RTP stands for “Return to Player” and it is typically used in casino slot machines. It refers to the percentage of every bet that will be paid back over time.
Payout, on the other hand, is the amount of money that you actually receive from a game. This will be less than your total bet if you have lost any rounds or spins along the way. The payout percentage is usually displayed as a percentage next to the reels of a casino slot machine.
RTP vs. Payout
Many people who play slot games want to know how much they can expect to win back. They will often look at the Return-to-Player (RTP) percentage of the game. However, RTP is not the same as payout.
For example, two slot games might each have an RTP of 96%. However, one game might pay out 96% of its total amount wagered, while the other game may pay out only 90%.
The Return-to-Player percentage measures how much a slot player receives in winnings relative to the amount that he or she has wagered while playing at, say, Winbig7, one of the best online casino Singapore-based sites. For example, if a slot machine player bets $1 per spin and gets back $1.30, the game has an RTP percentage of 130%.
This is the same as saying that for every $100 gambled, $130 is returned to players. The number can also be expressed as a percentage. Thus, this game has an RTP of 130% (which means that it pays out $130 for every $100 that is bet).
A game’s RTP percentage does not necessarily tell you how much money a player can expect to win. To calculate this amount, the total amount that players have won should be divided by the total amount they have wagered.
For example, if players have won $10 million on a slot machine with an RTP of 90%, the payout percentage is 90%. To calculate this amount, $10 million should be divided by $100 million:
$10,000,000 / $100,000,000 = 0.01 or 1%
If players have wagered a total of $1 billion on the slot machine with an RTP of 90%, then they have won back $900 million. The payout percentage in this case is 90%. This can be calculated by dividing $900,000,000 by $1,000,000,000:
$900,000,000 / $1,000,000,000 = 0.90 or 90%
As you can see, the payout percentage and RTP percentage provide different information and may not lead to the same conclusion.
For example:
Game A: Players bet $1,000 and receive back $1,100 (RTP of 110%)
Game B: Players bet $1,000 and receive back $960 (RTP of 90%)
Players who look at the RTP percentage in Game A may think that it is a better game than Game B. However, the payout percentage in Game A is actually lower. In other words, players are more likely to lose money on Game A than they are on Game B.
It is important to note that not all slot games have an RTP percentage listed. If this is the case, it is best to ask a representative from Winbig7 for example for this information. You can also do some research online to find out what other players have experienced with a particular game.
Takeaway
The RTP is a helpful way for a player to see how much they can expect to receive back over time in a game while playing at best online casino Singapore-based sites for example. However, it does not include money won from bonuses or payouts from progressive jackpots. The payout percentage is a good indication of how much you can expect to receive in the short term, although it may not be as reliable over time.
Generally speaking, the higher the payout percentage, the better your chances are of winning in the short term. However, always remember to read the small print as some games with high payout percentages may have lower RTPs. It’s important to do your research before playing any casino game!
