Question Asking for my overall RTP

I think you are misunderstanding how slots and casinos work.
The way a game plays has NOTHING whatsoever to do with how many people are playing, or how many players or how much money the casino has.

Slots are basically glorified scratchcards - it doesn't matter if you buy them from a huge supermarket or a tiny corner shop, your winning chances are exactly the same.
The only slight variation from one casino to another, is if one casino is running a lower TRTP version of the games.

KK
Ok, Great KK.

Yeah, I honestly do not, but really appreciate your time to explain that to me. Thanks for that.

Yeah, My view has always being like playing at a land based casino. Or poker machines. Obviously when enough money has been put through them, they are going to pay out at some stage.

Like this place I used to work at installed a new pinball type gambling machine. And from the start it paid out, a good few times and with well over the TRTP and then i watched over the weeks and months, How it was just on the take with a few seldom wins here and there. But always working to be within the realm of that TRTP.

But thanks man,

I do appreciate your input there. :cheers:
 
The best rtp/stats setup I have ever seen in any casino is videoslots 'my RTP' page, which shows your lifetime overall RTP with detailed information and graphs on individual slots play over the last 6 months.

The stats provided by videoslots are okayish, as long as you keep the amount bet per spin in a pretty narrow range for each slot... What they call RTP% at videoslots is basically just your net-loss% / net-win% on a specific slot or during a specific timeframe because the formula they use is:

Total wins / total wager * 100 = RTP %

According to this formula 1000 dead spins each for 1€ and then 1 spin for 100€ paying 1100€ would equal 100% RTP (which obviously is nonsense for any non-compensated game).

The real RTP% in this example would be a shocking 1.099% ...... (1000 bets paying 0x + 1 bet paying 11x)

Of course this example is not realistic and quite exaggerated but here an example from my own gameplay on gemix:

rtp.JPG

If we ignore just that one big win betting way more than my average would change my LIFETIME-RTP% according to videoslots from 102.7% to 94.55%... Again, this way of calculating RTP% only makes (at least some) sense for compensated games / if every single spin IS NOT an independent event.

If we assume that every single spin is an independent event AND that betsize does not influence the outcome of a spin, we need to look at each spins result in terms of "x * bet amount".... (Sum of every spins results in "x*bet") / (total number of spins)= real RTP
 
The stats provided by videoslots are okayish, as long as you keep the amount bet per spin in a pretty narrow range for each slot... What they call RTP% at videoslots is basically just your net-loss% / net-win% on a specific slot or during a specific timeframe because the formula they use is:
How do you know they work it out like that? :confused:
I don't really understand "net-loss% / net-win%" anyway :eek2:

RTP % should be worked out like this: ((Total net loss (or win) + Total Wagers) / Total Wagers) x100
e.g.
You place £500 of bets and lose £100
-100 + 500 = 400
400/500 = 0.8
0.8 x 100 = 80%
or
You place £500 of bets and win £100
+100 + 500 = 600
600/500 = 1.2
1.2 x 120 = 120%

According to this formula 1000 dead spins each for 1€ and then 1 spin for 100€ paying 1100€ would equal 100% RTP (which obviously is nonsense for any non-compensated game).

The real RTP% in this example would be a shocking 1.099% ...... (1000 bets paying 0x + 1 bet paying 11x)
Sorry - but that's just not right.
I think you are confusing Actual RTP with Theoretical RTP.

In your example the actual RTP IS 100%.
Bet €1,100, Win €1,100 - it HAS to be 100%.
But if you stopped playing after the 1000 losing spins, your RTP would be 0%

KK
 
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The stats provided by videoslots are okayish, as long as you keep the amount bet per spin in a pretty narrow range for each slot... What they call RTP% at videoslots is basically just your net-loss% / net-win% on a specific slot or during a specific timeframe because the formula they use is:



According to this formula 1000 dead spins each for 1€ and then 1 spin for 100€ paying 1100€ would equal 100% RTP (which obviously is nonsense for any non-compensated game).

The real RTP% in this example would be a shocking 1.099% ...... (1000 bets paying 0x + 1 bet paying 11x)

Of course this example is not realistic and quite exaggerated but here an example from my own gameplay on gemix:

View attachment 147428

If we ignore just that one big win betting way more than my average would change my LIFETIME-RTP% according to videoslots from 102.7% to 94.55%... Again, this way of calculating RTP% only makes (at least some) sense for compensated games / if every single spin IS NOT an independent event.

If we assume that every single spin is an independent event AND that betsize does not influence the outcome of a spin, we need to look at each spins result in terms of "x * bet amount".... (Sum of every spins results in "x*bet") / (total number of spins)= real RTP

Yes it can be skewed by stakes changing but I only tend to play 10p games anyway so its not a problem for me, the detailed stats can be checked on a session by session basis and also filtered by date but the detailed stats are only kept for the last 6 months.

But at the end of the day total out divided by total in is the RTP whatever stakes you used.

when my RTP was new my own RTP on reactoonz was showing 107% over 200,000 spins but that was skewed by getting lucky on 40p spins but most play being 20p spins.
 
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You place £500 of bets and lose £100
-100 + 500 = 400
400/500 = 0.8
0.8 x 100 = 80%
or
You place £500 of bets and win £100
+100 + 500 = 600
600/500 = 1.2
1.2 x 120 = 120%
I would call that number something along the lines of "total return on investment"... But then i could also just look at my total amount deposited / withdrawn.

Sorry - but that's just not right.
I think you are confusing Actual RTP with Theoretical RTP.

In your example the actual RTP IS 100%.
Bet €1,100, Win €1,100 - it HAS to be 100%.
But if you stopped playing after the 1000 losing spins, your RTP would be 0%
Seems my definition of RTP and what that number should tell me is just different (or more likely i am using the wrong term).

To me my RTP should tell me how close / far away my results on a specific game are from the Theoretical RTP of that game (which i am pretty sure is calculated or tested using a fixed betsize).

And i think to get this information we have to eliminate betsize as a deciding factor -> look at the return% of every single spin...


Disclaimer: I am not a native speaker and to quote my math-teacher back in the days "mathematically challenged"... Combine these two things and it gets kinda difficult to express myself on this kind of topic :D
 
I always assumed rtp was just money in vs money out.
So bet €100, win €100, = 100% rtp.
Does not matter if you changed betsize during the time you were betting that €100, its still 100% return to player as long as the slot spits €100 back out, right?
Correct! :thumbsup:
Go to the top of the class :cool:

Happy Christmas!
 

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