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What Are Online Casino Payout Rates?
An online casinos payout rate is the theoretical average payout return of its casino games. The rate is given as a percentage and it indicates how likely punters are to lose or win (how much of their wager they are likely to get back) when playing at the specific casino.
For instance, table games come with the lowest house edge or the highest payout rate. This simply means that you have a higher chance of winning if you play table games compared to slots. Actually, video slots provide the lowest payout rate but don’t be fooled since it rises up to 99%, thanks to online gaming.
In order to understand better, here’s a simple example:
- You have £100 that you want to play with
- In theory, if you play a game that offers a 98% payout rate you would expect to get back £98 when you play 100 spins on a wager of £1.
- However, that’s not true since online casino games depend on RNG; Some players will win above average, others will lose.
- Nevertheless, the payout percentage is indicative of how likely you are to get your funds back if you play the specific game.
Factors to Consider When Choosing a High Payout Casino
The payout percentage or rate is not the only factor you should consider when determining if a casino is great. These include:
- Payout casino with no caps or limits on winning
- An instant withdrawal online casino
- Casino with no withdrawal charges
- High paying casino games
- High paying game providers
- Quality customer support
- Bonuses, promotion, and other rewards
1. Casino with no Limits on Winnings
You should avoid all casinos that have a cap on winning when playing with real cash. The best payout casinos only place the max win limit on winning from bonus credit such as a welcome bonus, VIP offers and so on.
However, the best payout casinos do not place limits on real money bets.
2. Instant Withdrawal Online Casino
Once you have identified an online casino with no limits on winnings, the next step is to get a fast payout website which allows you to receive your winning as soon as possible.
Most online casinos have recognised the importance of casino players getting their money instantly, so a good number of them process your winnings within 24 hours.
Normally, online casinos disclose the duration it will take to process and complete your withdrawal request. We suggest you check whether the Gorilla has reviewed the specific casino and what it says about its withdrawal time. You can also go through previous winners review to ascertain whether the website honours the withdrawal time.
It’s good to understand that most casinos request for document verification if you win a large sum of money. Make sure that you always have your document ready in order to speed up the verification process. These documents include:
- A copy of your ID or passport (scan)
- Your bank card
- A few recent salary slips
The Casino Gorilla says you need to understand the following factors to ensure that you get your fund instantly. These are:
- Play at a website that processes withdrawal requests swiftly.
- The casino might process your withdrawal request within hours, but from there, it will depend on the banking method you choose.
- E-wallets are your best bet if you don’t want to wait for your winning for more than 48 hours.
- Choose Neteller, Skrill, or PayPal, for example, in order to get your money instantly. Pay by Mobile options such as Boku and Payforit can only be used to load your account, not to withdrawal funds. Bank and wire transfer may take as much as 7 days to release the funds to you.
3. Casino with No Withdrawal Fees
Another factor that you should consider when choosing the best payout online casino UK is whether the site charges a withdrawal fee. Some casinos still charge these fees (1-4%), but some casinos have abolished them for good.
For instance, there are casinos that offer free withdrawals every month up to certain dates. Even better, there are casinos that have no withdrawal fees and you can withdrawal as many times as you want – you only have to pay the third party service provider as per their policy.
4. High Paying Casino Games
Of all the casino games you will find online, slots have the best RTP and a slot with a 96% rate is said to be a good game. However, there are some slots out there that provide an amazing 99% RTP. Below are the top 5 slot machines that provide the highest RTP in the UK market.
Mega Joker (99%)
Mega Joker is a classic slot from the world-beater NetEnt casino game provider and offers a great RTP of 99% when you bet a maximum of 10 coins.
Also, the slot hits this rate when you spin it in Supermeter mode.
1429 Uncharted Seas (98.6%)
1429 Uncharted Seas is a pleasing slot from the reputable Thunderkick that features a wild symbol which covers all the reels to create bigger wins.
Presently, this game offers one of the best RTPs (98.6%) that make it’s a popular slot in the UK.
Blood Suckers (98%)
Another slot from NetEnt that makes the headlines for providing one of the best payouts is the Blood Suckers, with an RTP of 98%.
It is a cool slot with great features such as free spins (3x payouts) scatter pays, a bonus game (slaying vampires), and substitutions.
With a 97.87% payout rate, Starmania is a favourite slot for most punters and it comes from the NextGen software. It is a colourful, exciting, and beautiful slot machine which allows punters to gaze at the stars while they win big.
Also, casino players can spot different constellations and get prizes for it.
Jack Hammer 2 (97.1%)
One more slot from NetEnt that offers a great return is the Jack Hammer 2. This fun adventure and crime-themed game have a total of 99 paylines, which means you get unlimited ways of winning. The slot also comes with some awesome features that make it more interesting when enjoying the 97.1% RTP.
Progressive slots provide the least RTP rate by far, of about 8-10% less than other slots. And this rate includes all the gigantic progressive jackpot amounts – the RTP for the base game is even lower.
5. High Paying Software
You also need to consider the software that provides the casino game you want to play. NetEnt is a leader when it comes to providing the best payout rate for UK players. The brand has a few slots with about 99% RTP and also provides a great Roulette payout rate. Jackpot 6000 has 98.86%, Mega Joker has 99%, and Blood Suckers has 98%.
RTP rate is regulated by eCorga and punters can easily review them from the different slots. For instance, you can find the payout rate of a casino game on the software’s official page, in the game itself, and from a game review page – and this is just an easy way to get the RTP.
One thing you should note about RTP is that big franchised or big name slots often come with a low RTP. Casino games developers usually pay a large amount of money to acquire the right to use the images and name for franchised titles like The Marvel range slots, Jurrasic Park, and The Terminator. These prices have to come from the casino players, so the game providers provide low RTP for these games. This is why you will get Thunderkick and NetEnt game developers offering higher RTP compared to WMS, Bally, Nextgen, Microgaming, and Yggdrasil.
6. Quality Customer Support
English is the primary language used at all online casinos in the UK. Therefore, there should be no problem with language barriers when reading the terms and conditions of a casino or even when speaking with a support agent.
Customer support is a critical factor you should assess when looking for the best payout online casino. The casino should provide support to players around the clock.
The casinos should also provide different channels that you can use to contact their team, including live chat, telephone, email, and on-site contact form. You should note that the telephone channel is not always free, so you should be ready to be charged a small fee when talking to the support team. And since the aim is to get a best payout online casino, you shouldn’t use your winning/money to make these calls. The Gorilla recommends live chat or email.
7. Bonuses, Promotions, and Other Rewards
The biggest promotion, bonus, or welcome package are not necessarily the best option. They might be the most appealing to your eye but their wagering requirements might be hard to fulfil. The wagering requirement is found in the casino’s terms and conditions. It is a number that shows the number of times you need to wager the bonus funds before you can withdrawal the winnings in real cash. Generally, the higher the wagering requirement, the less attractive is the offer.
The best payout casinos UK know that greed will not get them to the top. They offer a lot of free credit as part of the welcome offer and a melange of daily and weekly promotions and bonuses that keep their punts satisfied.
The ever knowledgeable Gorilla Says,
When an online casino gives generously to its member, it shows that it can be trusted and has the best intention to keep casino players entertained and a fair chance to win big!
Whether you are a new punter or simply excited by the RTP and payout rates of online casinos, remember that there is a lot of factors that goes into the making of a great online casino.
Use the numbers you see on the monthly payout reports to determine how the casino will pay in the future. Also, consider the security, welcome offer, banking options, game on offer, the look and feel of the specific website, customer support, etc, before choosing the best payout casino for UK punters.
After having his meal on time to stay in optimal healthy condition and excited, the Gorilla gets out to chill with friends. After all, why should you lock yourself indoors while you can have fun playing casino games and possibly hit a jackpot? Choose the best payout online casino UK and you will have the best time gaming online.