Understanding the Casino Payouts

As you look out for an online casino to register, you can see this term popping up everywhere. What exactly is a payout? Keeping it sweet and simple! Casino payout is the percentage of the bet amount that a casino pays out. This is just the amount you wager at a game, not the deposit you make at the casino. For example, take the casinos percentage to be 96%. This means that the casino gives 96% of all the bets combined to the player. casino payout should be listed in full view of players. If it is not displayed in a prominent position the reliability of the online casino comes into question.

Casino Payouts

But how do you know if the payout is as advertised? The only way to verify this is to look for fair play certificates by independent auditing companies such as eCogra and Online Players Association. The important point to be noted is that not all games in the casino offer the same payouts. It differs from game to game and the payout percentage can be changed at the discretion of the casino.

Every game in a casino will favour the house in some way. Consider Blackjack which is known to have the highest payout with around 99%. Not all Blackjack players play strategically which means the casino still gets a higher percentage of house edge. Slots offer a quite decent return to the player with the payouts being 93%-97%. But looking at games like Bingo and Keno, they have the worst payouts of all with it being only around 60%. But not to say that you won’t win anything. If luck is on your side, then you can profit out of it. But remember to withdraw your winnings periodically.

Withdrawals

Withdrawals are as important as choosing a casino with a good payout percentage. The transactions need to be safe and secure. The licensed online casino also checks for the identity of the person withdrawing. This is also to prevent under-age gamblers and problem gamblers. The most preferred ways of withdrawing your winnings are Credit/Debit Card, Cheque and Bank transfers. Credit/Debit cards are still favoured by everyone due to its simplicity and the time taken for the transaction is considerably less. Now that you are informed about payouts and withdrawals, make sure you choose an online casino like Chelsea Palace which provides a safe and secure place for gambling. Gambling is all about having fun and making a profit. Make sure you choose a casino with transparent auditing process.

Chelsea Palace – The Ultimate Online Casino

Chelsea Palace is home to a host of casino games like slots, table games, bingo and live casino. The casino is powered by Nektan and hosts famous titles from Red Tiger, NextGen Gaming, NYX Gaming, IGT, ELK Gaming, Blueprint and Core Gaming. The live casino is powered by Extreme Live Gaming. It also has fantastic welcome bonus and attractive offers for its loyal players to ensure that you take home big payouts.