Today we are taking a look at fast payout online casinos. It’s exciting when you do have a win at an online casino, that boost of some extra cash can add an extra exciting element to your game. The last thing you want is to find yourself having to wait for your payout.
Below we are going to explain the most important factors that create an online casino that has not only a fast payout but one that offers a great payout percentage which will add cash to your winnings when you do want to withdraw them.
Checking the Overall House Edge
Knowing what the house edge is and how it works is important. Simply put, it is a mathematical advantage that the casino you are playing at has on your bet. The casino (or house) needs to make a profit to keep running. The house edge ensures that the casino makes a profit over the long term.
Of course, the house does not have to beat every player, but it does take a small percentage of all initial bets and wagers as profits, but over the long term. This means that you might win, break even, or even lose, but if you play long enough any losses will finally reach the house edge.
Remember, even if you are expected to lose money over the long term it is still possible to win as anything is possible in the short term. In fact, if you are more experienced, betting does not have to cost you a lot of money. For example, if you bet £5 an hour and the house edge is 5% enjoying an hour of entertainment is better value for money than going to the theatre as playing 5x an hour on a game that has a house edge of 5% would cost you just 25p an hour.
So, as a rule of thumb, the higher the house edge is on any one game, the bigger the profits will be for the casino, but in the long term and only on the initial wager made.
The Return to Player Percentage
The return to player (RTP) percentage is also known as the expected return or payout ratio. Each game at your new casino site will have a different RTP and it can be thought of as the direct opposite to the house edge.
If the game you are playing has an RTP of 95% then you can expect in the long-term to win 95% of the money staked with 5% going to the house (casino)
Both the house edge and the RTP vary across many different games. Looking for those games that have a lower house edge and a higher RTP as this could give you a better chance of winning (with a little luck on your side).
Payout Times Compared
There are many online casinos today that pay their winners almost instantly once a withdrawal has been requested. There are also a great many online casinos that will leave your request pending for anywhere from a few hours to a few days.
Once a request for the withdrawal of winnings has been made it can also be reversed and placed back into a player’s account which can be a double-edged sword as it means more time playing, but of course, you could lose your winnings too.
However, there are ways that you can make sure you do withdraw at least some of your winnings and one sure-fire way is by requesting a flush of your withdrawal. This is when you request the casino to move your winnings from the banking interface, sending them to their cashiers’ department where they will be placed in the queue to be paid.
Knowing how long any certain software platform takes to pay you out is also useful. For instance, many Microgaming casinos have a pending period that lasts between 24 to 48 hours whilst most Playtech sites have a pending duration of around 4 days.
Those online casinos which use multiple software providers have reduced or completely done away with all pending time periods, so make sure you know exactly what to expect when it comes to pending time periods as each site can be different.
If you do want to know the pending time frames then check out the casinos’ banking pages to see what their expected payout times are as the shorter time you have to wait to enjoy your winnings the better.
In Conclusion
No matter where you live in the world, as long as you have an internet connection there are more than enough online casinos to play at. Of course, some casinos are better than others which means that you should really look a little deeper before deciding to opt-in.
It really isn’t just the size of the bonuses and promotional offers that should convince you to play at any particular site, rather you should also look at the other services that the site offers like instant or near-instant payouts.
Make sure that the temptation to gamble your winnings is avoided. Playing with small wins is fine, but make sure that you set yourself the rule of withdrawing any substantial winnings, which is more difficult to do if the pending time does not exist.
