RTP in Slots Explained
If you have read any reviews of slots games or blogs from online casino websites you likely are likely to have come across the Return to Player percentage, otherwise known as RTP. RTP is a fundamental feature of slot games but not in the way that the jingling reels and the bubbly soundtrack are in the forefront of the game. Rather, RTP ticks away in the background ensuring these licenced and regulated slot games are fair for everybody. Slot payouts are naturally important for players. They are dictated by the symbols, the bonus features, and also things like bonus spins. However, the RTP is always there doing its thing. So, let’s explore what RTP actually is and how it affects your experience with slot games.
What is the RTP?
The Return to Player percentage is an expression of how much of the money a slot machine takes in is returned to players as winnings over a given period of time. In simple terms, it can be perceived as a pay out rate. So, again in simple terms, if a slot machine’s RTP is 96%, you could expect that £96 of every £100 wagered will be returned to players as winnings. The remaining £4 is kept by the online casino as profit. However, there are limitations to this simplification, as generally the RTP is only accurate over the course of a slot game’s entire lifespan, rather than in the short term, when anything can happen. The opposite of the RTP is the house edge, so with an RTP of 96%, the house edge is 4%. The house edge exists in every online casino game and is how the casino guarantees it makes a profit (they are a business after all). As with any free online slots game, the aim is to get lucky with the slot payouts and be one of the players who walks away with a profit.
How Does RTP Affect the Player?
So, how does RTP affect your actual slot games experience? The shrewder among you will have worked out that the higher the RTP, the better. If the RTP is something high like 97%, more money that is wagered is returned to players as winnings. However, the reason why the RTP makes no guarantee of success is the fact that it is an expression over a long period of time. Furthermore, the pay out rate is shared amongst all players; some players on a given day would receive winnings that exceed 97% of what they wager and profit as a result, while others would lose more than the 3% house edge. This therefore evens out to roughly what the RTP of the slot game is but may not be consistent for all players of that slot game. As always, there are winners and losers. The only guaranteed winner, of course, is the online casino. Nonetheless, it is fair to assume that if you stick with a slot payouts with a high RTP for a long time, you’re doing yourself a favour in terms of reducing the house edge.
What Else Affects Slot Payouts?
We have explained that the RTP is a system which affects the game in the long-term. It decides how much slot payouts are in the long run. So, what about the short term? Well, there are indeed many other factors affecting the pay out rate which are far more noticeable during the game. One of these is the volatility or variance of a slot game. In essence, a low volatility slot provides more regular wins, meaning you do not have to wait long for a payout. Conversely, a high volatility slot may see you go long stretches without landing a win, but when you do the slot payouts are likely to be a lot higher. Which you prefer is all down to personal preference and reading reviews of slot games can help you find the best high and low volatility slots out there. This kind of short-term volatility may be noticeable on the pay out rate while you play, but remember that the long term predictability is more accurately defined by the RTP and the house edge.
Last Thoughts on RTP in Slots
RTP is a good thing to be aware of to ensure you are getting a good deal on the pay out rate. Slot payouts vary widely and you don’t want to get a raw deal. Nonetheless, the volatility will be far more noticeable in the short-term, in addition to exciting bonus features and well-crafted themes. It is fine to focus on these and just have a good time. Head over to Slotzo to try some new slots today.