Return to Player (RTP) and Hit Frequency: What Do These Signify?
RETURN TO PLAYER (RTP)
The phrase "Return to Player" (RTP), is used by casinos to denote the percentage of wagered cash that a slot machine or VLT will pay to players over time. For example, if you make a hundred dollar bet on a machine that the RTP is 90%, you can expect to receive around 90 dollars in winnings. The two factors, RTP and house advantage are calculated over the long term. It is possible for anything to happen in the short-term (see Short Temporary Volatility and Long Term Predictability) This is why it's crucial to only bet with money you are willing to lose.
RTP is the other side of the house advantage as you could have noticed. A machine with an advantage of 20% over house will have an RTP average of 80 percent. This means the machine can keep 20% of the money that it wagers and then return the remaining percent to players with wins.
Hit Frequency
Hit frequency is the term that casinos employ to explain how often a machine stops when it comes to winning combinations. For example, if a machine is able to hit a frequency of 8per cent, it means that the machine will cease after a winning sequence about 8percent of the times. It's important to know that most slots and VLTs let players bet on multiple lines on each spin. This means that a gambler may win one or several winning combinations as well as numerous losing combinations on a single spin. Even though it appears as players are winning more often than they normally do however, the amount of losing combinations over time is far more.
The hit frequency of Slot machines and VLTs could vary greatly. While return to player percentage could have a hit rate of just 3%, other slots like video poker may have a rate that is close to 45%. While the frequency of hit in video poker might sound appealing, bear in mind that almost 50% of these "hits" are just a return on his original bet. Even though a machine with 3 percent of a hit rate might not be appealing, it's likely to give gamblers a chance at a huge jackpot. Jackpots that are large have a lower hit frequency however, they offer larger jackpots.
Players often perceive games with low hit frequency as being loose because they are difficult to win. Games that have high hit frequency are seen as less loose since they are filled with small wins.
Remember, the frequency of a hit is the average number of times a winning combination occurs. "Return to the player" is the quantity or what percentage of money wagered a machine will pay back over the course of time.