Philadelphia, PA - In gambling, different technical terms are not known to common players. Slot RTP is a quite commonly used term in casinos by different gamblers. What does RTP mean, and how to calculate the RTP of a slot machine? Return to player (RTP) is a slot machine's total profit or loss compared to a house edge. The "house edge" refers to the amount of money that the casino makes on each individual bet. Keep in mind that every single slot machine coin hit should be treated as its own separate event marked with a timestamp and recorded on a database.
What is RTP in slots?
Return to player is calculated by using a fraction, which is the fraction of money paid (in total) over the most money (total paid) of an action. For instance, if you played a slot machine one hundred times and won $100, then your RTP would be 100%. There are numerous online casinos that will calculate RTP over a certain number of plays. The most common form is the x% RTP, where x represents the percent of the total profit generated from the entire amount played.
How to Calculate The RTP of a Slot Machine?
The formula for calculating the best RTP slots is quite simple and easy. The RTP of the casino game is the total amount returned to players divided by the total amount gambled by players. As per the gambling commission UK “By dividing the win and turnover figures generated from a game, you can determine the actual RTP.”
Most of the slot machines have RTP of 90% to 95%, whereas the house edge is usually 5% to 10%. Bigger bets for the machine mean more amounts will be returned to the players. RTP for slots can be a little bit confusing as compared to other games.
Why does RTP matter to the Players?
Knowing about the RTP of a slot machine can be beneficial for gamblers as they can easily calculate the amount that they will lose when the game is over. It helps them to decide with which slot machine should be played and how much each player should spend in a single day.
RTP is quite simple to calculate if you are playing at a casino. Some online casinos provide this information on their website, including its percentage. Moreover, if you play online slots, then it can be easily calculated by using different online slot machine calculators (which are available online).
Choose Slot Machines with Good RTP
Most online gamblers who prefer to play online slots would prefer to play those slot machines that have a high RTP. Slot machines with 95% plus RTP are considered the best. In casinos, a higher percentage of RTP is quite common. Some of the very popular slot games on the Vegas Strip have an RTP of 98%.
The best thing about this is that it encourages players to make bets and to bet big amounts because they know they will get their money back. That is why people who may think this type of slots machines is risky can actually feel comfortable playing them as they can expect good returns from each game played.
RTP is the total amount of money returned to players divided by the total money gambled by players. It is calculated by using the formula (total amount won/total amount played). This term can be used to measure whether you are profiting or losing at a certain game.
Knowing RTP will help you to analyze different games and determine the actual percentage of profit that you can achieve over a certain period of time. Choosing slot machines with good RTP is a smart move for a better return on your gambled money.