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What’s So Important about Online Casino Payout Rates?
27 Jul 2006
What is a payout rate? An online casino will pay out a certain percentage of its winnings and this number is usually displayed in the form of “98.5%” or the likes somewhere on the online casino site. While any site can write a number that looks impressive, less can claim that these numbers are correct. So how do you know that an online casino is really paying out these percentages? A good online casino will have its payout rates confirmed by neutral, third party organizations such as e-COGRA or reputable accounting firms such as PricewaterCoopers. Look out for these organizations’ certificates.
Another thing that gamblers can do to check whether online casino sites are telling the truth about their payout rates is to watch the numbers over a period of several months. By rule of nature, payout rates HAVE to fluctuate. It is impossible for these rates to stay constant every month. If a site has a static payout rate of 98% over a period of 2 or 3 months, gamblers should note that the online casino site is probably a scam.
Over and above the advantage of choosing an online casino with a good payout rate, a gambler can usually gain some valuable insight into the integrity and fair-play policy of an online casino by checking these little numbers.
