Online casinos have become one of the leading entertainment sources for millions of people worldwide looking to put their luck and gaming skills to the test and hopefully earn some cash as a result. However, many still wonder if it is possible to turn a profit from online casino gaming.
It is undeniable that most people could do with a little extra cash in their pockets, no matter if the cash is for a trip, a night out in the town, or to pay off a loan. Online casinos such as the brand new Casino Friday (Casino Friday review here) offer a chance to win that extra money while having great fun, which can’t be overlooked. When you add the fact that some games of chance, like the lottery, offer prizes worth millions, the appeal of games of luck only increases.
Online gambling sites let you try your luck from the comfort of your home and with extra help from online casino bonuses and other such rewards. Considering the ongoing situation in the world where going out that much is not recommended, online casinos truly stand as an excellent source of fun you can have from home or office, or pretty much anywhere.
The multiple games of all kinds, such as slots, table games, and all other games of chance and skill featured in these casinos are what keeps the entertainment going and the gaming choice fresh. One crucial thing about these games is that they all have different payout percentages and difficulty levels.
This fact leads us to a common fear among online casino players, which is the feeling of being under the heel of online casinos. Some players feel unsure when it comes to losses and gains, as they don’t see them as products of their luck but the casino’s agenda. They don’t know how payouts work.
This is where things such as the game’s RTP comes into play.
Casino Games RTP (Payout Percentage)
It is a well-known fact that any casino will get a percentage of all profits generated from all the games in their game library. If it wasn’t so, the online casino business couldn’t be considered a business at all since the purpose of business is to make money. On the other hand, just as these casinos make some profit from all games, players can win thousands, if not millions, in only one go. It all comes down to the Return-to-Player ratio and percentage.
The loss-win ratio is, in fact, determined by the RTP percentage of each game. This is how it generally works. Let’s say you have a slot game with the 97% RTP. This means that the machine is expected to return £9 for every £100 you wager, with the casino keeping the remaining 3%. However, this percentage is based on thousands of spins, and not every spin players initiate.
RTPs of Different Casino Games
Every single game in an online casino has a different RTP, and here are some of the more common ones:
- Slot games: The industry’s average when it comes to slots’ RTP is in the neighborhood of 95%. If you can find slots with RTPs of 97% and more, you should consider those strongly.
- Blackjack: As a game of luck and skill, blackjack is a bit tricky. In general, the RTP in blackjack games is 99%, but only if played right and with a good strategy.
- Roulette: The RTP percentages depend on the type of roulette you are playing. For example, the European Roulette has the 97.5% RTP.
Can RTPs Be Altered By the Online Casinos?
Casino players always have their doubts, especially when on a losing streak. However, this has nothing to do with fixing and altering the RTP, as it can’t be done. Software providers guarantee that RTPs are fixed and unchangeable.
Furthermore, if you are playing in a legal online casino, then the gambling jurisdictions that licensed the casino also vouch for the fairness of those games.
The bottom line is that you can both win and lose in an online casino since, after all, we are talking about the games of chance. You should accept both outcomes and not let them affect you that much. Play responsibly and enjoy every moment of casino gaming.