If you’re looking to get into the world of casinos, you must have come across the term RTP. RTP or return to player ratio is a term used to describe the amount a player should expect to receive from every wager they make. Understanding RTP can go a long way to making you successful as a casino gamer.The only gamers that go on to reap consistent rewards from a casino are those that engage in games with a higher payout percentage. Many people mistakenly think that the casino sets the RTP ratio. Contrary to this, the gaming developers are the determinants of the payout rate. Most RTPs are below 100% since you’ll likely not make double your wager on a single bet.Although RTP represents the amount you should expect when you win a wager, it is not always accurate. There is usually some difference between the theoretical RTP and how much you get back.How to Calculate Return to Player (RTP) RatiosEven though RTP sounds like some complicated math term, it is easy to calculate. To get the RTP a particular game offers, you divide the amount you win in a wager by the wager amount itself.However, you need to note that RTP can’t be accurately calculated from engaging in a couple of games. RTP is a statistic from a substantial sample of results, numbering millions. This is because of the law of large numbers that says accurate predictions can be gotten from larger samples of a population.To understand RTP calculations in a real-life scenario, let’s assume you bet $100 on a slot game and win back $98. 98, which is the amount you when divided by 100, your total bet, is 0.98. 0.98 equates to 98%. This means for every dollar you wager; you get 98 cents extra.RTP is calculated over millions of spinsYour personal RTP may vary from the theoretical RTPRTPs in Online Casinos and Game VariancesEven though most of the interesting games in an online casino are virtual, the same RTP calculations apply to them. Because online casinos are more complicated than games found at land-based casinos, the computer algorithms that facilitate them undergo rigorous testing. In essence, RTPs in online casinos are more accurate than traditional ones.Variance is another widely used term in casinos that new players fail to understand. Variance is a tradeoff between the risk of losing and the amount you’ll get rewarded if you experience success. Generally, the payout frequency is inversely related to the amount paid out.In simpler terms, the higher the frequency of a payout, the less the amount you get paid. A game with low variance means you’ll get rewarded more frequently but with lower amounts. A game with medium variance means you’ll get rewarded with a medium frequency level but with better amounts.A game with high variance translates to a high risk of losing but big payouts if the jackpot is hit.ConclusionExpert casino players understand the concept of RTP and how to leverage it for consistent success. To calculate RTP, you must divide the amount won by the amount wagered. For a player to experience long-term success, the tradeoff between variance and RTP has to be explored.
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