Return to Player (RTP)
- The short time volatility always affect the long- time predictability
- Return to Player is very essential in determining which slot game is better to opt for
The Return to Player is a piece of important information that helps players to decide the type of game to opt for. The RTP value is a measure used to determine how much a casino slot machine is expected to pay as winning to the players. This RTP information is always expressed in percentage known as Return to Player percentage. The higher the RTP percentage of a slot, the more your winning chances. RTP is based on the average value of the casino’s accumulated percentage of all the games in history.
It’s quite important and vital to understand that these numbers are based on a series of events. RTP is subject to change as RNG’s (Random Number Generators) rule them and always ensure that the result is always unbiased and arbitrary. Several events can alter the value of a game’s RTP. A good example of such events includes a jackpot win or when a player loses for a long period. RTP slot games have an extremely strict regulatory standard set by their inventors, including the requirement to have all games tested before being made available to play.
How is RTP Calculated?
As a casino player, you can calculate the Return to Player percentage of a slot game on your own. The Return to Player percentage of a particular slot game is usually provided by the software provider but is sometimes tweaked by online casinos. However, if the casino is fair, then the RTP percentage will not drop beneath the initial value placed by the software provider. Though the RTP percentage of a slot can be calculated theoretically by the player, they usually do not possess all the necessary information.
The RTP percentage for a casino game can be calculated by dividing the total amount returned back to the player by the total amount bet by the player. The percentage is calculated using several players over a long period, taking note of how much they won, how much they lose, the turnover and how much they bet. Also, the Return to Player percentage can be used to calculate the Casino House Edge. This can be done by subtracting 100 from the RTP percentage. Random Number Generators to decide the results of each game
Relationship between RTP, Chances of Winning and Volatility
Players need to be aware of the fact that the amount a casino game payout is dependent on the Return to Player percentage of the game. However, it is also important to note how often a game pays players is also affected by its volatility. How volatility games have a high-risk factor and a low RTP value. This is because high volatility is huge and non-frequent. Also, a player needs to critically understand their chances of winning with a particular game, and this is somehow linked to the RTP value.
- The Random Number Generator is usually used to determine the result of each game
- The higher a game’s RTP value, the higher a player’s chances of winning
Relationship between Hit Frequency and Return to Player value
When the return to player percentage is not properly considered, you might find it misleading. Most players think that RTP refers to the frequency of winning in a game, whereas it does not. However, the Hit frequency is a term used to describe how frequently a machine will stop on a winning combination while Return to Player value is how much as slot machine returns back to the player as winning. Players need to know the differences between RTP value and Hit frequency to make an excellent choice on the type of game to opt for.
Reasons Why Return to Player percentage is important
The RTP is a key factor in determining the type of slot strategy to use as a player. It is recommended that player should wager on games that offer a higher RTP value, as it tends to give you a larger winning than games with lower RTP value. A game with an RTP of 98% will keep 2% of all bets and return the remaining as winning to players. The Return to Player percentage is a measure of how much is returned to a player by a slot machine, and this differs from game to game.
How RTP percentage affects the Expected Value (EV)
Promotion as a casino gambler, we mostly want to participate in offers that tend to have a positive Expected Value (EV). Based on our understanding of what return to player value is and how it works, we can use it to calculate the EV before accepting any promotion. This helps to determine if a particular promotion or offer is worth our time, energy and money. The EV of an offer or promotion can be calculated by multiplying the wagering and the house edge, then subtract the bonus from your result.
The Return to Player percentage is a crucial factor that players need to consider when deciding on which casino game to play. The Return to Player describes how much a slot machine is expected to pay back to the player. You can consider RTP to be the opposite of House Edge. Other factors like hit frequency and volatility need to be considered alongside RTP. Under optimal theoretical game conditions, if you wager $10 on slot game with 90% return to player percentage, you will be $9 in return after a large number of spins.