Is this RTP normal or Acceptable?

[Nate]

Hi All,

I always end up at the wrong end of the stick, specifically with accredited Casino's whom the trust is automatically instilled in...

With that being said, I played at a Casino (No Name for now) and played a video slot. I played close to 2000 spins with 33k (yes 33k) wagered and have a RTP of 31%...

Do you find this as a fair return or result given the amount of spins? Bear in mind that (i believe) 2000 spins takes quite some time and is a very reasonable amount of play in one session on ANY given Slot.

I then decide to give the slot another go feeling that i may have had a run of 'Bad Luck'... Next session - 238 spins (10 times smaller sample than the previous one) 4.7k wagered and a RTP of 48%...

Should i feel 'Cheated' or is this well within reasonable expectations?... Mathematicians, or ANY sane individual - Input would be appreciated...

Nate

 

[hitobito2005]

It does depend which slot you are playing, some are higher variance than others.

I'd consider those results unlucky on a high variance slot but not unusual.

2000 spins is a pretty small sample for a slot.

 

[X-Raided]

With that being said, I played at a Casino (No Name for now) and played a video slot.
I played close to 2000 spins with 33k (yes 33k) wagered and have a RTP of 31%...

Damn Nate... Forget high roller, your an Astro-Roller. 33K is huge numbers to play man.

But just to comment, I think that something isn't right here. I'm not saying
anything other than this here. Maybe if you were betting $1.00 - $2.00 a spin, your RTP would of
been way higher. No business likes huge losses.

 

[hitobito2005]

It does depend which slot you are playing, some are higher variance than others.

I'd consider those results unlucky on a high variance slot but not unusual.

2000 spins is a pretty small sample for a slot.

Just to add, I ran some a couple of simulations to see the likelyhood of this.

10k loss in 33k wagered, 16.5/spin

High variance slot: about 1 in 12 chance
Low variance slot: about 1 in 2000 chance

Ballpark figures of course as slot vary a lot!

 

[Tengil]

An RTP of 31% with 33k wagered is roughly a 22800 loss.

 

[De Beuker]

Hi All,

I always end up at the wrong end of the stick, specifically with accredited Casino's whom the trust is automatically instilled in...

With that being said, I played at a Casino (No Name for now) and played a video slot. I played close to 2000 spins with 33k (yes 33k) wagered and have a RTP of 31%...

Do you find this as a fair return or result given the amount of spins? Bear in mind that (i believe) 2000 spins takes quite some time and is a very reasonable amount of play in one session on ANY given Slot.

I then decide to give the slot another go feeling that i may have had a run of 'Bad Luck'... Next session - 238 spins (10 times smaller sample than the previous one) 4.7k wagered and a RTP of 48%...

Should i feel 'Cheated' or is this well within reasonable expectations?... Mathematicians, or ANY sane individual - Input would be appreciated...

Nate

As said, it depends on what game it was.
I think its possible if you were playing Scary Rich or Break Da Bank Again. Also CentreCourt can be VERY brutal.
Or Mystic Dragon.. Paydirt..
But I know I would feel cheated.
I would be furious, lol.
Would at least cost me a new keyboard..

Fact is, high variance or not, that session of yours was a nightmare, I've never heard of or experienced a session like that.

Have to say that if a slotgame gives me such an awful return over the first 50-100 spins (depending on the variance) I leave it alone.
Dry spells can be endless..

 

[hitobito2005]

An RTP of 31% with 33k wagered is roughly a 22800 loss.

Oops, must be tired - I read it as a HA of 31%.

Revised simulation:

Low variance: Pretty much impossible
High variance: Pretty much impossible (less than -7sd)

So either you were playing an immensley high variance slot, such as a couple of lines on Isis or something, or these results are a bit suspect.

 

[Nate]

Oops, must be tired - I read it as a HA of 31%.

Revised simulation:

Low variance: Pretty much impossible
High variance: Pretty much impossible (less than -7sd)

So either you were playing an immensley high variance slot, such as a couple of lines on Isis or something, or these results are a bit suspect.

Hi liquid,

Thanks for the post. How did you calculate this and how accurate is the SD? Where did u do the simulation?

Nate