What
is the payout ratio? Is there authority over it and is it
supervised?
An
online casino payout is a number that is calculated from
monthly statistics usually by a third party auditing firm. The
payout value describes how much of the casino's monthly
turnaround returns to players and how much is kept by
casino. It
is calculated from actual casino software logs for all games
played in the casino during the past month. As all casino games
are precisely balanced from statistical viewpoint the payout
dynamics comes from elsewhere and casinos with highest payout
ratios are more attractive to the players because players have
better chance to win.
The online casino payout has nothing to do with bet payoffs;
those are two entirely different concepts
Example: an online casino with reported 98.5% payout impliess
that out of (hypothetical) $1,000,000 that players wagered last
month $985,000 was won back or otherwise taken by the players,
leaving the casino with only $15,000. Notice that payout ratios
are derived from actual data and must be verified by independent
auditors. It is a statistical value that can only be applied on
large number of games and players and it is useless to try and
predict any accurate victories for yourself based on this number
- it's only statistically meaningful when related to other
variables of it's kin.