Have you ever tried your hands at online casino games? If yes, then return to player or RTP is a common term that you definitely would have come across. However, there are chances that you may know its real meaning and significance in the gambling world. Keep reading the blog in order to explore everything that you need to know about RTP.
What is RTP?
RTP or return to player is a popular term in the world of casinos. It is a key determinant that enables gamblers to achieve significant long-term results and make better decisions. In simple terms, return to player refers to the sum of money that casino slot or mobile casino pays back to the players over a period of time. It is shown in the form of percentages and calculated over a long period of time. In other words, it is the percentage of money that you get after winning a casino game.
RTP can also be said as the opposite side of house advantage. In case a machine has a house advantage of 20%, the average RTP is 80%. That means the machine will retain 20% of all the bet money and return the remaining 80% to the players on winning the casino game.
Knowing the return to player enables you to determine whether you are engaging in a profitable game or not. Higher is the RTP, more is your chances of winning and more profitable the game is. RTP is generally calculated considering all the players as well as thousands of spins. Therefore, RTP doesn’t give you the exact figure of how much you are going to get back by playing the game. Instead, it provides a general overview of the approach followed by the developers in order to pay the wins. While most of the players have a perception that the casino payout rate is set by the house, it is actually done by the game provider.
Baccarat, video poker, and roulette are among the top casino games that can provide you with the best RTP. On the other hand, slots have a relatively lower RTP. In case the RTP is low, it doesn’t mean you must avoid playing the game. Instead, you need to be more realistic about the chances of regular wins in the game.
How to calculate RTP?
Now that you know the meaning and significance of return to player, you must be curious to know how it is calculated. Calculating RTP may seem to be complex. However, in reality, it is not. It is quite simple and easy to calculate the RTP for casino games. It is mainly because it has an easily remembered formula and always remains the same.
In order to calculate the return to the player, you will have to divide the total sum of money returned to the players by the total amount used for gambling. However, a point to note here is that you cannot calculate the RTP on the basis of a few dozens of game results. It even cannot be calculated on the basis of a few hundred results. It is because a small sample may not be able to provide you with reliable data. RTP is used for measuring long-term payouts. The RTP numbers that you see online are usually established on the basis of millions of betting rounds at the casino.
RTP of Online Casinos
RTP is considered to be the lifeblood of the best casino games and live bets. The return to player usually varies from game to game. Using broad brushstrokes, it has been found that the RTP of online slots is about 93 to 99 per cent. On the other hand, the return to player of European Roulette is nearly 97.3 per cent, while that of American Roulette is about 94.7 per cent.
As many of the online casino games are quite complex, various testing and multifaceted algorithm may be essential to ensure that the promoted RTP is right. A number of players in the world of casinos look for RTP in addition to casino bonuses while choosing the machine and game to play. The better is the RTP of a slot, the more play you can get for your money.
Hit Frequency and Return to Player
There is a chance that you might have heard about the relation between return to player and hit frequency. Many believe that the two terms can be used in an interchangeable manner. However, an important thing to note here is that casino RTP is not the same as the hit frequency. Both the terms are different.
The hit frequency refers to the frequency at which a slot machine is likely to deliver a winning combination. Hit frequency is also expressed in terms of a percentage. In other words, it can be said that hit frequency quantifies how frequently an individual will win a casino game. However, it is not the same as a return to player or RTP.
Taking RTP into Consideration
Now that you know the basics of RTP, you must be wondering whether to take RTP into consideration while playing the casino game or not. Well, it actually depends on how long you are planning to play the game and how serious you are relating to winning the game. If you are planning to play casino games and use casino chips for long hours, then it is always better to choose the games with high RTP. Also, if you are quite serious about winning money over long sessions, select the casino games with a high return to the player. However, if you are playing the games for a short time and are not very serious about your wins, you can skip the RTP.
Conclusion
RTP is one of the useful tools for serious casino players. It can help them find out the best betting values and play the right casino games with a high RTP. Engage in high RTP casino games and increase your chances of winning more.