We all know that playing your favorite games in casinos online or offline is really fun, but you might ask what RTP is in gambling. Why would you be interested in this question? Because most probably you have seen this term in course of time. Quite literally RTP means Return to Player. RTP is a ratio, a simple percentage of funds returned to the player from a slot game. RTP is a famous way of attracting players to start playing at a particular casino. Obviously, the higher the RTP, the better for the player.
What is RTP – Return to Player
The RTP, which is Return to Player, might sound pretty confusing when talking about gambling. However, there is an easy way to tell what that is. It is the term that online casinos use to calculate the amount you have wagered on a slot game that will be paid back to you over a long period.
One of the most important things, if not the most, is to remember when you’re about to calculate your RTP, you have to consider that it is calculated over many spins and gaming sessions. Meaning that it is not calculated over only a few spins.
Definitely, the Return to Player could influence if you want to play it or not. That is the primary reason to understand the meaning of RTP and the way it works. To be a successful casino player, you need to dig deeper into the topic and understand the cores. In this article, we will go through the cores of RTP and explain how it works.
What is a Good Return to Player – How to Calculate
To begin with, it is worth mentioning that the industry standard RTP is 96%, which mathematically means the game will return this amount for every dollar bet. In the case of slots, any machine that has RTP over 95% is considered a good one. The percentage mentioned is the number that we would expect online slots to have; however, some of the slot machines fall short of this percentage, and that means, you will find slots with a higher percentage. Conversely, some slot machines’ RTP may go as high as 98%, but those that fall under 95% are considered low RTP.
Now let’s see how the RTP is calculated. Mathematically speaking, there is a very simple formula. Here is the formula: the total number amount you can expect to win over a specific, long, series of spins. If you want to work out your RTP over a long period, you will need to start tracking your statistics. Keep one thing in your mind, when there is a mentioned RTP, that doesn’t mean that to say you will get that return every time. The actual term Return to PLayer refers to the theoretical average return to the player.
Online Casinos – How RTP Works
RTP can be seen as the house edge – the casino’s profit margin – in reverse, so it’s as important to the casino as it is to you.
Given the RTPs are calculated over long rounds, the more you play at a casino, the more your game results will reflect the stated RTP. Mathematically and statistically speaking, the reason behind the mentioned idea is that the bigger the sample (in our case the number of times played) the more accurate the mentioned RTPs are (bigger average).