What is Red Flush Casino’s Payout on Slots?
There is a lot of confusion regarding the meaning of the term payout percentage. Often people mistakenly believe that a slot game’s payout percentage will influence their likelihood of winning on that slot machine. This article explains what is meant by payout percentage, how this applies to particular games and to casinos. The article also examines the regulatory bodies that ensure online casinos enforce their payout percentages.
What is Meant By the Term Payout Percentage?
The payout percentage of a particular game refers to the amount of money that is paid back to players compared to the total amount that is wagered on the machine. The payout percentage is measured across extended periods of play and does not apply to an individual player’s session on the machine. Let’s look at a specific example: if a machine has a payout percentage of 93% it means that 93% of all the money wagered on that machine over an extended cycle will be paid back to players. In other words, if all the money that has been wagered on that machine amounted to $/€/£ 100, the machine would pay $/€/£ 93 back to its players, over a period of time. This principle does not apply to an individual player’s session and if you were to wager $/€/£ 100 on a machine with a 93% payout percentage it does not mean you will win $/€/£ 93. The hold percentage of a game refers to the amount of profit a casino makes from a particular machine. The hold percentage is determined by subtracting the game’s payout percentage from 100. In our example of a 93% payout machine, the hold percentage would be 7%.
Red Flush Casino’s Payout Percentage
Red Flush Casino’s payout percentage for slot games is 95.70%. The casino’s payout percentage for table games is 97.03% and for Poker games it is 98.02%. A casino can set the payout percentage of its slots, but there are minimum payout percentages that apply within the gambling industry and there are also various regulatory bodies that ensure casinos pay out the percentage they have advertised to their players.
Who Monitors a Casino’s Payout Rate?
As mentioned above, there are various regulatory authorities that ensure online casinos comply with the agreed upon practices of the industry and one of the elements that is most rigorously assessed within casinos is their payout rate. eCOGRA, the e-Commerce and Online Gaming Regulation and Assurance authority, monitors reputable online casinos and any casino that bears the eCOGRA Safe and Fair seal has passed rigorous safety and security tests. Red Flush is one of the casinos that have been certified by eCOGRA. This means that eCOGRA regularly inspects the casino to ensure that their Random Number Generators are working as they should and that the casino has paid out the percentage specified on its eCOGRA certificates.
If you visit a reputable online gaming site, you should see the eCOGRA icon at the bottom of the home page. If you click on this button, it will show you the most updated certificate issued by eCOGRA. eCOGRA issues certificates verifying that a casino has paid out the correct amount on a monthly basis and issues certificates for RNG programs on a biannual basis. You should never play at an online gambling site that does not bear the eCOGRA seal for safe and fair gaming or some other certification of fairness issued by a similar regulatory organisation.
Popular Misconceptions Regarding Payout Percentages
Some players believe that payout percentages are changed on a regular basis and that at certain times of the day, or certain days of the week, the payout percentage will be higher. This is not the case: the casino game’s manufacturer sets the machine’s payout percentage to the casino’s specifications. The payout percentage is embedded in the casino game’s computer chip and cannot easily be altered. At land-based casinos, players sometimes suspect the staff of changing their games’ payout percentages because they have not been tipped enough etc. Changing a machine’s payout percentage is not as easy as the flick of a switch.
Many players believe that the payout percentage drops after the jackpot has been hit on a machine. This is simply not true. The payout percentage remains constant, even after it has paid out a jackpot. This is similar to the belief that you are less likely to win on a machine if the jackpot was recently won, but, with RNG technology, every spin of the reels is entirely random and independent of the last spin. This means you have the same odds of winning with each spin of the reels.
People also confuse the payout percentage with the slot machine’s variance. The slot machine’s variance refers to its inherent risk. On a machine with low variance, the player is likely to win regularly, but the winnings will be relatively small and on such a machine large jackpots are seldom struck. On the other hand, high variance machines do not offer as many small winnings, but when the player does win, the amount is likely to be much larger than what you would win on a low variance machine. The slot machine’s variance is not related to its payout percentage though; a slot game may have a high variance and also a high payout rate.
Lastly, players often believe that they will win more on a machine with a higher payout percentage. As mentioned earlier, the payout percentage is measured over an extended period of time and does not really apply to an individual, isolated session. You may play for 15 minutes on a machine with a payout percentage of 87% and walk away with triple the amount you wagered. On the other hand, you could play for hours on a machine with a 96% payout rate and still lose all your money, if Lady Luck is not on your side.
The Last Word on Payout Percentages
Although a slot machine’s payout percentage will not necessarily influence your odds of winning on that machine, it is always a good idea to check an online casino’s payout percentages and whether an independent regulatory body monitors these payout rates. You should only play at accredited gambling sites to ensure that you are playing casino games that have been certified as safe and fair.