Online casinos are gaining popularity with the shift to the digital world. Players who cannot avail casino services physically or are just looking for a fun social experience turn to online gaming. But before a player starts gambling in online casinos, they should know the various factors that affect their profits or increase their odds at certain slots. One such factor is the RTP which refers to the return to player percentage. This is a vital factor that could decide the odds of winning or losing in online casinos. The article discusses what RTP is in details and suggests how to use it to improve your odds.
What Does (RTP) Return to Player Mean?
It has been established that RTP plays a decisive role in online gambling. But what exactly is RTP? RTP refers to the average amount of money that players have a chance of winning back from the slots over a period of time. Everyone knows that the house edge refers to the odds of the casino winning over the players. In the same way, RTP represents that exact opposite. It is the mathematical odds of a player winning over the house, expressed as a percentage.
Since this is a mathematical probability, RTP is not always one hundred percent accurate but it can give a very good idea of how much money a certain slot game can possibly give back. It is true that players can choose to play slot games that have a low RTP if they like the game or are very skilled at it and end up winning. But it is more common among players both expert and novice to try games with a high RTP as the odds of winning are very good.
It is important to note that the average percentages given only work over multiple rounds and not a single round. So, every time a player bets they should not expect a high return. The total winnings over multiple rounds can sum up to the percentage of wins of the player. So, a player can accumulate a lot of winnings over time or hit a rough patch and face a streak of losses.
RTP in Casino Gambling
The RTP of certain casino games is a bit more complex to calculate than simple slot games as it involves player skills. Classic casino games like roulette, poker or blackjack would involve strategy and skills, which would in turn affect the RTP of the game. A novice player can bring down the RTP for himself by making a series of mistakes. But the average RTPs for casino gambling games in general are:
European Roulette: 97.30%
American Roulette: 94.74%
Classic Blackjack: 99.40%
What is the RTP on Casino Slots?
It is usually difficult to give an exact RTP on all casino slots as the percentage is calculated by computer simulation and would vary from game to game and from casino to casino. But in general, the best RTPs on casino slots usually range from 93% to 99%.
How to Calculate Return to Player?
Return to Player is usually very simple to calculate. It is given by dividing the total amount won by players (hence returned) on a particular game by the total amount that had been bet by the same players on it. And this is not done by the history of a particular game but rather by running computer algorithms. These algorithms play hundreds and thousands of rounds of specific games and give the average winnings, hence giving very reliable results that are replicated in real life situations.
RTP in Casinos Expressed as a House Edge
RTP in casinos can be easily expressed as a house edge by simply reversing the percentage, as RTP is nothing but the exact opposite of house edge. For example, if the RTP is 96% it can be expressed as the house edge as 4%
Learn to Live with the Gambling RTP and House Edge
You have to understand that the house edge and the gambling RTP will not go away. These are the disadvantages of gambling, but the best players will never let these serve as impediments to their gambling.
Conclusion
RTP percentage of any game is a huge tool for any gambler as it gives them a fair idea about what the odds of winning the game are. It is always advisable to choose games with a high RTP as it would increase your chances of winning.
F.A.Q.s
Is higher or lower RTP better?
It is always advisable to play games with a higher RTP as they drastically improve the odds of winning.
What is a good RTP rate?
The RTP rate of various games varies at different casinos and even depends on players, but a RTP rate of 96% or higher is considered to be high.
What does RTP mean in gaming?
RTP refers to the Return to Player percentages of various casino games available in online casinos. This is defined as the average return in percentage a player gets every time they place a bet on the game.