If you’ve been into online casino games for a long period, then you might have heard the term RTP. However, the new players may not be familiar with this. RTP (Return To Player) is the percentage that shows how much amount it will pay out to the players for spins. This article will outline the important things you need to know about RTP on slot machines.
What is RTP?
In Online Casinos, each slot machine will have a percentage that shows the wagered amounts that will be returned to the player. So, if you are playing slots with the intent to make a huge profit, then you must choose high RTP slots. If the slot machine you select displays an RTP of 94%, this indicates that you can expect to receive $94 for every $100 you wager. Hence, the Return to Player (RTP) essentially represents the sum of money that one can anticipate losing during slot game sessions.
Also, this number is calculated based on the huge number of spins.
How to find the RTP of a Slot Game?
Finding the Return To Player (RTP) of slots is not a tough nut to crack. However, the method of determining a slot’s RTP may vary depending on the platform through which you are accessing and playing the slot games. If you are playing slots from an online casino, finding the game’s RTP is not a big deal. You can find it in the Info or Help section of the Casino’s website or app. If not found, you can directly chat with the gaming operators and resolve your issue. In the Brick-and-mortar casinos, you might need the staff to find the slot machine’s RTP for you.
Is there any connection between winning frequency and RTP?
There is no need to be confused, both are entirely different. These are two separate things. Winning frequency shows the probability of how often a winning combination will be formed on the reels. However, the RTP rate indicates the amount of wagered money that will be returned to the player. So, before choosing a Slot with the highest RTP to wager you must check the game’s winning frequency to avoid losses. The Winning frequency of a game can be determined by referring to the paytable of the slot machine.
Understanding Different Types of RTP Slots
When it comes to slot machines, setting up an RTP for a game is a complex process. This process gets more complex if the game is an elaborate one. Factors like the features of the slot machines and the number of pay lines involved should be considered in determining the RTP. To put it briefly, the developers should ensure that the game returns the expected percentage. Currently, there are 3 types of slot RTPs available in the market.
High RTP Slot Games
High RTP slots are classified as slot machines with a return to player (RTP) ranging from 97% to 99%.
Average RTP Slot Game
The RTP of Average Slot games is 94% to 96%.
Low RTP Slot Game
These are slot machines with RTP between 90% to 93%.
Variance and RTP, are they the same?
Most of the players mistook the variance and RTP. Even though, both are correlated, they are not the same things.
Variance is the factor that governs the behavior of a slot game in terms of prize winnings, payout frequency, and long-term risk level. It serves as an indicator to determine whether a video slot game carries high, medium, or low risk, along with the corresponding potential rewards. Lower variance slot games have a chance to land in winning games (small wins) more often. However, the prizes will be lower. The higher variance slot games might provide the players with fewer wins, but the reward prizes will be higher.
Traditional or Online: Which Casino Provides the Best RTP?
Most gamblers who switch to online slots from land-based casinos will easily realize that online slots offer better payouts. Despite the prevalence of misconceptions and false beliefs in the world of gambling, this particular observation is accurate.
The majority of online slots, even if they are the same game, boast significantly higher RTPs. Land-based slots typically have payout percentages ranging from 70% to 90%. Online slots with RTPs below 94%-95% are generally considered less attractive, and many of the newer games have RTPs exceeding 96%.
This discrepancy is not the result of a conspiracy in traditional casinos. Slot machines in brick-and-mortar casinos have lower payout rates because these venues have limited space. Consequently, they must generate more revenue from the slot machines on their premises to cover expenses and turn a profit.
On the contrary, online casinos offer higher RTP, Because they have no space restrictions and can cater to lakhs of players at a time.
Final Thoughts
Having a better knowledge of the RTP of slot games can help players decide which slot games to choose. It is the higher RTP slots that will provide the players with a high return if it is for the long term. Since it is now evident that RTP determines the fortune of a slot player, be sure to check and find the high RTP slot games to improve profit.
Read More: What are free spins in slot games?
