Is it all doom and gloom for the player? No. You can always shift the odds to your favour by placing specific bets that could lower the house’s advantage over the course of a game, thus potentially increasing the payout percentage. We should be clear about this though; This is only feasible when it comes to certain table games.
There is nothing one can do to help things go in the right direction when it comes to online slot machines and sports bets. If anything, having a solid bankroll management system is the key to ensuring a more enjoyable and smarter way to wager real money.
For every real money bet you place, there is a percentage that states how much you will win and lose. How does it work with professional poker players who own private jets, when it can take beginners ten minutes to lose their entire bankroll?
It is evident that an element of skill still plays a pivotal part when it comes to online gambling. We call these casino games ‘Skill Games’ and the games of chance, ‘Luck Games’, since how you play can influence the outcome and potential payouts.
All of the Card and Table Games, on the other hand, are considered to have an element of skill. The only exception to the rule is sports bets, which are now offered at a lot of new online casinos. If you know a lot about the sports, you can accurately predict who is going to win a game thus aiming for a top payout. Knowledge will give you an edge over the house, so the online casinos include the odds in your sports bets, using something called an Implied Probability.
You also need to know about the RTP – Return to Player, House Advantage, and how to calculate different types of Odds. Knowledge is your best tool for making smart decisions and raking in wins.
One thing is for sure, and that is, online casinos have better odds than their land-based equivalents. Since online casino operators have no overhead costs, they can afford to give their players more casino bonuses, promotions and even some of the best payout slots.
Similarly, you won’t be able to know the RTP rate on slot machines when you are at a brick-and-mortar casino. For example, it is known that slot machines with low RTP are placed by the restrooms. Additionally, casinos have bright lights on to make players lose track of time and they are also bestowed upon with various drinks and freebies, to impair their good judgement.
And even the top online casinos have none of these tricky elements in place. Sure, you are provided with a wide range of promotions and offers, but without the many distractions on land-based casinos, you are more likely to reach a good decision with a sound mind.
Percentage Fractions or Decimals?
How the odds are determined is largely reliant on the country that the online casinos are based in and the history of the casino games offered.
One clear example is that many different ways of displaying sports bets odds, some are given in decimals rather than fractional, for instance. A 1% return minus stake can be expressed as 1.01 and 1/100.
Odds essentially all work in the same manner, though presented differently, which can take some time to get used to. The Return to Players rates for online slots and the odds for table games such as Blackjack, Poker and Roulette are normally supplied as payout percentages.
Understanding the House Edge
Also known as the Casino Advantage, the House Edge exists in every casino game available both on land and in the online realm. The House Edge is the product of the casino games themselves and not set by the online casinos.
Even so, every casino needs to make a profit, and this is where the house edge plays an important role.
The House Edge equates to the percentage of the player’s original bet, which is converted into the casino’s profit. This is important to know, as the house edge varies from one game or another, and it can help you determine whether the odds are good or not.
Normally, the house edge stands between 2 and 3%. Anything more than that and you are risking big time. Essentially, the top payouts are at the online casinos or casino games with a very small house edge.
Playing casino games with lower edges doesn’t necessarily guarantee that you’ll see real money but can certainly increase your chances of winning.
Now that you understand the difference between the house edge and the payout percentage, which casino games have the best odds?
Alas, most players fail to notice that the casino games with the best odds, in general, are most types of card and table games. Some players tend to shy away from these games, especially when they are playing against a real live dealer.
However, this is where an element of skill comes in and can help fatten your bankroll with more chances of winning, provided you make the right decisions at the live casino tables. This does not mean, in any way, that there is no element of luck. If you are dealt a bad hand, that has mostly got to do with bad luck, rather than skill.
One of the world’s favourite casino games might surprise a few with its superb odds of winnings. With a high 49%, the odds are good, and top payouts can be expected. The main aim of the game of Online Blackjack is to build a hand that comes as close as possible to a total of 21 without going over and beating the dealer.
To increase your chances of winning at this game an element of luck and a strong degree of skill are required. That being said, the odds of the house and that of the player are relatively on the same level.
The odds are pretty easy to work out, and all you need are basic math skills to work out that there is a 4/52 chance of any single card coming up -1/13 if it is simplified. You can then apply basic mathematics to work out the chance of going bust or taking some real money home.
If you are aiming to play blackjack online, we always recommend that you play the live dealer version over the RNG games. The cards are shuffled live on camera and there is a high level of authenticity.
With close to 50%, online roulette is another strong contender. The main aim of the game is for you to guess the correct number or colour the ball will fall on after the wheel stops spinning.
Betting red or black in roulette normally carries odds of 48.65%, but betting on a single number in European roulette decreases your chance of a successful outcome to a mere 2.7%. The House Edge on a single number bet and most other bets in American roulette is 5.26%, making it one of the casino games with the lowest return to players.
This is only going to make sense to you if you have played online roulette, but you can generally work out the house edge by dividing the number of zeros on the wheel by the number of pockets, and most wheels have two more pockets than they need to be even. There are so many variations of roulette, and this is only the most basic look at roulette odds
This is only going to make sense to you if you have played roulette, but you can generally work out the house edge by dividing the number of zeros on the wheel by the number of pockets, and most wheels have two more pockets than they need to be even.
There are so many variations of roulette, and this is only the most basic look at roulette odds. Read our Online Roulette Guide to find in-depth information and top casino sites.
Roulette is more luck-based, so there is very little skill involved. Of course, playing European Roulette over American Roulette offers you better chances of winning.
When it comes to online craps, you must predict what the result of the dice roll will be. A Craps table has some of the best odds in the online gambling world. The pass line bet pays at a house advantage of 1.41% and backing up your bets is the only bet that we can think of to increase your chances of winning some real money.
The ‘don’t pass line’ bet is actually better than the ‘pass line’ bet with a house edge of 1.40%. The bets in the middle of the table have some of the worst odds in the casino games, and that is a clear example of how playing a little differently can improve your overall house advantage throughout a game.
The reason that so many high rollers gravitate towards Baccarat is that it has little house advantage thus having higher chances of winning real money against the casino. It mostly has to do with the James Bond franchise, which has glamorized this game.
Most online casinos offer baccarat tables with a live dealer so you can have a more immersive online gambling experience.
In terms of odds and payout rate, the best you can do in baccarat is to bet on the banker at a house edge of 1.06%. If you bet on the player you play at odds of 1.24%. The banker wins a little more than the player because of pushing ties and this is reflected in the odds.
Odds in the game of Poker can get quite complicated and the only way to fully comprehend them is by studying them in order to improve your game. The odds are different for each hand because there is a different probability of each hand losing. Despite that, it offers some of the best payouts out there if you win.
There are all kinds of the theories and rules used to calculate different poker odds and even specific rules in certain poker sites. You might have heard players talk about counting the outs, but there are endless online poker odds that you can learn. The chance of each hand winning, or memorise that there is a 0.0032% chance of being dealt a royal flush.
Video Poker, like the best payout slots, uses a pseudorandom number generator to create the appearance of randomness. When you shuffle a deck of cards there aren’t 52 to the power of 52 combinations as we incorrectly hear quoted but 8×10^67 combinations. This makes online poker safe and gives fair chances of winning to all players.
That being said, they can get close enough to fool anyone. The RTPs of video poker are often around the high 96% – 99% mark. The computer is playing even odds, with only a slight advantage. This is much better than the odds you are going to get playing poker at a top casino, and you don’t need to get out your good jacket and also, online poker tables are always available.
When online slots were initially developed by established casino software companies, such as Microgaming and IGT, the RTP (Return to Player) stood at around the 80% mark. These days, the RTP is much higher and more competitive. With more casino games being released so often, the average RTP stands at a high of 96%.
RTPs are significantly lower for progressive jackpot slots. It is common to see RTPs at 90% and a low 80% because the appeal to play them is high. The cut to the RTP, compared to the regular online slots, is fed straight into the progressive jackpot.
It is important to keep in mind that slot machines with many features like Free Spins, Wilds, Sticky Reels, and many other rewards that make a slot entertainment, may have a lower RTP value, thus a lower return to player.
How is RTP Calculated?
Return to Player (RTP) is a percentage of the bets that players are likely to win back over a specific period of time playing casino games.
A higher Return to Player will win you more real money statistically over time. It will also keep you playing longer which gives you more chances of winning at a top casino.
However, don’t confuse the Return to Player with the Hit Frequency, which is a measure of how often the slot machines land a winning combination.
A lot of wins is sometimes perceived as a good thing, even when most of these wins are at or below the bet size. The hit frequency has nothing to do with the RTP, but it can be an indication of significant short term volatility in certain casino games.
None of this would be possible without the Random Number Generator. An RNG ensures that a slot game cannot be rigged. These produce fair and impartial results without any interference from the online casinos.
The outcome of a sporting event isn’t determined by chance, and for this reason, the odds in sports betting sites are a little different. This is most noticeable in how the odds are included in the payout percentage for a win.
If you bet on the favoured team, you will win less than if you bet on the underdog and they win, but you are betting against bookmakers that are paid a lot of money to accurately guess the winner. The payout percentage is higher but the probability lower.
The odds given by bookmakers are called the Implied Probability for a good reason. The bookmaker can only make an educated guess and assign a number to it. This lets you shop around for odds that you think offer more chances of winning.
If Barcelona is set to play Valencia, and you think that Valencia doesn’t stand a chance, but you find a bookmaker that disagrees and thus betting on that casino site and winning will result in a big real money payout rate.
Sometimes the difference in odds given is a result of bookmakers just trying to balance their books, and it has very little to do with the anticipated results. Public opinion and general hype around large sporting events like derbies will also prop up the odds and influence sports bets in general.
Popular sports will offer propositional sports bets. These are things like who will be the first to score, etc. Propositional bets often have very large payouts. This is because specific events need to occur for them to win.
The odds of Korbin Smith scoring the first try in this afternoons rugby match are 81.00. It is unlikely considering his position but the extreme odds make wagering a couple of pounds very appealing because it can pay real money if you are lucky.
The bookmaker also doesn’t have time to go through all of these propositional odds. They normally set them tight to make up for this, but every once in a while, there are favourable odds in the proposition bets that you can make some serious money from, especially if you know a lot about the sport.
Betting on lesser-known sports isn’t just a great way to fill in the time while you wait for the next large event. There are some serious chances of winning tucked away in the obscure sports. Popular events have tight odds, but bookmakers have to loosen odds to entice people to bet on smaller events or lesser-known sports which in turn can increase the payout rate.
Bingo, Keno, and Scratch Cards all rely entirely on luck. You can calculate the probability of winning at all these games, but the game provider and online casino will have little to no effect on the odds that the games are played at.
With Online Bingo, the more cards that are in play, the higher the chances of achieving a win. The same could be said for any of the other cards in play.
The chances of winning a bingo within 12 numbers drawn is 0.00199521. This number goes up as more time passes until it is eventually won by someone.
Statistically, Keno is one of the worst games that you can play, and there is no combination of balls that you can choose which are any more likely to win than any others. The house advantage is around 30% – 50% at a land-based casino and it can get to a low 20% at online casinos.
There is a lot of variation in the odds when it comes to Scratch Cards. Most scratch cards online and offline give you about 1:4 chances of winning something, but the catch is that around 60% of these winnings are below £20. There is a smaller chance of winning more, and a chance that you won’t break even on the cost or bet to play. Typically the lower the payout rate the better the odds at most online casinos.
The games that have the worst odds are the ones that require 0 skill. These could vary from one game supplier to another, but usually, Keno (86%) and online scratch cards (80%) make the top of the list.
If you are playing real money games, the below information won’t matter much, but if you are looking to win real money, then some research would have to be carried out to establish the games with the highest payout rate and volatility according to your bankroll size.
Slot machines have come a long way since their inception in the 90s and their debut in land-based casinos and shortly after at online casinos, but even so, they are the worst culprits when it comes to a player walking away with a bigger bankroll.
As previously mentioned, it wasn’t unheard of for slot machines to have a high RTP of 90% in the early days. However, this has considerably changed in the last decade or so, with the average rate hovering over the 96% mark with the popularity of online casinos.
With many game suppliers producing hundreds of new online slots every year, the competition is wild. This has not been necessarily a bad thing, especially for players looking for the best casino payouts.
With increased competition came many advances in technology. Online slots now boast a myriad of features, including multipliers, wilds, scatters and free spins bonus rounds. We still recommend that you research the RTP of the game you are planning on playing before committing real money.
It is not unheard of for a slot game with all the bells and whistles to come with lower RTP. Some game suppliers also go as far as to hide the payout rate.
Online Poker tops out best and worst casino games’ odds. Depending on the poker game variant of your choice, you could either strike it lucky or else, lose out.
For example, the games of Jacks or Better can have a high payout rate of 99%. This does not mean that you will win every time, but if you make the right decisions, you could benefit from such a high payout percentage and take home real money.
It is important that you know the rules of the game before sitting down for a gaming session to boost your chances of winning.
When you are shopping around for top payout casinos, you need to look at the bigger picture:
- New Casinos: New casinos bring plenty of excitement to the table than their established counterparts. Because they are striving for your attention, they are more likely to offer the latest casino bonuses, no deposit offers and deals with lower wagering requirements.
- RTP: Research the RTP of the games on offer before making your first bet.
- Bonuses: Weigh out the options when it comes to casinos and their bonuses. Look for the wagering requirements, caps on winnings and minimum withdrawal thresholds, to ensure that you have the best optimal gambling experience.
- Free spins: If you are a slots fan, you should watch out for new no deposit free spins offers or other free spins promotions.
The best payout casino should not be chosen on a few simple points. You should also pick and choose it based on your personal needs and requirements. On top of that, these casinos should be independently verified by third parties such as eCOGRA.
In the online gambling world, payout percentages can often refer to either specific online casino sites or else, to the payout percentage of specific games.
To calculate the best paying online casinos, you need to see what games it has on offer. The higher the number of games with a high RTP, the higher the online casino payout percentage.
A lot of the payout percentage comes down to the casino games that you choose to play. You could pick top online casinos and play games with the best payout rate, and still see no good results.
To get the best value out of your money and gameplay, the benefits can be calculated over a long period of time. Players cannot predict which slot machines are the most profitable or not. Therefore, one needs to have a strategy in place to play the highest RTP casino games whenever possible while minding the bankroll at all times.
This is the only way you can tilt the odds in your favour and can benefit you over a long period of times. Generally, players tend to lose on average, but if you have a strategic bankroll management system in place and play smartly without placing wild bets you could turn things around and see some real money.
The payout percentage entails the percentage of the total number of wagers that players can expect to receive back from playing for real money over a period of time. Casino payout percentages can vary between 75% and 98%. The payout percentage is calculated by deducting the House Edge from the return to player of the chosen casino games.
The house edge is the opposite of the payout percentage. The house edge determines the amount of money that a casino is expected to make from a player over some time.
Although online slots have a bad rep for having the worst odds, players can still benefit from a superb range of the best payout online slots with a high Return to Player, including:
- Rainbow Riches Pick n Mix by Barcrest – Up to 98%
- Mega Joker by NetEnt – 99%
- 1429 Uncharted Seas by Thunderkick – 98.6%
- Jackpot 6000 by NetEnt – 98.86%
- Blood Suckers by NetEnt – 98%
The casino games with the best payouts are online Blackjack, Roulette, Craps and Jacks or Better Video Poker and its live casino versions as well. These depend on whether you have made the right decision while playing your hands though.
Slot machines, Keno and online scratch cards are the worst culprits when it comes to the worst casino payout. However, this can vary from one game supplier to another. As mentioned above, some online slot machines do have a high payout percentage and you can also find progressive jackpot games.
Provided you sign up to licensed online casinos with a fair payout percentage, then the games cannot be rigged. This is because casinos undergo regular auditing and testing for fairness and safety since they involve real money.
As long as you are playing and wagering real money and you are not playing games in demo mode, all casino games pay real money if you win. Please check that you are signing up and depositing at a licensed and regulated casino online.
They don’t have better odds than their RNG counterparts. However, if you are suspicious of software-based games in a casino site, playing the live dealer version of your favourite table games could be a good alternative. The cards are shuffled live on camera, so the games cannot be rigged thus ensuring fair chances of winning for all.
G. H. Moretto is the Editor at New Casinos.com and Nyecasino.org, also an expert in advertising and casino content with a passion for blackjack tables. He has managed research, content writing, translations and holds a degree in Social Communication with honours in Advertising, bringing to the table a decade of experience in the advertising and online gambling industries combined. Moretto was also directly involved in a Child Gambling project in the UK, which was discussed with several MPs to bring forward legislation changes to protect children. He has reviewed thousands of online casinos, slots and casino games and he definitely knows his way around bonuses, payment methods and trends. This casino enthusiast is an Editor at NewCasinos.com on a mission to reveal all the secrets of the industry with in-depth and unbiased reviews. Moretto aims to educate new and seasoned players about the risks and rewards of all new casinos, their bonuses and features to help players make better-informed decisions.More info on G. H. Moretto