds
Now we've established why online casinos have the ability to be more profitable for players, let's take a look at some of the top casino games and look at how much of an edge (advantage) the house has:
|Video Poker||Jacks or Better||0.46%|
|Casino War||Go to war on ties||2.88%|
|Surrender on ties||3.70%|
|Bet on tie||18.65%|
Breaking down the Games
At this point we know online casino games offer better payouts for players than live games. We also know the odds associated with four of the top casino games in the world, so now we need to break down each game and explain why you can win more money from them in a virtual setting.
Online Blackjack Odds - When you play blackjack in Las Vegas the games will often have the stipulation that the dealer has to stand on soft 17 and players may double any two cards. Moreover, re-splits are allowed making it relatively profitable. Another important thing to note is that live blackjack games often use six or eight decks. In contrast, online casinos will spread games with a variety of decks in play and this can range anywhere from one to eight.
For every deck you add into the game the house edge increases by roughly 0.02%, so when you have the option to play a single deck game online it naturally means you have more chance of winning than if you were in a live setting. Thus, if you contrast the 0.28% house edge in a liberal Las Vegas game with a double deck game online, you'll typically encounter a ratio closer to 0.12%. When you consider this difference in real terms, you'll find your average payout will effectively double.
Online Roulette Odds - As we've noted, roulette comes in two distinct forms - single zero and double zero - and the game you choose will have a significant effect on your chances of success. In a live setting you're often bound by the geographical location and the casino's preferences, however, in the online world you can often choose between either format.
So, looking at the stats, we can see that in a single zero game you'll be exposed to a casino edge of 2.7%. In contrast, a double zero game affords the casino a 5.26% advantage which is obviously a significant difference. Indeed, if you were betting $10 per hand this would essentially mean that you'll lose $2.70 per spin in a single zero game and $5.26 in a double zero game. What this shows is that the power of playing at an online casino gives you the chance to take the more lucrative option and play single zero roulette.
Online Baccarat Odds - In a game of baccarat betting the bank means you can gain a 1.36% edge over the casino, compared to a 1.36% disadvantage when you bet on the player. However, casinos aren't in the business of giving money away they impose a 5% tax for betting on the bank. This means that when you combine this tax with the edge gained from betting on the bank, you're left with an overall house edge of 1.17%. Although this is still very much in the casino's favour, you can see that it's actual more profitable that betting on the player hand.
Online Casino War Odds - The final game in our comparison of live casino payouts versus online casino payouts is the single card game: Casino War. Essentially this game is neutral for the most part but when you factor in the situation of a tie you begin to see where the house gains an edge. It's at this point your decision will influence how much you win over time. In essence, going to war has a greater expectation than surrendering; however in some live games going to war with certain ties isn't possible. However, online it's always an option so when you compare them side-by-side it becomes clear the online casino war offers a far better payout ratio than its real life counterpart.
Online Video Poker Odds - In our table of casino game odds we showed you that Jacks or Better video poker has a house edge of 0.46%. Although these odds are favourable in comparison to other casino games, they can be improved on if you choose to play online video poker. Indeed, because online casinos often have more variants of the game - such as Deuces Wild, Aces and Faces or Double Bonus Poker - it's possible to achieve better payout ratios. To prove this, here are some of the common expectations for a range of online video poker games:
Online Slots Odds - Online slots have a variety of different types and variants from different game themes to numbers of reels, all the way to number of paylines and wager-activated game features. It's a fact that online casinos offer over a 95% payout which is substantially higher than any live casino!
The odds for specific slots are always tied to the different symbols and amounts of winning lines there are so it's worth it for you as a player to check out the pay table before you play. This will guarantee the best experience possible when playing for real money at our listed casinos.
|Jacks or Better||99.54%|
|Double Joker Poker||99.96%|
|Aces and Faces||99.85%|
|Double Bonus Poker||100.17%|
Playing a casino game in a live setting is a great experience, but if you really want to increase your bankroll then you simply have to play online. Aside from the games being faster and the betting conditions being less expensive, the top online casino games have a greater expectation for the player. Because operators are free to spread a variety of games and aren't bound by local laws it means players have more choice and, thus, more chance to take favourable spots and make a lot more money.
What is a payout percentage?
Payout percentage tells us the amount of money wagered at a gambling site that goes back out to its players in winnings. The higher the percentage, the more people are winning and the better your chances are of coming out on top.
What is classed as a good payout rate?
Anything from 97% and up is considered a strong payout rate for online casinos. Once you get into the 98-99% territory, you’re really into the top sites for payout in the business.
Which casinos payout the most to players?
The five casinos we’ve listed on this page all deliver outstanding payout percentage to their players. Our top spot belongs to Planet 7 Casino in light of their 98.11% payout percentage. This is a spectacular rate of return and one that deserves your attention!
Does the amount I withdraw affect things?
This varies depending on the site you’re playing at and the banking method you use. Some banking methods will take longer to clear larger amounts for your use when you make a payout. Also be wary of fees associated to withdrawals and be sure to calculate the most cost-effective approach.
Is there a minimum amount I will need to withdraw?
This will vary depending on the site you play at. Typically there will be a minimum withdrawal limit set, but it will still be a relatively low amount. Be sure to check your site’s terms and conditions before making a withdrawal.
How fast will the payouts be?
Some sites can process payouts inside 24 hours if you use e-wallet services. Others you may be talking about 1-3 days. Some sites take longer – maybe even up to 10 days. Payout speed depends on a number of factors, including the site you play at, the method you use and whether the site requires any additional information.