Why look at Return to Player percentage in slot games?
There could be several reasons why people are attracted to slot machine games. They are fun and colorful, easy to play with, and to understand. They also have attractive features and other stimulating elements such as themes and bonus rounds. You can decide to play based on those things, but if you are a serious player, there are other factors to consider.
The odds of winning
In the money-wagering business, people would always look for a so-called sure thing. While there is no real guarantee you will make a perfect prediction, one should always aim for more educated guesses.
When making a sports bet, you take all the information and statistics under consideration and then decide based on the best odds available. To pick the best card game tables and the best slots machines to play, you should be looking at such pointers as Return to Player percentage or overhead value.
The numbers game
Simply put Return to Player value indicates the amount of money that a particular slot machine pays back to the users for each unit over time. The number is usually described as a percentage.
The higher it gets, the more often the player can win over a more extended period. For example, with an RTP set at 95%, the machine will give back $95 for every $100 put in it. Following that, the house edge for a slot machine can be calculated by subtracting the RTP from 100%.
It's essential to remember that RTP does not specify how likely a player is to win his games. For example, two machines can have an RTP of 97%. However, one could pay smaller amounts more often, and the other could pay out more but less frequently. Slot machine games are determined by random number generators. Therefore, the RTP values, as statistical calculations, are only average estimations. It means that the chance of winning is the same each time we play.
It is true that in the long run, the house always wins. After all, the Return to Player amount comes not from casinos' pocket but the collective players' spending. However, the RTP is still crucial, and you still need to look for the machines that offer better chances to win money.
Casual players who enjoy slots from time to time do not always pay attention to the RTP's statistics. It isn't particularly significant to them, in all fairness, as the credible results can only be observed over longer periods.
The RTP value can be calculated by dividing the total amount returned to players by the total amount of wagered money. The number is usually derived from a minimum of 1 million spins play. It gets a little more complicated when we take multiple pay lines and advanced features under consideration.
In any way, the higher RTP also benefits the casino providers themselves, as they can attract more customers eager to use their machines and then come back for some more action, because they get a win, at least some of the time.