Monday, 3 October 2016

Land-based vs Online Casino | Return To Player Percentage (RTP)

RTP is a percentage that indicates how often players can win at the casino. The higher the percentage, the more often a player will win in the long run.
AVERAGE PAYOUT RATE
Online casino software will have an average payout rate which is likely to change on a monthly basis, but only by perhaps 1.00% or 2.00%. This information is generally calculated by reputable auditors who test the software and systems at online casinos. Their programs will play the games over X amount of time to figure out how much these games are actually paying back in winnings. This information is then calculated over a series of spins or hands and it will be based on how much cash has actually been spent on these games. This is called the RTP % payout information (Return to Player percentage payout information).
LAND BASED vs ONLINE CASINO
You will also find that online casinos naturally have a higher average payout rate than most land based casinos. The average payout rate at a land based casino could be anywhere between 70.00% and 80.00%, but when playing at an online casino you will find that most of them have an average RTP payout rate of between 93.00% to 98.00%. You should never really play in an online casinos which has a lower than 90.00% RTP.
RTP FORMULA
Players can calculate the Return to Player (RTP) for a casino game by using the following formula:
RTP = Total amount returned to players / Total amount bet by Players
Total Amount Bet by Players – The sum of each initial bet for each round by each player for the period over which the audit takes place for a specific game (usually one calendar month).
Amount Returned to Player – The net amount the player wins in a round. For table games, the amount bet is not counted in the return, just the net amount won. For slot machines and video poker return, the original bet is forfeited once it is placed.


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