What does RTP mean in the world of Slots?
What is RTP?
If you go to an online casino you will often see a RTP % for slots. What does RTP mean? It is basically a percentage which indicates the amount your stake could earn.
RTP means Return To Player. It's simply the amount of the total bets placed by players that is returned to them.
A lower percentage means you're more likely to lose money than a machine that has a higher percentage. Another way to look at it is that the lower percentage can make it more lucrative for online casinos as well as the game studio that hosts the game.
A working example
A game that has a 97 percent RTP is that, statistically speaking, for every $100 that a player bets on a slot machine, $97 will be returned. The online casino will earn $3 as the gambler loses. A portion of $3 will be deposited to the game studio of the casino.
What is The RTP The % of Sites that Are Published
Visit a website such as the Paddy Power games page, you will see the % RTP once you have selected the slot. The player will not lose the advertised RTP for that particular session, however, it doesn't necessarily mean that they won't. It's a theoretical Return to Player which is calculated using statistical modelling of the game over a long period.
The RNG, or random number generator, is used to design the Casino Games. The algorithms that generate the outcomes are created to guarantee a certain % RTP over a long time.
Numerous countries have legalized online gambling. Operator licenses are necessary for an online casino that offers licensed slot games. To be licensed in that country, a licence has to be obtained from the game supplier.
The supplier needs to get their game tested by independent companies that test games such as Gaming Labs. It is crucial to confirm that the Return-to-Player is accurate. This is how the player will feel that they are safe.
What is a typical RTP
While the percentage of RTP can differ from one game to the next but it's typically between 94 and 97%. Read more here can examine RTP for every provider and game by signing up on iGaming Tracker.
Does this mean that the player always loses?
In statistical terms, the player is likely to lose, but the Return to Player is a calculation based on a large sample of players. The player could gain more than what they staked in a single session. The player could also lose the entire amount they staked. You're playing on a computer therefore you are likely to lose a significant amount of money over the long-term.