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The are so many online casinos. How do you as a player decide which online casino is right for you? One of the most important things to look for is the casino payout percentage. Its essential for you to look for payout percentages that have been verified, as this indicates that the casino is fair and reputable. Furthermore, you need to understand the implications that payout percentage rates have on your chances of winning.
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Online casinos operate in a very similar way to land based casinos. The odds offered by online casinos are the same if not better than those offered by land based casinos. If you are serious about playing online, and you want your experience to be positive, its advisable to understand the complete process of betting odds, software regulation, fair gaming and payout percentage rates.
Microgaming and Playtech are the primary suppliers of online gaming software to casinos. These software programs are used to run most reputable online casinos, often as a free download. The software is developed to contain Random Number Generators, which randomly determine the outcome of each game, be it roulette, slots, blackjack or poker. The RNGs use a series of very complicated mathematical algorithms to recreate the same results you would obtain in a land based casino, spinning a real roulette wheel, for example.
The casino payout percentage shown by an online casino refers to the amount of money that has been paid out to winning customers, versus the amount of money deposited by way of wagers. A payout percentage of 97.2% means that 97.2% of all money that has come into the casino by way of wagers is paid as winnings. So the casino makes a 2.8% profit. Consequently you should look for casinos with high payout percentage rates.
However, how do you know that he payout percentage claimed by the online casino is true? This is where it becomes important to look at the verification certificates on the casino website, usually on the homepage. These certificates, if they exist, will be issued by independent third parties. Look out for one of the three largest firms issuing these certificates, namely the Online Players Association (OPA), PricewaterhouseCoopers (PWC) or eCogra (e-Commerce Online Gaming Regulation and Assurance). These are very reputable businesses with well respected names. Casinos that display these verification certificate have allow these independent companies to check the software and their business processes and rules to make sure that the RNG is indeed working properly and fairly, and that the payout percentage rate the casino boasts is also legitimate.
The mark of a good online casino is that its certificates are updated once a month, and its payout percentage rate fluctuates now and then - as casino payout percentage rates cannot be the same month after month. We hope that this information about payout rates and verification help to make you a more informed player, and your online experience more rewarding.
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