What RTP Stand for in Online Slots | Online Casino Details
Slots are actually quite simple when you play them at NZ online casinos. However, you have probably come across some terms that you did not understand. One such term is definitely RTP. It is often mentioned, but if you don't know what these three letters are, they can cause confusion. We'll shed some light on this and explain to you what the RTP is all about. Pay close attention now, because this knowledge is really worth its weight in gold.
This is RTP
We'll start simple and clear and first answer the question what the three letters stand for. RTP is an abbreviation for Return to Player. In the arcade, it is also referred to as the payout ratio. This term is much better known. You have almost certainly heard of it as well. The RTP is given as a percentage. For a video slot, for example, it is 96%. Out of $100 that you bet; you will get back $96 in the long run. With the help of the RTP you can calculate your chances of winning. In a virtual arcade, the RTP should always be above 94%. If it is lower than that, it is a sign for you that the arcade is dubious.
The RTP for slot machines is between 95% and 97%. The higher the RTP, the better the slot is for you. A little tip from us: try your luck at table games as well, because at them the RTP is usually a bit higher. When we talk about the RTP, we also can't avoid the term house edge. The house advantage is the opposite of the RTP and refers to the advantage that a gaming house has over a player in the long run. For example, if the RTP is 97%, then the house advantage is 3%. That's really easy as pie!
Why RTP is so Important
Maybe you have ever wondered why the RTP exists in the first place? For you, the RTP is so important because it protects you from big losses in the virtual arcade in the long run. The RTP is calculated over a long period of time and gives you an idea of which slot machines are more likely to win or lose in the long run. Therefore, it is best to choose a game with a high RTP and a low house edge.
Misconceptions About RTP
You've learned so far that a high RTP is good for you and a high house edge is bad for you. So far, so good. But avoid thinking of the RTP as a guaranteed payment rate. The RTP is the result of millions of spins and therefore does not apply to every single game. The RTP is more of a guideline that you can stick to. As with any of our games, you can be very lucky, but sometimes unfortunately also unlucky.
Where to Find Information About RTP
Do you want to see what the RTP of a game is? Then you should take a look at the game instructions. There you will usually find the slots RTP. Often you can also find the RTP in the game overview of the respective slot. Sometimes it happens that the RTP varies within a slot machine. An example of this are free spins. Through them, the RTP can vary within the game.