In this guide, we will explore how RTP (Return to Player) affects your chances of winning, delve into essential concepts, understand why casinos may decrease this figure, and how it impacts players. Additionally, we'll touch upon the topic of licensing and learn how different licenses can influence RTP.
What Is RTP and Its Significance in Online Casinos?
RTP represents the percentage of wagers returned to players over the long term. Expressed in percentages, it illustrates what portion of a player's bets can be expected to be returned over the long term. In our RTP guide, we delve into this term in detail and why it's worth paying attention to:
➤ What Is RTP in Casino Games and Why Is It Important?
What Is the Reduction of RTP, and Why Does It Occur?
One of the primary reasons for reducing RTP is the desire of online casinos to increase their profit margins. Despite the fact that casinos are always in a favorable position, even with a high RTP of 96% (meaning the casino takes 4% of each bet), some greedy and unscrupulous platforms found this insufficient and decided to exploit players by lowering RTP.
This has left players disappointed because, besides casinos taking a significant cut, they are also depriving players of the chance to win. Even a seemingly small reduction in RTP from 96% to 94% can shorten the duration of your gameplay by 30%. This means players will lose their money more quickly, subsequently reducing their chances of winning in the long run.
And what can be said when the reduction goes as low as 90% or even 78%, which is often seen in slots by the provider Play’n Go in unscrupulous casinos?
Therefore, it's essential to always verify whether you're playing with the highest possible RTP or in a slot where your chances of winning have been deliberately diminished.
RTP and Licensing: Differences Based on the License
Various licensing authorities may set different minimum RTP requirements for slots. Players should consider this when selecting an online casino to enhance their chances of winning.
Some of the most common licenses include:
MGA License (Malta): Known for its strict casino requirements, the MGA states that the minimum RTP is 92%. However, many casinos offer games with an RTP higher than 95%.
UKGC License (United Kingdom): The UKGC also sets strict standards for online casinos. While a specific minimum RTP isn't specified, casinos must provide fair and transparent games. Most casinos offer games with an RTP of around 95% or higher.
Curacao License: This license is known for its flexibility and low taxes. It is popular among new online casinos. However, this license is less stringent, and casinos under the Curacao license may offer games with varying RTP figures. Players should exercise caution when choosing such casinos since slots with reduced RTP down to 78% are not uncommon.
iGaming Ontario License: This license is one of the worst, restricting slot RTP to 80%, allegedly to combat gambling addiction. Winning in slots with such a license is nearly impossible.
For more in-depth information about licenses, you can refer to our guide dedicated to the topic:
➤ Guide – Licenses
Conclusion
In conclusion, RTP is a crucial indicator that every player should consider before beginning their online casino gaming. Don't be swayed by flashy banners, enormous bonuses, and casino promises, all while forgetting about everything else. This metric can make the difference between winning and losing, so it's always worth spending time verifying it to avoid depriving yourself of winning opportunities.
We also recommend that you familiarize yourself with why it's essential to choose reliable online casinos:
➤ Why It's Important to Choose Reliable Online Casinos