Sometimes there is no opportunity to influence particular things to change the possibility of getting rewards, usually, they are online casinos for real money RTP and hit frequency, house edge,.
In today’s topic, we take a look at RTP in gambling. More specifically, what does RTP stand for, how it affects slots and what the percentage means? Let’s take a look.
Definition
RTP stands for Return to Player. And, the concept of it is also quite easy to grasp.
When playing a slot game with a 95% RTP, here’s basically what it means. Say, you play with €100 and place €1 every spin. After 100 spins, the RTP suggests that you will end up with €95. This is the Return to Player value for the specific slot. Thus, this also explains what you’re set to lose when playing the game.
Mind you, it’s important to keep in mind that this figure is after thousands, if not millions, of spins. If you were to actually spin 100 times with €1, anything can happen. The RTP is just an average taken over the course of a long period of time.
Statistical Approach Based on Slots
In a nutshell, RTP in gambling can be calculated by ‘Total Amount Won’ / (divided) by ‘Total Amount Wagered’. This is the case in slot machines. That’s why you’ll see that the best jackpot slot machines are the ones with the highest percentage.
Note that this simple equation is not just a randomly generated number. Instead, it is the actual value of the slot game played by real people with real money.
RTP Value in Table Games
When calculating RTP in gambling table games, the theory is a little different. First of all, the RTP is referred to as the House Advantage. This is similar to when entering any type of casino – land-based or online.
Thus, the RTP for roulette, craps or Casino War, is different from slots. The ratio can be calculated for RTP as 100% – (minus) House Edge. Thus, by knowing the House Edge, you’ll be able to calculate the RTP for specific table games too.
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For instance
If we say that roulette has a House Advantage of 5%, that would make the RTP 95%. The 5% House Advantage can come from roulette not requiring any skills or certain strategy. Another factor could be the zero on the table, which is neither even, odd, red or black.
RTP in the Lottery
If you thought that the lottery doesn’t require any RTP, you’re mistaken. Similar to slots, the RTP would be the Total Amount Won / Total Amount Wagered.
So, let’s say there are 1,000,000 lottery tickets. If a ticket costs $1, then that’s $1,000,000 for the state-run lottery. However, there would have to be winners. So, if there’s $900,000 won, either by 900,000 players at $1 each or 9 players winning $100,000, the lottery still makes $100,000.
That makes the RTP of the lottery 90%. There are two different alternatives. 900,000 players win $1 or 9 players win $100,000. This would depend on if there is a high hit frequency with low prizes or visa-versa.
Facts about RTP in Gambling
Many players believe that the RTP of slots can be manipulated to deceive gamers. However, that is completely false.
The RTP percentage is set by software providers, thus, casinos cannot exploit these values.
Another false belief is that the RTP will decide if you’ll win or not. I mean think about it for a minute. You could win big on a slot with an RTP of 88% but then not get squat for a slot with an RTP of 99%. It truly depends on your luck. However, RTP slots with higher percentages do play better than others.
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Best RTP Slot Games
The highest-ranking RTP games you’ll find online are as follows:
- Mega Joker – 99% RTP
- Jackpot 6000 – 98.8% RTP
- Chess Mate – 98.7% RTP
- 1429 Uncharted Seas – 98.6% RTP
- Monopoly on the Money – 98.1% RTP
You can find more of the best online jackpot ratings with a major RTP value by browsing through our game’s portfolio.
Online Casinos For Real Money Rtp And Hit Frequency Chart
Summary
Thus, to conclude this analysis of what RTP in gambling actually is, we hope you’re more aware of its definition and how you can use it to your advantage.
For some players, the way slot games work is a bit of a mystery. Slots are entertaining, unique and can be very rewarding, especially progressive jackpot slots. Although regular slots and progressive slots work the same way, the latter come with a continually growing jackpot that can change your life as it currently is. So how do you beat the odds and overcome the limit set by the return to player (RTP) percentage? When it comes to interaction with the outcome of the spin, players have little to none.
Or do they?
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Before we delve deep into the rabbit hole here are few terms you should take note of. You must have a clear understanding of these in order to grasp the idea behind this approach.
- Return to Player or in short, RTP– The theoretical amount of money the slot will/needs to return to the players, by players meaning back to the public, not an individual. It’s expressed in percentages (%). RTP is the number that ensures a profit on the casino operator’s end. If this parameter didn't exist, there wouldn't have been any online casinos.
- Hit Rate– The frequency of spins that end up with a win. The size of the prize is irrelevant, hit rate tracks only the frequency of winning outcomes. Hit Rate is also expressed in percentages (%). It determines how fun the game is in the eyes of the player if we strip the game off of the flashy symbols and unique bonus features.
- Returns - The money you have at your disposal once you stop playing. If you've made a profit, you have returns. If you've neither won nor lost, you're at the point of breakeven. Breaking even is good enough for us, but when the balance is positive and higher than the starting one, now that's what you're looking for.