Month: November 2022
RTP Slots Frequently Asked Questions
To stay ahead in the liga slot market, online casinos need to offer players the latest range of games. However, this is not the only thing that matters to operators. Each game has parameters that both beginners and experienced players pay attention to. That is, the slot’s payback percentage or, in casino parlance, its RTP parameter. The higher it is, the higher the player’s chances of winning.
The Meaning Of RTP In Gambling
RTP or Return to Player is the percentage of the total bet amount on a slot that is returned by online or offline slots to players in the form of winnings. Sometimes referred to as player payout, it shows the ratio of the percentage of winning bets to the total bet. For example, slot machines have an RTP of 97%. If a player places a large number of bets with the same bet of 1 euro, it turns out that theoretically wins 0.97 euros in each game. The remaining 0.03 euros goes to the casino.
However, in practice, the theoretical RTP differs from reality. Chances of winning when playing slots consist of many factors such as hit frequency (chance to win on a certain spin), bonus frequency, maximum possible win, variance and volatility. As such, the payout percentage offered is a theoretical indicator of how much a slot machine or casino will return to its players in the long run. Apart from RTP, there is also a concept called House Edge. The two are often confused, so let’s find out what the difference is.
Who Decides The RTP
Now that we know what RTP is, let’s see who governs the return to player value. As games are developed, game software developers add a random number generator (RNG) to the program. This ensures that each round of play is not predetermined and nearly independent. These RNGs are tested for randomness by auditing labs such as BMM, iTech Labs, or eCOGRA. Developers can then use this RNG in their games. Both audit labs and developers using licensed RNGs can activate audit programs running hundreds of thousands of rotations in no time. The RNG algorithm used determines the RTP of the game.
Online RTP vs Offline RTP
Online slots have a higher RTP compared to offline slots because online casinos have much lower fees. Online slots are low maintenance and have low overhead. This is basically the monthly gaming royalty or percentage of slot turnover paid by the operator to the game vendor. There are hundreds and thousands of online slots because online casinos are not limited by the size of the venue. A brick-and-mortar casino can accommodate a certain number of physical slot machines that require installation, periodic setup, repair, and maintenance fees.
Read More : How To Find The RTP Of Pragmatic Play Slots
RTP And Volatility
As I wrote above, there are many factors that determine your chances of winning when playing slots. RTP isn’t the only one. Another important factor is volatility. For example, a high RTP, high volatility slot may be less popular with players than a high RTP, low volatility slot. Volatility, also known as variance, indicates how often and how many wins can be won on a particular slot game. Volatility can be low, medium, or high. Low volatility slots are programmed for more frequent but smaller wins. High volatility slots have high payout percentages and promise big wins, but small to moderate wins are rare in such slots.