Understanding Payouts is Key to Enjoying Online Casinos

Written By Janice Doughtrey

With numerous gaming sites claiming to be the best online casino, the process of choosing a site to join can be overwhelming. The player is much better prepared to decide on the most beneficial membership by understanding what makes an online casino stand out from the rest. This knowledge should include the various factors that play into how a casino actually pays out to players. If you are concerned about the returns on your bets, understanding payouts will help you to make informed decisions about where to play.

Understand the House Edge

The online casino format is very similar to that of any land-based venue in Las Vegas or elsewhere across the globe. Casinos are in the business of making a profit to remain in operation. Therefore, a house edge will always be part of the payouts the player can receive. Return to player, or RTP, determines how much money you can expect back when you play a casino game.

Online slots are at the low end of the spectrum, typically paying out 93% to 97% of your wagers. The popular card game blackjack tends to be the highest at 99%, but a player’s skill at the game affects this number a bit. Players should understand that RTP does not mean you will get paid out 90-something percent of the time. It means that you typically get back only a percentage of what you bet.

Find the Right Options for Banking

It’s a good idea to make sure the online casino has the appropriate banking options. Although most sites support various methods of payment, some may have better options than others. If you prefer a money sharing service for low to no fees, certain online casinos will allow deposits through PayPal, Skrill, and other providers.

Cryptocurrency is now an acceptable form of payment at online casinos, but not all of them. If you’ve been sucked into the blockchain craze, you may be able to spend some of that digital currency at an online casino. This information can be discovered by contacting a casino representative or browsing the payment section of the site. Bitcoin is the most common currency seen at online casinos, but Ethereum has started to pop up as well.

Licensing and Security

Any reputable online casino is going to be regulated. The casino will hold a seal for its license, which can almost always be seen at the bottom of the site. Players who are interested in a new place to play must check for the proper credentials. Typical agencies that regulate online casinos are the Malta Gaming Authority, Kahnawake Gaming Commission, and the Gambling Commission from the UK.

If you’re going through multiple steps to confirm your identity with the casino, consider this a blessing. Online casinos should thoroughly screen players before allowing them to join. Additionally, the sensitive info being passed between parties must be encrypted. You may run into additional security checks from the casino, including a request for ID. This is to safeguard your own playing experience. However, the process may take a few days. If you want to get access to payouts immediately, make sure to stay updated on the casino’s signup process.