The RTP rate of a slot machine indicates how much a game’s expected return is. This article explains how to calculate the RTP of a slot machine in any casino.
How to Calculate the RTP of a Slot Machine
The Return to Player (RTP) of a slot machine or game is a term used by online casino operators to describe the percentage of bets placed on a slot machine or game that are eventually returned to players.
This article will show you how to calculate the RTP of a slot machine in an online or land-based casino.
What Is Return on Investment (RTI)?
In gambling, the term “Return to Player” (RTP) refers to the amount of money that a slot machine or casino game should theoretically pay back to its users.
It is derived from games over a long period of time and reported as a percentage. RTP is the inverse of “house edge,” which refers to the Casino’s mathematical advantage in any of their games. Players frequently use the RTP of a slot to decide which one to play.
There is a wide variety of games with varying return rates, such as low-RTP slots that provide small returns over a long period of time but can provide a massive payout for lucky players. There are also medium-RPP slots that provide a decent return for a short period of time. Finally, high-RTP slots provide a consistent return after several spins.
In the context of slot machines, the terms “return to player” and “payback percentages” are frequently used. The amount of money a slot machine pays out over time is referred to as the return to player (RTP) and slot machine payback percentage. These are practical games, with RTPs revealed only after tens of thousands or millions of spins. This return is the result of a slot’s RNG, which always generates unpredictable results in order to ensure fair gameplay.
RTP Calculation for Online Slot Machines
Knowing the RTP percentage of your favorite highest RTP slots in 2022 will help you decide when and how much to bet. Most jurisdictions require a casino or other gaming establishment to publicly display the RTP percentages for its video slots. To give you an idea, here are a few methods for calculating the RTP of an online slot machine:
Look for individual games as well as their RTP
The answer to the question of a specific game’s RTP is relatively simple. You can easily Google the slot name of the machine you want to play as well as the game studio or manufacturer’s name. This is possible whether you intend to visit land-based slot machines or online casinos. After the game’s name, add the RTP acronym.
In comparison to slots in online casinos, land-based slot machine RTPs are typically lower and more difficult to find. Casinos in Las Vegas are required by the Nevada Gaming Control Board to have an RTP of at least 75%. Some casinos show 97-99% RTP signboards in a specific cluster of slot machines, but only on one device. Although customer service is always available, they are rarely able to provide a clear response.
Examine the Online Slot Machine’s Help Function
Older online slots, like land-based slots, do not display their RTP. However, the majority of the most recent online slots do provide this information. To check the payback on an online slot machine, go to the help screen.
As an example:
- You are currently playing Thunderkick’s Esqueleto Explosivo.
- You select the help window.
- As you scroll down, you will notice that this game has an RTP of 96.0%.
You may occasionally play games that have a help screen with multiple pages. In this case, scroll down until you find the repayment percentage.
Some online slot developers always include the RTP in the help screens of their newer titles. Examples include Thunderkick, Quickspin, and NetEnt.
Investigate Online Slots Makers
Perhaps you haven’t considered it, but researching and selecting a slot from a reputable game developer or software provider can have a significant impact on your gaming experience. Slot games from different providers can be of varying quality, just as there is a distinction between Reebok and Nike shoes. Having said that, you can find a slot’s RTP by visiting the home page of a slots manufacturer.
Some developers are well-known for creating popular slots due to their high payouts and RTPs. You don’t want to be forced to play a slot machine from a bad developer where the only acceptable payouts are in the bonus round, so stick to slot machines from reputable manufacturers.
Inquire with Casinos via Email
Another option is to contact a casino directly and inquire about the RTP of a specific slot machine. The problem is that customer service claims they do not have access to this information. However, you may be able to obtain this information from a developer’s email on occasion. However, you should not rely on this strategy all of the time. If you’re desperate to learn the RTP for a specific slot, emailing them is at least worth a shot.
Identifying the RTP of a Land-Based Slot Machine
If, on the other hand, you want to know the RTP of a Land-Based Slot Game, here are some things to think about:
Examine the Gaming Reports
One of the most effective methods for obtaining RTP information for slot machines is to analyze reports from gaming authorities. Instead of making personal assumptions about coin sizes, consult state gaming reports. These records give you a general idea of the payback rates you can expect from different casinos. By chance, you might get payback percentages for the most popular games.
This 2017 data from the Nevada Gaming Control Board, along with Megabucks, shows the state’s average win across a range of coin denominations.
- Megabucks = 87.93% return (12.07% house profit)
- $100 slot machine = 93.21% payback (6.79% house edge)
- $25 slot machine = 95.03% payback (4.97% house edge)
- $5 slot machines = 94.16% payback (5.82% house edge)
- Dollar slots = 93.94% return (6.06% house edge).
- Payback on quarter slots is 93.06% (6.94% house take).
- 94.54% payback (5.46% house take) on nickel slots
- 90.17% payback (9.83% house take) on penny slots
Although you won’t get the exact RPT for each game, these reports will give you a better overall picture.
Assume RTP Coin Denominations
Slot machines that accept higher coin denominations pay out more money in general. This is not always reflected in statistics. The aforementioned 2017 Nevada report is a good example, as all slot machines, from $100 to nickel, are fairly distributed. However, keep in mind that the $25 slot machines provide the highest return on investment (95.03%). The smaller sample size explains the lower payout rate for the $100 slots. Few players can afford to bet $100 per spin. This means that the statistics for $100 slot machines will be more volatile than those for other denominations.
Compare the Casinos’ Overall Payback Percentage
You’re not going to have much luck with slot machines. However, by taking into account the average payback between casinos, you can at least create a composite average. State gaming reports can help with this. Here’s an example of a typical slot RTP for Ohio casinos in 2017.
- 90.09% payback (9.91% house take) for Hollywood Mahoning Valley
- 90.96% payback (9.04% house take) at Scioto Downs
- 90.95% payback (8.95% house take) for Hollywood Toledo
- 90.95% payback (8.95% house take) for Hollywood Toledo
- JACK CINCINNATI = 92.34% payback (7.66% house take)
These figures represent the total number of slot machines available at these casinos. The important thing to remember here is that you can improve your chances by selecting casinos with higher return rates.
Examine the Volatility of Slot Machines
For better odds, it’s critical to understand slot machine payback percentages. However, it would be beneficial if you also considered how volatility can affect your returns.
When it comes to slot machines, volatility or slot variance refers to how much your short-term returns will fluctuate. Even if a game has a high RTP, you may not win big money right away. High-volatility slot machine results are more erratic than low-volatility games. RTP slot pragmatic games are one example of this. If you’re trying to stretch a small bankroll, avoid games with a high level of volatility. If you want the right risk-to-reward ratio, mid-volatility slots are often the way to go.
Some online slot machine developers rate the volatility of their machines. Pragmatic Play, for example, distinguishes volatility by using one to five lightning bolts. However, the vast majority of online parking lots still do not provide this information. This means that in order to get a general idea of how volatile a game is, you should look at the pay table and the size of the slot jackpot. Volatile slots typically offer a few minor payouts as well as massive jackpots. You should look for another option to make your bankroll last longer.
How Do Progressive Jackpots Affect Payback?
Unfortunately, determining the precise impact of a progressive jackpot on RTP is practically impossible. This is due to the fact that slot machine games do not reveal the actual odds behind any payment. The payback percentages can always be calculated based on the likelihood of receiving specific combinations.
Nonetheless, based on the starting point of a jackpot value and its current value, you can make reasonable decisions. If Mega Fortune begins with a $500,000 seed and ends with $5 million, the RTP must have increased significantly.
The chances of winning the progressive prize are extremely slim. As a result, you’ll have to work with the games’ base payback rates.
If you are uncomfortable with 88-90% payback, it is strongly advised to choose popular online slots without significant progressive jackpots. These games are more likely to consistently return winnings. However, if you like to take risks and dream of bigger payouts, larger progressive slot machines are the way to go. However, wait until the jackpot increases in order to potentially increase the expected value of your bets.
5 Incredible RTP Slot Machines
Barcrest’s Monopoly Big Event (RTP: 99.00%)
WMS and Barcrest created Monopoly Big Event, a simple yet entertaining online slot game. It pays homage to the well-known Monopoly board game. Monopoly Big Event is a medium volatility, high RTP slot that is available at most slot casinos. The Big Bet mode is only available to high rollers who can afford to play high-stakes slots. The RTP for Monopoly High Event in big-bet mode is 99%.
Monopoly Big Event is a mobile slot game that can be played on your phone. This slot game includes wild symbols, progressive multipliers, and a free spins bonus round. Because of its high maximum bet amount of £500 per play, this slot machine is considered a high-roller slot game.
Netent’s Mega Joker (RTP: 99.00%)
Mega Joker is a simple slot to play that will transport players to a bygone era of slot machines because it was inspired by old-style fruity slot machines. Mega Joker is a hugely popular online slot game due to its randomly triggered progressive jackpot. Fortunately, most online casinos allow you to play this slot machine. Mega Joker is a well-known option for the best jackpot slot.
There is a bonus round, Wild and Scatter symbols, and a progressive jackpot in this slot game. Previously, the Mega Joker progressive jackpot paid out approximately £100,000 in cash prizes. Mega Joker has an RTP of 99%, but in order to access this RTP level, you must play in high bet mode.
Barcrest’s Ooh Aah Dracula (RTP: 99.00%)
Ooh Aah Dracula from Barcrest is an exciting and entertaining online slot machine game. It has stunning graphics and a thrilling free spins bonus round. Many online casino sites offer high RTP slots with medium volatility.
This online slot game has something for everyone and pays homage to Bram Stoker’s novel Dracula as well as a variety of Dracula and vampire-related films. Keep an eye out for the heart symbols, which will activate the free spins round. Although the symbols are a little amusing, this does not detract from the slot game.
The slot features of Ooh, Aah Dracula include a bonus round, several lucrative symbols, stacked wild symbols, and the opportunity to play with a high RTP level of 99%.
Netent’s Jackpot 6000 (RTP: 98.86%)
Jackpot 6000 will transport you to a traditional fruit machine in a Las Vegas casino. This online slot machine has three rows, three reels, and five pay lines, similar to classic slot machines. However, there are numerous advantages to playing this slot.
To begin with, Jackpot 6000 has a high RTP of 98.86%. Although there is a bonus game, the high variance factor ensures that there will be some excitement. Three matching symbols on a pay line are required to launch a significant win. It’s simple because you can only combine six symbols to form a winning combination. When playing Jackpot 6000, the maximum wager is £2, which is a small wager but useful if you have a limited bankroll.
Thunderkick’s 1429 Uncharted Seas (RTP: 98.60%)
Anyone who loves the high seas and ships will enjoy this online slot machine, which is based on historical tales of sea voyages. 1429 Uncharted Seas’ design is reminiscent of an old nautical chart. With the use of images, the Thunderkick development team truly brought this game to life, using magical creatures as symbols such as mermaids and giant squids.
The 1429 Uncharted Seas slot machine has scatter symbols, growing wild symbols, and free spins bonus rounds.
1429 Uncharted Seas has an RTP of 98.60%, which is extremely high and ensures that it is one of the top slot machine RTP lists with the highest RTPs.
So, while understanding Return to Player may be complex at first, it isn’t complicated once explained. You can use this knowledge to inform yourself about your chances of success whenever you discover a new game to play correctly. You can also compare the expected payouts for each type of bet you place with the likelihood of winning.
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