Online Casinos
December 11th, 2008Odds on Betting on Online Casinos:
Online casinos are 50% luck and 50% strategy or sometimes 99% luck or will depend largely on your strategy. And of course there are games where you cannot generally affect the outcome so much – slots and keno being prime examples. It is also proven however that online casinos generally offer a better return on games of chance.
For example “fruit machines” are typically set at between 70% and 80% payouts, whereas the majority of online casinos will typically have expected returns of 90% to 95% on slots. The main difference is that online slots tend to offer higher “top payouts” and therefore higher rate of losing streaks before hitting the big payouts or jackpot. But these big payouts often make up a fair chunk of the expected return, so without them it may look that the slots seem meaner than their hardware counterparts. Online casinos publish payout percentages for certain groups of games, as determined by independently audited statistics.
In general, slots machine are set to about 95%-96%, and this was a fairly accurate indicator for online casinos in general. Much better than land casino slots in general, but it’s still a muddy area, with many operators not publishing exact figures at game level .








