What is RTP
In the casino context, you have probably come across the term RTP, but what does it really mean? I therefore thought I would tell you more about what it means and how it can be used when playing slots.
An explanation of RTP
RTP is an abbreviation of the term Return To Player, which may give you a hint as to what it means. In short, it is a value that all slot machines are endowed with. A value that tells you what percentage of the money invested goes back to the player.
Does that sound complicated? We play with the idea that you play on a slots that has an RTP of 96 percent. You bet SEK 100. Theoretically, you should then win back SEK 96 on your invested hundred note.
Note, however, that I say purely theoretically. What you should be aware of is that this is rarely true in practice. When you calculate this value, you often see over hundreds of thousands, sometimes millions, of spins.
In practice, there is a good chance that you will lose your bet of a hundred kronor. If, on the other hand, you are lucky, you can also win big prizes and exceed the slot machine’s theoretical refund of 96 percent.
RTP is thus a value that indicates the theoretical repayment of a slot machine, i.e. what percentage of the money wagered goes back to the player. However, as it can be calculated over several million spins, this is rarely true in practice.
How to use RTP
If the theoretical repayment is rarely true in practice, then how should I be able to use it, you may be wondering?
Although the RTP is seldom correct in practice, it can give you a clue as to where you have the greatest chance of winning. If you play on a slot machine that has a high theoretical payback, you should over time have greater chances of winning compared to a slot machine that has a low RTP. Once again – at least theoretically.
There are also situations where it can be very beneficial to play slots with a high theoretical payback. Once you have taken advantage of a welcome bonus that is subject to wagering requirements, i.e. that you have to wager a possible profit a number of times.
If you have made a big profit and have to turn it over a number of times before you can take the money, you of course want to do this as quickly as possible. A great opportunity to play on slots that have a high RTP.
To sum it all up, it can be advantageous to play slots with a high theoretical payback if you want to maximize your chances of winning in the long run. However, remember that there is no guarantee that you will win.
There you have it – an explanation of what RTP is and in what situations you can use it in practice. However, do not forget to play responsibly and keep in mind that the theoretical repayment does not guarantee you any winnings!