Even if you’re new to the online gaming industry, there’s one question that everyone wants to know and that is, of course, how likely am I to win? Payout frequency is hugely important now and that’s why it’s essential to know the best payout bingo sites on the market. It’s all fun and games until there’s no money left and this is the main incentive for many players as nobody wants to waste their cash on games they’re never going to win! If you want us to let you in on the secret to all the best online bingo sites for winning, then keep on reading. Don’t say we’re not good to you all!
What is RTP?
RTP stands for ‘return to player’ and is a percentage that lets gamers know how often they are likely to win. This is important because not all bingo sites and slots will have the same percentages and players obviously want to go with the best online bingo payouts site they can find! The percentage is calculated on a wager of £100. If this stands at 100%, players have an equal chance of winning to the casino, but if this figure drops this shows us that the player is losing more money than the casino. Likewise, if this figure rises above 100%, the casino is losing money to its players and this would obviously be a good choice of game to play!
So, back to basics and the information that you all really want to know! This calculation means that if for example, the RTP on a game is 92%, £92.00 will be paid out of that slot for every £100 that enters it.
While this is definitely a good indication of how well a game pays out, it shouldn’t be taken as 100% accurate as this is the calculation given for wagers over a long period of time. It’s also important to note that slots can be very high risk and extremely unstable.
Another term to keep an eye out for is ‘house advantage,’ which is the total amount of money that the casino is likely to hold on to for every £100 wagered.
Are there T’s and C’s to look out for?
We would always recommend personally checking out the specific terms and conditions for the site you are using as the information provided here is general and is designed to help you make a more informed decision when choosing what bingo site to use.
While RTP is an extremely important aspect of choosing which bingo site to go for, all your hard work could be undone and cash locked in if you haven’t double checked the wagering requirements for each site. Wagering requirements are the level of funds you must bet before you can withdraw any of your cash winnings and, in short, means you have to invest a whole lot more of your own money before you can access any of your winnings. Not ideal for those who aren’t heavy gamblers!
Really, it’s all about weighing up the RTP to the wagering requirements to figure out what the best deal for you is. Again, make sure you’re not caught out by high wagering requirements, because what’s the point in earning all that cash but not being able to use it? We would suggest having a look at the bingo sites we’ve listed above if you’re looking for the best deals around!