Online casinos are sources of entertainment all over the world and, every day, more and more people are encouraged to try their luck. But is it really possible to make a profit in online casinos?
Let’s face it, we could all use a little extra cash. Whether it’s to pay off a debt, pay for that dream trip or just go out for a beer with friends. It doesn’t matter if it’s a small prize or a big one; like the national lottery that gave away millions of pounds. The opportunity to win extra money while having fun is really tempting.
Gambling operators provide the opportunity to try your luck without leaving home through online casino bonuses. Something that is very important in the new normality. Casino platforms are full of multiple games of all kinds; skill, chance, table games. And, each game has its degree of difficulty and payout percentage.
People’s greatest fear before depositing money in an online casino is the feeling of being at the mercy of the casino. Who can assure you that your losses or gains are a product of your luck? Of course, if we win we don’t complain, but in case of losses we might think that the game was fixed.
Percentage Return to Player (RTP)
The phrase “the house always wins” is true. Casinos; both local and online, get a percentage of profit from all games. It’s a business at the end of the day and for them it must be profitable too, otherwise where would the money come from? However, just as the casino earns a certain percentage all the time, users have the opportunity to win thousands in one go. This is due to the percentage of RTP (Return to player).
In order to understand how losses and gains work in online casinos we must know what percentage of the winnings each game returns to the player. For example, in theory, a slot machine with a 98% RTP will return £98 for every £100 wagered. The casino keeps 2% of the bet in the game and gives 98% in prizes among the players.
Casino Games RTP
As we mentioned, each game has a different percentage of return to the player. For example:
- Slots: Generally slots must have an RTP of over 95%. But, ideally, you should choose slots with RTP’s above 97%.
- Blackjack: Blackjack is a game of luck and skill, in theory the RTP of blackjack is 99%. However, this varies according to the skill of the player. If the player bases his moves on strategy he could win 200% of his bet or 0% in case of a loss.
- Roulette: In the case of roulette it depends on what type of roulette you choose; European, French, etc. European roulette (one 0) has a RTP of 97.5%.
Can online casinos modify RTPs?
If you’re on a losing streak, it probably crossed your mind that the game is fixed. That the casino has probably had enough losses and is taking it out on you in particular. Nothing could be further from the truth. The games hosted in the casinos belong to different software developers that, among other things, guarantee that the RTPs are fixed and cannot be altered.
On the other hand, if you register at legal online casinos, your bets and games will be supported by the General Directorate of Game Management; which guarantees fair play by licensed operators.
It is certainly possible to win at an online casino, as well as to lose the money bet. It is a game of chance after all. Whenever you play, do it responsibly; accept your luck as it comes. Don’t let your good luck run away with you and don’t let your defeats cloud your judgment. What are you waiting for to play?