The online gambling market is growing and evolving at a rapid pace. To stay ahead of the game, real money online casinos need to offer their players a wide variety of up-to-date games.
Besides the entertainment side, online casino software need to focus on gaming parameters that are fair and favorable in order to catch the player’s attention. One of the most prominent aspects of this is the RTP of the slot.
To understand RTP, you first need to know about the online gambling industry and its fair randomness.
All casino games, including slot machines, are certified that all results are entirely fair. This means that outcomes on each spin are always random and unique from one another.
We take a look at what is the truth about online slot games’ RTP?
What Does RTP Mean In Online Gambling?
RTP stands for return to player, and it is the percentage of the total winnings a player receives versus the number of bets placed.
Occasionally, online casinos that clear withdrawals fast refer to it as the player payout rate because it clearly indicates the percentage ratio of winning bets to overall bets.
To put it in layperson’s terms, here is an example of how RTP should theoretically work. If a slot has an RTP of 97% and a player makes a large number of consecutive bets of $1, by the end of each game, it should equate to the player winning $0.97.
This isn’t quite the case, though. Plenty of other factors come into play, such as hit frequency, bonus frequency, volatility, and maximum win potential.
RTP Vs House Edge
US players often confuse RTP and house edge, which is easy, with each indicating a payout value to the players. To make it simple for you to remember, here is a formula.
If the RTP percentage of a slot is 98%, then the house edge would be 2%, and vice versa. RTP is used with games like slots, while house edge is used for table games like poker, roulette, and blackjack.
Online Slot Games’ RTP
Now that you know what an RTP is, it is time to look more specifically at slot RTP. With the popularity of online slots, the games have rapidly advanced, showcasing more complex features, like increased pay lines.
With this comes a more detailed RTP calculation, which is set on a usual count of 1 million spins to ensure accurate projections.
How Reliable Is A Slot RTP?
Many wonder if RTP is reliable; in theory, yes, it is. That said, it shouldn’t be the only thing one relies on when choosing what slot to play.
As established above, the RTP of a slot applies accurately to only a large number of spins. This is because the larger the number of spins the RTP applies to, the more random the results can be.
As a result of these findings, we can conclude that although an RTP can be a good indicator for long-term gain, it doesn’t apply to short sessions.
It can also be said that with the addition of provably fairness and randomness in the mix, short sessions often lead to losses.
Are Higher RTP Slots Better?
The basic answer to this is yes, but to establish the overall quality of a slot, the RTP is not the only thing to look at. Be sure to consider several other factors like variance, paylines, paytable, free spins, etc.
Although RTP is a good indicator, it isn’t the deciding factor. With a rate of 1 million spins to achieve accurate RTP, who can say what will happen in one or two?
Make sure you choose a slot that is well-balanced in all avenues to achieve the best results. You should take advantage of casino bonuses like free spins when playing.
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Can Online Casinos Manipulate A Slot’s RTP?
One of the biggest concerns when it comes to online gambling is fairness and the concern for transparency.
Luckily for you, we are here to set the record straight. Once a software developer has set the RTP of a slot, no one is able to change the settings.
This prevents casinos and players from bending the returns to benefit them. This means that developers hold sole authority for game RTP. Here is something to refer to, to help you gauge a decent RTP.
A good RTP for slots is from 96% and anything above that is great. For table games, try to aim for anything over 98%.
All players, from novices to pros, may need to know something about RTP from time to time. Now that you are clued up, you may have just upped your odds of claiming the next payout.
Something else to consider is that the more features the slot holds, the better the RTP becomes.
Only play at reputable casinos with licenses and positive player reputations, such as the ones found on sportbookcasinos.com.