RacingBetter News
	Friday 20th October 2023

Maximizing Your Winnings: Best Online Casino Payouts in Australia

If you want to increase your chances of winning at online casinos, you need to use certain strategies. What kind of strategies are we talking about, which casino games have the highest payout rates, and how to manage your bankroll on the best paying online casino Australia platforms? Find out in the following text.

Tips to Increase Your Chances of Winning at Online Casinos

Playing real money casino games is a lottery, mainly because of the luck factor that plays a big role in whether you win money. However, there are a few tips and tricks you can use to your advantage. Here are the best strategies that can help you increase your chances of winning at online gambling platforms.

Play On Regulated and Licensed Online Casino Sites

The first thing you have to do is check if the site you plan to play on is licensed and regulated by the gambling authority body, such as MGA, Curacao, or Kahnawake. You can check this by scrolling to the bottom of the page and looking for the seal of one of the gambling bodies listed above. 

The gambling license guarantees that the operator adheres to all gambling rules and meets the fair gambling policy.

Learn the Rules of the Game

Each casino game has different rules you should learn before you start betting. In this way, you’ll know how to make the right decision regarding your bets, as well as when to give up. 

For example, slot games have the simplest rules. To win, you have to match 3 to 5 identical symbols, depending on whether it’s a 3-reel or 5-reel slot. On the other hand, each table game has different rules. For example, roulette and keno are the easiest to learn, while craps and poker will take you much longer to master.

Test The Games in Demo Modes

Once you learn the rules of the games, test them in demo modes. This is how you'll become familiar with their gameplay and features. Likewise, you'll get to practice different betting strategies without risking your money. Both slot and table games come in demo modes, while this rule doesn't apply to live dealer games. The most popular software developers that offer their games in free-to-play modes are:

• NetEnt

• Microgaming

• Novomatic

• BetSoft

• NextGen Gaming

Place Small Bets

Another factor that can help you increase your chances of winning at online casinos in Australia is to place small bets on multiple games. For example, instead of placing $100 on one game, place $20 on five different games. This way, you don't risk losing large amounts of money, and at the same time, you increase your chances of winning.

Claim Welcome Bonuses and Participate in Ongoing Promotions

All online casinos in Australia offer welcome bonuses to their new players to attract them to their platform. These bonuses can come in the form of  1 minimum deposit casino and no deposit bonuses.

Deposit bonuses will match a certain percentage of your deposit. For example, if the match bonus is 100%, it means that your deposit will be doubled. On the other hand, to claim no deposit bonuses, you won’t have to make a deposit. 

Keep in mind that both types of bonuses come with wagering requirements, winning caps, and specific time limits that you’ll have to meet. In addition to bonus funds, these deals can also include free spins on specific slots. When it comes to ongoing promotions, you should take advantage of reload, refer-a-friend, and high-roller offers.

Become a Loyalty Program Member

Loyalty programs are intended for existing players. These programs are made of several tiers, and each level comes with certain rewards, such as bonus cash, free spins, and cashback. The more you play, the more points you’ll collect, which will help you advance in the levels.

Games With the Best Payout Rates in Australia

All casino games have a specific payout rate that will determine how much money you’ll be able to win. On that note, here's what you need to do to find the games with the best payout rates in Australia.

Check the RTPs

Each casino game comes with an RTP, i.e., the percentage you'll get back from your $100 bet. For example, if the game has an RTP of 97%, you'll get $97 of your bet back. Slot games have an average RTP of 96%, although this number can go both ways.

That said, to increase your chances of winning, opt for slots that have RTPs over 96%. You should also play low-volatility slots. Why? Because low volatility games will hit the winning combination more frequently, although their value is lower than high-volatility games.

Another tip is to play slots that have a large number of paylines and that incorporate bonus games.

The most popular slot games In Australia that have a high RTP include:

• Playtech's Ugga Bugga - 99.07%

• NetEnt's Mega Joker - 99%

• Thunderkick's 1429 Uncharted Seas - 98.6%

• Yggdrasil's Jokerizer - 98%

• NetEnt's Blood Suckers - 98%

Know Your Odds

In addition to understanding the rules, you must also know your betting odds, which brings us to the term house edge. House edge refers to the advantage the casino has over the players, i.e., the percentage they will keep from your bet. 

For example, if you play a game that has a house edge of 5%, the casino will keep $5 from your bet. Casino games with the lowest house edge and the highest winning odds include:

• Blackjack - average house edge of 1%, odds of winning 49%

• Craps - average house edge of 1.52%, odds of winning 50%

• Roulette - average house edge of 5.26%, odds of winning between 47.3% and 48.7%

• Baccarat - average house edge between 1.06% and 1.24%, odds of winning between 44% and 46%

On the other hand, casino games with the worst odds include keno and slots.

Opt For Slots With Fixed Jackpots

Although chasing massive progressive jackpots is one of the main reasons why people play online casino games, if you want to increase your chances of winning, we recommend playing slots with fixed jackpots since they are triggered more frequently.

The most popular slots with fixed jackpots are:

• Ling Chang by Design Works Gaming

• Divine Fortune by NetEnt

• Wolf Gold by Pragmatic Play

• Fire Forge by Stormcraft Studios

• Mustang Gold by Pragmatic Play

Tips For Managing Your Bankroll

Now that you've learned how to maximise your winnings, we should discuss managing your bankroll. Here's what you should do to reduce the risk of losing your money.

Choose Your Preferred Payment Method 

Each payment option comes with different processing times, limits, and fees. Therefore, choose the method that suits you best for both deposits and withdrawals. 

The most popular payment options on Australian-friendly casinos include debit cards, like Visa, MasterCard, and Maestro; online banks, like Instadebit, Poli, and Entropay; e-wallets, like Skrill, Neteller, and PayPal; and cryptocurrencies, like Bitcoin, Ethereum, and Litecoin.

Cryptocurrencies and e-wallets offer the fastest payouts, while debit cards and bank transfers offer the highest withdrawal limits.

Set Your Budget

The golden rule of gambling is to not spend more than you can afford. That is why it's vital that you set your spending limit as soon as you open an account at an online casino. In this way, you'll avoid losing your money, and you'll also limit your playing time.

Luckily, many casinos offer the option of setting deposit and cashout limits during registration, so we encourage you to take advantage of this opportunity. You can also use responsible gambling tools, which include wagering limits and cool-off periods.

Don’t Chase Your Losses 

Chasing your losses is the worst thing you can do for your wallet. It can also lead to addiction. On that note, if nothing goes your way, accept your losses and stop playing. The same rule applies to winning streaks. Don't push your luck by increasing your bets.

Cash Out A Portion Of Your Winnings

To protect your money, we advise you to take out a portion of your winnings, which should be greater than your deposit limit. This will stop you from making larger bets.

Money Won Is Twice as Sweet as Money Earned

To sum things up, you can increase your chances of winning at online casinos by playing on licenced platforms, understanding the rules of the games, placing smaller bets, and claiming bonuses and promotions. In addition, you should play games with low variance, high RTPs, and low house edge. 

And finally, to keep your bets in order,  set your spending limit, use reliable payment options, and avoid chasing losses.

 

Author’s Bio:

Lola holds a degree from the University of Tasmania (UTAS), post-graduation, she collaborated with gambling operators to innovate new bonus structures and enhance game features. She has consistently championed responsible gambling as a cornerstone of the affiliate industry. For now, she leads as the Chief Editor at Au Casinos List, setting the gold standard in online gambling journalism. Lola Henderson, an Australian online casino writer, has been in the business of writing about online gambling and casino games for years.