Every video slot is made up of many details. These include the mechanics, the game jackpot (the maximum winnings), the features, the RTP, and volatility. In the huge variety of games, for each of these parameters, the payoffs must be given preference.
Return to Player or Return to Player is better known by the abbreviation RTP used. RTP is included by the provider in every product released. This is the indicator of slots, which are protected by the legislation. It has to comply with the requirements of the gambling regulators. If you know what the RTP is and why it plays an important role when choosing a game, it will be easier for you to create strategies, as well as choosing your betting sizes and control the money in your account.
The RTP shows the percentage of all bets placed on the player’s payout. Let us imagine that we are facing a slot with an RTP of 96%. From this we can conclude: in the long run player will get 96% of all his bets as winnings. The remaining 4% will go to the operator as profit.
This parameter is calculated by the provider in the process of creating the slot machine based on a million consecutive spins made. That is why this parameter is called the theoretical parameter. Once the slot machine arrives at the various casinos, players start placing bets. They are distributed in what is known as a wallet, located in the developer’s unified network. From there, the money is also paid out. The fact is that the RTP is calculated from the total number of bets made by the players in those casinos where the slot in question is present. If we’re talking about a customizable RTP, the same thing happens here. Each payout option has its own network and the payout comes from the network of the selected RTP.
Average RTP is 96% across the industry
Each individual regulator has its own requirements for slot payout. It can range from 80% to 97%, depending on the country issuing the license. For example, in Australia, it cannot be lower than 85%, and in Malta, it is 92%. It means that both the provider and the operator have to comply with this rule. In terms of casinos, the gaming platform will not host games below the threshold required by the license.
How do we learn the RTP of each slot? Here is where the BestSlotsJournal’s RTP checker comes in very handy!
There are currently over 25,000 slot machines circulating on the online market. Each of them, as we have found out, has a built-in payout. Games are known to have an RTP equal to games from the land-based sphere, namely as low as 80%. However, there are also games with an RTP that virtually evens out the odds of profit for the player and the operator. That is why such games are not in demand by operators. It simply isn’t profitable for them to have such titles in their library. This is a legitimate fear of the casino owner. Customers will quickly forget to play other slots as well. Consequently, the institution’s income will drop drastically. Due to the lack of demand for games with extremely high returns, the providers release them, if at all, solely for the purpose of expanding their portfolio.
It is generally accepted that games with an RTP of 96% are the average. This is the percentage that is fair for both the player and the operator. The meaning of the parameter in question implies that each player at a distance from, for example, invested 1,000 USD can get 960 USD in the form of winnings. Again, this is only a theoretically allowable amount. While one player will win the maximum prize and thus receive money several times bigger than he spent, the other player cannot get even 80% of the invested sum. This is affected by the RNG, which is what the winning combinations depend on. Since 96% RTP is considered to be the industry standard, try to choose games with that percentage of payout, but definitely not lower.
Never play slots with 95% or less RTP
We have already decided on a standard RTP figure for slots that are worthy of attention. However, there is another side to this parameter. It is not the most worthy, but it is the most common – low slot machine profitability for the user. It refers to the titles in which the RTP is 95% and below. Games with such returns are profitable to the operator, as it is often difficult for a player to win a good amount even with 97% RTP. The low RTP here suggests that even if the machine will pay out money, it will not pay out very much, greedily and not always. Is that what you want?
Let’s do the math with an example. A video slot with an RTP of 96% can return from invested 100 USD – 96 USD. If we take a machine with an RTP of 94%, then in the long run from 100 USD the user will get back 94%. The difference of 2 USD seems small. However, you can look at it from another angle. At least in the way that this 2 USD bet could bring you the maximum payout, which you never reached. Also, as already mentioned, in games with low returns the payout is slower and the operator’s benefit becomes more obvious. That’s why professional players avoid slots with an RTP of 95% or lower.
The formula for a successful slot game is quite simple: before you play for money, you should check the RTP of your chosen model. This will keep you safe from big losses. The higher the RTP, the more generous the slot gives back. Remember this rule and always follow it. Very quickly you will realise how telling this parameter is when choosing an online casino title.