Playing at a real money online casino can be entertaining, but let’s cut to the chase – at the end of the day, we all want to win real money. Since making money is the primary goal, it is crucial for players to be able to pick online casinos based on their payout percentages and trust worthy random number generators.
In this article, we provide a list of the top paying Australian online casinos, each of which has been vetted by our industry experts.
What is Casino Payout Percentage and how is it calculated?
In order to give yourself the best chance of making the most real money while playing at a casino, you will need to play at a casino with a high return to player percentage. That begs the question – what is Return to Player percentage (RTP)?
In short, if a slot has a return to player percentage of 92%, then the slot pays back 92% of all the money wagered on it.
Each game will have its own RTP, and the cumulative RTPs of all of the games in an online casino will determine the payout percentage of the entire casino. The RTP of a certain game effectively indicates what percentage of the total money wagered on the slot is paid back as winnings over time. From a player’s standpoint, it is very simple – the higher the RTP, the better.
So, how is the casino payout rate calculated? Casino payout rate is calculated using the actual RTPs of all the slots and games on offer at the casino.
To simplify, let us consider a casino only offers two slots, namely, A and B:
Slot A has an actual measured RTP of 90%
Slot B has an actual measured RTP of 80%
The casino payout would simply be the mean of the two RTPs which is (90+80)/2 = 85%.
Games with the best RTP
Before we get into the best paying casinos, let us look at some of the best paying games. We will do this by considering the RTPs of these games of course. Also, we will only be focusing on games that Australian players can indulge in.
Some of the highest paying slots are:
Good Girl Bad Girl - 97.79% RTP
WhoSpunIt - 97.64% RTP
Gypsy Rose - 97.63% RTP
Safari Sam - 97.50% RTP
So, even if you really want to give yourself the best chances of winning good money, we recommend that you play one of these slots on one of the top paying Australian online casinos.
For the casino the house edge is effectively the turnover the casino makes on average from a single bet. This can vary for different types of casino games. As a player with a goal of maximizing profit, you ought to pick the type of casino games that have the least house edge. So, if the house edge for a casino on slots are about 10%, this means that for every $1 bet, the casino should theoretically make a profit of 10 cents.
Which games have the worst odds at casinos?
As mentioned above, as a player looking to give yourself the best odds of winning. You should always choose to play the type of games that have the least house edge, since these games will have the best odds and vice versa. So, as much as possible you should avoid playing the type of games that have the worst odds, such as –
Wheel of Fortune – odds of winning are around 25 – 40%
Poker – Odds vary erratically
How do slots payout vary when it comes to land-based casinos vs online casinos?
To begin with, online slots usually publish their RTPs. Most online slots at the time of writing have a RTP value ranging from 91% to 98.5%. These are great RTPs as far as the player is concerned. Coming to land – based casinos, the RTP is usually not even known to the player, and the RTP range generally varies from 89% to 93.5%. Therefore, there is simply no doubt about it, online slots give you a much better chance of winning than their land – based counter parts.
Who controls the RTP?
The RTP is usually set by the casino. In some cases, the software developer sets the RTP for a casino. The most common occurrence is that the software provider gives a range of RTP and the casinos then adjusts to one value within the range.
Which agencies certify payouts?
How do you, as a player, know that the RTP or casino payout published by an online casino is in fact accurate? Well, there are certain agencies that certify and audit casinos and their games. As part of their certification, they also verify the accuracy of the published casino payout percentage and the RTP of individual games as well. These organizations are independent auditors that are not affiliated with the casino. Two such agencies are eCOGRA (eCommerce and Online Gaming Regulation and Assurance) who are known and trusted around the world and then there is also TST (Technical Systems Testing).