The Significance of Payout Percentages
In the dynamic world of online casinos, where fortunes can be won and lost at the click of a button, one metric stands out as a crucial determinant of player success and satisfaction: the payout percentage. This metric is an important indicator of game fairness because it reveals the inherent odds and probabilities associated with a specific game or casino.
We interviewed Christoffer Ødegarden, Head of Casino at Bojoko, who highlights the importance of payout percentages and explains what their users value.
Do you see players taking the payout percentage into consideration?
Yes. When it comes to choosing an online casino, a notable number of players are actively checking the payout percentage of a casino before they decide to sign up. We know this as we see many of our readers land on our showcase of the best payout casinos, which are ranked based on their reported payout percentages.
Casino players specifically search for the UK casinos with the best payouts, and as we rank well for all the associated terms, this means that hundreds of British casino players land on our dedicated page, eager to deposit, every month.
What do casino players benefit from having the option to see the payout percentage?
Knowing which casinos have the highest payout percentages gives players a strategic advantage. They can choose the highest payout casinos, increasing their chances of winning and extending their gameplay. This is naturally great for bankroll management as well.
Another factor to note is that transparency regarding payout percentages fosters confidence among players. When casinos openly share this data, players feel reassured that they are engaging in a fair gaming environment, which enhances their overall enjoyment.
In cases where online casinos have similar game libraries, what contributes to the variation in payout percentages?
One significant contributing factor is the bonuses the casinos offer. These rewards can positively impact a player's overall return, especially when they offer frequent promotions and player-friendly wagering requirements. The better and fairer the bonus offers, the lower the house edge is likely to get, and thus, the overall payout percentage goes up.
It is also worth noting that many popular casino games come in multiple versions, with casinos selecting which variant they want to use on their site. Of course, there may be arbitrary components working in the background as well, such as which games the community are drawn to. A player base that opts for lower RTP games will impact the payout percentage without this necessarily being the casino's fault.
Why should players care about the payout percentages?
Players should care about the payout percentage because it showcases how much of the overall bets each casino pays back to their players. It is comparable to the RTP of a slot and is a great indicator of how fair a casino is before you sign up.
Of course, payout percentages do not guarantee individual outcomes. They only reflect overall bets and payout. However, they give players an informed perspective, enhancing their ability to make strategic choices to optimise their gaming experience. Players who care about payout percentages are taking proactive steps to improve their odds.
