It can be tricky to calculate your probability of winning on an online betting site. Casinos are just like any other business enterprise. They want to make profits while giving players substantial returns on their bets in the long run.

Betting sites try to use their statistical history to set up the probable amount that players can expect to win. One of such tools is the payback percentage.

This term exists most casino games have a large element of luck attached to them. In the write-up, we will explore the meaning of casino payout rate and other terms affiliated with it. You also learn the best Australian online casino payouts.

What is the meaning of casino payout rate?

It is crucial not to confuse “cashout amount” with “casino payout rate.” Cashing out refers to the process of withdrawing your earnings after winning.

In simple terms, casino payout percentage refers to the amount of cash that a casino disburses compared to how much a player spends. It is like a reference figure. A good casino will paste its payout rate on its site to attract players.

However, don’t be too swayed by casino payouts. There are other things to look out for before choosing a casino. The main purpose of payout rates is to give punters an idea of how much they can win or lose during games.

If a casino has a payout rate or percentage of 90%, you will win an average of $90 on every $100 you bet in the long run. This is the point you should pay a little more attention to.

The casino cashout rate doesn’t represent what you can get from a single round of play. You will need to play 1000 to 10000 games before the payback percentage can become what is stated.

What is RTP for casino games?

Return To Player shares some similarities with the payout rate. The major difference is that RTP is usually more specific to games, especially online slots.

Casinos usually calculate RTP by running a large number of simulations on games instead of tracking the activities of players. Remember that RTP applies in the long term.

If you need the RTP for a slot game on an Australian casino, you can check the information pages on their site. Note that people don’t win the predicted RTPs in the short term.

It is possible to win bigger or smaller than the RTP on a single trial for a casino game. The approximate payout rate for most popular casino games is 94.9%.

What slots have the biggest RTP?

Mega Joker

Mega Joker is one of the most popular slot games in the market.  It still maintains its supremacy despite being released a long time ago.  This is all thanks to its high RTP of 99% and high volatility.

This exciting game from Netent features three rows and five pay lines. It also features a progressive jackpot and a super meter mode.

Ooh Aah Dracula

This is a thrilling and highly rewarding slot game from Barcrest. Ooh Aah Dracula has five reels and 10 pay lines. It has a wonderful theme and design.

If you love risking high roller spins in the highest paying Australian online casino, this is the game for you. The Return to player for this game ranges from 96% to 99%.

Ugga Bugga

Ugga Bugga has a high RTP of about 99.07%. It is an awesome classic slot with a carton theme. This catchy game from Playtech comes with enhancing symbols like Tiki masks, huts, and coconut drinks.

The icing on the cake is the bonus rounds and multipliers. With the Ugga Buga jackpot, you can win up to 1000x of your prize. You should play this slot game’s demo in a top paying online casino Australia.

Rainbow Riches Pick n Mixgame

Rainbow Riches Pick n Mixgame is another high RTP game from Barcrest Gaming. It has an Irish-related theme. Once you start the game, you will see a green field with mountains in the background.

You will play with five reels and 20 fixed pay lines. Rainbow Riches Pick n Mixgame also offers a wide betting range for several bettors.

1429 Unchartered Seas

1429 Unchartered Seas does not follow the conventional design of most slot games. It has a theme related to sea exploration. You will see symbols like lobsters, octopi, and the ship wild symbol. In this game, you can win up to 670X your initial bet.

Its low variance and 98.5% RTP makes it a good option for people who want to maximize their bankroll. 1429 Unchartered Seas’ free version is available on huge payout casinos in Australia.

Jackpot 6000

Jackpot 6000 is one of Net Entertainment’s best games. Low stake players love this retro game. There is no auto spin option. You can click the wrench on the screen as much as you like.

Take your time to learn before playing Jackpot 6000 for real money in the best payout casino online Australia. One amazing fact is that Jackpot 6000 has a mobile casino app. Many classic slots don’t have this.

The Catfather

This remarkable slot game has an RTP of 98.1%. It has 9 pay lines, 3 rows, and 5 reels. It has a funny theme filled with symbols of cats, mice, and kittens. You can play this game on one of the best paying online casinos Australia that payout huge amounts.

Jokerizer

Yggdrasil gaming powers Jokerizer. Jokerizer is a non-progressive slot game that combines a smooth interface with simple gameplay. It has 5 reels and 10 pay lines with an RTP of 98%.

This game has to-notch sound and graphic effects. Play this game for real money in Australian casinos.

Blood suckers

Blood suckers is another well-designed slot from NetEnt that offers a high RTP of 98%. This fantasy-based slot machine has the potential to give you big wins. If you are searching for a unique experience, play Blood suckers in a high payout online casinos.

Starmania

There are many online casinos that offer this popular game, including the best paying online casino Australia. Starmania has a 97.86% RTP. It has an extra wild attached to the third reel. This game has an enticing package for newcomers.

Jackpots and volatility

Payback percentage is not the only factor that determines your earnings in the highest payout Australian online casino. Jackpot and volatility also affect your win from games.

Jackpot refers to the highest reward a casino game or slot machine has to offer. It applies to video slots most of the time. There are two types of jackpots- the non-progressive jackpot and the progressive jackpot.

A progressive jackpot is not hinged at a specific amount. As more people play on the slot machine or network of slot machines, the progressive jackpot continues to increase to as much as thousands of dollars.

Once someone hits the jackpot, the jackpot gets reset to its starting amount. A non-progressive jackpot is a fixed amount that doesn’t increase, even in the best payout online casino Australia.

On a general note, volatility refers to the risk associated with playing a particular casino game. Volatility, as applied to a slot, refers to how often the game pays and how much.

Low volatility slots will help you win small amounts on a highly frequent basis. A high volatility slot means you will hit higher payouts on less frequent occasions. RTP, volatility, and jackpot combine to determine the best online casino payouts.

What Slot Strategies Are Available To Maximize The Win Rate?

Are you looking for the best casinos to play and maximize your win rate? Here are some tips that will prove helpful.

  • Ask yourself a question. Which online casino pays the best? Make this a priority during your research on the available betting sites. Choose the highest paying casino.
  • Don’t play emotionally. Stick to your budget and avoid chasing your losses on slot machines.
  • Keep in mind that higher denomination slots have higher RTPs.
  • Take advantage of the available promotions and bonuses.

How To Use Bonuses To Increase Winning Chances?

There are several types of bonuses for slot games. Each of these bonuses will prove beneficial. Some of them include:

  • Free spins: Casinos had them out in batches of 10, 20, and 40, 100, and higher. Few betting sites and the best payout casino Australia offer wager-free spin bonuses.
  • No deposit bonuses: You don’t need to deposit any amount to win this kind of bonus. They can come in handy.

What Is The Best Paying Online Casino In Australia?

There are several good Australian casinos that payout very well. Two of them include:

  • Katsubet: Once known as Mars casino, some people claim that Katsubet is the best payout online casino Australia 2021. It has whooping bonuses and games.
  • Pokies parlour: Are you looking for the highest paying online casino Australia? Pokies Parlour is a new casino that can fit into this picture as it one of the best paying online pokies in Australia.

Conclusion

You should have gotten an insight into the lingering question “which online casino has the best payouts”? Prepare your bankroll and get ready for action. Even if you are pretty experienced, you have a lot to learn. What is the best online casino in Australia? There is no specialized answer. Choose the betting site that suit your needs. Good luck!

Frequently Asked Questions (FAQs)

  • Which Online Casino Has The Best Payouts?

There is no specific casino that will always retain the top spot of providing the best payouts. Look for a betting site that has a lot of games coupled with exclusive bonuses.

  • Do Australian players get taxed on their winnings?

No, Australian users don’t have to pay taxes for their online gambling winnings. Only the operators are required to pay taxes for their business.

  • What is the highest payout online casino Australia?

You can find all the top gambling sites that provide their users with the highest payout mentioned here on our website. Just pick the most suitable option for you and start your journey.

  • What is the highest paying online pokies?

As we mentioned before, there are several exciting pokies available for each taste that offer pretty high RTP rate. You can try one of the mentioned games above.

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