For gamblers who want to understand more about the slots games they play online, it’s worth investigating more about average payouts. Clearly, when something affects your wallet, it’s good to know a bit about it.
Online slots machines have evolved into genuinely sophisticated pieces of technology. Gone are the clunky machines of the past, stuck in dusty pub corners.
Nowadays, online slots baby mobile machines use advanced computer programmes to calculate RTP rates and ensure fair play with RNGs (random number generators).
RTP percentages are there to provide a general idea of the expected payout in a particular game. However, it’s important to remember that this idea is very general. On average, most RTP rates are around the 96% mark online, which is far more generous than in traditional bricks and mortar casinos.
In short, the higher the RTP percentage is, the more beneficial it is for the gambler over time.
Be careful not to muddle RTP rates with “house edge”
Many people mistakenly use these two terms interchangeably. This is an error. The RTP percentage is really the opposite of the house edge.
RTP describes the odds of the player, whereas house edge represents the advantage the casino has over the player.
To work out the difference between the two, all you have to do is find the house edge, for example, 4.57%, and subtract that from 100. That’s how you find your RTP rate. So, in a game where the house edge is 4.57%, the RTP percentage is 95.43%.
Payout rates aren’t set in stone
As stated above, the payout rates regarding online slot games normally vary between 95% and 97% for the vast majority. However, another important thing to remember is that they’re not set in stone. They can change from month to month on the online casino.
Depending on certain economic factors affecting the online casino, the rates will rise and fall. Astute gamblers will monitor these and mix up their play on the games accordingly.
It’s not something that you should get obsessive about, at the end of the day, gambling is all about fun. However, just a quick review of the games you’re playing every few weeks, and how the rates are changing may affect your chances of some money back.
Calculating the maths
As we’ve already mentioned, the vast majority of online casinos offer an RTP of around 96% for most of their games. Now let’s say that if you spend £10 daily for 100 days, your final wagering amount stands at £1000.
Now if you can imagine that the RTP percentage of the slots game you’re playing is is 95%. Therefore, and this is all hypothetical, the expected amount that you will lose is around £50 over every 100 days.
It’s crucial to remember that gambling is nowhere near as regimented as this, and thanks to RNGs, each single time the reels spin is like wiping the slate clean. However, calculating averages over periods of time is one way to work out where your chances are regarding payouts.
What’s more, spending £50 every 100 days doesn’t seem like too much of an expenditure when you could walk away with a life-changing jackpot!