Return to Player (RTP) is exactly what the name suggests! Online casinos use this term to signify the percentage of wagering amount returned to players over time. RTP only applies to certain slot games while the percentage varies between casinos. But how does it affect slot selection? Let’s explore!
RTP Explained for Laymen
If a particular slot at one casino advertises 97% RTP, it means the game will return €97 for every €100 that players wager. However, this happens over extended periods and isn’t a short-term affair. That is why RTP is averaged alongside the house edge to calculate the mathematical advantage of the operator. In fact, the house edge is theoretically the other side of the proverbial coin! Makes sense?
For instance, in an ideal scenario, a player could initiate a €2 spin and take home €100. In which case the player’s RTP is 50x. Casinos generally return between 95 and 97% of every Euro wagered in-game.
How is RTP Calculated?
While calculations are relatively simple in theory, it’s not as straightforward in reality. Predicting the RTP for online casinos is a challenge as operators rarely mention how often players get to win. The struggle is real with slots, as calculating the odds of a card game is fairly easier.
Strictly speaking, this applies only to short-term players since the end result is always as advertised. This is why gamers with a long-term strategy at slots win more often. Apart from blackjack, where a player’s chances of winning are roughly 50%, calculating the RTP for other card games is difficult since it depends on individual strategies.
What is Hit Frequency?
Often ignored, Hit Frequency is a crucial element that determines how often players get to win. For instance, a slot machine advertising 8% Hit Frequency implies the machine will stop at a winning combination 8 out of 100 times. A few online casinos allow players to bet on multiple lines simultaneously. Hence, multiplying their chances of winning.
Slots and Video Lottery Terminals (VLT) have varying hit frequencies. However, players must understand that while VLT’s simply return the initial wager, slots can amplify the initial bet multiple times! In summary, while RTP defines the percentage of initial wager returned to players, Hit Frequency outlines how often a winning combination pops up.
Busting Popular Myths Around RTP
The most common myth suggests online casinos manipulate RTP on slots. This cannot be further from the truth, as casinos never own the slots they offer. They are simply licensed, third-party operators.
The second most common myth suggests progressive jackpots alter real RTP. This is partly true as the game relies on players to score bonus points. For example, a slot offering a 96% RTP counts on players to secure a portion of their winnings through progressive jackpots. Players that don’t win the jackpot are realistically playing with a much lower RTP. A potent tool in the operator’s kitty, RTP signifies the best betting value of a game!