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Leveraging Return to Player (RTP)

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Online casinos are big advocators of playing for fun, but they also pay attention to players who have displayed some skill even while playing some games. As a player, before you choose a game to play for fun, check the reward percentage you can get if you luckily or skillfully secure a win. The reward which can serve as a huge motivation is termed Return to Player (RTP).

Knowing your odds of winning money in a game is vital to tailor your expectations accordingly. 

In today’s casino news, we’ll learn how players are rewarded through the return-to-player system and the factors that control it.

Return to Player Explained: What Exactly is the RTP?

What is RTP? Return to Player, also called “RTP” is a gambling term that describes how players get rewarded for playing online casino games. In more concise words, it means the percentage of money wagered that a player can expect to win back over time. 

For example, if an online slot machine has a 96% RTP, you can anticipate winning, on average, $96 for every $100 you put in.

Depending on the game being played, the RTP percentage can be determined either theoretically or by simulation. RTP is only an average over time, not a promise you can count on.

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How Do Casinos Calculate the Return to Player Percentage of a Game?

Mathematically, the Return to Player (RTP) is determined by dividing the amount of money wagered over time by the total amount paid out over time. 

If written in the formula, it would be: RTP = (Total Payouts / Total Bets) x 100

For example, a game with a total of $1,000,000 wagered and $950,000 wagered would read:

RTP = ($950,000 / $1,000,000) x 100

This simplifies to:

RTP = 0.95 x 100

The resulting RTP is 95%.

Note: During the calculation of RTP, a game’s volatility is also considered. A game’s volatility will determine how much deviation from the theoretical RTP is acceptable. Read on to learn how a game’s volatility affects RTP, and dive in our casino guides section for additional pointers on how to play the best games with suitable RTP values.

How Does Variance Relate With RTP?

The long-term success of a game depends on RTP and volatility. That is why the concept of variance is essential to understanding RTP. The volatility of a game’s return to a player can be measured by its variance, and there are three types of variance. 

  • Low variance: Games with low variance pays out in small sums but frequently. 
  • Medium variance: Games with a medium variance pay out less frequently but have substantial rewards. 
  • High variance: Games with a high variance reward players occasionally; however, when the reward comes, it’s enormous.

From the above definitions, we can deduce that checking the variance will give a rough notion of the frequency of a reward. It also describes the degree of risk involved in playing a casino game. 

The variance indicator is a helpful tool for locating games in an online casino suitable for your playing preferences and bankroll.

The Average RTP of Online Casino Games

In looking at online casino tips, you will find out that each game’s RTP rating can adversely affect your gambling experience. Generally speaking, you shouldn’t invest much of your time or money on games with a return to player (RTP) of 93% or less. Here is a list of the average RTPs of the most commonly played categories of games at online casinos.

  • Baccarat: 98.94% 
  • Blackjack: 98% – 99.8% (depending on the online casino)
  • Slots: 96%
  • American Roulette: 94.74%
  • European Roulette: 97.30%
  • Keno: 95%
  • Video poker: 99.54%
  • Craps: 99.54%
  • Ultimate Texas Hold’em Poker: 99.47%
  • Bingo: 70%-85%

Conclusion 

The sheer volume of online casino games of chance available today is on the high side. With the help of the return to player (RTP) percentage, you can filter or narrow down your options. It is one of the casino tips you should to pay attention to on your gambling journey. It is also one of the most essential metrics that hints at your chances of winning at gambling.

Now that you know more about RTP, log in at Slots Paradise Casino to play the most exciting games, with favorable RTP values, like Three Card Rummy or Baccarat.

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