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There is a lot of terminology around?casino gambling. Each game has its own rules, setup, and corresponding vernacular. And the concept as a whole has its own lexicon. Often we use words interchangeably. So for example you can make a bet, place a wager, or set a stake, and they all essentially mean the same thing.
Online gambling also has?its own vocabulary, and sometimes the terms used?can be a bit confusing. While we're not quite at the stage of reviewing an entire glossary, we are going to focus on one that is always positive, but not always used in the same way. And that is the?casino payout.
This is a long and involved concept with potentially?several connotations, so we're going to do this online casino payouts review almost like an FAQ - with each section answering different areas of potential inquiry about the topic, and what it means for you, as a player.
What Is a Casino Payout Anyhow?
Well that is the million-dollar question right there. That's because what a casino payout is, depends on how you're using the term. And even we can be "accused" of?using it in various ways.
- Technically, many would say, that a casino payout refers to the amount of money you can expect to win back from a casino over time. It is often expressed as a percentage, known as the payout percentage?or return to player, i.e. the?RTP rate. For example, if a casino has a payout rate of 95%, this means that for every $100 wagered at the casino, $95 of that would be paid back out to players as winnings in the long-term.
- The term casino payout, however, can also refer to the method by which you receive your winnings. The specific payout methods?depend on the casino, but include things like credit cards, e-wallets, and bank transfer systems.
- Sometimes the casino payout is also used as a synonym for the prize amount won?from a slots machine. But this, as we'll cover below, is not really precise, though we get the intent.
Is the Casino Game Payout the Same as Its Prize?
Getting paid means getting money, so payout and prize one might think are the same thing. But no, as it turns out, payout and prize are?not the same thing?in the context of?casino games.
Top payouts in terms of?cold hard cash?- like games with?six-digit figure prizes?or even in the millions - are a different topic entirely.
But while we're not going to explore that too much here, we'll just hint that if you want high paying gambles jackpot slots, games with a?high max bet limit, or?slots?with a top prize like 10,000X your wager are going to be a good direction to explore.
What's the Connection Between a Pay Out and Cashing Out?
With this question - of payouts vs. cashouts - we're getting to a bit of a different topic, but another super important use of the term. That's because the?word payout?in online casino talk is often?used in a cash out sense, and that in and of itself is the whole casino withdrawal thing.
That means sometimes you will see the word payout used in lieu of cashout; and cashout?in lieu of withdrawal. See the connection?
Which Payout Methods Should a Casino Offer?
When assessing the payout methods, as a pointer, you should be on the lookout for flexibility. This means examining?three main criteria.
- The casino offers?multiple options?covering the?basic formats?like popular e-wallets, credit cards, and bank transfers if needed.
- The casino processes withdrawal requests quickly, so you can get?paid out in a timely fashion.
- There?aren't too many restrictions?around cashing out. For example, the max withdrawal limit should be high enough to know that you'll be able to easily cash out a big win. Alternatively, the casino should at least have a policy in place as to how you'll be paid out according to an installment plan (which is totally legit, when you think of how even the big national lotteries often pay).
The Expert Roundup on Casino Payouts
Now that you're practically an expert on the concept of the fastest payout casinos?after reading this article - understanding what they mean in every context and permutation - the only thing left to do is put all that knowledge into practice!
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