All NJ online casino slots have a built-in house edge, and the RTP is the flip side of that.
Put simply, the RTP on a slot is the percentage of money wagered that will be paid back to players over time. Whatever’s leftover is the house edge the online casino enjoys on that slot.
RTP rates are calculated as an average of at least 1,000 plays. It is important to remember these rates tell you the long-term performance you can expect from a slot, not what each bet will pay.
What these rates don’t tell you is that you can get lucky, defy a slot’s RTP rate, and win big in the short term. Nor do they tell you that nothing is guaranteed when you’re gambling, and you may never see a slot’s RTP realized before you run out of cash betting on it.
What does RTP really mean?
Let’s say game your favorite NJ online casino slot is the Fairytale Legends: Red Riding Hood slot on Golden Nugget. It has an RTP of 96.33%. That would mean for every $100 played in $1 bets, and you should expect to win back $96.33.
But remember, RTP is all about a slot’s long-term performance, so it may take more than $100 in $1 bets for that $96.33 to end up back in your pocket.
You can also use RTP as a good indicator of when you should quit playing and lock up your winnings. Being aware of a game’s RTP gives you the chance to realize you are ahead of it at any given time and bank those winnings. You can get out ahead before the slot’s long-term RTP is realized.
Using the example from above, the house edge on this slot would be 5%. That’s how much the online casino expects to profit from play on this slot over the long haul. And the online casinos are most certainly in it for the long haul.
You might run out of money chasing a slot’s expected RTP, or get ahead of the RTP and pull your money out. But the online casinos are going nowhere and planning to realize the house edge they enjoy on that slot over time.
Do your homework
It’s always a good idea to look up a slot’s RTP before you start pumping money into it.
You may even want to limit your play to slots with higher RTPs. After all, slots with the best return to player rates will help you enjoy a lower-variance casino experience. Plus, a slot’s RTP can conceivably keep you playing long enough to get lucky and hit a big jackpot.
Understanding the RTP on each slot can make all the difference between winning consistently and losing regularly. You can’t get lucky unless you give yourself the opportunity to do so. Selecting slots with high RTPs can offer you more opportunities to win.
Progressive jackpots and RTP
But if you’re really chasing life-changing money, a slot’s RTP may not mean that much to you.
Most progressive jackpot slots have RTPs on the low end of the spectrum. But the RTP can’t tell you how likely you are to win a big jackpot.
They’re not about chasing long-term RTP or trying to get ahead in the short term. So, there’s no need to pay attention to the game’s 96.6% RTP, even though it’s a good one.
If you’re after a big win, throw caution to the wind, and RTP with it, by playing a progressive jackpot slot regardless of the rate.