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Casino Payout Rates: What Impacts RTP Figures?
Public Group active 1 week agoCasino Payout Rates: What Impacts RTP Figures?
For slots and other casino games, the payout rate is exactly what it sounds like – they tell you how often you can expect a win. With that win comes a payout that depends on your initial wager.
These rates are expressed through a return to player (RTP) percentage. Generally, the higher the RTP, the better for the player. If you need a crash course in what the RTP means and why it can differ between slots, you’ll find what you’re looking for below.
What Are RTP Percentages?
The best way to understand RTP percentages is to think of them in terms of $100. Imagine a game has an RTP of exactly 90% – this means for every $100 you put in, the average player can expect to get $90 back over time. RTP percentages are most relevant for slots, but they’re also presented for other casino games.
You can get familiar with RTP figures at two places – online casinos or the informational services surrounding them. Canada has a robust iGaming industry with multiple large, regulated online casinos where it’s a requirement to show the RTP percentage on their games. Then there are aggregate services that seek to inform players about the space. For Canadian casinos, a service like Slotozilla hosts info about minimum deposits and available bonuses for 120+ providers. Alongside their casino rankings, they also have general information about the average RTP you can expect from certain games – like how slots have an 80%-99% RTP while blackjack is always 99%. By knowing these RTP figures beforehand, players can set expectations when entering their chosen casino.
When playing, you should keep in mind that RTP percentages are measured over thousands of rounds – between 10,000 and 100,000. If you want a more immediate metric to measure how often a game pays out, you’ll want to look at game volatility instead.
How RTP Varies Between Games
RTP figures vary depending on the type of game being played. Games like Sic Bo, explained here by Britannica, are known to have RTPs as low as 70%. We’ve ordered five of the highest RTP games below:
Casino Game RTP %
Blackjack 99%
Baccarat 98%
Slots 80%-99%
Live Dealer 95%
Roulette 95%
Who Sets the RTP?
The RTP is set by the slot developer, then rigorously tested and confirmed by independent auditing labs. They simulate thousands of spins to figure out the RTP, while also testing RNG algorithms to make sure it is truly unpredictable. You can learn more about RNG at Free Code Camp. Some of the biggest iGaming commissions demand a technical audit to qualify for licenses like:
i- The Alcohol and Gaming Commission of Ontario (AGCO) License
ii- The Malta Gaming Authority (MGA) License
iii- The United Kingdom Gambling Commission (UKGC) License
Some developers make games with a set RTP – meaning it cannot be changed no matter what casino the game is hosted at. Others let the casinos tweak the RNG algorithm and, in turn, the RTP. This is why the same game might have a different RTP percentage when played in two different casinos.
House Edge Explained
House edge is how casinos can stay profitable while still letting players win at their games. If you take 100% and subtract a game’s RTP, you get the house edge. It represents the probability that a casino makes money from extended play.
The best example is roulette. You may think a bet on red/black is 50/50 but, in reality, it’s slightly less than 50 because the green zero pocket exists. This gives European roulette a 2.70% house edge over the player because the casino makes money no matter if the ball lands on red, black, or that zero. American roulette doubles the zeroes, so doubles the house edge to 5.26%. With enough spins, this makes hosting casino games profitable in the long term.
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