The games with the smallest house edge are the games with the highest payout percentage. The payout percentage is worked out over thousands and thousands of games. In essence, a payout percentage of 98%, means out of every $ wagered on that game, $98 .
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Of course there are various versions of each game so you need to pay attention and check the rules of the specific game.
How you can know which site offers better payouts and which parameters affect it?