Games of chance: RTP and variance

Home » Games of chance: RTP and variance

As a seasoned casino player, I have learned a few tips and tricks for maximizing my chances of winning when playing games of chance like slots and other casino games. While it’s difficult to come up with a reliable strategy for these types of games, which are largely based on luck, there are still ways to increase your chances of success.

What do RTP and variance mean?

The Return to Player (RTP) is a term used to describe the amount of money that a player can expect to receive back from a casino game, expressed as a percentage of the total amount of money wagered. It is also known as the payout ratio, payout percentage, or expected return. RTP can be thought of as the opposite of the house edge, which is the percentage of money that the casino keeps as profit. For example, if a game has an RTP of 97%, the house edge would be 3%.

In European roulette, the probability of winning a straight bet on red is calculated by dividing the number of red spaces (18) by the total number of spaces on the wheel (37). The payout on “red or black” bets is twice the amount wagered. Therefore, the formula for calculating the RTP ratio is 2 x 18 / 37, which is 0.973 (rounded) x 100, resulting in an RTP of 97.3%. This means that the house edge is 2.7%.

It’s important to note that RTP can vary from game to game and even within a single game. Factors such as variance, or volatility, can also affect the outcome of games of chance.

 

What’s the difference between high and low-variance games?

In the world of gambling, games can be classified as either the high variance or low variance. This refers to the level of risk associated with the game and how much money the player can expect to win or lose over time.

In games with low variance, the player can expect to win small amounts of money regularly, but with less risk. On the other hand, games with high variance, also known as high volatility, have a higher risk level but can result in bigger wins when the player does win. Many gamblers prefer high-variance games because they believe that, over time, they will end up winning more money, even though they may lose more rounds.

There are several reasons why high-variance games are considered more advantageous. For one, they are more likely to pay out a big win, which can be an incentive for many gamblers to stop playing. Players who play high-variance games also tend to find it easier to quit while they are ahead, as compared to those playing low-variance games and winning small amounts frequently.

Another advantage of high-variance games is that losing frequently can actually be beneficial. When players lose often, they tend to make smaller bets in the next round, which can help to limit their overall losses. Additionally, high variance means that the player can win a larger amount of money relative to the amount wagered, so they can bet lower amounts to still win big. Overall, high-variance games are popular because they have the potential to result in larger winnings in the long run.

 

How to find games with high RTP

If you are interested in finding casino games with a high Return to Player (RTP) percentage, there are several ways to do so. One option is to calculate the RTP and house edge on certain games, although this may not be possible for more complex games or games with truly random outcomes like video slots. Some online casino games will clearly state their RTP percentage, while others may be less specific, simply stating that they have a high, medium, or low RTP.

Another way to learn about the RTP of different games is to search online. Many websites that review online casino games will include the RTP, and a quick online search for “casino games with high RTP” will yield several lists compiled by gamblers. Keep in mind that not all of these lists and statistics may be entirely accurate.

It’s important to note that RTP can vary widely, with values ranging from 92% to 97%. Games with a low house edge, such as European roulette, tend to have an RTP of around 97%. In general, games with an RTP of 96% or higher are considered to have a high RTP and may be a good option for players.

It’s worth noting that RTP is not an exact science and it’s possible to win or lose money on games with both high and low RTP. Casino games are based on luck and the RTP is a ratio that is calculated over long periods of time. If a game pays out at a lower rate than expected, it doesn’t necessarily mean that the system is not working, it just means that other players may have been luckier when playing the same game.

 

 

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