Payout Percentage and Online Blackjack

I feel kind of bad after my post this morning. I kind of made online blackjack sound like it wasn’t as good as regular blackjack. The truth is that while I do enjoy a trip to a casino and the whole casino experience, I prefer to play blackjack online. And I’ve got some pretty good reasons as to why.

For starters online casinos and online blackjack have better payout percentages overall than regular casinos. The reason for this is that online casinos don’t have all the overhead to worry about paying that casinos do. Casinos have utility bills, employee wages, machine maintenance and more. While online casinos do have employees to pay and some expenses that are not as great in quantity or magnitude as casinos’ expenses.

What this means for the online blackjack player is that they payout percentage usually tends to be lower.

Payout percentage is the total amount of money paid out to players divided by the total amount of wagers made. The result is then multiplied by one hundred, and there you go, the payout percentage.

It is calculated the same way for an online blackjack game, only the wagers and payouts in consideration are those that apply to that one game.

Because of the smaller overheard, online casinos can afford to payout more to their players. This means that you have a greater chance of making more in winnings in an online casino. Think of it as the savings being passed on to you.

The reason for that online casinos pass the money onto their players rather than keep it is for two reasons.

First online gambling has increased dramatically over the last few years. It’s a more convenient way to play. Online casinos aren’t tight for money so that have room to work with players.

Second, the online casino industry is highly competitive. To keep players of popular games such as online blackjack, these online casinos need to be competitive. They offer greater payout percentages than casinos to keep themselves up with the competition and to keep players coming back.

The Pros of Blackjack Online

Upon thinking about it I’ve come to realize and appreciate some of the pros to playing blackjack online.

Firstly, I can play wherever I want. I don’t have to travel to a casino and mess with hotel reservations. Nor do I have to deal with the worst thing: packing to go and unpacking when I come home. I can site in my home office in my PJs and play to my heart’s content. Pro: Online Blackjack can be played wherever you can get internet access.

Secondly, I don’t have to worry about my speed of play. I can play as fast as I want or at a more leisurely pace. I don’t have to worry about another player slowing the game down either. Pro: The pace of the game is set by me and controlled by me.

Thirdly, and one of my favorites, the payout percentage of playing at an online casino is higher than at a land-based casino. This is because online casinos don’t have nearly the amount of overhead costs that an online casinos has. For example, online casinos don’t have dealers since a ‘dealer’ is built into the game software. With less overhead costs, online casinos can payout more in winnings. It’s not unsurprising to see an online casino with a payback percentage of 97-98%, meaning that they’re only keeping 2-3% of all money wagered; the rest is paid back to players in winnings. Pro: The payback percentage is greater meaning, I could win more.

Fourth, the bonuses and loyalty programs. Sure land-based casinos can hand out comps for free food and rooms in the casino’s hotel, but can they give me free money? Can they give me paybacks on the money I’ve lost? Nope. Online casinos will offer Welcome Bonuses ranging from $888 up to $20,000 to new players. And their loyalty programs will give players weekly deposit bonuses and paybacks on a percentage of money lost in wagers from a previous week. Pro: While land-based casinos can give me free food and maybe a room, playing blackjack at an online casino can give me free money to play with.

To me it seems that playing blackjack online not only offers convenience, but it also offers some great monetary rewards as well. And while playing in a land-based casino can give you the thrill of the casino environment, which is fine, sometimes it’s fun just to stay home in your PJs and bunny slippers and receive some bonus money.