Simple explanation video on RTP

[deepsky2]

For new slot players and anyone looking for a simple explanation on RTP I think this video will be a great help.
Think this should be posted on all forums discussing RTP.
I found 11 min 45 seconds into video till the end very informative.

 

[bamberfishcake]

Excellent video.

Anybody new to slots should watch something like this.

 

[Slottery]

Anyone playing videopoker, have they different pay tables for same games available (have to say, don't even know who providers have them)?

 

[dunover]

The caption 'finding loose slots' says enough for me not to watch it.

 

[ChopleyIOM]

It's a pretty decent video in fairness, doesn't tell me anything I didn't already know but definitely one to share with other people who aren't as clued up.

 

[bamberfishcake]

Very simple explanation and puts into easy terms how small percentage changes affect all involved - casino and player.

As the OP mentions, about 11 mins onwards is decent.

 

[Slottery]

Was missing rigged part and some insight how to get advantage about them

Dr's examples were made bit too simplified maths but judging by the character in video, it's targeted to kids and understandable it can't be too complicated.

edit: Dunno when this is made, but guess term "medium volatility" have changed a bit, don't think you make average 5.5h sessions with your 200*spin deposit.

 

[bamberfishcake]

Professor Pseudorandom is the grown up version

 

[Slottery]

Just sounded and looked pretty similar what were watching from different topics as kid quite long ago At least in UK probably shouldn't be shown in any gambling sites without age verification

 

[deepsky2]

I know some don't seem to understand or care about RTP but this shows you how even 1 or 2 % in reduction can change your play and burn a hole in your wallet yet alone poor playtime. This has been very noticeable for me on Videoslots
Also, I have friends that love to play licenced games in land-based casinos and I have told them to stay away from them but they never listened, now that I shared this video with them it has convinced them that after the casinos reopen they will stay clear away.

 

[ChopleyIOM]

I know some don't seem to understand or care about RTP but this shows you how even 1 or 2 % in reduction can change your play and burn a hole in your wallet yet alone poor playtime. This has been very noticeable for me on Videoslots
Also, I have friends that love to play licenced games in land-based casinos and I have told them to stay away from them but they never listened, now that I shared this video with them it has convinced them to stay clear away from them.

Yes I made this point in (several!) videos on my channel when VS started dropping to ~94% payouts across the board from ~96%.

Even here on CM quite a few folks were saying 'oh it's only 2% I'll never notice that', and myself and a few others really tried to hammer home the point that the change represents a 50% increase in the house edge (from 4% to 6%) and that is something that absolutely will make itself felt as the play sessions and the number of spins played start to stack up.

 

[deepsky2]

Yes I made this point in (several!) videos on my channel when VS started dropping to ~94% payouts across the board from ~96%.

Even here on CM quite a few folks were saying 'oh it's only 2% I'll never notice that', and myself and a few others really tried to hammer home the point that the change represents a 50% increase in the house edge (from 4% to 6%) and that is something that absolutely will make itself felt as the play sessions and the number of spins played start to stack up.

Love your Videos always look forward to them.

What worries me if all casinos start to reduce RTP and it becomes the norm then what will stop then to reduce furthermore. This to me is a poor excuse for casinos to do to cover overhead costs. Its greed simple and casinos that using the lower RTP models are robbing their players.

 

[Slottery]

At the moment regulations at least, MGA don't allow under 92%, UKGC do just these 91% versions available. There's also limit what lower RTP don't make more money as people stop playing, everything over 90% is still quite high and people do play when you can win sometimes but making it 60% would make many to stop playing.

2% difference with these volatilities in current slots is quite hard to spot in gameplay (can still make 1000€/£ bet with anyone to spot in blind test one from five slots which is set 94% instead of 96% twice, as one you have 5/1 chance with only luck, when all can be played as many hours willing to do in day) of session or day, but for much longer period of course.

These spin amounts in this video don't really go right with current slots (no idea how old it is but math is bit too simple, could have done better simulated), you can find these different versions and try with playmoney, with these volatilities you don't play average 5.5 hours with a deposit worth of 200 spins (even with 3 sec spins )

 

[Copperzzz]

Was missing rigged part and some insight how to get advantage about them

Dr's examples were made bit too simplified maths but judging by the character in video, it's targeted to kids and understandable it can't be too complicated.

edit: Dunno when this is made, but guess term "medium volatility" have changed a bit, don't think you make average 5.5h sessions with your 200*spin deposit.

Lol indeed, last session took me about 45min. to burn through a 300*spin deposit and it felt like standard procedure

 

[PokCas]

Very informative! Subsribed.

 

[Balthazar]

Love your Videos always look forward to them.

What worries me if all casinos start to reduce RTP and it becomes the norm then what will stop then to reduce furthermore. This to me is a poor excuse for casinos to do to cover overhead costs. Its greed simple and casinos that using the lower RTP models are robbing their players.

Slot providers share the blame for this. They don't have to offer low paying versions of their slots. BTG for example doesn't do it.

 

[bamberfishcake]

Slot providers share the blame for this. They don't have to offer low paying versions of their slots. BTG for example doesn't do it.

I agree and also us as players can spend with the ones that don't currently have different versions.

They need the support of the player who ultimately influences the market.

BTG, Microgaming, Edict, Relax are bringing out a 98% one - I hope they've done a good job. What about Push? Some big hitting games in those portfolios and a lot of fun I've had on all.

I don't miss PlaynGo or Red Tiger that much and if I do I go where it's max.

 

[Balthazar]

I agree and also us as players can spend with the ones that don't currently have different versions.

They need the support of the player who ultimately influences the market.

BTG, Microgaming, Edict, Relax are bringing out a 98% one - I hope they've done a good job. What about Push? Some big hitting games in those portfolios and a lot of fun I've had on all.

I don't miss PlaynGo or Red Tiger that much and if I do I go where it's max.

If you offer a low RTP version of your slot that looks the same as the original higher paying one that players are used to play that's deception in my book. Sure it's written in the help file but everyone knows that 99%+ of slot players won't read it.

What makes it even more evil is casinos were allowed to switch from one high paying version to a lower one that looks exactly the same with the complicity of slot providers.

That's no different than some crook company hiding something really bad in an "updated" 12-page-long privacy policy that no one will ever read. This kind of trickery doesn't hold any weight in a court of law BTW...just throwing that out there.

 

[geordiecolin]

No wonder they rioted so much in Navada recently with an allowed 75% rtp in their area!

 

[Slottery]

I agree and also us as players can spend with the ones that don't currently have different versions.

They need the support of the player who ultimately influences the market.

BTG, Microgaming, Edict, Relax are bringing out a 98% one - I hope they've done a good job. What about Push? Some big hitting games in those portfolios and a lot of fun I've had on all.

I don't miss PlaynGo or Red Tiger that much and if I do I go where it's max.

So many casinos there and many changing or been changing recently that many player do it almost accidentally, not many can say that never play in these places, but people start to remember these more and more when certain group have same everywhere without needing to check T&C:s all the time.

 

[KasinoKing]

I haven't watched the video yet - and not sure that I will to be honest.

First I can't believe it can take anyone EIGHTEEEN minutes to explain RTP
And second, gamblers are impatient by nature - so I doubt very many others would spend 18 minutes watching it either!

KK

 

[dunover]

Slot providers share the blame for this. They don't have to offer low paying versions of their slots. BTG for example doesn't do it.

Yet.

 

[dunover]

I haven't watched the video yet - and not sure that I will to be honest.

First I can't believe it can take anyone EIGHTEEEN minutes to explain RTP
And second, gamblers are impatient by nature - so I doubt very many others would spend 18 minutes watching it either!

KK

The video splash screen/still looks like a design for a new Netent slot.

'Professor Random's Cluster Pays'?

Please, can someone tell me to save me enduring the blimmin' video, does 'Professor Big Plums' or whoever actually spend any time on slot volatility? Because if he doesn't, then the whole thing is pointless. Variance plays a HUGE part in player perception of slot pay-outs. In a few thousands spins on say Dead or Alive 2 you wouldn't notice a slightly reduced RTP. If you played them on a repetitive low-variance shitter like St*rb*rst, it would be obvious quite soon you were giving the house more.

As I said earlier, 'finding looser slots' seems to be the USA myth (or fact?) that lower-house edge ones are put near the doors in casinos. I take it by the technical term 'loose' he means slots that offer the player a higher RTP than others?

 

[Mr_Slot5]

The video splash screen/still looks like a design for a new Netent slot.

'Professor Random's Cluster Pays'?

Please, can someone tell me to save me enduring the blimmin' video, does 'Professor Big Plums' or whoever actually spend any time on slot volatility? Because if he doesn't, then the whole thing is pointless. Variance plays a HUGE part in player perception of slot pay-outs. In a few thousands spins on say Dead or Alive 2 you wouldn't notice a slightly reduced RTP. If you played them on a repetitive low-variance shitter like St*rb*rst, it would be obvious quite soon you were giving the house more.

As I said earlier, 'finding looser slots' seems to be the USA myth (or fact?) that lower-house edge ones are put near the doors in casinos. I take it by the technical term 'loose' he means slots that offer the player a higher RTP than others?

I watched some of it and volatility was mentioned. Paraphrasing somewhat, he said that if you had 95 cent paid back for every 1 dollar spin you'd end up with the most boring game ever.

 

[Playford7]

I watched some of it and volatility was mentioned. Paraphrasing somewhat, he said that if you had 95 cent paid back for every 1 dollar spin you'd end up with the most boring game ever.

Yet.

Just curious, not flaming or mentioning fried potatoes cut into certain shapes...
But are you no longer promoting BTG?..
has the mantle been passed to (I’m dying to be honest here but i won’t)
Another person whom is a man whom likes to stream slots.. albeit aweful to look at, cringey and as rogue as a dozen Nigerian emails offering me millions.

 

[deepsky2]

Video does touch on Volatility but there's a video of its own in more depth and here it is.

Ok, these videos may not be for everyone but it's a great introduction for beginners. When I first started to play years ago I found it hard to understand and a bit overwhelming trying to understand randomness, Volatility etc I think these videos do a great job in making it more simple to understand or at least it gives you a basic idea how things work.

 

[johnnybagel]

I skipped the 11:45 like you mentioned but i found out some stuff that I didn;t know.

Thanks for posting!

 

[trancemonkey]

If you offer a low RTP version of your slot that looks the same as the original higher paying one that players are used to play that's deception in my book. Sure it's written in the help file but everyone knows that 99%+ of slot players won't read it.

What makes it even more evil is casinos were allowed to switch from one high paying version to a lower one that looks exactly the same with the complicity of slot providers.

That's no different than some crook company hiding something really bad in an "updated" 12-page-long privacy policy that no one will ever read. This kind of trickery doesn't hold any weight in a court of law BTW...just throwing that out there.

Actually, it does - ignorance is not a form of defence. Feel free to disagree, but in a case of (Rennison vs Knowler [1947] 1 A11 E.R. 302) an honest but groundless belief is not a form of defence. In other words, it is entirely upon you to check information if that information is freely available. This was also backed up in another case in 2009 by the Divisional Court.

You can't hide things in the terms and conditions if those things are illegal or misleading anyway, but if clauses are all legal and above board, then the argument of "people don't read it" doesn't hold any water.

That said, i think RTP should be displayed on the loading screen of every game in a reasonably large font.

 

[bamberfishcake]

Actually, it does - ignorance is not a form of defence. Feel free to disagree, but in a case of (Rennison vs Knowler [1947] 1 A11 E.R. 302) an honest but groundless belief is not a form of defence. In other words, it is entirely upon you to check information if that information is freely available. This was also backed up in another case in 2009 by the Divisional Court.

You can't hide things in the terms and conditions if those things are illegal or misleading anyway, but if clauses are all legal and above board, then the argument of "people don't read it" doesn't hold any water.

That said, i think RTP should be displayed on the loading screen of every game in a reasonably large font.

Yes nothing illegal being done though the morality i agree with.

Struggling to think of any other product in the world where two different products, seemingly identical, are sold for the same price and look exactly the same.

I totally get the point being made that it 'seems' a bit fraudulent or maybe at best, a bit of a con or pulling the wool over peoples eyes, whatever way you want to describe it, regardless of where the law sits.

 

[trancemonkey]

Yes nothing illegal being done though the morality i agree with.

Struggling to think of any other product in the world where two different products, seemingly identical, are sold for the same price and look exactly the same.

I totally get the point being made that it 'seems' a bit fraudulent or maybe at best, a bit of a con or pulling the wool over peoples eyes, whatever way you want to describe it, regardless of where the law sits.

You struggle? Shrinkflation has been happening to most food and retail products for years. They dont say "hey, here us a new smaller Mars bar" do they. And yes, some products are different sizes, ingredients, etc in different countries. When I used to smoke, Marlboro Gold in the UK were completely different to say Marlboro Gold in Mexico.

I think you have a very narrow view of the world if you honestly think no other product does anything similar.

 

[bamberfishcake]

You struggle? Shrinkflation has been happening to most food and retail products for years. They dont say "hey, here us a new smaller Mars bar" do they. And yes, some products are different sizes, ingredients, etc in different countries. When I used to smoke, Marlboro Gold in the UK were completely different to say Marlboro Gold in Mexico.

I think you have a very narrow view of the world if you honestly think no other product does anything similar.

Yes but this is is different.

Nowhere in the UK or any other country can you buy two different types of Mars Bar for the same price as far as i know. Yes products vary in different countries but the manufacturers do their best to avoid crossover or conflict of interest.

Mars Bars are the same in each country or jurisdiction they are sold in. The manufacturers make sure of this. Tobacco is the same in each country you buy in.

When the package size or amount is reduced that is clear. This is like buying two Mars Bars but one doesnt have caramel in. There is no way of telling unless you read the ingredients as the packaging is the same. The price is the same. You would think all Mars Bars are the same but one is a cheaper product and the only way to tell is to read the ingredients.

Nothing like shrinkflation.

 

[dunover]

12 Jaffa cakes in a roll, now as low as 9. My orange to palate has shrunk by 25%.

 

[trancemonkey]

Yes but this is is different.

Nowhere in the UK or any other country can you buy two different types of Mars Bar for the same price as far as i know. Yes products vary in different countries but the manufacturers do their best to avoid crossover or conflict of interest.

Mars Bars are the same in each country or jurisdiction they are sold in. The manufacturers make sure of this. Tobacco is the same in each country you buy in.

When the package size or amount is reduced that is clear. This is like buying two Mars Bars but one doesnt have caramel in. There is no way of telling unless you read the ingredients as the packaging is the same. The price is the same. You would think all Mars Bars are the same but one is a cheaper product and the only way to tell is to read the ingredients.

Nothing like shrinkflation.

I very much doubt this is 100% accurate, but i think we both agree that the RTP should clearly be displayed in a prominent position on the loading screen so players can see when it changes

 

[bamberfishcake]

I very much doubt this is 100% accurate, but i think we both agree that the RTP should clearly be displayed in a prominent position on the loading screen so players can see when it changes

Your right, its not 100% accurate because wholesalers still buy from outside jurisdictions and sell into the main channels. I know as i used to work for one and buy anything from Chupa Chups in Brazil to Lindt from Switzerland and sell into stores in the UK.

But, if the company gets caught you will be blacklisted from buying through those channels and it is not the way Nestle, GSK etc work or want their products to be sold. Neither is it the way the industry is geared to work.

They simply do not sell two different products in the same packaging for the same price. It goes against trading standards and is not a way they want to be portrayed.

Differing RTP's for the same product is allowed. Same packaging, different product.

When i started gambling i didnt have a clue about RTP and thousands of sign ups each day dont know that they Book Of Dead is different on different sites. They see Book of Dead and quite rightfully assume its the same Book Of Dead as the last one.

Why i said, at best, its pulling the wool over peoples eyes.

Sorry of that offends anyone. Im not saying its any individuals fault. We all work withing the parameters the industry sets. Its the industry set up that allows this to happen.

 

[johnnybagel]

I just read the rest of this thread and then went and bought a 5 pack of mars bars. thanks a lot guys, just what my waistline needed!