Bingo Payout Rate
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There’s nothing better than landing a bingo win. We all love to win. So why not try to play at some of the best payout bingo sites. These sites are amongst the best on the net for paying out. Our roundup will let you know where and how to play, to maximise your winning potential.
Top Bingo Payout Sites
Cheers BingoCheers lets you spin the wheel for up to 500 free spins. Enjoy a 95% RTP on Fluffy Favourites!
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What are Payout rates?
Payout rates are percentages which tell users how often a site or a game pays out. When most of us log on to a bingo site, we want to know how likely it is that we’ll win. A high percentage payout rate means that a site or a game pays out more frequently. Therefore, it stands to reason that we are more likely to win when playing here. These are the sites that are considered to be the best payout bingo sites uk.
What do these percentages mean?
The payout rate may also be called RTP. This stands for Return to Player. You will always find this as a percentage. As we mentioned above, the percentage calculates how likely a site is to pay out. Therefore, if a game or a site’s percentage is low, it is because it doesn’t pay out very often or very highly. For this reason, you always want to aim to play a game or site which has a high percentage. Anything over 97% RTP is considered high.
How are these percentages calculated?
As bingo sites and instant games are very volatile. Therefore as part of bingo payout rules, payout rates are calculated in the long term. Calculating in the short term would give wildly inaccurate figures. The reason that the RTP is calculated as a percentage is because it is based on every £100 wagered. Therefore, if you see that a game has a 95% RTP then you’ll know that for every £100 wagered on the game, another £95 is paid out.
Another term player may hear is the house advantage. This is the opposite of RTP and is used to describe the advantage that the site has over the player. Therefore, if a game has a 20% house advantage, you can calculate that it has an 80% RTP.
How can you tell if a site has a good payout rate?
Sometimes it can be difficult to find the payout rate of a site. Your best bet is to enter the name of the site followed by ‘RTP’ to find the information that you need.
Other sites will have a dedicated page for players to check the RTP of games and of the site in general. 888 Ladies is particularly efficient at this. By logging onto their Instant Games RTP page in the Terms and Conditions section, you can find a wealth of information. Here you’ll gain access to the RTP of every instant game available at 888 Ladies, in addition to the overall RTP of the site.
Bingo vs Instant Games RTP
Just like instant games, bingo is subject to RTP statistics. However, the RTP on bingo games on any given website is likely to be lower than instant games. When determining how likely a bingo game is to pay out, it is best to judge it alongside other bingo games. This way, you’ll gain a more realistic comparison.
Bingo RTP rates can sometimes be found in the individual game’s terms and conditions, or in the full site terms and conditions.
Bingo With Cash Payout
To sum up, a high RTP generally means a higher payout rate. However, this is not an exact science. Bingo and instant games are volatile which is why any percentage are calculated in the long term. Take a peek at a site’s terms and conditions page to find out the payout rate.