A very common question that gets asked by a lot of gamblers is “Are the odds different between online casinos and real-life casinos?” The answer is a defiant YES!
Now before you think that real-life casinos must be paying out more because it’s just to easy to rig the software that online casinos use, think again.
Firstly, the software that is used by almost all online casinos is checked and verified for accuracy and randomness by reputable standards firms such as Price Waterhouse Cooper. These firms guarantee that the online casinos offer odds that are completely fair and justified, and are not in favor of the casino or the player. What this means is that any online casino that uses reputable software, such as Microgaming, Playtech or Cryptologic online casinos software can guarantee that they offer games that are just as fair as, and usually a lot more random then any real-life casino.
As a secondary thought, think about what it must cost to run a real-life casino. Just the electricity bill for the lights on the slot machines would be more then most of us could even think of! The overheads for running real-life casinos are amazingly high, and all this money has to come from somewhere. That somewhere is from the pockets of the players.
Online casinos don’t have these same overheads. They do have a lot of the same overheads like staff, security and customer service, but they don’t have the same overheads for the building, electricity, food, entertainment, etc. In short, it costs a lot less to run an online casino, so they can easily offer odds that are a lot better.
As a bit of an example, the average payout for slot machines at real-life casinos averages around 90%. For most online casinos these odds are up between 95% and 97%, with some online casinos offering return odds as high as 99%!
Overall, online casino sand real-life casinos have their own advantages and disadvantages. If you’re looking for a great social experience, a good steak and a show, then a trip to a real-life casino is definitely for you. However, if you’re looking for the best return on your money, great game play at your own pace and the ease and security of playing from your own home, then playing at online casinos is definitely for you.