For the newbie gamer, the wide array of online casinos available can be a real minefield to navigate. Everybody wants to get the best possible deal out of their stake in the gaming business and casino owners know this all too well. That is why many of them offer various goodies to increase their clientele base. These “sweeteners” can be in the form of fast payout times, special bonuses, or high payouts.
You could be a one-time gamer who has come into some money suddenly and want to try out a gambling experience for the thrill of it or you plan to play for the long haul. It is always good to pick up a few tips before taking the plunge.
What is RTP and How to take Its Advantage
The RTP is casino parlance for “return to player”. It is the percentage of output that a gaming machine such as slots pays back to the winner concerning the amount that has gone into the machine. A higher RTP means that the player has a greater chance of winning or that the final payouts will be greater than playing on a machine with a lower RTP.
Casinos will usually have an average RTP for their games and this is also true for the industry as a whole. It is also worth noting that some types of games will usually have better odds of winning than others by their very nature. For example, where you pick a winner by choosing between two colours such as red or black, your chances of going away with the top prize are 50-50. If, on the other hand, you spin a wheel of fortune where only a quarter of the spaces have prizes, then your chances go down to 25%.
Top casinos also have a monthly payout percentage that is worked out by what percentage of the money wagered by the players collectively is returned to them in the form of winnings. However, it is worth noting that this figure is the average for a specific time frame and does not reflect your true chances of winning.
The monthly payout percentage is usually placed on the footer line of the casino’s page. Reputable firms such as eCOGRA and Gaming Laboratories International (GLI) are normally commissioned by the casino to work out and present a report on the casino’s percentage payout over a specified period. The percentage will normally range from 0% to 99% but with the stiff competition in the business, most top industry players strive for very high payout percentages.
Another term worth knowing is the house edge. Expressed as a percentage in games like baccarat and roulette, it shows which bets are likely to fetch the best returns. To benefit fully from the house edge, a player will need to adopt a strategy that will enable them to place higher bets when the odds are in their favour. This also means a player is likely to be a repeat client who is probably on the casino’s loyalty program and has learned how to use a winning strategy.
Despite all these suggestions, it is instructive that the house always wins at the end of the day. Indeed, every win in the casino is built on the loss by some other unfortunate player. The higher, the winnings, the greater the loss for other players collectively. At the end of the day, it may boil down to how much you as a player are willing to risk to win.
That said, some players are willing to place a few large bets with the hope of striking it rich. Others would rather place a larger number of relatively modest stakes and hope for modest returns that are hopefully marginally higher than the total wager.
Examples of Casinos with the Highest RTP
Examples of top online casinos that have a high rate of RTP include Casimba at 97.5%, Party Casino at 97.3%, Casino Days at 97%, and Powerplay at 96.8%. Some of these casinos are fairly new but the array of games on offer is amazing.
It would be unwise to dismiss other contestants for the top spot based on RTP alone. Some of the casinos with an RTP of 95% sometimes offer bonuses and promotional goodies that will exceed even what is on offer in the top casinos at that particular time. Therefore, a newbie is well advised to learn the ropes and keep a keen look-out before taking the plunge.