Top Payout Online Casinos for Australian Players
A payout is the amount paid by the online casino when you win. It could be the amount paid on a single bet. But it is more useful when the payouts are aggregated on a game category over a session or aggregated across all games over a longer period. The payout percentage is a specific calculation that can be used to compare the payouts at different casinos and rank them. This article will enable you to understand payout percentages and how to use them. The article will also dwell on some of the steps taken by the top payout online casinos.
Highlights About Top Payout Casinos
- The casinos featured on this page offer the best return percentage (RTP) - better odds
- These sites have been fully vetted & tested where the payouts have been audited
- When playing at top payout casinos you win more often and can stretch your bankroll out
Casinos Offering the Best Payouts
Online Casino Payouts FAQ
What are online casino payout percentages?
The payout percentage is the ratio of the amount paid as winnings in a given period by the casino to the amount wagered on the same set of games during the same period expressed as a percentage. If you wager AU$100 on an online pokie and win AU$120, then the payout percent for that restricted wagering will be 120%. The important thing to note is that for individual players for short periods the payout percent may be greater than 100%. But for entire game categories over a longer period, say a month, and for all players the payout percent will be less than 100%.
If casino games were not designed for payout percent less than 100% in the long run, the casino would keep losing money and go out of business. Some players have individual returns over 100%, others are at less than 100%, but the average is always less than 100%.
How do online casino payouts differ from those offline?
The difference in the amount received by the casino as wagers and the amount paid out as winnings is used to meet its costs and to provide a return to the investors. Offline or land casinos have much larger costs. They have to maintain lavish buildings whereas online casinos operate from computer servers. Land casinos have to employ a large number of specialist personnel to operate the tables whereas online casinos need only administrative staff. Therefore on the whole, offline casinos have to retain a larger portion of the amount wagered and return less as winnings. Offline casinos operate at lower payout percentages.
The table games like roulette and blackjack have by and large the same rules in land casinos and online casinos. Therefore there is not much difference in the payout percentages in these games. Pokie machines in land casinos have significantly lower payout percent than online pokies.
Are online casino payouts audited?
All the online casinos recommended by us have their payouts audited by independent expert agencies. This adds immense credibility to the information reported by them. As an investor you will have more faith in the audited financial reports of a company than in unaudited reports. In the same way, as a player you will have more confidence in an online casino that posts audited payout reports.
There are agencies like eCOGRA that have acquired proficiency and reputation in such audits. They take the data directly from the server of the online casinos. They extract the amounts wagered in the previous month across major game categories and also the corresponding amounts paid out. From this they calculate the payout percent figures and post them at the online casino web site under their seal. At eCOGRA audited online casinos you can click on the Safe and Fair seal at the bottom of the home page to see the Percentage Payout Review reports.
Other information about top payout casinos
All Microgaming powered Australian online casinos offer the same set of games. This is true for Playtech powered casinos as well. Then how is it that some online casinos of the same software provider consistently offer higher payouts than others. You will have some online pokies that offer average payout of 96.5%. There will be others that offer average payout of 94.5%. Top payout online casinos have mechanisms that guide players to the games that have higher payouts.
Most of the online casinos that we recommend publish winners’ lists that include the names of the games on which players have won the biggest amounts. If you check out these lists over a time period, you will notice that a majority of the games are from a small pool. These games offer higher payout percentages. Seasoned players who know this, consistently wager on these core games with great results. The list can be under different headings such as Hot Games or Most Played Games.
There are casino games like blackjack and video poker that are skill based. If you know the optimum strategy then you will get the maximum returns. Otherwise you will have to settle for lower payout percentages. The top payout casinos educate their players how to wager on these games using optimum strategy, through tutorials, articles or blog posts. It does not matter if your online casino does not give this information. You will find it at Online Casino Australian.
Theoretical Payout Percent For Casino Game Categories
Before you start playing at online casinos you must know the theoretical payout percent for the important games categories. In some games like roulette the theoretical payout percent can be easily calculated from the mathematics involved. In some games like blackjack it is determined through computer simulation. In others like online pokies you have to depend on supplier data. The list below gives approximate payout percentages.
- Baccarat 99%
- Blackjack 99%
- Video Poker 99%
- European Roulette 97%
- Online Pokies 95%
The actual payout percent information on the other hand is computed from real gambling data using the definition given earlier. It is usually computed by an independent auditor and reported at the web site of the online casino. In online casino games where no skill is required, such as online pokies, you will find that there is a match between the expected (theoretical) figures and actual figures. But for online casino games that involve skill, the actual figures are a notch lower than the theoretical figures. This is because the theoretical figures are determined based on the assumption that the player will always play in the optimum manner. However, in practice this is rarely so. Many players do not employ optimum strategy and therefore get lower returns. Therefore the slightly lower returns for these games should not be a poor reflection on the fairness of the online casino.