What is Return to Player and why is it important?

What is Return to Player and why is it important?

Every industry and speciality has its own jargon, its own language to describe things that are specific to the way things work in that setting. In online casino terminology, words like reels, slots, free spins, bets are all examples of sector-specific vocabulary. While most of these aren’t too hard to figure out, there are some phrases which are not as common and, thus, they are a tad harder to fully understand for those who are unfamiliar with them. One such example is Return to Player (RTP), a phrase that pops up now and then at many an online casino and in numerous online casino games.

What is Return to Player?

Return to Player is a phrase used to designate the percentage of money invested in a game that, over a game’s lifetime, will be paid out to its users, i.e. returned to the players. The benefit of knowing a slots RTP means that you can get an idea of how “generous” the slot is as the higher the RTP, the more money it pays out. RTP, in effect, is the opposite of the house edge. The house edge is the percentage the casino takes from the money invested in slots to cover costs. Once you remove the house edge from the slots’ intake, the remainder is the RTP and vice versa. For example: a slot has a house edge of 3%, therefore the RTP is 97% which means that for every 1BTC bet, 0.03 goes to the casino and 0.97 goes to the players.

Why is it important?

Although RTP gives you an idea of how much money is paid out by the slots, it doesn’t give any indicator as to the frequency or the size of payouts. It could be a frequent payer with low amounts or one that pays out in a big way but with much less frequency. RTP shouldn’t be taken as a sign of a slot’s generosity, it’s merely a statistical factor involved. If you do fancy your chances at slots with higher RTPs, then it’s possible to find lists online which rank the slots with the highest RTPs.

And there you have it, a quick look into one of the most common yet least understood phrases that is to be found at online casinos. We hope this has been helpful and that you continue playing away now that you know what this means.

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