Players who have been playing slots online or at land-based casinos have probably heard the term RTP mentioned on several occasions. The question is, how many players know what it means? This elusive term is of vital importance when it comes to slots.
We plan to give you a detailed explanation and how it integrates with slots. Moreover how it should affect your decision about which games you play or don’t.
RTP, the Meaning:
RTP stands for Return to Player, and it describes the amount a slot pays a player back over a large number of spins. The RTP is a percentage. Let’s look at the following example if it states the chosen slot has an RTP of 96.00% this means it will pay you back $96.00 for every $100 that goes into it.
This number is calculated based on a large number of spins, even up to the millions.
It makes no difference whether these are free spins or real money spins.
Anything can happen when you decide to play an online slot as you don’t know how many spins the slot machine has made. That’s the thrill of gambling. You could land up being the recipient of a nice payout on your chosen slot game.
Return to Player (RTP) in Slots:
Setting up a slots RTP is complicated, and the more elaborate the game is, the harder the RTP is to set up. Software developers need to figure this out in such a way that it pays out precisely. Moreover, when it comes to slots with several features and a large number of pay lines.
All slots get programmed so that they always give back a percentage of the total money that goes in. The distribution of the RTP can vary, but if a slots RTP is 98% it will give back 98% of all the money put into it over an infinite number of spins.
The Difference between Variance and RTP:
These two concepts are closely related, but they are not the same thing, and that is important to remember.
Variance defines how the slot games RTP is realized. The lower variance slots will have smaller but frequent hits. The higher variance games, on the other hand, have a lot of their RTP featured or built into their bonus features which in turn will reward you with some big wins.
The High Variance slots will not have as many small to medium wins in their base games to compensate for the big wins.
It is evident to see that not all the slots with high RTP’s are for those with a smaller budget.
Facts about RTP in Slots:
Several truths and myths are surrounding RTP in slots, and one of them is that online casinos can manipulate RTP on their slots. This is a myth. Firstly online casinos do not own the slots they offer players, they are rented form software developers and the games stored on the developers’ server. This means the online casinos are not able to change the core settings such as RTP.
Another statement that does its rounds is that Progressive Jackpots influence the real RTP of a slot. To confirm and clarify, this is true in most cases. You will find some Progressive Jackpots advertise an RTP of 95% for example. However, a part of that RTP goes to the Progressive Jackpot. Therefore, unless you win the Jackpot, you will be playing the game at a significantly lower RTP.
There you have it, a straightforward explanation of what RTP is and the difference between the variance of a slot and RTP.