How is RTP Calculated?
Calculating RTP is easy, but you need to know how much you wagered to do so. Playing 100 auto-spins and betting £1 on each will give you an average outcome of £96. Your account balance after these 100 spins should be higher than £96.
If it’s lower, that indicates you have been running worse than expected. Here’s what you need to know about Return to Player at the best online UK casinos.
How Does RTP Work at Casino Sites?
RTP is a percentage indicator for how much the average slot payout is. In theory, the RTP for all the slots is 95 or higher. Think about a slot machine where you can bet one pound per spin with an RTP of 96%.
Therefore, you will receive 96p for every £1 wagered, putting you on a loss of 4 per cent in the long run. Slot machines are known for their high volatility. It is seldom the case that a 1-pound wager will pay out 96 pence per spin.
There will be many spins that will be paid no money, but there will be plenty of winning spins that will be paid a lot. Slot machines are similar to scratch cards in terms of perspective. There are times when you’ll get your wager back, sometimes you’ll win nothing, and other times you’ll win big.
The RTP cannot be calculated by buying just one scratch card. The theory of an RTP in a slot machine may differ greatly from the actual RTP based on the thousands of spins you make on the slot. A few losing sessions would lower it, while just one of those huge wins would put you way ahead.
What is the Difference Between Variance and RTP?
RTP and variance are often conflated. Essentially, variance is what allows games with different payout frequencies to have the same RTP. The lower the variance, the more frequent the payouts, while the higher the variance, the less frequent the payouts.
We can compare two slot games with a 95% RTP, for example. In some games, payouts are higher, but they are less frequent. The RTP for both is 95%, as it is calculated over one million spins.
With the first slot machine, you would have the chance to win £9500 more frequently out of £10000, but you would notice that it would only pay out £95 once every 100 spins.
While the other pays out a lower amount of £950 every ten times out of £10000, but less frequently.
The analysis is, however, just theoretical. There is no guaranteed payout schedule for online slots. There would be no excitement in a game that returns exactly €95 back after a hundred spins.
Since the generator generates random numbers, every spin is unpredictable. The random number generator makes slot machines so exciting among the many features and paylines unique to each game.
Is RTP Important at Online Casinos
There are two answers: yes and no. A return to player percentage can be interpreted as a statistical average. You won’t know if you’ve won or when.
Despite this, online casinos regularly make it available to the general public. Since the rates among casinos vary, it gives players the ability to pick casinos with the best value while illustrating a level of trustworthiness.
As you learn about RTPs, you need to realize that they are governed by Random Number Generators that ensure the results are always random and fair.
Even if you’ve just hit the jackpot, you could still win on the next spin because every single spin on a slot machine is independent. Because of RNGs (random number generators), your chances of winning remain the same every time you play.
Slots Vs. Table Games
It’s important to clarify that the RTP of one specific game doesn’t necessarily indicate how likely you are to win. The odds are not in your favour when playing online casino slots. In the case of progressive slots, the RTP could be as low as 70%.
There can be many spins that win nothing or only a small amount, but one spin can end up winning millions. The risk does not matter how low the figure is for jackpot games since there is always the potential to win a life-changing amount of money when the reels go haywire. In contrast, table games are a different story.
Consider the example of roulette. When betting on red, black, odd, even, high, or low, you can expect to win an almost equal amount of money as you lose.
Due to the zeroes and double zeroes on the wheel, the chances of winning are about 50% – but not quite. The house edge is 2.70% to 48.64% for even money bets. This house edge has been carefully maintained in all other bets. Resulting in an overall return to the player of 97.30%.