Online casino sites are all the rage these days. Being able to go online and instantly have a Vegas-style casino before you is rapidly drawing in players from all over the world.
Some of the concepts used in online casinos might be a bit confusing at first. For example, in any given game, you’ll see the acronym “RTP.” If you don’t know what this means or the implications that it has for your game playing, keep reading. This is an important concept that helps determine how much bang you might get for your buck.
What is RTP?
If you are wondering what is RTP in slots, here is an explanation: RTP stands for “Return to Player.” Its purpose is to indicate the likelihood of any given game giving players winnings. Different games have different levels of likelihood. Gaining an understanding of RTPs and how they vary from game to game will help you better determine which ones you should be spending your time on. This is especially important on slots sites.
How is RTP calculated?
RTP is the percentage of the total amount of money that a given player wagers on a game that the game pays back over time. The way that it is determined is by taking the average of many users over an extended period of time.
For example, Sweet Bonanza has a 98% RTP. This means that $98 of every $100 wagered by players will return.
The higher the RTP, the more likely it is that players will be able to maximise their potential returns.
RTP and house edge
You will also come across the term “house edge” when you look at slot games. In any given game, there are different levels of likelihood that the casino will win over a player. Games are programmed with these various odds. When you look at a game online, it will tell you what the house edge is, and this will serve as an indication of how likely you are to beat the system itself.
Most slot games have a house edge between two and 15 per cent. Other types of games, such as blackjack, tend to have a much lower house edge. It is also possible to determine what RTP versus house edge is by looking at either one of them: if you see an RTP of 98%, for example, this means that the house edge for the same game is 2%.
How do you know what a good RTP is?
This might make sense on a fundamental level, but numbers by themselves don’t necessarily tell you what you should be looking for in a game. In slots, a good RTP is generally 96% or higher. Choosing a game under 94% generally won’t be worth your while. Even games that are 95% are usually considered “low RTP.”
You should also note that RTP and volatility are not the same. Volatility refers to the level of risk involved in a given game related to its frequency and amount of payouts. If a game has high volatility, it has less frequent but higher payouts. Low volatility games have more frequent but smaller ones.
Random Number Generators
Online casino games also include formulas to determine the results of games that are known as Random Number Generators. Random Number Generators pick a number for you when you make a spin. If the number happens to mark a win, it then indicates the win for the player. This number helps to ensure that every spin is fresh and distinct from other spins.
Start spinning today!
Once you start getting the hang of playing, all of this will become clearer to you. You will know what to look for and what the most potentially profitable games are. Most importantly, you will be able to hone your strategy and make the most of your online casino efforts. So get online and start spinning today!