Online betting – also known as iGaming and encompassing online bookies, casinos and bingo games, to name a few – can be one of the most fun activities on the web, with so many different ways to get in on the action. But knowing how different games pay can determine which games are the most fun and the most potentially profitable. Whether it is betting on roulette, baccarat hands, football or NBA, each type of online betting comes with its own payouts and differences worth paying attention to.
In terms of the best payouts relative to the amount invested, online slots are often the way bettors like to go, based on the fact that big jackpots can be won on small wagers. With so many online slots games out there, many of which promising progressive jackpots that keep rising until someone wins them, it can feel like it is hard to know where to begin, but there are some indicators you can look for to determine the right game for you.
Perhaps the most important thing to look for is the RTP for an online slots game, or Return to Player. This value tells bettors what they can expect to make back from their slots wagers over an extended sample size, with the higher the RTP percentage meaning the more of your investment you will get back over time. Of course, over a smaller sample size, that return on investment can vary, but that variance can often be caused by large payouts from jackpots and bonus rounds being accessed. In terms of a low risk, high reward betting platform, online slots are the weapon of choice for many.
Casino Table Games
Casino games outside of slots are structured a little differently than slots in most cases, where there is a set amount that a bettor is trying to win with each wager ahead of time. Whereas slots can offer the allure of a jackpot or bonus round to ramp up the potential win amount ahead of time, a bettor often knows what their ceiling is on a wager before the dice are thrown or the cards are drawn. These games also have a more clearly defined probability on a hand-by-hand basis, though, which can be appealing to some players even if there aren’t any jackpots to look forward to.
For example, in blackjack bettors are often looking to double their wager by winning a hand, with the potential for a small addition should they win a hand with blackjack. In roulette, betting a specific number yields a high payout, whereas betting on a color or section of numbers offers a more modest but often more attainable return on investment.
Sports betting is becoming more and more popular, and it isn’t hard to see why, as it has the ability to combine the things people like about casino games and slots. Each spread or total wager has an implied win probability of 50%, with the vig acting as a house edge like you’d see at a roulette table, for example. But parlays and other exotic wager types provide the possibility for huge payouts at the expense of the low likelihood of winning that bet, similar to what you would see with a slots jackpot.
On the whole, there are a number of things that make each type of betting unique and each type of payout better than others. Which games and payouts are preferred by each player boils down to personal preference more than anything.