RTP In Slot Machines: What Is It And How To Calculate It?
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If you’ve ever played slot games in a casino, you’ve probably come across a term called RTP or Return to Player. If you are a beginner in the casino world, this wouldn’t mean much to you, but it is really important to understand it in order to have success.
RTP is really important when deciding on your slot-playing strategy. It can impact your profit strategy since it determines the amount of wins you have over a certain period of time.
Does this mean that you can predict when you are going to win and whether or not your slot-playing strategy is going to be profitable?
Well, not exactly, but knowing the slot’s RTP is still important. Let’s find out what RTP really means, how it is calculated, and why it is important for slot players.
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What is RTP?
To put it simply, RTP stands for “Return to Player” and it is a term frequently used in the world of slot machines. This number indicates the percentage of all wagered money that the slot game is expected to pay back to players over time.
Still not clear?
Let’s put it into an example. If a slot machine has an RTP of 95%, this means that for every $100 wagered, the slot machine will return $95 to players. This is embedded into the slot’s algorithm and it is calculated over an extended period.
Unfortunately, there is no way to predict when a slot machine is going to return the money just because it is a theoretical figure that is calculated over millions of spins. Therefore, individual sessions can vary significantly due to the randomized nature of slot games.
Why is RTP Important?
Now that we know what RTP means and how it works, why it is important for players if you still cannot predict when a slot machine is going to start handing out wins? Well, understanding the RTP can significantly impact your betting strategy in the long run.
If you are playing on a slot with 98% RTP, you’ll get better chances to win some money compared to a slot with 90% RTP.
However, this isn’t guaranteed and, in some cases, can be the other way around. It all depends on personal sessions, total spins, player base, and many other metrics. With that said, if you extend this strategy over an extended period, you’ll find that most slot games with higher RTP will eventually come out more profitable.
So, if you are playing slots occasionally, the RTP won’t make any significant difference. But if you are a frequent slot player, higher RTP will usually result in more profits.
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How to Calculate RTP
Calculating the RTP of a slot machine can sound like voodoo, but it's straightforward once you break it down. Here's a simplified formula:
RTP=(Total Amount Returned to PlayersTotal Amount Wagered by Players)×100RTP=(Total Amount Wagered by PlayersTotal Amount Returned to Players)×100
To get the RTP:
Track the Total Amount Wagered: Sum up all the bets placed on the machine.
Track the Total Amount Returned: Sum up all the winnings paid out by the machine.
Divide and Multiply by 100: Divide the total returned by the total wagered and then multiply by 100 to get the percentage.
Tips for Playing High RTP Slots
So, you've found some high RTP slots. What's next? Here are some tips to enhance your experience:
Pick the Right Slot for You: High RTP is great, but make sure you enjoy the game itself. If it’s not fun, even a high RTP won’t keep you entertained.
Play at Reputable Casinos: Ensure you’re playing at casinos known for fair play and good payouts. Reputable sites like Wild Casino and Bovada are good options.
Use Bonuses Wisely: Many online casinos offer bonuses, but check the terms. Some bonuses might exclude high RTP slots because they offer better odds for players.
Practice in Demo Mode: Before wagering real money, use the demo mode to understand the game's mechanics and bonus features.
Manage Your Budget: Just because a slot has a high RTP doesn’t mean you’ll win big every time. Stick to a budget to avoid overspending.
The Volatility Factor
RTP isn’t the whole story. Volatility, or variance, is another crucial factor. High volatility slots may pay out less frequently but offer bigger wins, while low volatility slots provide smaller, more frequent wins. For example, a slot like Mega Joker has high variance, meaning it can swing between big payouts and longer dry spells.
Final Words
So, Return to Player is a really important factor when it comes to playing slot games. It can have a direct impact on your winnings, and since it is up to you, make sure to choose a slot with a higher RTP.
However, it is important to mention that this is one of many factors that indicate how much money you’ll walk away from your gambling session. Choosing a higher RTP slot won’t guarantee you more frequent wins.
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