In the vast sea of online casinos, choosing the right casino for you can be a difficult task. Besides looking for the best bonuses, game variety and banking options, one of the biggest challenges players face is when it comes to figuring out which best online casino that payout would also feature the fastest payout and highest payout rate.
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Some Information on Payouts in the Casino Gaming Uliniverse
In a perfect world, the goal of gamblers playing at real money casinos is to find the best online casinos that payout possible! The majority of casinos, even live casinos are committed to transparency by providing informative statistics. Casino games have rules with calculable returns but they require players to make an inordinate amount of effort to understand where exactly to find the best online casinos that payout. This is a guide to help you make the most of your gambling endeavors.
Facts About Best Online Casinos that Payout
- The Payout Percentage can vary on the type of game that your are playing, be it online video poker, or online slots;
- Most of the best online casino payout rates are above 90%;
- It’s extremely important that you are of legal gambling age in order to sign up and transfer money into your account;
- Your withdrawal method affects the payout speed.
Understanding Payout Rates
Payout rates are basically statistics that help casino players determine how likely they are to win or the amount they are likely to lose when betting for a big win. This means that the casino gives an average figure calculated by comparing how much a player wagers in comparison with how much of it is returned to the player. If you don’t make a concerted effort to understand payout rates then there’s a pretty good chance that you won’t find the best online casinos that payout.
Figuring Out Payout Percentages
The first thing to remember is that even the best online casinos that payout have a percentage which is in a state of flux. When you sign up at any online casino, most of the time, you can find this information on their homepage, however, other casinos don’t provide such information so evidently. If this information isn’t immediately visible, the best thing to do would be to contact the casino’s support team to inquire. The agents are usually happy to give out this information.
More often than not, the best online casinos have regularly certified reports from independent organizations. Some of the most distinguished organizations in the gaming industries include eCOGRA or Gaming Laboratories International. Generally, these test results show what all players’ average return was when they took part in a particular game in the last period or month. Since the percentage is an average, some players may have won above the average, whereas others below. It’s a good way for online casinos to measure themselves up with other competitive casinos. Knowing how much a casino has recently paid out to its users reveals the casino’s generosity.
You should be cautious because as high and alluring as the payout percentage may be, it doesn’t mean that that will be the rate which you will get every time you play. Remember that the payout percentage is the average based on all the money the casino paid out and is proportional to each and every casino game. Another good thing to keep in mind is that the payout rate is very likely to change on a monthly basis by around 1% to 2%.
The Importance of RTP
RTP signifies the Return to Player percentage. This term describes the payout capacity of a particular game. This payout percentage is a theoretical figure calculated by establishing the wagered amount on a set of games during a given period which is paid out as winnings to players by the online casino. The RTP can vary depending on both the game software providers and the online casinos.
Simply put, if you wager £/$ 100 on the casino game of your choice and you win £/$ 96 then the payout percentage for this current transaction would be at 96%. Of course, each time you play, the percentage can vary which means the RTP at the best online casinos that pay is calculated as an average. This signifies that you aren’t necessarily guaranteed a win, yet if you win, the payout percentage is the most likely percentage you would win.
The percentage is usually set by the game providers by comparing the percentage of wagered money on a game against the amount paid back to players in the UK over a determined period of time. The testing programmers play the games over an amount of time to evaluate how much money is paid back in winnings. Once this information is gathered, it is calculated over a series of hands or spins and based on the money spent on these games by players.
Payout Percentages by Casino Game Type
More often than not, highest paying online casinos require a fair skill level from UK players and/or the casino would offer a substantially low payout ratio. The highest paying casino game depends on the category of casino game as you will see below.
- Video Poker: Since video poker is an equal combination of both skill and chance, the payout percentage will vary as it depends on the player’s skill level. Video poker uses the mathematics of probability in order to measure the theoretical payout percentage which is at 99%.
- Blackjack: These types of casino games have their theoretical payout percentage calculated by computer simulation and are at 99% like video poker. Also similar to video poker, online blackjack games require a decent skill level so the percentage estimates the amount wagered which is according to the most favorable strategy being implemented by the player.
- European Roulette: Unlike Video Poker and Blackjack, European Roulette is ultimately a game of chance. The theoretical percentage mathematically calculated reaches 97% which in turn, matches the actual payout percentage.
- Online Slots: This popular casino game doesn’t have a theoretical payout percentage, so the calculated actual percentage would usually be anything between 94% and 97%. For instance, the Game of Thrones slot has an RTP of 96.4% for the 15 paylines and 95% for the 243 paylines. This percentage is a great indicator of casinos with the highest slot payouts even though they are calculated by running simulations in the game instead of actual betting activity by players.
- Progressive Jackpot Slots: An interesting thing to note here is that progressive jackpots tend to have a lower payout percentage than other online slots. As the jackpot amount increases when a player hits it, the number needs to reset. Since it cannot reset to zero it reverts to a set amount known as the seed amount. If progressive jackpot slots offered the same payout percentage as other slots, then the seed amount would have to be provided by the casinos which is obviously not a viable option. In order to rectify this, the seed amount is gathered from players’ bets, so offering the lower payout percentages. The most practical way of establishing this is the larger the seed amount in the progressive jackpot slots, the lower is the percentage paid out. Alternatively, the larger the seed amount, the larger is the general hit size. Popular slots with large progressive jackpots include Mega Moolah, Aztec’s Millions and Mega Fortune.
The House Edge Impact on Casino Payouts
Online casinos are legally bound to reveal their house edge. This is the casino’s advantage in each and every game available on their site. In order to get the best payouts, all players including UK players should opt for the games with the lowest house edge possible. The casino games that have a higher house edge are baccarat and roulette which means the odds can be in your favor by utilizing a great strategy. Here, practice makes for improvement so the better your strategy, the higher your return.
Withdrawing Winnings Made Easy
Different online casino sites provide a variety of deposit and withdrawal options. Making a withdrawal is pretty easy and secure especially since the fast payout online casinos try to provide the most hassle-free options for users. A quick guide on withdrawals is to firstly head to the cashier page and select the withdrawal option. Then, enter the required withdrawal amount. Make sure the figure is checked and that it meets minimum withdrawal allowed by the casino. Once this is done, you would need to choose your preferred withdrawal method. Once everything is confirmed, you can proceed with the checkout.
Banking Options for Best Paying Casinos
Banking at the best online casinos that payout can admittedly affect whether or not players could potentially get the fastest and highest payout. In an ideal world, the best paying online casino would have the fastest payout possible. It’s important to know that different banking methods can have their own payout speeds and charges. Typically, the top paying online casinos for UK players would simultaneously offer safe and secure transaction methods.
The different kinds of banking alternatives available at the best online casinos that payout would need to factor in the security measures and time frame besides finding the highest paying online casino in the UK. Below we will take a closer look at the most common banking methods available.
- Check: This is one of the most commonly used methods as it is universally available for anyone with a bank account. The drawback with checks is that they are not the fastest nor the most secure method as delivery may take around two weeks, then it requires you to wait further until it is cleared into your account.
- eCheck: This a very reliable and popular method as it is both a fast electronic payment choice as well as safe.
- Wire Transfer: As a withdrawal method, these are the most distinguished and reliable option. Wire transfers usually take about 2 days to be processed into your account.
- eWallets: These types are definitely the fastest payouts. Being an electronic payment system, payments are instant, online and secure. A slight disadvantage is that some eWallets have small fees included when making transactions, which isn’t the most profitable way to make the most of your winnings.
Best Paying Casino Online vs Land-Based
When it comes to the highest payout percentage, online casinos are the clear winner when compared with land-based casinos. There is a significant difference since land-based casinos payout percentage would range anything from 70% to 80% whereas the highest paying online casinos would be between 93% and 98%. The online casino payout rate is never lower than 90%.
The reason for the difference in RTP percentage is because the maintenance costs required for land-based casinos are much higher than for online casinos. Land-based casinos require financing for the actual casino building and the gaming equipment and not to mention the servicing needed. Additionally, land-based casinos would have high operating costs due to the fact that there is a sizeable staff number employed and there needs to be more maintenance of fixed resources. On the other hand, online casinos are operated on virtual platforms and function without the need for personnel to oversee the casino games.
This means that a larger turnover for land-based casinos is needed than for online casinos. This validates their lower casino payout. Both online and land-based casinos have the same rules when it comes to table games so the payout rates are fixed.
Best Online Casino that Payout FAQs
Do different casinos have different payout speeds?
Since different casinos use different casino software providers, casino games and withdrawal and deposit methods, these matters would affect the payout speed.
Will my withdrawal amount affect the payout speed?
Larger winnings could take a longer processing time, simply because of the fact that the casino may require some documentation on your part. Winning jackpots may require analysis from the casino’s side. Each online casino has a different way of dealing with withdrawal procedures.
Which is the fastest withdrawal method for online casinos?
This depends on the banking method you use at the best online casinos that payout. The average speed, depending on the online casinos is around 48 hours. The fastest methods are usually the eWallets like Neteller and Skrill which are usually instant transfers. The pending periods are longer for credit or debit cards, bank transfers and eChecks which tend to take about a week.
Does the deposit method necessarily need to be the same as the withdrawal method?
It is important to check with the banking options provided by the online casinos as it can sometimes be the case where the withdrawal methods available aren’t the same as the deposit methods you chose. Clarifying this difference would help so you won’t face disappointment when you come to make a marvelous withdrawal.
What is the minimum withdrawal?
The withdrawal amount depends on both the withdrawal method as well as the casino’s terms and conditions. This also depends on whether you have used any casino bonuses or promotions on offer.
Choosing from the Best Online Casinos That Payout
Playing at an online casino is all good fun, but nothing beats the thrill of winning big and getting a fast payout. Having a huge selection of online casinos is not enough without considering the usefulness of taking advantage of the highest paying online casinos. Winning on any of the abundant choices of casino games or hitting a jackpot can certainly be an exhilarating experience. Now, imagine having that immense amount you just won paid out into your bank account. Nothing beats the feeling. Click on any of our top listed online casinos to get the best-paying casino online!
