Online casinos need to provide players with a wide selection of the most up-to-date games in order to have an edge over competitors in the iGaming market. However, for operators, gaming is not the only thing that matters. The slot payout percentage, also known as the RTP parameter, is a parameter that both beginners and experienced players pay attention to in all games. A player rates his chances of winning higher the higher he is.
What is Return-to-Player (RTP)? RTP is the percentage of the total amount bet on a slot that the slot, whether online or offline, returns to the player in the form of winnings.
The percentage of winning bets to total bets is shown by the RTP parameter, which is also sometimes referred to as the payout to the player.
For example, a slot machine has an RTP of 97%. Ideally, a player should win €0.97 per game if they place many bets with the same €1 wager. 0.03 euros will stay in the casino.
However, the theoretical RTP is usually different from the real RTP. Many variables affect the odds of winning in a slots game. These include hit frequency (also known as “hit rate”) and bonus frequencies, maximum win probability, variance and volatility. Thus, the RTP, stated in the characteristics of a slot game, is a theoretical estimate of how much a slot machine or casino will return to the player in the long run. In addition to RTP, there is House Edge. They are often confused, so you need to know the difference between the two.
As we already know, Return to Player (RTP) is the percentage of the total amount bet in a game that the casino returns to the player as winnings. House Edge is the percentage of the total amount of bets a player retains or loses at an online casino. It turns out that if a slot’s RTP is 96 percent, the house edge will be 4 percent. The saying “the casino always wins” or “the house always wins” includes the term “House Edge,” meaning that while players may win at an online casino in the short term, in the long term the amount they spend exceeds the amount they win.
After we have learned what RTP means, let’s find out who determines the value of this parameter. During the game creation process, the game developer incorporates a random number generator (RNG) into the program to ensure that each game round is not intended for anyone and is essentially independent. An influential auditing laboratory checks this PRNG for randomness. The developer can then use the audited GSC to play the games. Audit labs and developers using a licensed GSC can run audit programs that run hundreds of thousands of spins in a very short period of time. The GSC algorithm determines the RTP of the game.
