Land casino payout rates explained
You will usually find payout rates as a percentage and this indicates the percentage a particular game will pay out over a certain time period. The payout rate is different between land based casinos and online casinos.
Land based casinos typically have pay out rates ranging from 65% to 85%. The most frequently used payout would be 75%.
An example of a land based casino with a 75% payout;
If you were playing at a land based casino at $10 per spin with a 75% payout rate you would expect to win back $75 for every 10 spins. This would mean the casino would have made a $25, or in percentage terms, 25% profit.
However, 10 spins would not be a long enough time period to find out that the slots game in question was paying out at the advertised rate and you could lose half of your first 10 spins, then lose all of the next 10 spins and then win back 400% on the following 10 spins.
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