Several factors contribute to your success as an online casino punter. Reliability of the gambling venue: make sure to choose only trusted online casinos such as PlayAmo. The Return to Player (RTP) is one of those factors.
As a punter, you are particular about the factors that help you hit the jackpot. Before, it was just to find your way around the House Edge. The edge is a monopolistic tactic used by a casino to claim more of the winnings.
Yet, House Edge doesn’t apply all the time. The important factors are the expertise of the punters and the type of game – blackjack for example.
What is Return to Player?
Return to Player or RTP for short is a summation of the number of funds wagered by players. It also dictates how many of those funds can be returned to the players in the long term. This usually comes in the form of earnings.
As a player, understanding how RTP works in an online casino can help you pick the best games to wager on.
The Relevance of Return to Player in Online Slots
Online slot machines are one of the most played games in online casinos. Players play slots because of the real-world appeal of the slots. They also play at slot machines because of the increased earning potential.
Return to Player (RTP) is very important in online slots for several reasons. First, the application of RTP ensures fairness. This is because the outcome of the slots is usually calculated by a Random Number Generator (RNG). Second, using RTP in online slots can be ideal if it is higher. This way, both the punters and the players will have an equal chance.
Let us consider an example of how relevant RTP can be in slot machines. We will use two of the most popular slots developed by Playtech – Plenty o’ Fortune and Silver Bullet.
On the one hand, the Silver Bullet slot machine has a generous Return to Player (RTP) of 97%. This gives both the punters and the online casino operator a similar advantage – to earn more revenue.
But, the Plenty o’ Fortune slot machine has what is considered a low RTP – 91.95%.
Generally, punters tend to lean more on slot machines with a generous RTP. Based on the given example, it is clear that the Silver Bullet slot machine can pay an extra 5%. This is more than the Plenty o’ Fortune slot could pay.
That is for the logical aspect, which many punters and online casino operators focus on the more.
Yet, there is a realistic aspect to consider. Ideally, the RTP is a calculation of how much the punters have wagered or betted on games. It also points out the ratio or percentage of those wagers that will be returned to the players after some time.
From the given example, the generous RTP given by the Silver Bullet slot is commendable. Yet, it is only a matter of when the returns will be paid. This might take time because the higher the RTP, the longer the duration of the returns to be made.
On the other hand, games with a lower RTP like Plenty o’ Fortune could make the returns much faster. An example of this is the Mega Moolah slot machine that pays back the 88.12% RTP in real-time.
RTP is a Reverse of House Edge
Return to Player (RTP) is a different way to earn revenue from online gambling. It is a reverse of House Edge because it reflects the real-world probability of winning in a casino game. All thanks to the use of Random Number Generators (RNGs).
Let’s use the Classic European Roulette as an example. The House Edge is calculated as 2.7% in an offline casino. The idea is for punters to work out a simple match using the 37 segments on the wheel.
You stand a chance to get a payout of 36-1 if you guessed the right number. Playing or wagering with $1 and placing a dollar each on each of the segments can help you win $36. This is assuming you guessed the right number. The remaining dollar is left to the online casino because that is its House Edge.
But, using RTP works best because the returns can be as high as 97.3%. This is assuming the online casino operator pays out $36 for every $37.
Return to Player (RTP) can help you maximize your gains as a punter in an online casino. Ensure that you take the time to study how it works. Then choose the best game that has a higher RTP to increase your chances of winning.