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payout percentage

The definition for payout percentage:

Also referred to as the payback percentage, the percent of each dollar played in a video or slot machine that the machine is programmed to return to the player. Payback percentage is 100 percent minus the house edge.

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Expected win rate

Expected win rate
A percentage of the total amount of money wagered that you can expect to win or lose over time.


Open

Open
In poker, the player who bets first.




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  www.casino-on-line-glossary.co.uk is a glossary of common gambling related words by T4 Innovations.