RTP Explained: What Return-to-Player Actually Means (And Why Most Players Get It Wrong)

The statistical reality behind "hot" and "cold" slots

Guru Gwen
11 Jan 2022
18 min read

Walk into any casino—online or land-based—and you'll hear players talk about slots being "hot" or "cold," "due for a payout," or "tight after a big win."

None of that is real.

Slots don't have memory. They don't get hot or cold. They don't know you just lost 20 spins in a row, and they don't care. Every spin is statistically independent, governed by a Random Number Generator (RNG) programmed to return a specific percentage to players over millions of spins.

That percentage? It's called RTP (Return to Player), and it's the single most important number you need to understand if you gamble on slots.

This guide explains what RTP actually means, why short-term results feel nothing like the published percentage, and how to use RTP data to choose games that give you the best chance—or at least, lose slower.

The bottom line: RTP is real. Your "system" for beating slots isn't.

What Is RTP?

Return to Player: The House Edge in Reverse

RTP (Return to Player) is the percentage of all wagered money that a slot machine is programmed to pay back to players over its lifetime.

Example:

A slot with 96% RTP means that for every $/€100 wagered across all players over millions of spins, the slot will return $/€96 to players and keep $/€4 for the casino.

Key Points:
  • RTP is calculated over millions of spins, not dozens
  • It applies to all players combined, not individuals
  • It's theoretical—a long-term statistical average, not a guarantee
  • The remaining percentage (100% - RTP) is the house edge
Translation: A 96% RTP slot has a 4% house edge. Over time, you're expected to lose 4% of every bet you make.

RTP Is Not a Guarantee—It's a Statistical Average

Why You Can Lose 50 Spins in a Row on a 96% RTP Slot

Here's where players get confused: RTP applies over millions of spins, not your session.

The Reality of Short-Term Play:

You sit down with $/€100 at a 96% RTP slot. You might:

  • Win $/€200 in 20 spins (short-term luck)
  • Lose $/€100 in 50 spins (short-term variance)
  • Break even over 100 spins (statistically unlikely but possible)

None of these outcomes contradict the 96% RTP. They're all within normal variance.

Here's Why:

RTP is like flipping a coin. Over 1,000,000 flips, you'll get close to 50% heads and 50% tails. But in your first 10 flips? You might get 7 heads and 3 tails. That doesn't mean the coin is rigged—it means small sample sizes are volatile.

Slots work the same way. The 96% RTP will happen—but only after millions of spins across thousands of players. Your 200-spin session? That's noise.

How RTP Is Calculated and Verified

Who Sets RTP (And Can Casinos Cheat)?

Game developers (NetEnt, Pragmatic Play, Microgaming, etc.) program the RTP into the slot before it's released. The casino does not control the RTP of individual games.

How It's Verified:

Reputable slots are audited by third-party testing labs before they're licensed for real-money play:

  • eCOGRA (eCommerce Online Gaming Regulation and Assurance)
  • iTech Labs
  • GLI (Gaming Laboratories International)
  • BMM Testlabs

These labs run millions of simulated spins to verify that the slot's actual RTP matches the developer's claim.

Can Casinos Rig RTP?

Not if they're licensed properly.
  • MGA, UKGC, and other top-tier regulators require casinos to use certified games with verified RTPs
  • Curaçao and weaker jurisdictions have looser oversight, but reputable operators still use audited games
Where the risk exists:

Unlicensed casinos or sketchy operators using pirated/"fake" versions of games. These can have RTP tampered with.

How to protect yourself: Only play at licensed casinos that display audit certifications and publish RTP data.

RTP vs. House Edge: Two Sides of the Same Coin

Understanding the Math That Guarantees You Lose

RTP and house edge are inversely related:

House Edge = 100% - RTP

Examples:

Slot A
  • RTP 98%
  • House edge 2%
  • What It Means: You lose $/€2 per $/€100 wagered (over time)
Slot B
  • RTP 96%
  • House edge 4%
  • What It Means: You lose $/€4 per $/€100 wagered (over time)
Slot C
  • RTP 88%
  • House edge 12%
  • What It Means: You lose $/€12 per $/€100 wagered (over time)
Translation:

The higher the RTP, the slower you lose. That's it. You're still losing—just at different rates.

Why This Matters:

If you're going to play slots, always choose the highest RTP available. The difference between 96% RTP and 88% RTP is massive over time.

Example:

You play 1,000 spins at $/€1 per spin ($/€1,000 wagered).

  • 96% RTP slot: Expected loss = $/€40
  • 88% RTP slot: Expected loss = $/€120

You'd lose 3x more on the low-RTP slot. Same playtime, same bet size, vastly different outcome.

Variance (Volatility): The Other Half of the Equation

Why RTP Doesn't Tell the Whole Story

Two slots can have the same RTP but feel completely different to play. That's because of variance (also called volatility).

What Is Variance?

Variance describes how wins are distributed:

  • Low Variance: Frequent small wins, steadier bankroll
  • Medium Variance: Balanced mix of small and medium wins
  • High Variance: Rare big wins, long losing streaks

Example:

Slot A: 96% RTP, Low Variance You win $/€5-$/€10 every few spins. Your bankroll decreases slowly but steadily.

Slot B: 96% RTP, High Variance You lose 50 spins in a row, then hit a $/€500 win. Overall RTP is the same, but the experience is wildly different.

Which Is Better?

It depends on your bankroll and goals:
Small bankroll, want playtime
  • Low variance (frequent small wins extend sessions)
Chasing jackpots
  • High variance (rare but massive
Balanced player
  • payout s)Medium variance (best of both)
The Trap: High-variance slots feel rigged because you can lose for long stretches. But statistically, the RTP is still accurate over millions of spins. You're just experiencing the volatility that's built into the math.

RTP Across Game Types

Where Your Money Lasts Longest

RTP varies significantly across game types. Here's the breakdown:

Slots: 88-98% RTP

  • High RTP Slots (96-98%): Blood Suckers (98%), Mega Joker (99%)
  • Average RTP Slots (94-96%): Most NetEnt, Pragmatic Play games
  • Low RTP Slots (88-92%): Often found in land-based casinos, older games

Variance: High variance in many modern slots

Blackjack: 99.5% RTP (with basic strategy)

  • Why it's high: Player decisions affect outcomes
  • Catch: You need to play perfect basic strategy to achieve this RTP
  • House edge: As low as 0.5% with optimal play

Variance: Low to medium

Roulette: 97.3% (European) / 94.74% (American)

  • European Roulette (single zero): 2.7% house edge
  • American Roulette (double zero): 5.26% house edge
  • Why it matters: American roulette has twice the house edge

Variance: Medium

Video Poker: 99.5-99.9% RTP (with perfect strategy)

  • Why it's high: Skill-based, optimal play reduces house edge
  • Catch: Requires memorizing strategy charts
  • House edge: As low as 0.1% on certain Jacks or Better variants

Variance: Medium to high

Live Dealer Games: Same as table game RTPs

  • Blackjack: ~99.5% with strategy
  • Roulette: 97.3% (European) / 94.74% (American)
  • Baccarat: 98.94% (Banker), 98.76% (Player)

Variance: Medium

Progressive Jackpot Slots: 88-94% RTP

  • Why it's lower: A portion of every bet funds the jackpot
  • Trade-off: Lower RTP for a chance at life-changing money
  • Reality: You're paying for the jackpot dream

Variance: Extremely high

How to Find RTP Information

Where Casinos Hide (or Display) RTP Data

Good casinos display RTP openly. Bad casinos bury it.

Where to Find RTP:

  1. In-game info screen – Most slots have a "?" or "i" button showing RTP
  2. Casino game library – Some casinos display RTP next to game titles
  3. Game developer's website – NetEnt, Pragmatic Play, etc. publish RTP for all games
  4. BetEdge RTP Database – We track RTP for thousands of games
Red Flag: If a casino doesn't publish RTP or makes it hard to find, that's a warning sign. Transparency = trust.

Common RTP Myths (And Why They're Wrong)

What Players Believe vs. What's Actually True

  • Myth 1: "This slot is due for a payout—it hasn't hit in 100 spins." Reality: Every spin is independent. The slot doesn't "owe" you anything. The RNG doesn't track your session.
  • Myth 2: "The casino can lower RTP remotely when I'm winning." Reality: Licensed casinos use certified games. The RTP is locked by the developer, not controlled by the casino.
  • Myth 3: "If I play at night, the RTP is higher because fewer people are online." Reality: RTP is a mathematical constant programmed into the game. Time of day doesn't change it.
  • Myth 4: "High RTP slots pay out more frequently."
Reality: High RTP means you lose slower, not that you win more often. Variance determines frequency, not RTP.
  • Myth 5: "I can beat slots with a betting system."
Reality: No betting system overcomes house edge. RTP is applied to every bet, regardless of bet size or pattern.

How to Use RTP to Play Smarter

The BetEdge Strategy: Maximize Entertainment, Minimize Loss

You can't beat RTP. But you can use it strategically:

1. Always Play High RTP Games

If you're playing slots, choose games with 96%+ RTP. The difference compounds over time.

BetEdge RTP Database: [Search High RTP Slots →]

2. Match Variance to Your Bankroll

  • Small bankroll: Play low-variance slots (frequent small wins)
  • Large bankroll: Play high-variance slots (chase big hits)
  • Unsure: Stick to medium variance

3. Avoid Progressive Jackpots If You're Bankroll-Conscious

Progressives have lower RTPs (88-94%) because they fund the jackpot pool. If you're playing for entertainment and want your money to last, skip them.

4. Play Table Games for Better Odds

If RTP matters to you, blackjack and video poker have the best player odds (99%+ with strategy). Slots are entertainment, not optimal RTP.

5. Never Chase Losses

RTP guarantees the house wins long-term. Accept that slots are entertainment spending, not investment opportunities.

Final Word: RTP Is Real. Your "System" Isn't.

The Edge Is Knowing the Math

RTP is the most transparent, honest metric casinos provide. It tells you exactly how much you're expected to lose over time.

The problem: Most players don't understand it, so they invent superstitions to cope with variance —"hot" machines, "cold" streaks, "due" payouts. None of it's real.

The BetEdge approach:

  • Understand RTP is a long-term statistical average
  • Accept short-term variance as part of the game
  • Choose high RTP games to lose slower
  • Match volatility to your bankroll and goals
  • Never believe you can "beat" RTP with a system
Do this, and you'll gamble with eyes open—not chasing myths.

[Search BetEdge RTP Database →]

[Read Next: Understanding Variance & Volatility →]

[Calculate Bonus Value →]

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Guru Gwen
11 Jan 2022
5 min read

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