What is Return to Player (RTP) Hit Frequency, Return to Player (RTP) as well as Return to Player (RTP) Do they mean?
Return to Player (RTP) and Hit Frequency: What Do These Define?
RETURN to the player
Return to Player (RTP) is the term casinos use to describe the percentage of all the bets a VLT slot machine pays back to players over the course of. It is possible to earn around $90 when you place 100 $1 wagers on a machine that has a RTP of 90 percent. Both RTP as well as house edge are usually determined over the long-term. The odds are pretty much anything can occur in the short-term (see the section on Short-Term Volatility versus Long Predictability) Therefore, you should only ever bet with the money that you're willing to lose.
RTP is in fact the reverse of the house advantage. If an machine has a percentage advantage in house value, the average RTP will be around 80 percent, which means that over time , the machine will hold around 20% of the money bet and pay the remainder to players in wins.
Hit Frequency
Hit frequency is the name used by casinos to explain the frequency that machines stop when it has an winning combination. If RTP % is 8.8 It means that the machine will stop when it is hit by the winning combination approximately 88% of the time. It's important to remember that most slots as well as VLTs allow players to bet on multiple lines on each spin. This means that a player is able to win one or two winning combinations, as well as many losing combinations within the course of a single spin. Although it could appear as if the player is winning more often than usual however, the amount of losing combinations over time is far greater.
There is a broad variation in hit frequencies between VLTs and slots. Some slots have a frequency of in the range of 3% however other games, like video poker with a hit frequency at around 45 percent. The video poker hit frequency might sound very appealing but keep in mind that in about half of those "hits," the player only wins back his initial bet. Even though a machine with 3 percent of a hit rate may not sound appealing, it's most likely to give players an opportunity to win a large jackpot. Large progressive jackpot machines are less likely to hit and larger jackpots.
Games that have low hit frequencies are often perceived by players as "tight" because the winners can be so far apart, while games with frequent hits are often perceived to be "loose" because they have lots of tiny wins.
Keep in mind that "hit frequency" refers to the frequency with which an winning combination appears in the an average. "Return-to-player" is the percentage of money that a machine earns over time.