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Online Casinos and Return to Player Ratios

by ReadyBetGo Editor

Winning is one of the most important factors that make people play online casino games, whether they are high rollers or just the occasional gamers who play only to wind up their free time. BeforeReadyBetGo EditorThere are occasions when we here at ReadyBetGo want to bring you interesting facts about the gambling industry  When something catches our eye, we will publish it for your enjoyment. 
  deciding on which game to play, one has to consider the return to player ratios, as these determine the potential payouts you can receive and the best online casinos that payout big.

What is the Return to Player Ratios?

The Return to Player ratio is the crucial factor that determines, statistically, what one can expect on the bets placed over a certain period. The Return to Player determines how one uses, and what one expects from a bankroll if they use it consistently.

The higher the ratio, the more often the player will win over the course of time. If the ratio is 50:50 or 100%, it means that both the player and the casino have the same chance of winning. As the ratio rises, the casino starts to lose money thereby decreasing its house edge. Regulations instruct online casinos to share their Return to Player ratios with their players; however, they are some online casinos that inflate these ratios. To be safe, gamers can calculate the ratio on their own; to do this they need to divide the total amount returned to players with the total amount bet by players.

Online casinos are more competitive than their land-based counterparts are. On average, online casino Return to Player ratios exceed 90%, while those of brick and mortar casinos rarely exceed 80%. This is largely influenced by the fact that land-based casinos have more overhead expenses than online casinos.

Depending on the RTP to judge how a casino pays comes with its own shortfalls. The major one being the frequency factor. Return to Player fails in indicating the probable frequency a gamer can expect to win be it on table games or slots.

In addition, it fails to account for inadequacies like going on a sustained losing streak or hitting a big win.

The Payout Table

The Return to Player ratio follows upon the payout table. The payout table is a matrix of payouts created by a casino game. Game software developers calculate these payout tables meticulously so as to contain the casino’s house edge thus preventing the casino from losing money.

Payout Percentages

The payout percentages come from the house edge, which ensures that you the gamer wins something while the casino remains profitable. The payout percentage is so important because it represents how much you lose or win over a certain period. The random number generator calculates the payout percentage. The random number generator is deliberately programmed in such a way that allows players to get value for money while ensuring the casinos remains profitable. It is from this random number generator that an online casino is deemed provably fair or not, a label that differentiates trustworthy casinos from the bogus ones.

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