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Online slots are one of the most accessible casino games to play. They do not require skill, and thanks to the new technological advancements such as megaways and progressive jackpots, they can provide great gameplay and potentially incredible rewards.
However, though they are games of chance, they are not all created equal. Different slots can have different payout rates and behaviours. Therefore, many players wish to know how to choose the right slot for them, and one of the biggest factors may be the Return to Player (RTP) rate.
So, in this post, we will explain what an RTP rate is, how to find it in online slots and everything else in between.
What Is RTP In Online Slots?
RTP is short for the Return to Player rate. It is a percentage casinos use to determine how much money a slot machine is expected to give back to players. Please note that this rate is all theoretical. It does not guarantee that you will win a certain amount of money every time you play a particular slot. It is calculated over time over millions and millions of spins.
For example, if you play an online slot with an RTP rate of 96%, theoretically, for every £100 the slot takes in, it pays £96 back out to players. However, as we mentioned, this is not a guarantee; it is all theoretical and what it balances out as in the long run.
Keep in mind that online slots are games of chance. They use a Random Number Generator (RNG) to ensure that all the results are random. As a result, regardless of how high the RTP rate is, there is a chance you may not win anything. You also have to consider other factors, such as the number of paylines you are playing on and the game's volatility.
How To Find RTP On Online Slots
Finding the RTP rate of online slots is as easy as rolling a dice because everything is packaged together within the game. More often than not, the game provider or the software provider will specify the RTP of the game through the information button of said game.
Below are some of the ways you can find RTP on online slots:
- Checking the information page of the slot game - Online slot games come with an information button that details everything you need to know about the game. That includes the RTP rate, the bet sizes, the volatility of the game, and bonus features. You can view all of this information before committing to the game.
- Provider's Website - If you prefer, you can also view the RTP rate directly from the provider's website. The website will give you a short description of the game as well as the RTP rate.
- Search Engine - Another one of the quickest and easiest ways of finding an RTP rate of an online slot is through search engines. So you would simply type in the name of the slot game RTP, for example, "Starburst RTP", and there will likely be many pages providing information on the slot.
More often than not, individual online slot games have the same RTP regardless of where you are playing the slot game. However, there are those slot games that have adjustable RTP rates. That means each casino's RTP of that particular slot may differ because each casino can choose from a range of RTP rates for that slot.
What Is A Good RTP For Slots?
The industry average for online slots is an RTP rate of 96%. So, anything above this would be considered a good RTP rate.
As a result, many players favour a higher RTP rate. However, this excludes slot games with jackpots, particularly progressive jackpots. Due to the nature of Progressive jackpots, these slots tend to have lower RTP rates. That is because in order to grow the jackpot pool, the slot game needs to retain a little more money than a regular slot would.
For example, the most popular jackpot game, Mega Moolah, has an RTP rate of 88.12%. But, it offers jackpot prizes that continue to grow until won and then return to a seed value.
But keep in mind that you could play an online slot game with a good RTP rate and still not win anything at all. Or, you can play an online slot game with a poor RTP rate and make some winnings because slot games are a game of chance. You never know what you may get.
Do Different Casinos Have Different Odds?
Well, the answer to that is both yes and no. A casino by itself does not have any odds.
However, some casino games may have different odds depending on the casino you are playing from. These would be table games such as roulette or blackjack.
That is because casinos may have different rules for playing these games, and the rules can slightly affect the odds of the games. But for slot games, the odds are typically the same regardless of where you are playing them because a slot game will generally have the same RTP and volatility irrespective of where you are playing it.
The RTP is set by the developer of the slot. They may provide a range of RTP values, which each casino may choose from, but the casino cannot implement its own RTP on slots.
Additionally, slot game results are determined by RNG, which makes the results completely random and unpredictable and balances the odds regardless of where you are playing.
Which Online Slot Has The Highest RTP?
Now that you have an idea of what an RTP rate is and why some players choose slot games with a high RTP rate, you may wonder which online slot has the highest RTP. Fortunately, Wizard Slots casino has a wide range of online casino games, including slot games with some of the highest RTP rates in the industry.
Below we have listed a few that you can try:
- Blood Suckers - 98%
- Zeus Lightning - 97.73%
- Golden Tour - 97.71%
- Halloween Fortune - 97.06%
- A Pirate's Quest -96.10%
- Steam Tower - 97%
- Rainbow Riches Pick N Mix - 98%
This list is by no means exhaustive. These are just a few out of over 1,000 games that Wizard Slots offers.
Furthermore, if you're new to Wizard Slots casino, you could claim our welcome offer. Through this offer, you can spin the Mega Reel for the chance to win up to 500 free spins on selected slot games or Amazon vouchers. You can claim this offer following your first deposit of at least £10 (Full T&Cs Apply).
So, register an account with us to access our incredible range of online casino games.
*All values (Bet Levels, Maximum Wins, etc.) mentioned in relation to this slot game are subject to change at any time.
*New players only, £10 min fund, max bonus conversion equal to lifetime deposits (up to £250) to real funds, 65x wagering requirements and (Full T&Cs Apply)