Slots 101: What is RTP and how does it work
If you’re new to slot games in crypto casinos, you’ve probably heard of the term RTP yet have no idea what it is. Luckily, here at Bitcasino, you can learn all about the concept of RTP and how it is integrated with slots so you can improve your betting strategy once you take the reels for a spin!
What does RTP mean?
Since there is never an assurance of winning in gambling, taking calculated risks is important. One of the factors you can consider is the Return to Player Percentage or RTP, which is the theoretical percentage of rewards a slot game pays out over an unlimited number of spins.
Simply put, the RTP is the payout percentage of an online slot game. Game providers determine the RTP by testing the slot game over a million spins and seeing how much of the total bet is returned. To find the RTP, the following formula is used:
RTP = total player wins/total player bets*100%
For instance, a game pays out $9,500 and the total amount gambled by players is $10,000 over an indefinite period. This would provide you an answer of 0.95, which can be represented as 95% in percentage.
However, this is only theoretical and cannot be applied to a single gaming round. There are times when you will wager $100 in a single session, but the results will not always be in line with the expected 95% RTP. This is where the concept of variance comes into play.
How are RTP and variance connected?
Variance, which is sometimes also known as volatility, indicates how often a slot game is going to reward you. It can be broken down into 3 basic levels:
- Low variance – the slot game will pay out smaller amounts more frequently
- High variance – the slot game will pay out larger amounts less frequently
- Medium variance – somewhere in between the low and high variance.
For instance, on a slot game with high variance, you might not win for the first 15 spins, but when you do, you could win a whopping 1,000x your bet. On the other hand, you can win more frequently at slots with low variance but the payout is smaller compared to its high counterpart.
Playing in demo mode can help you know the slot variance and it is often indicated in the slot game’s paytable.
Top 5 slot games with the best RTP
RTP is a concept meant to guide you in choosing which slot game can give you a good chance of winning. Below are the top 5 slot games here at Bitcasino that can offer you a big win with a decent amount of playtime:
- Heads and Tails by BGaming – 99% RTP
- Book of 99 by Relax Gaming – 99% RTP
- Thrones of Persia by Tom Horn – 99% RTP
- Marching Legions by Relax Gaming – 98.12% RTP
- Jokerizer by Yggdrasil – 98% RTP