Gambling as an industry is very diverse and there are different aspects of it that even the absolute beginner gamblers need to know before they start practicing it. It is an industry that has been centuries in the making only to be completely changed with the arrival of online casinos. In the modern world you can pick and choose from so many options whether you enjoy traditional gambling in your local brick and mortar casinos or prefer doing it on the web from your favorite device. It does not matter really as long as you have fun and enjoy spending time with your go-to gambling games. What does matter and what is universal among all casino style game is the luck involved in it and the chance the players have to win even the bare minimum of prize money.
Gambling is infamous for its very obvious premise which cannot be taken out of it. Without the risk factor being larger than your chances at winning, it would not really be gambling now would it? It is not all about winning but also the feeling of adrenaline, the blood rush you get while playing and the high stakes that are involved. Online and brick and mortar casinos are places where people come to have fun first and foremost, and then comes the money being won. If you are only in it for the money, there is a small number of games where skill is vastly more important and present than luck. But for games that balance it or where luck dominates as the main winning factor, it is all about the Return to Player (RTP) rating.
In this article we talk about this important part of gambling and help you learn how you can calculate it. We also tackle the issue of what it even is and why it really exists. It is important to get the gambling language in order if you want to be more successful as well as to enjoy playing more than you did before. Read on to learn about the RTP and why it matters. Once you get more familiar with it be sure to check out https://onlinebingonz.co/ and browse some of the best online casinos available.
The Basics
So what is the return to player rating and why do casino games have it? Well, it is simple really and very necessary for the casinos and services that own them because it is a way they make money from the players even when the players keep winning. The RTP rating of a slot machine for example is the percentage at which the machine gives money back to the players. For example, if the RTP of a game, let’s say a slot, is 96%, it means that it gives back $96 for each hundred dollars the players feed to it.
This is a broad average and it does not mean that it will spit back your money when you go over the threshold. It only describes the amount the game pays back to the players on a very large sample size, a large number of spins. It is millions of spins really, at least when it comes to slot machines. For other games it can be lower, like video poker, roulette, etc. It does not really make sense to try to chase this during a short gambling session because the sample size is miniscule in comparison with the algorithm and the total amount of spins the RTP is based on.
Choosing the Right RTP with Games
Calculating RTP does not always need to take place especially with games that are almost entirely based on luck. Usually, you can find the RTP percentage written somewhere on the game. With physical machines at brick and mortar casinos, it is written on the side or somewhere around the screen. With online casinos it can be anywhere. What is important is finding it and only choosing the games that have the RTP as close as 100% as you can find. This will not make a huge difference because it still takes into account millions of spins and thousands of different player sessions, but it will still give you a higher chance of winning. If you like slot machines, video pokers, and other contemporary digital and online games that rely on advanced software and random number generator (RNG) algorithms, aim for the highest return to player rating that you can find.
How and What to Calculate
There are still games that do not display their RTP for the players to know so how can you decide whether it makes financial and logical sense to play it? Attempting to win money from a game without knowing how much it takes and how much it gives back is not really a great tactic nor a smart gambling move. The only thing that can help you calculate the return to player is the house edge. If you have ever wondered what is the remaining percentage out of a 100%, it is the house edge.
In the aforementioned example of a slot machine that has a return to player of 96%, the remaining 4% would be the house edge. In the entire gambling industry this is considered a rather large houses edge, which should not come as a surprise simply because slots are among the most difficult and practically impossible games to win at. With other games, especially those that are based on skill like poker, traditional roulette, and blackjack, the house edge is much lower and between 1% and 2%. This means the RTP is around 98% or even 99%.
All casino games have an average house edge that you can easily find online. It may fluctuate between casinos but the differences are usually half a percentage at most. So to stay as profitable as possible and get the most out of your gambling sessions, you should pay attention to the RTP of the games and try to calculate it based off of the house edge that are available. Doing so will make your bank roll management better and give you a chance to win more money from your sessions than you lose.