Payouts are one of the greatest deciding factors for players when they are deciding on where to gamble. Why? Well because regardless of how much enjoyment you get from gambling, it ultimately comes down to the payout and the chance that you stand of winning. Both land-based and online casinos offer great payouts. However, we here at Top Australian Casinos are here to tell you why we think online casinos are the best in terms of their accessibility, enjoyability and most of all payout.
Why Are Online Casino Payouts Better?
One of the great perks of online casinos is that they are not limited by space. This means that they can offer an endless variety of games, which, regardless of how big the land-based casino is, they cannot compete.
Not only do online casinos provide you with a variety of different games, but they also give you the chance to play multiple variations of the same game. With each variation offering better payouts than the last. Another perk about online casinos as opposed to land-based casinos is that they do not have to abide by as many local laws and regulations. These laws and regulations could ultimately affect the games that you can play. For example, in North America, the roulette wheel has an additional zero, which pumps up the house edge by quite a lot. At an online casino players are not affected by the geographical location.
Perks of an Online Casino
- It is cheaper to run.
- Electricity bills are considerably less.
- There are no rent payments, or building and renovating that needs to be done.
- Due to all the savings that online casinos make, they can afford to offer their players better payouts.
The Odds of Playing at an Online Casino
- Banker gets a house edge of 1.36%.
- Player gets a house edge of 1.24%.
- Tier gets a house edge of 14.36%.
- Vegas Rules gets a house edge of 0.28%.
- Jacks or Better gets a house edge of 0.46%.
- European Roulette (single zero) has a house edge of 2.7%.
- American Roulette (double zero) has a house edge of 5.26%.
Payouts and Casino Games
As seen in the odds section of this page, if you bet on the banker, you get a house edge of 1.36%. However, the casino does not want to just give its money away. So, there is an additional 5% tax when you bet on the banker. Yet, looking at the combination of the tax and the edge from the banker, you are still looking at an advantage of 1.17%. Which still makes if more profitable to bet on the banker than the player.
Live Blackjack games use eight decks of cards, to avoid card counting. However, at an online casino, they can choose to use between 1 and 8 decks of cards. With the addition of each deck of cards, there is a 0.02% increase in house edge. Therefore, your odds are much greater when playing with only one deck of cards.
When playing Jacks or Better, the general house edge is only 0.46%. Which is great, however, it is important for players to be knowledgeable on the game so that they can get these odds. Online casinos offer many different variations of this game, which makes it tricky. With some offering an even better house edge than 0.46%. Below is a list of odds of some of the other Poker versions, for your convenience.
Roulette has two basic versions: American and European. The European Roulette offers a lesser house edge of 2.7% as its wheel only contains one zero. The American Roulette with the additional zero, creates a house edge of 5.26, roughly doubling the house edge.
Due to the sheer magnitude of pokies, sharing the odds of each would take forever. However, we can tell you that in most instances the payout percentage is more than 95% at online casinos, which is considerably higher than that at a land-based casino. Although, odds do vary from each pokie so we suggest that you look at the pay-table before choosing a machine.
Video Poker and Payout Ratios
- Jacks or Better, has a payout ratio of 99.54%.
- Double Joker Poker, has a payout ratio of 99.96%.
- Deuces Wild, has a 99.00% payout ratio.
- 7s Wild, has a payout ratio of 98.80%.
- Aces and Faces, has a 99.85% payout ratio.
- Double Bonus Poker, has a whopping 100.17% payout ratio.
To Wrap Up
Online casinos offer the best payouts, as well as the best winning odds. Whereas contrastingly, land-based casinos offer the experience and atmosphere. However, that won’t increase your bank balance and this is why we at Top Australian Casinos would say that online casinos would be best for you. Not only are the payouts better, but the games are quicker, the environment is quieter and more comfortable, and at the end of the day games are generally cheaper.