What is a ‘Payout Table’?
The term payout table – or pay table – refers to the way that casinos and bookmakers label what the potential winnings are in different situations in a game. Taking a step back, a payout is what’s available to be withdrawn by a player after they’ve won a game, bet or wager – a pot of prize winnings. For instance, a win on an online blackjack game credits a player’s account, which they can then withdraw, otherwise known as their payout. It therefore follows that a payout table sets out what players could expect to go away with should they win the game.
‘Payout Table’ Explained
Casinos, bookmakers and online gambling platforms must clearly indicate their payouts for the games they offer. One way of doing this is to prominently display a payout table, setting out what they could win if they choose to play a particular game, usually seen at casino games tables. Designed to be clear and upfront, it should provide a useful indication of potential gains to help players decide whether it is in their interests to play.
This differs from payout percentages or return to player (RTP) figures, which provide information on how much of a cut the house (the casino, bookmaker or gambling provider) takes from a machine, game or casino table, averaged out over thousands of plays. For instance, an RTP figure of 90% would indicate that a particular slot machine returns $90 out of every $100 played on it back to players in payouts, but keeps $12 as profit. It’s important to know that while these percentages can be a useful illustration, they should not be relied on as any indication of the predictability of winnings, particularly in the short term.