Developers and online casinos often prominently display game odds or in the case of slots, RTP’s. They serve as a great advertisement for how rewarding a certain casino is, but what do they mean and how reliable are they?
Anyone who has played a slot will confirm that it is very easy to walk away broke from a slot game, so where do Return To Player figures come from and are they purely just a number?
House Edge And RTP
When you look at a slot’s pay tables you will see the game’s RTP advertised as a percentage. This means the Return To Player. This RTP and the House Edge of other games are essentially two sides of the same coin. Let’s take an RTP of 95%, this translates to a 5% house edge.
The odds displayed in slot games give you a theoretical indication of what you can expect returned to your pocket when you play the slot. For example with a 95% RTP player can in theory expect 95 returned to him for every 100 wagered.
How Are Odds Determined?
To determine slot odds is quite a process. It entails testing the game software’s random number generator by running millions of games in a row. A slot manufacturer or a third party auditor will run a special program that lets the slot reels spin freely, essentially. The results of each and every game are tabulated and graphed and used to determine the average payout of a slot over millions of games. This is where the RTP or house edge values come from.
So when a slot RTP says 95%, it means over the space of a million games, the slot should return 95% of what you played. If however you repeat this experiment using your 100, you will see that the difference in payout between millions of games and a hundred games is quite large.
How Accurate Are Odds?
Slot odds are 100% accurate. This may sound like a debatable statement but most casinos have third party auditors who test their game software to prove their results are truly random, so in this sense the odds are accurate and, as discussed, the odds are representative of thousands upon thousands of games.
They will all average out to the RTP payouts. The problem is not necessarily how the odds are come by, but rather how we as humans interpret them. To see how slot odds affect your gaming, we need to look at the slot volatility.
High Volatility Slots
Slot volatility refers to how likely a slot is to pay out. A high volatility slot means that players need to make regular high-risk wagers for a big potential payoff.
Your risk is more but your reward is more. High Volatility slots include progressive slots where a player needs to play at maximum wager in order to stand a better chance of winning the Progressive jackpot.
Low Volatility Slots
Low volatility slots are my personal favourite. They are cheap to play and offer you regular wins. This is the best slot to play if you are looking for long-term rewards. The more you play, the more you win. Low volatility slots are for players who enjoy the game just as much as they enjoy massive prizes.
All in all, slot odds can be used as a benchmark for how rewarding a game or a casino is, but you should not take the odds at face value. As discussed these odds are determined over a very long time frame. If you take a slot’s given odds in context, it makes perfect sense and can be a helpful feature, especially when you know a casino offers proven random software.