RTP Odds

Slots Odds, RTP and Payouts – How they all work.

Join Mr Green

For many casino gamers, the RTP value is a metric used to determine a game’s fairness. While it shows a game’s fairness, if you don’t know how RTP odds work, you could be misled into believing some games have a higher win rate than they do. You can use the RTP value to choose the best slot games with the highest returns. However, remember that the RTP doesn’t tell you what to expect in a single-play session. Read on to discover the importance of RTP in your gaming and how to use RTP odds to identify high-paying games at Mr Green Online Casino. The guide also provides details on calculating RTP odds and the house edge of different casino games. 

What Is RTP?

RTP stands for ‘return to player,’ and it represents the average payback percentage of a specific casino game housed in brick-and-mortar or a live casino. It is a popular term in slots and table games like blackjack and roulette. The RTP metric indicates the payout allocation for a game. For instance, if you are playing a slot game with an RTP of 95%, the highest payout you can get is 95% of the amount wagered, and the casino can keep 5% of its revenue. If you are hunting for the best online casino for your gaming, you can check the average RTPs of all games. 

When evaluating the RTP of a casino game at Mr Green, keep in mind that the value is calculated over the long term. That means the return-to-player value will not determine the results of a single-play session, and you should wager what you are willing to lose. RTP in casino gaming is used to explain the casino’s house edge. Hence, no casino game offers a 100% RTP value to prevent losses to the casino. The return-to-player percentage is mostly used to express the highest payouts in table games and slot machines. Hence, you can expect roulette, baccarat and blackjack casino games to have RTP figures. 

Start your journey

Important Things to Highlight About RTP 

Return to player is primarily used to determine the house edge of a particular game. That is why table games like baccarat and blackjack always have a higher RTP since players have close to 50% chances of winning. In poker, the RTP is nearly 100%, and the casino fees deducted for hosting the game determine the win-or-lose value. However, the dynamics of RTP odds are different in slot machines due to the influence of other metrics like volatility and hit frequency. Hence, a slot game may have a higher RTP due to the massive jackpot and bonus multiplier. This shows casino gamers should not calculate the odds of winning based on the RTP value of a game. 

 Quick facts about RTP at online casinos: 

  • The return-to-player value displays a casino game’s average payout rate.
  • RTP is displayed as a percentage of the average amount players keep.
  • The average RTP value is calculated from multiple rounds of gameplay or spins.
  • A good return-to-player percentage is above 90%, while a great RTP percentage is 97% for slot machines and 99% for table games.

 

Casino players at Mr Green should remember that RTP is an average figure and doesn’t guarantee success or failure in a casino game. The success in table games and slot machines still leaves a lot to chance. For instance, you can still lose ten spins in a row in a game with a great RTP or win the jackpot on your first spin. 

 

What Is the Difference Between RTP and House Edge? 

House edge and RTP are two sides of a coin. The return-to-player percentage shows the amount paid back to the player, while the house edge shows the amount the casino keeps as revenue. For instance, a slot game with an RTP of 97% will have a house edge of 3%. The RTP value is mostly used in slot games, while the house edge is used in casino table games. In most cases, slot games have a fixed RTP; hence it makes sense to express it as a higher percentile. The house edge in table games usually varies depending on the game rules. For instance, slight variations in the rules of blackjack or roulette can change the house edge from 0.55% to 0.455%. It is easier to deal with the difference in house edge without the 99% RTP value getting in the way. 

How To Calculate RTP

Calculating the return-to-player percentage is a straightforward process. You divide the total amount won by the amount wagered. The total amount won isn’t calculated from a specific game’s history. Instead, a computer algorithm replicates hundreds or thousands of rounds over a short period. For instance, if a new game has $1,085,000 wins and an accrued turnover of $1,200,000, you can divide the two to get 0.9042. Since the RTP is expressed in percentage, it becomes 90.42%. 

Calculating the house edge is slightly complex in table games due to various factors that affect it. For instance, the return to the player will depend on the betting strategies and the wagers. 

Mr Green features popular casino games with different RTPs. If you want to spin the reels, you can find slot machines with the highest payouts. Some of the highest-paying slot games include Jackpot 6,000 from NetEnt, with an RTP of 98.8%. At Mr Green Casino, Mega Joker has the highest RTP of 99%, and Rainbow Riches has an RTP of 98%. 

Game rules and strategy influence the house edge in table games. For instance, a novice blackjack player can expect a house edge of 2.3%, while an experienced gamer can lower the house edge to 0.5%. Baccarat usually has a low house edge, but the figure fluctuates depending on who you bet on. For instance, betting on the banker reduces the house edge to 1%, while betting on the player increases it to 1.24% and a whopping 14.36% if you bet on a tie. 

RTP FAQs:

1. What does RTP mean in slot machines?

The return-to-player value in slot machines at Mr Green determines the amount a player can get from the game. For instance, a slot title with a 97% RTP pays back $97 for every $100 wagered. However, players should understand that the amount is calculated from thousands of spins and only leads to a win in some spins. The return-to-player ratio prevents losses for casinos by reducing the prospects of casino players making 100% of the wagered amount.

2. What overall percentages do slot machines generally payout?

Slot machines generally have RTP odds of over 90%. The lowest-paying return-to-player values are as low as 85%, while the highest-paying RTP odds pay up to 99% of the wagered amount. The RTP is calculated from thousands of spins and the amount wagered. However, other factors like volatility and hit frequency can influence the payouts. Since the game is based on luck, bonus features like multipliers and jackpots can influence payouts.

3. Is the RTP value publicly available for any slot?

Yes. Most jurisdictions require gaming establishments and casinos to publicly display the return-to-player values for all the slot titles in their catalogues. You can search for the slot title from a specific gaming provider to get the average RTP value or look for an online casino that offers slot games and search for your favourite game there. Some gaming authorities have a minimum return-to-player percentage that online casinos or brick-and-mortar gaming facilities must have.

4. Is a higher RTP slot always better?

Choosing a slot machine with a high return-to-player percentage is always advisable at Mr Green Online Casino. Theoretically, a high RTP is expected to give higher returns, but other variables come into play. For instance, the slot results are random, and the RTP odds cannot influence them. Sometimes, you can win in the first round and get higher payouts due to jackpots and bonus features.

5. Are RTP and winning frequency connected?

The RTP value doesn’t guarantee a win, no matter how high it is. For instance, you can play a slot title with a high return-to-player ratio and experience consecutive losses. Despite the value of the RTP odds, slot machines are based on luck. That means players at Mr Green Casino should consider other variables, like the hit frequency and volatility. The hit frequency denotes the number of times that any single spin can result in a win.