Can Online Casinos Adjust RTP? Exploring the Control Online Casinos Have Over Slot Game RTP
RTP rates for casino games have traditionally been determined by the game studios rather than the casinos themselves. However, the introduction of RTP ranges has brought about a shift in how RTP is set. Nowadays, casinos have the ability to adjust the RTP of specific games within the range established by the game developers.
Understanding Online Casino Game RTP:
Return-to-Player (RTP) rates represent the statistical prediction of the amount of money players can expect to win back after multiple spins on the reels. For example, if a slot game has a 97% RTP and a player wagers $100, they can statistically expect to receive $97 back over several spins.
The Rise of RTP Ranges:
While new or casual players may primarily focus on jackpot prizes or high payouts, regular players are more interested in a slot game's RTP. High-rollers and experienced players seek long-term payouts, which involve steadily growing their bankroll through thousands of spins.
Information such as RTP, variance, and hit frequency plays a crucial role for players seeking long-term payouts. This information is typically displayed on the machine or within the game itself. Variance indicates the risk versus reward ratio of a game, while hit frequency represents the percentage of wins players can expect from a certain number of spins. All of these factors are determined by the mathematical model created by the slot developer.
Can Online Casino Operators Change the RTP?
Some operators have the capability to adjust the RTP of their online slots. This applies to both land-based casinos with slot machine cabinets and online casinos with software-based games. Slot machine cabinets feature EPROM chips that allow operators to set the game's RTP by adjusting the chip responsible for the random number generator (RNG) algorithm. Online casino operators can only change the RTP if it is an option provided by the slot game developer.
Online casinos can hide the real RTP of their games, although licensed operators are required by law to be transparent about the fairness of their games. Failure to disclose accurate RTP information can result in regulatory issues. Consequently, many online gambling sites and cryptocurrency casinos choose not to display the RTP of their games.
Why Do Online Casinos Adjust RTP?
Online casino operators prioritize the profitability of their sites, especially in established markets like the United Kingdom or emerging online casino markets in the US. Adjusting the RTP of slots to favor the house is one way for operators to ensure they generate sufficient revenue to cover their expenses.
Risks of Changing Online Slot RTP:
Operators risk losing customers if they lower the player's edge by reducing the RTP. High-rollers and advantage players, who contribute significantly to an online casino's revenue, are less likely to engage with a casino that alters the game's RTP. Lowering the RTP too much can result in the loss of a substantial player base that becomes disenchanted with the lack of winning opportunities.
While online casinos can adjust the theoretical RTP of a game, it's important to note that this number represents a long-term average. In the short term, actual payouts can deviate significantly from the theoretical RTP.
In conclusion, online casinos have the ability to adjust the RTP of their slot games within the established ranges set by game developers. However, altering the RTP carries risks, including potential loss of customers. Transparency regarding RTP and adherence to regulatory requirements are essential for maintaining player trust and engagement.