The return to player or the RTP coefficient is one of the key indicators of all licensed online casino games. This parameter gives an idea of the generosity of a casino (game) and helps to choose the optimal betting strategy. Therefore, it is worth figuring out what the RTP is and how to use it.
Detailed Explanation of RTP
The return of the slot, the RTP of the game, the theoretical percentage of return are all the same parameters. Therefore, if you are searching for the best payout online casino in Canada, we recommend that you pay attention to the RTP value. As a rule, return to player is expressed as a percentage and is calculated using a simple formula:
RTP = winnings / bets * 100%
All online casinos are required to indicate an accurate return rate for all the games they offer. This is one of the main licensing requirements for a developer. At the first check, the regulator must assess the compliance of the RTP value declared by the developer. After a while, the machine is re-checked again.
It is not enough to know the percentage of return, it is also important to understand how it works in practice. So, an RTP of 96.34% means that the player will return 96.34% of all bets he has made. This doesn’t mean that if you spend 100 coins in 10 or 100 spins, then there will necessarily be a win in the amount of 96.34 coins. The minimum “win-win” distance is 1,000 spins. The opposite of RTP is a house advantage or a house edge. It is also calculated using a simple formula:
House Advantage = 100% – RTP
This coefficient reflects casino profits.
What Are the RTP Values?
All licensed casinos are required to use only slot machines with the RTP size required by the laws of the country where the gambling establishment or site operates. Since the costs of maintaining land-based casinos are significantly higher, the RTP of slots in the halls varies from 75% to 95%. Moreover, these indicators differ in different countries.
When it comes to online games, the return on virtual slots fluctuates between 90% and 98%, but in recent years, there has been a tendency to increase this indicator. Large developers rarely create games with an RTP below 95%. They prefer to give more opportunities to gamblers, and this strategy pays off as players become more loyal to online casinos. They prefer to place their bets more often, as they are sure that most of them will return.
Why Should You Know an RTP?
The return of the slot speaks not only about how many bets you can wager over a long distance. An experienced player can say a lot more about the game by this indicator.
Thus, the RTP of a slot machine is indirectly related to variance. For real casinos, the connection is very strong. So, slots with a low RTP of about 75% also imply low variance: they often give out small wins. If the RTP is high (above 95%), then you have a game with high variance and can count on significant jackpots.
Simply put, slot machines with lower RTP coefficients will appeal to players who are looking for a low variance, prefer to make small bets, and win small jackpots. The high RTP is good for jackpot hunters who are willing to endure periods without significant wins.