Slot Machine RTP, Definition , Why Is It So Important?
If you’ve ever read the “info” page of a video slot, or even read through various online forums, and slot reviews, there’s a good chance you’ll have seen the term “RTP” thrown around a fair bit… and in this post, we’re going to look at what it is – and why it’s so important to slots.
RTP is the short-hand for return to player, the percentage at which a slot game pays out to players, over the course of a year or more. In simple terms, it’s the average percentage of how profitable a slot can expect to be for an online casino, and while it’s just a guideline and should NOT be taken as fact, it’s important to look out for, for a number of reasons.
While there’s no industry-standard, or legal precedent that a RTP has to follow, most slots you’ll find feature a percentage between 85% and 97%.
If you found a slot with a RTP of, for example, 90%, it would mean that the slot would – on average – payout £90 for every £100 staked on it, essentially saying that the online casino keeps £10 in profit.
If, on the other hand, we looked at a slot with a RTP of 85%, it would mean that for every £100 staked on it, it could be expected to return £85 to players, with the casinos keeping a profit of £15. Clearly, it’s better to play a slot with a higher RTP than a lower one, but that’s not all that comes into play.
You see, slots with a higher RTP tend to be of a lower-variance, which means it will award wins more regularly, but the wins it does award will typically be smaller than slots with a low RTP.
Slots with a lower RTP will pay out less regularly, but when they do payout, it will typically be for much more, and these are called high-variance slots.
How To Find The RTP Of A Video Slot?
All slots have what are called “information pages”, and these are found within the slots themselves; they explain how the slot works, lay out the pay-lines structure, and explain how the bonus (if any) works.
They also show the RTP, and this can usually be found on the last page, alongside the legal information and credits.