Return to player Casino is a term used to describe the percentage of total money wagered on a particular slot or game that is returned to players over time. However, how should this influence your game choices?.
However, do you know what it is actually? Well. in this article will provide you some detailed information about it. Then, read on!.
What Does Return to Player Casino Mean?
The term ‘Return To Player’ (RTP) is used to describe the amount of money that a casino game or casino slot pays back to its customers in an ideal world.
It is calculated from gameplay over a long period of time and is displayed as a percentage. Importantly, RTP is the opposite of the ‘house edge,’ which is the casino’s mathematical advantage in any of their games.
In an ideal world, a player could win $/£/€100 on a single $/£/€2 spin on an online slot and cash out. The RTP for the lucky winning customer is nearly 50 times, but casinos work on long-term strategies, and most standard games have a long-term RTP of 95-97 percent.
It means that a game will return 95 to 97 percent of every pound, dollar, or euro wagered.
How to Calculate The RTP?
Calculating the RTP of any game like in Fruitoids is simple in theory. The formula is simple: the total amount of money returned to players divided by the total amount of money gambled by players. However, RTP on online slots, for example, can be misleading because it does not indicate the probability of winning.
Things are pretty obvious in games like Blackjack, where you know you’ll win roughly half of your bets, but slots, which pay out huge jackpots, can pay out less frequently but significantly more. Nonetheless, the end result will always be the same over time, a slightly lower RTP to players than turnover.
The RTP of casino games is divided into the following:
- 93-99 percent for online slots
- 97.3 percent in European Roulette
- 94.7 percent for American Roulette
Other games are more difficult to calculate because they are based on a player’s strategy. Craps has a variety of bets (with RTPs ranging from excellent to poor), and Blackjack requires a great deal of skill.
The RTP is excellent (over 99 percent) when using a refined strategy, but a bad player who can draw on 17 when the dealer has a 6 can minimize their own RTP.
How to Apply The RTP in The Games?
The return on investment (RTI) is the lifeblood of all of the best online casinos. It’s the only way they’ll be able to make money and turn a profit. It’s a profit margin, but it’s not the same as a bookmaker’s odds percentage, despite the fact that the latter model makes it easier to explain how a profit margin is implied.
Consider this: any horse in a perfectly matched six-runner race should have a true price of 5/1. If a top bookie stakes $/£/€100 on each horse, his profit is $/£/€600, and whichever horse wins, he is paid $/£/€600. That’s a profit of 0 and an RTP of 100%.
In conclusion, Return to player Casino percentages are a signpost for the best betting value on all games and are a hugely useful tool in the arsenal of any serious online casino player.
Finding the best games with the highest RTP is a sure-fire way to increase the chances of winning more often while also ensuring more casino play in the long run.
However, the potential of big jackpot games can be measured in RTP percentages, with lower RTP slots typically being of the ‘higher variance’ variety. If you’re looking for a big payout, you’ll probably find it on a slot with a low RTP.