Foreword｜Money88
Online casinos are not in the business of giving money to customers at any time. They are in a for-profit business. To ensure they remain profitable at all times, they rely heavily on creating “games of chance” that always skew the odds in favor of the house.
As a seasoned or casual gambler, you need to know that the odds are always in the house’s favor for every game. Otherwise, you could find yourself spending money on bonuses that may be difficult to earn. As dire as this reality may seem, there is a light at the end of the tunnel. The lights shine on very public information that makes it very clear to what extent the odds on a match are in the bookmaker’s favor.
Gambling odds associated with online casino slot machines｜Money88
It can be said that online video slot machines rule the world of online casino gambling. This argument is easily supported based on the fact that there are over 7,000 online video slot machines on the web. In fact, there are many online casino operators that offer their customers as many as 4,000 video slot machines. There is no doubt that online casino gamblers often prefer to play these fun and exciting games.
Unlike roulette and blackjack games, where odds can be calculated through simple math, video slot machines offer odds that are more random and difficult to measure. They are random and hard to measure, as spinning the reels can produce hundreds of thousands of different outcomes. Of course, the actual number of outcomes depends on the number of reels and rows the game offers.
By now, your curiosity should be ringing alarm bells. If you play online video slots a lot, you’re definitely wondering what the odds are facing you when you start playing a particular game. Did you know that by law, this information should be readily available? In fact, most online gambling regulators have regulations requiring online slot machine developers and casino operators to disclose the odds for each game. how did you do that?
How to Determine the Odds of Online Video Slots?｜Money88
In the online gambling community, there are auditing companies that audit online casino gambling platforms and games. This includes companies such as eCOGRA and TST. It is the responsibility of these review companies to review games using review software. The moderation software is designed to allow games to be played hundreds of thousands of times in a short period of time. The results of all possible outcomes are then accumulated and quantified.
When a review for a particular game is complete, the review company will be able to provide two ratings for that game. The first rating is called the “Return to Player” percentage, or RTP. The second rating is the volatility of the game, expressed on a scale from low to high.
The following information is intended to give you a better understanding of how these ratings can be used to determine your odds of winning at a particular online slot machine. This information applies to international and US online casinos.
What does the RTP percentage really mean?｜Money88
Return to Player or RTP percentage is defined as the percentage of every dollar wagered in a game that will be returned to the player as a total winnings over the lifetime of the game.
Example: If an online video slot machine has an RTP percentage of 96%, tell the gambler that they can expect to get back 96% of all their money wagered on the slot machine over an extended period of time. That’s not to say players don’t have a chance to win, they do in the short term. The RTP percentage should lower their chances of winning over time.
Note: The 4% difference between 100% and 96% is the advantage of the house. It’s also worth noting that the common average for online video slots is around 96%. Savvy video slots players would do well to focus on slots with a high RTP percentage. Finally, online casino operators in most jurisdictions are required to publicly publish the RTP of each game.
What Volatility Ratings Really Mean｜Money88
Volatility refers to a combination of two things. It refers to how often a slot machine pays out gross winnings and the size of those grosses. There are five (5) general volatility ratings and their definitions:
- Low volatility – frequent and low total payouts
- Moderately low volatility – somewhat frequent, payouts somewhat low
- Medium volatility – average frequency and average payout
- Moderately high volatility – less common, higher payouts
- High volatility – uncommon, higher payouts
You now have enough information to weigh the risks associated with playing a particular online video slot game. By now, you should know that the best options are usually slots with high RTP percentages and low volatility. If you choose not to, at least you’ll know your risks.
