When choosing an online casino to play at, there’s more to keep in mind than just security and game variety. Each casino offers a different payout rate, meaning some venues offer better chances of winning than others. But which are the highest paying casino sites? We take a look at the best ones, and explain more about payout rates and RTP’s and how they work.
Casino sites with highest payout return rate
What is a casino payout rate?
A casino payout rate, commonly referred to as the RTP (return to player), refers to the amount of money the casino pays out in winnings compared to the amount of money that’s spent by players. For example, if a casino claims to have a payout rate of 95%, it means that 95% of its revenue is returned to its players, while the vendors take a 5% profit. This may seem like a very small profit, but given the large amount of money that’s gambled at a casino, a small percentage can equal incredibly high returns for a casino vendor.
Online casino payout rates VS land based casinos
A huge benefit of playing at an online casino is that online venues offer much better payout rates than their land based counterparts. The reason for this is that online vendors have much lower overheads, saving mega bucks by not having to pay security guards, croupiers, cleaning fees, maintenance costs, and so on. Without these additional expenses, online casinos are free to offer more favourable payouts to their punters while still raking in plenty of profits for themselves.
A great example of this is comparing the standard payout rates for the pokies, both online and offline. Under New South Wales law, electronic poker machines in the state’s pubs, clubs and casino must pay back a minimum of 85%. When playing online pokies, you can choose from games that have payout rates as high as 98%, with most online pokies offering at least a 90% RTP.
Online casinos with the highest payout rates
Along with other factors like safety, reputability, game variety and deposit methods, one of the many things we here at CasinoSites.com.au look for before recommending an online casino are the payout rates. Only certified casinos with high payout rates get our seal of approval. Here are some of the best online casinos offering the highest payouts:
1/ Casino-Mate – Payout rate of 98.5%
2/ G’day Casino – Payout rate of 97.12%
3/ Slots Million – Payout rate of 96.60%
4/ House of Jack Casino – Payout rate of 96.36%
5/ Royal Vegas Casino – Payout rate of 95.8%
6/ Wintingo Casino – Payout rate of 95.5%
7/Joe Fortune Casino – Payout rate of 89.2%
Sign up for an account with any of these casinos using our links and you’ll be rewarded with some exclusive new player welcome packages that include great incentives like matched deposit bonuses and free spins.
Highest payout online casino games
You’ll notice that each individual game at an online casino offers its own RTP. This is the minimum amount of money the game must payout in winnings compared to the amount of money that’s spent playing it. For example, if a game is listed as having a 97% RTP, it means that 97% of its revenue is paid back to players in winnings, while only 3% of money spent on it is turned into profit for the casino.
Games with higher RTP’s are favoured by players as this generally means you’ll have more wins more often – but that’s taking luck and skill into account, depending on the type of game you’re playing, and is calculated over the long term. Some players have mistaken a 97% RTP to mean they’ll only lose 3% of their bets no matter how much they spend, but RTP’s don’t necessarily work in the short term, so regardless of what a games RTP is, never bet more than you can stand to lose.
Some games that require a certain level of strategy to play, like video poker, have the potential to return over 100% to a player. Other table games like blackjack and roulette use a house edge instead of an RTP to explain payout rates. For example, if a table game has a house edge of 0.5%, it implies an RTP of 95%.
Online pokies with the best RTPs
Online pokies is where the RTP seems to vary the most, although playing online will almost always offer better returns than playing on a land based machine. While these games might not necessarily be the best online slots the Web has to offer, these are some of the online pokies offering the best payout rates:
- 1429 Unchartered Seas by Thunderkick – 98.6% RTP
- Kings of Chicago by NetEnt – 98%
- Good Girl Bad Girl by BetSoft – 97.7%
- Blood Suckers by NetEnt – 97.6% RTP
- Magicious by Thunderkick – 97.6% RTP
- Gypsy Rose by BetSoft – 97.6% RTP
- Big Bad Wolf by QuickSpin – 97.6% RTP
- Devils Delight by NetEnt – 97.6% RTP
- Hot Ink by Microgaming – 97.5% RTP
- At the Copa by BetSoft – 97.4% RTP
- Simsalabim by NetEnt – 97.5%
- Bork the Berserker by Thunderkick – 97.3% RTP
- Kathmandu by Microgaming – 96.7%
- Big Kahuna Snakes and Ladders by Microgaming – 96.86% RTP
You can find all of these pokies available for free or real money play at our recommended online casinos, with welcome bonuses up for grabs for new players. We recommend Bovada Casino as our top-rated casino site for players from United States, which has some excellent welcome bonuses available for new players along with a great range of instant-play casino games to choose from.
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