The gambling industry thrives on diversity and competition; every casino is trying to rile in more customers by offering the most attractive gaming incentives. These incentives are often in the form of bonuses and loyalty rewards, but those are becoming so mainstream that the only real incentive for players now is how fast or how high the casino pays.
Since bonuses are now intrinsic in online casinos, customers are torn between the choice of casinos that pay them more and those that pay them faster. There is a slim chance that a user finds both features in one casino operator. However, your fast-paying casino does not make the cut for the highest-paying category.
But how do you tell a high-paying casino apart from a fast-paying one? Aside from putting your fate in the casino (isn’t that what we do with gambling?) Here are simple ways to find the best paying and fastest paying online casinos around the world:
Best paying casinos depend on the type of games
There are still some arguments on how much control casinos truly have; Are Casino games rigged? Is the RTP just for show? These are valid questions, but when it comes to finding the best paying casinos, your primary concern should be what the games are worth. The Best paying casinos do not come with stamps or settings that crank up how much they can pay you; instead, their games have high odds and even higher RTP.
Wait, what is RTP?
Return to Player is the percentage of winnings the player can expect to get from the game. It estimates what the casino will pay back to you and other players on a particular game. Casinos include the RTP as a percentage in the game description to help players recognize how high they can win from the game.
RTP does not estimate the probability of winning; it only calculates the percentage of reward you can get when you win. Games with higher RTP are likely to yield more rewards when you win. High RTP in this context is from 95% to 99.8%. If a game has 96% RTP, it means you can win up to 96% of every dollar you put in it. If you put $20 into that game, you can win up to $19.2 (96% of $20).
While these RTP Percentages determine how much goes between you and the casino, it is usually determined by the game, not the casino. The casinos are merely platforms for playing the games; they are not often the creators of the game; game developers are usually responsible for winning advantages like the RTP.
Other factors that may affect your win include the Variance and Hit Frequency of the game. However, these factors are more present in slots than in other games. If you are lucky to find a gaming operator that offers Progressive Jackpots instead of regular slots, you may have found your version of the Best Paying casinos.
How are Progressive Jackpots different from Regular Online Slots?
Slot games or Video Lottery Terminals operate with Randomly Generated Numbers (RNG) that have some winning sequences. Hitting the random winning sequences qualifies you as the winner of that round. But Casinos also offer jackpots, predetermined winning sequences that offer huge payouts to the player that hits them. These jackpots are often Progressive, and they increase in quantity every time someone attempts them but does not win.
The increase in the Progressive jackpot, like the winning sequence, is often predetermined. This means that the game developer or casino can program the jackpot to increase by $1 every time someone attempts but does not win. If a hundred people try their luck with that jackpot but do not win, the 101st person has a chance of winning $100 more on the jackpot.
Such increases in Jackpot purses and large gaming RTP are the factors that create the best paying casinos.
Fastest payouts online casinos depend on the type of payment method
Payment in Casinos is a standard for credibility. Every time punters fill in their Credit card or online banking details; they are putting their trust in the casino to protect their data. Maintaining this trust is half of the credibility gauge. The other half is that the Casino pays their customers. The fact that a player gets their winnings means they can trust the casino with their subsequent payment. However, the speed of the payment depends on the payment method.
The most prominent influence on the speed of payments by these casinos and their proffered payment options is the time for verification of accounts and payment destination. Best practices and licensing regulations demand that they ensure they are not making payments to fictional accounts or supporting fraudulent activities. The verification process can take a few hours, depending on the payment option.
While these options are universal, providing certain payment options can determine if the casino is one of the fastest paying casinos. The casinos with the fastest paying options are usually the fastest paying casinos. The duration of payment differs with the payment options. You can use your credit card to withdraw your winnings within 24 to 48 hours of clicking “Cash Out” or “Withdraw”. Internet banking can take between 3 to 5 working days, while e-wallets are, like Credit Cards, often available between 24 to 72 hours.
The difference between Credit Cards and E-wallets is their connection to banks. You often get these Credit/Debit Cards from your banks, and they are linked to your checking accounts, unlike E-Wallets that are independent payment methods with no connection to your bank accounts. E-Wallets operate digitally and have lesser payment restrictions than Credit cards.
With the increasing reluctance of online banks and mainstream financial institutions to accept Casino payments, e-Wallets owned by Paysafe Limited, such as Skrill, Neteller, and Paysafe, are getting more patronage from online gamblers in New Zealand. The fact that these e-wallets also accept and store cryptocurrencies is another reason for their booming patronage.
Highest Paying Casinos Are the Best Casinos in The Market
Payment has become a universal standard of credibility among casinos. However, since the speed of payment is not always within the casino’s control, the actual test of their popularity is how high they pay. Casinos that offer games with considerable odds and high RTP percentages are often the most popular in the market. The test of their reliability will always be whether they pay their customers. Still, most regulated casinos pay within the stipulated time, so the patronage will depend on how high their customers can earn.
High Payouts Are Calculated Across Countries
Unlike land-based casinos, online casinos are not bound by local or national boundaries. Unless the regulations in certain locations restrict some of their features, online casinos apply the same rules everywhere they are available. These rules include the amount of their payout. Casinos maintain consistent RTP and Odds rates, irrespective of their users’ locations.
When a player in Australia wins high after betting on a slot game, another person in New Zealand that places the same bet on the same online casino will win the same high payment. However, their payment time may differ because of local regulations on withdrawals or verification time.
Conclusion
Choosing between high-paying casinos and fast-paying ones is entirely up to you. Some days you need to cash out quickly; other times, you need to stack it up for later, no judgment here. Gambling has always been about the odds. But here are simple ways to tell the difference between both types of casinos:
How to spot a best-paying casino –
- Best paying casinos have progressive jackpots.
- A lot of online players
- will show up frequently on search engines and casino review sites.
- will probably be certified by eCOGRA
How to spot a fast paying casino –
- will have multiple options of e-wallets and withdrawal methods,
- will be licensed by large and known gaming authorities,
- read T&C – won’t have long-pending times for payouts.
Finding the best paying online casinos and the fastest paying casinos is more accessible with the growing number of gambling guides. Several experts and gambling enthusiasts make frequent reviews of the available casinos in New Zealand and Australia.