The online casino industry is one of the most in-demand iGaming of all time. The latest Compound Annual Growth Rate (CAGR) reached 10.9% which means that the betting market reached as high as $61.5 billion in 2021. There is a big chance that it might reach $ 114.4 billion by 2029.
iGaming industry bridges the possibility of the player to wager in their comfort without going to the physical casino. It is fast, efficient, and convenient. Ever since mobile wagering became available since it was introduced in 2004 through Microgaming software, the digital betting world had continuously evolved and upgraded. Now through the advancement of technology, the casino games of online sites have state-of-the-art graphics and themed slots. Online betting games are accessible to cloud gaming and can be played in Virtual Reality.
The merging of technology and the casino pave the way to players to enjoy endless possibilities in terms of betting.
What about the payment method? Is it crucial to wager online? Is it trustworthy? These are just some of the questions betting sites typically encounter and it is okay to ask. Players make real cash deposits hence it is rightful that they get their money’s worth.
1. Check the license
It is imperative that one should know if the betting site is legit or not. Usually betting sites advertise free games. Grab this chance and scrutinize their platform if they are legit or not. A gambling license is usually found at the bottom of the platform. In case you cannot find it, ask the customer service representative of the site about it. If you get a reply, look for another site. There is a possibility that the site you are viewing is a fraud one.
2. Check the forum
There are forums about betting sites and here you will find out which sites offer the best deal, and the best odds, highly recommended sites because of their bonuses, rewards and Return to Player (RTP) scheme and fraudulent sites. It is best that players should be knowledgeable about this.
3. Payment method
A banking scheme is very necessary for the online casino because it is where all monetary transactions occur. Most casino sites offer more banking options so that the player can choose which payment method they are comfortable using. Online casinos with best payout increase the chance of the player and offers a higher Return to Player (RTP) percentage.
The RTP is a percentage that was taken from the winning payout of the player during the game which means that if the player gets lucky and has won $100, the $10 will go to the betting site automatically. The remaining $90 will be given to the player as the net payout. Some betting sites offer high percentages as high as 90 to 96%.
The RTP is decided by the house edge depending on which casino games the player is playing. As mentioned, the betting sites can go as high as 96% in their offer for RTP to the players. However, it varies to the game they are into. Card games and table games typically offer higher RTP because there is a 50% chance for players to win. A possibility of 100% is given to the player if they play poker if the house will not ask for payment.
Which Online Casino games offer the Best Payout?
- Blackjack: Players find this card game to be the best when it comes to payout because it offers 99% RTP.
- Baccarat: The house edge of Baccarat is 1.36% which means that it offers a high percentage.
- Roulette: Roulette, particularly French, has multiple loops and offers a single-zero version. For this reason, roulette offers a higher payout.
There are other games that provide the best payout such as slots. Before placing a bet, know the RTP of the casino games that you wish to play to enjoy wagering more.