Golden Palace Blog : How Payouts are calculated?

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Posted by Perplex on Jan 11, 2005

Hello Every1 ! I was wondering how casino percentage payouts are calculated? I mean Golden Palace claim to have payouts of 98% it looks good but how we came to that number?
If you bet 100 and you end with 120, the payouts will be of 120%. But if you continu to bet that 120$ and you end at 78.. now the payouts is (120+78 )/(100+120) = 90%

Postes by Karl21 on Jan 14, 2005

I agree that 98% payout rates doesnt look realistic... Online Casino profits would only be 2% ?? I don't beleive it!

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