What Does RTP Mean in Slots? 3 Essential Things for Players

What Does RTP Mean in Slots

We know! you must be wondering about what does RTP mean in slots. The RTP is a statistical value that expresses how profitable a slot machine is for the casino, i.e. how much money it earns or loses on average. The RTP must always be in the range of 0 to 100 percent. 

The player would never get a cent back if the percentage was 0%; the machine would eat the money. The term “100%” refers to the slot machine’s average payout. 

If you bet 100 dollars on a slot machine, you will usually win 100 dollars. In this scenario, it is clear that the casino will lose money. It would be illogical to offer this slot, so it does not exist.

Fortunately, normal slots with RTPs in the high 90 percent range usually have RTPs of 95 to 98 percent. If a player bets 100 dollars and the RTP is 98 percent, he will get back 98 dollars on average. Because slots usually pay out less, this is a great deal for the player. That is to say, the 98 percent slot is very fair and a good option.

What Does RTP Mean in Slots Actually?

If you’re wondering what RTP stands for, it’s an acronym for ‘Return to Player.’ This is a percentage-based number that represents the chances of winning at a specific online slot game. 

It’s the percentage of bets a player can expect to win back over the course of their entire time playing that game. It is, however, only an average and does not reflect the exact amount a player could win.

The RTP percentage is typically shown next to each casino video game or in the paytable. The RTP is usually expressed as odds for each type of possible bet in live casino games like roulette and blackjack, and this page will cover both.

The Statistics Behind RTP

Many casino players struggle with a lack of statistical knowledge. Even though everything is within a statistical framework, they quickly refer to a game as “fake” or “rigged” when it goes against them. The RTP does not provide much insight into how a slot will perform in the short term. 

Of course, a slot could theoretically return the exact percentage every time. So that if you bet 1 dollar, you’ll always get 98c back – every time you turn the wheel. That would be very boring and predictable. Nobody would risk their money on such a machine because there is no way to win.

As a result, a slot machine can’t be completely predictable, and it must fluctuate around this average/RTP based on the actual payout. 

After 100 times 1 dollar spins, it may pay out only 50 dollars, then 200 dollars. The following time, it was 90 dollars, then 60 dollars. After that, it’s 20 dollars, then 200 dollars. 

It’s important to realise that a lot can happen in a short period of time and with uncommon assignments. Both in one and the other direction. 

An RTP is nothing more than a statistical value that will settle after thousands of sessions. So you can only say how high the RTP is if you bet 10,000 times 1 dollar, for example.

The Highest Slot

The RTP is now handled in a very transparent manner like in the Ugga Bugga. Manufacturers used to make it even more of a secret. 

This was primarily due to the low RTPs, and no one should know how much money you lose in the long run when playing online slots. This has changed, and the RTP is now usually displayed right next to the game.

However, an RTP is only a theoretical value. There are slot machines that are identical in every way. These are machines that do not have a jackpot or a variable payout. 

This rule is not without exceptions. The RTP is determined by a number of factors. The theoretical payout can be enormous, but the average RTP is significantly lower.

In the end, you already know what does RTP mean in slots. As a result, it all depends on how you interpret an RTP. 

A Jackpot Jester slot machine or something similar is an option if you want a slot machine with a theoretically very high RTP. These machines will pay out 99 percent or more in certain circumstances. However, only in certain circumstances.