Whether you’ve been playing online or land-based slot machines, you may have come across the term RTP. It is an important element of slots. For those players who bet their money on slots in the hopes of making a profit, it is crucial that you understand what RTP is all about.
Today, we’ll be discussing everything you need to know about RTP in online slots. Once you are well aware of how RTP works and how you can benefit from it, you can start playing slots on sites like Slot IDN Live.
What is RTP?
RTP is the acronym of Return To Player. It refers to the amount of money a slot pays back to a player after the completion of several spins. RTP is expressed as a percentage. For instance, if a slot features a 97% RTP rate, it simply means the slot will pay $97 for every $100 that the player wagers. Based on the RTP of a slot, you can calculate how much you can lose with every round.
Note that the RTP percentage is calculated based on a large number of spins, usually in terms of millions. The higher the RTP percentage, the more money you’ll receive over a certain period of continuously betting on the slot. Another important thing to remember is that different slot games will offer varying RTP percentages.
How Does RTP Work?
Figuring out how exactly does RTP work is a rather complicated task, and this only gets harder with bigger games.
In laymen’s terms, RTP can be calculated by considering the total amount of money returned to players, divided by the total amount of money wagered by players.
Variance and RTP: What’s the Difference?
People often get confused between RTP and Variance. These are two completely different concepts but are closely related. By now, we believe you already have a clear idea about what RTP exactly is. Now, let’s take a brief look at what Variance is all about.
In a nutshell, variance refers to the system of how a slot game’s RTP is realized. The variance of a slot can also help you find out how long your bankroll can last while playing a slot. From a statistical point of view, a slot that has low variance with an RTP of 95% is more likely to pay out in small yet regular wins.
Slot games typically fall under any of the three types of variance/volatility:
High: slots that don’t pay out as frequently but offer high-value jackpots.
Medium: slots between high and low variance.
Low: slots that payout more frequently but mid-value prizes
Online Slots Vs. Land-Based Slots: Which Have Better RTP?
Players who have played on both land-based and online slot machines often draw the conclusion that online slots seem to offer better RTP percentages compared to the former. In fact, the high RTP percentage of online casino games is one major reason why players have readily shifted towards the online gambling industry.
On the whole, land-based slots usually offer an RTP percentage of around 70-90%, with only a handful of games exceeding 92%. In contrast, most online slots offer a high RTP of around 94-95%