While it does help to have a certain knowledge of mathematics to improve how you play certain online casino games, it doesn’t necessarily mean you have to be a genius.
Understanding the odds and the payouts in games like roulette and blackjack can help you make better decisions and place more strategic bets that are more likely to return a small profit. Also, understanding which slots have a higher RTP% (Return To Player Percentage) payout rate can help you pick slots that are more likely to payout. Learn more about this right here.
Understanding roulette odds
European roulette is a fun table game that you can enjoy playing on desktop and mobile devices. It has multiple bet types, some of which are far more likely to occur than others. For example, in roulette, the payouts for the different bet types are as follows:
- A winning odd/even, red/black, numbers 1-18 or 19-36 pays 1:1
- A column/dozen bet pays 2:1
- A line bet pays 5:1
- A corner/four bet pays 8:1
- A street bet pays 11:1
- A split bet pays 17:1
- A straight-up bet pays 35:1
Examples of online casino roulette payouts
Here are some examples of the payouts you can expect to receive when playing at any fully licensed online casinos you can find at top-notch casino sites like NewCasinos.
If, for example, you placed a $/€/£10.00 straight-up bet on the number 17, and this is where the roulette ball comes to rest at the end of the round, your total payout would be $/€/£360.00 (which includes your $/€/£350.00 winnings and your initial $/€/£10.00 returned).
If you placed a $/€/£10.00 bet on the outcome to be red, and this outcome occurs, your total returns would be $/€/£20.00 ($/€/£10.00 winnings and $/€/£10.00 stake returned), and if you place a $/€/£10.00 winning corner bet with 8:1 odds, your total returns will bet $/€/£90.00 ($/€/£80.00 profit and your $/€/£10.00 stake), and so on.
Based on these payouts, you can see that bets with 1:1 odds are more likely to occur than bets with 35:1 odds. However, your payout would be much less with 1:1 odds than it would be with 35:1 odds. If you want to stay at the roulette table for longer periods of time, the best thing to do would be to try not to place too many straight-up bets.
Before playing for real money, you may want to practice playing roulette in the free-play demo mode or at least watch a couple of tutorial videos on YouTube. It would be best if you also took the time to learn blackjack rules before playing this game. Learning basic blackjack strategy can also massively help improve your game.
Online slot machine RTP% rates explained
Each time you hit the spin button of an online slot machine, the outcome is predetermined by a Random Number Generator (RNG). This mathematical algorithm program produces results that are as fair and realistic as possible with no discernible pattern.
Today’s best online slots that are brought to you by the industry’s leading game development studios and software providers tend to have an average RTP% rate of around 93.00% to 98.00% or higher. This means that a slot with a recent 98.46% payout rate has paid out more than a slot with a 92.27% payout rate.
Some players will only look for online slots with a 98.00% or higher RTP payout rate and will not play slots with 95.00% or lower RTP payout rates. However, it doesn’t mean to say that you are guaranteed to win more on a slot that has a higher payout rate than other slots.
How are payout rates calculated?
Payout rates are calculated by trusted independent online casino testing agencies, such as eCOGRA (eCommerce Online Gaming Regulation and Assurance), over four to six weeks.
If players spent a total of $/€/£500,000 on the Mega Moolah online slot from Microgaming over a four-week period and received $/€/£484,650 back in winnings, it means that this game had an average 96.93 RTP% payout rate for the period under review.
Other notable online casino testing agencies are iTech Global Pty Limited, Gaming Laboratory International, Technical Systems Testing (TST), Global Lab Limited, Quinel Ltd, and BMM Testlabs. These trusted names also use their systems to play millions of spins on the slots they are testing to determine average payout rates.
If you’re looking for online casinos with above-average payout rates, go to the official NewCasinos website for a complete list of fully licensed, highly recommended online casinos.