Does online CASINOS have as good payout as live?

[Xiaoxiao]

Anyone can clue us in on this?  Maybe a software developer?  Shouldn't online casinos have BETTER payouts than live, because there is less maintenance, a lot faster, and ease of access?

[Cloudbet]

Anyone can clue us in on this?  Maybe a software developer?  Shouldn't online casinos have BETTER payouts than live, because there is less maintenance, a lot faster, and ease of access?

A large number of our games at Cloudbet.com have a higher payout rate than live casinos. Our highest payout game - Super 7 Blackjack - pays out 99.71%. Check us out!

Cheers,
Cloudbet

[addi]

Anyone can clue us in on this?  Maybe a software developer?  Shouldn't online casinos have BETTER payouts than live, because there is less maintenance, a lot faster, and ease of access?

Online casinos, especially Bitcoin casinos, do have on average a much higher payout. A lot are competing on house edge against each other and against classic casinos. Thus these can sometimes become marginally low, which is of course very good for the player.

[Xiaoxiao]

I don't know if I can trust the replies in this thread, because they are all by Casino employees/affiliates.  How about a software expert to chime in?

[addi]

I don't know if I can trust the replies in this thread, because they are all by Casino employees/affiliates.  How about a software expert to chime in?

I am the best of both worlds, a "software expert" who developed a casino that has been running flawless since early 2013. I did also not advertise the casino in my reply, so not sure what's wrong.

[Xiaoxiao]

I don't know if I can trust the replies in this thread, because they are all by Casino employees/affiliates.  How about a software expert to chime in?

I am the best of both worlds, a "software expert" who developed a casino that has been running flawless since early 2013. I did also not advertise the casino in my reply, so not sure what's wrong.

Oh I see.  So you are with satoshibet ?  So what is the payout for some of the popular games on there.  And how does the algorithm/ RNG work in online casinos?  Is it predetermined or does it change based on customer bet size/ other factors (like say customer is newbie, so let him win a bit).

[Timetwister]

Anyone can clue us in on this?  Maybe a software developer?  Shouldn't online casinos have BETTER payouts than live, because there is less maintenance, a lot faster, and ease of access?

Online Bitcoin casinos have a quite low edge compared to live ones, and even to online ones that have to pay for their licenses, taxes, etc.

[HeroCat]

Live casinos have better payouts, people are people, and software is better player than in live mode 

[panju1]

You can look at the 'house edge' different sites are offering.
Competition seems to be pushing these down.

[MaryKris]

You can look at the 'house edge' different sites are offering.
Competition seems to be pushing these down.

Yeah.. Where can I find that house edge man? That is like, the lower the house edge the better right?

[GodfatherBond]

It's all about adjusting.
I stopped playing online when I took a closer / backend look at big casino sotware - and what it makes possible for the operator.
Just don't play House edge = horse as*. It does not matter if operator is palying with own rules at backend.

[Chemistry1988]

You can look at the 'house edge' different sites are offering.
Competition seems to be pushing these down.

Yeah.. Where can I find that house edge man? That is like, the lower the house edge the better right?

Short answer: Yes.
Long answer: Instead of just comparing the house edge of different sites, you should also consider the deposit/no deposit bonus, rakeback and most importantly the trustworthiness.