What is a casino's RTP?
The RTP (or Return to player ), the house (or the casino) advantage and the payout percentage of a slot machine are very similar or even similar concepts.
Posted on 22nd June
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The RTP (or Return to player ), the house (or the casino) advantage and the payout percentage of a slot machine are very similar or even similar concepts. We will cover the three concepts in this article as well as the volatility of slot machines.
RTP explained by exampleFor experienced slots players, one of the most important things to know about a casino game is RTP. Return to Player can help players estimate roughly how much they could lose while playing a given slot machine.
Never heard of RTP? No problem. Think of RTP as the casino edge (or the house edge).
Take, for example, one of the famous Starburst slots. NetEnt tells us that the RTP for Starburst is 96.1%. If we apply our previous analogy, it means that the casino edge will be 3.9%. In theory, this means that players will get back 96.1% of what they wagered.
Of course, this does not mean that for every € 100 wagered in the Starburst Slot Machine, the player must win € 96.10. This is where the reason we used the word “theoretically” comes into play. If we were sure to get less of what we're playing each time, it wouldn't make sense to gamble, right?
It should be remembered that RTP is calculated over a long period of time and not on each part. In this way, the player can walk away with a gain of € 80 after a simple bet of € 10 (and why not the jackpot?), Or leave with a completely empty bankroll.
Slot machines are completely random thanks to RNG ( Random Number Generator ) technology, but the Player Return value gives some useful advice.
Information about the RTP level of individual casino games can usually be found on the casino's website or on the website of the game provider who designed the game.
House (or casino) advantage demonstration via Wikipedia :
he house edge is the average amount of players losing. If a player bets on a single number, there is a probability of 1/37 that the player will win at French roulette and win 35 times his bet, and 36 out of 37 that he will lose his bet. The advantage of the casino is therefore 2.70%
What are slot machine payout percentages?To put it simply, the payout percentage is the average amount of money that will be returned to a player in the form of winnings, relative to the amount the player has wagered. The key word to remember here is “average”. Win Percentage cannot guarantee how much you will win in a session, or even 100, but the more spins you do, the more likely you are to get your results to be close to the machine's win percentage.
It is easy to understand that a higher payout percentage favors the player. That is why it is very important that you do your research and focus on the slots with the highest payout percentages.
Casinos make a profit by building an edge into the rules of the game. This is reflected in the payout percentage and applies to all casino games, not just slots.
But, as we said before, this is only an average. During the same session, there is always the possibility of hitting a big jackpot or, on the contrary, a series of bad luck. This is one of the reasons people love slot machines. They give you the opportunity to explode the payout percentage with a big payout.
Play slots with the best payout percentagesAs a smart gamer, you know you need to find the slots with the best chances of winning. It's good to play for fun, and it's usually a priority for slot players, but it's also more fun when you have the best chance of winning and you know you have something for your life. silver.
In the next section, we'll tell you how to find the best games and how to give yourself the best odds of hitting a big jackpot.
The slot machines offering the best payoutsIn addition to reading slot machine reviews, there are several other ways for players to find the slots with the highest payouts. Always check the payout table of a slot machine before playing for money. It will tell you the maximum payout you can win on the symbols, as well as the caps a casino can place on the jackpot amount.
Players should always check the type of slot machine they are playing. That's not to say that slots will never offer such big payouts as progressive jackpot slots. However, players who expect to win millions on a penny slot machine will be disappointed.
Finally, players should always check a game's payout percentage. Find a slot machine title with a 95% RTP or higher, these games will generally pay out more often than slots with a lower RTP.
How to find the payout percentage of online slots?The online games and offline operate on the same basic principles as regards the payment of slot machines. Remember that knowing the numbers is just as important whether you are gambling on the internet or in your town's casino.
If you are looking for online casinos that actually pay, you can start by taking a closer look at the payout percentages. You are probably wondering where you can find these statistics. With online casinos, it's usually pretty straightforward.
The payout percentage is sometimes displayed on the rules or info page of the game itself, or as a list on the online casino's or game developer's website. Where the slots payout percentage is displayed, try a quick Google search with the name of the game and the words “payout percentage” or “return to player”. If that doesn't work, a good last resort is to contact the casino directly using their live chat or customer support tools.
In general, online casinos offer better payout percentages than traditional casinos. This is because the overhead costs are lower and an unlimited number of people can play the same game at the same time. It is common to see slots with payout percentages in the range of 97% which is much harder to find in real life.
Home advantage explainedWhen you hear bettors talking about “the house edge”, they're actually referring to the same thing as RTP and payout percentage. The house edge is the statistical edge of the casino which is built into the rules of the game.
The house has an edge on almost all bets in the casino, but the size of this edge varies widely depending on the game, or even between different bets in the same game. The house edge is represented by the average percentage of your stake that the casino will keep. A game with a payout percentage of 95%, for example, has a house edge of 5%.
Variance in slot machinesWhen players discuss the payout percentage at slots, the topic of variance usually follows. Also known as volatility or payout frequency, variance refers to how often a slot machine pays out jackpots, and the size of the payouts.
The variance of slot machines can be divided into three types:
- Low variance slot games: These games have frequent wins, but the amounts are usually small token jackpots.
- Medium Variance Slots: With these slots, players can expect to win fairly frequently, with a combination of small token wins and larger payouts.
- High Variance Slot Games: Players can experience long periods of starvation with these slot games, but when paid out, the payouts are huge.
Casinos and slot machine games generally do not show a game's volatility on the paytable. However, players can find this information online or on their own through free slot machine games.
Just spin the reels a hundred times in a free game and note the winnings. If you have triggered the paylines frequently, but the amounts usually don't exceed 2 times the original bet, then the game is a low variance slot machine. If the opposite happens, it is a high variance slot machine.
In general, low variance slots are found on penny slots and small jackpot games. Most progressive jackpot slots, like Mega Moolah, have high variance, which is not surprising given the huge jackpots they offer.
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