Payoff Meaning – Total Amount Received After Winning a Bet
The payoff is the total amount of money you receive after winning a bet. This term always has the same meaning, no matter what casino game you’re playing or what bets you’re placing.
The payoff is not the same as net winnings, as the payoff includes both the bet and the winnings.
For example, if a player gets a payoff of $100 after placing a bet of $30, the difference between the two numbers are the net winnings, in this case, $70.
So, often, the size of the payoff isn’t the only thing that matters. Instead, it’s how much of it is made up of pure profit.