What is Return to Player (RTP), and Hit Frequency?
RETURN TO the PLAYER (RTP).
Casinos employ the term Return to Player to describe how much funds that a VLT (or slot machine) will return to players. If you make 100 bets of $1 on a machine that has an RTP of 90 percent, you can expect to win about $90 in winnings. However, both the house advantage and RTP are typically determined over the long-term. return to player % could lose.
RTP is actually the opposite of the house advantage. A machine that has a 20% house advantage is likely to have an average RTP of 80 percent. This means that the machine can keep about 20% of the cash and pay the rest to the players as they win.
Hit Frequency
Hit frequency is the term that casinos employ to explain how often a machine stops when it comes to the winning combination. A hit frequency of 8 percent means that the machine will stop whenever it comes across a winning combination approximately 88% of the time. You should also know that VLTs and a lot of slot machines allow players to bet multiple times during each spin. A player can get one to three winning combinations on one spin. It is also possible to have several losing combinations. It might appear that the player is winning more often , however in reality, like all things eventually, the losing combinations will be more numerous than those winning.
The hit frequency of VLTs and slot machines may be very different. Certain slots come with chances of hitting as low as 3% while others games like video poker come with the hit probability of 45 percent. The frequency of hit in video poker could sound attractive, but bear in mind that in more than 50% of these "hits," the player just wins back his original bet. A machine with the hit frequency of 3% could sound rather uninteresting, however, it could offer players the chance to win the largest jackpot. Progressive jackpot machines with large payouts offer a lower percentage of hits, but larger jackpots.
Games with an extremely low frequency of hits are frequently regarded by players as "tight" because the winnings can be so far apart, while games with high frequency of hit are often viewed as "loose" because they have numerous tiny wins.
Remember "hit frequency" is the frequency at which (on average) a winning combination will appear. "Return to the player" is the amount or what percentage of all bets a machine makes will be able to return over the course of.