What is RTP in Gambling?

February 1, 2023 World iGaming & Gambling

Today, we’ll talk about RTP, what it is and more importantly, what it means for you.
Return to Player (RTP) is a term used by online casinos to determine how much you have bet on a game that will be paid back to you over a long period of time. The definition of RTP in the context of gambling may be unclear.

In the end, a player’s decision to play a game or not may be influenced by the RTP. Therefore, it is crucial to comprehend how RTP functions.

You’ll see as you read this article that the majority of games have an RTP of 95% to 97%. This indicates that the game will pay out between 95% to 97% of each dollar spent.

How to Calculate a Good RTP?
While we’ll start with the industry average RTP of 96%, any game with an RTP of over 95% qualifies as a decent game. This is the proportion that we would all anticipate finding in online casinos; nevertheless, some games have lower percentages than this, and you will undoubtedly encounter games with larger percentages as well. RTP can reach as high as 98% in some games, and those that fall below 95% are considered to have low RTP.

Despite how complicated it may sound, RTP is determined by a rather straightforward formula: the sum of the winnings you can anticipate over a certain, typically extremely lengthy, sequence of games. This does not imply that you will always receive that return, though.

To make things simpler for you to understand, let’s use a slot machine as our example.
You should anticipate receiving $95 in winnings if you are playing a slot machine with a 95% RTP priced at $1 each spin. However, a certain number of spins is used to calculate the final percentage. In other words, you shouldn’t expect to win back your $95 after spinning the machine 100 times. Making smarter gaming judgments and raising your odds of winning require an understanding of RTP values.

What Is the RTP Process in Online Casinos?
RTP is just as important to the casino as it is to you because it can be thought of as the house edge, or the profit margin of the casino.

Since RTPs are determined over a large number of rounds, the more you play at a casino, the more the results of your games will resemble the given RTP. For instance, there’s a chance that you could play 10,000 hands of Blackjack and win the given RTP of 97%.

RTPs for several casino games are more complicated but Online casinos usually disclose the RTP of each game so players know what to expect, regardless of how complicated the game is.