If someone asked you to describe the first scene that pops into your mind when thinking about a casino game, you’ll probably describe its theme or gameplay. But what gets overlooked is the thing that should be put in the first place if you aim to win. The RTP. An acronym you’ve surely heard about, but did you stop to ask yourself about the meaning of the phrase? We’re here to lend a helping hand, so let’s try to untangle it.
What Does RTP Mean?
RTP is short for “return to player”, which is a pretty neat term to describe what it’s about. It is a term that describes how much a certain casino game returns to the player. And the way it’s expressed is in the form of the percentages that show how much of the wagered money is returned to the bettors.
You can think of it as the opposite of a “house edge”, a term you’re probably much more familiar with. So, if the house edge is an advantage casino has over you, then the return to player presents the chances of you winning your money back.
Return to player is in its essence a mathematical formula that calculates odds of winning at a certain casino game based on the previous wins. That means that the higher the RTP goes the more likely you are to win. You can see how that knowledge can come in handy, so let’s find out how you can determine it.
How Do You Calculate RTP?
Fortunately for us, we don’t need the mathematical skills of an astrophysicist to calculate the RTP of a game. All we have to do is follow a simple formula that goes like this. You divide the total amount won by players with the total amount of bets that are placed. But keep in mind that the calculation is done on a long-term basis, so the RTP of your gambling session can vary quite a bit.
Let’s see how this works by taking an example. If a game has an estimated RTP of 90% it means that for every $100 wagered the players will get $90 in return. But with thousands of players wagering on the same game, you cannot safely predict that it will happen exactly on your betting round. In short term, anything can happen because of the inherent volatility of games. But the more rounds you play the more general picture you’ll get of your expected returns.
Is Hit Frequency the Same as Casino RTP?
Hit frequency is a term that many gamblers associate with RTP. But don’t let this give you the impression that the two are the same thing. Hit frequency is a term that explains the rate at which a slot machine will land on a winning combination. It is also expressed in percentages as RTP, so if a machine has a let’s say 15% hit frequency it means it will deliver a winning combination 15% of the time. In other words, hit frequency describes how often a player will win while RTP expresses the amount of money that goes back to the players.
Differences in RTP Between Land-Based and Online Casinos
So, is RTP better in land-based or online casinos? The answer is quite simple. The world of online casinos has been on the rise for over a decade and the competition among them has never been fiercer. That results in plenty of bonuses, promotions, and available games that land-based casinos simply cannot provide. And because of fewer overhead costs, online casinos can afford to make higher RTP rates, which is why so many experienced players flock to them.
How Important is the RTP in a Casino?
Among so many things that make a difference between an average and top-class casino one should always place the RTP value of their games. That’s because a good RTP value tells you exactly how much you are likely to win. So, if you familiarize yourself with the RTP of every game before you try it out, you can modify your expectations of winning at them.
The RTP ratio is a crucial thing for casinos as much as it is for players. It allows them to operate and evaluate how much they keep and how much they give back. Every good casino will be transparent about their RTP percentages so you as a player can inform yourself beforehand. Instant withdrawal casino Brango is one of them so you can see what game gives you best chance at winning. May luck always be in your favour!