The Real Chances of Winning at Canadian Online Casinos or How to Use the RTP
Online gambling in Canada has increased in popularity in recent years. According to the latest statistics, the gambling market is expected to reach $2.61bn in 2024 in terms of overall volume. The number of active players is growing as well.
Of course, gambling excites players, especially when it comes to sky-high wins. However, gamblers should always think about potential risks and real odds. It is important to understand the concept of Return-to-Player (RTP) and the way you may use it to the maximum effect.
Definition of an RTP
RTP is an important parameter of every casino game. It shows the percentage of all bets that a player will be paid back. As a rule, it is calculated from a long-term perspective. Suppose you sign up at GGBet Casino and play the Pompeii Gold slot with a 96.33% RTP. Thus, for every C$100 wagered, you will get back C$96,33 in the long run.
In fact, it is calculated by the developer and then verified by independent auditors and test labs (such as eCOGRA). The process considers the probability of each possible outcome. However, modern casino games are quite complex, with different rounds (including bonus rounds), which may have many possible outcomes.
Thus, the RTP rate is calculated via advanced mathematical models based on millions of spins or hands. In the short term, the real results may vary significantly from the RTP stated in the game’s description. A gambler could hit the jackpot or lose much more or less than the RTP percentage in a single session. Thus, it is more about a guide to the overall profitability of the specific game for the online casino.
RTP for Different Casino Games
As mentioned, casino games from different categories have various RTPs. It may vary even within the same game, such as when you play a regular or switch to the bonus round. Usually, table games have one of the highest RTP values.
Among them are baccarat and blackjack, which are often in the 98–99% range. As for poker, it is also on this list (but not all of its variants). Roulette has a slightly lower RTP, which is about 97% for European roulette and around 94% for its American variant. The main difference is because of the additional "00" on the wheel.
Popular slots in Canadian casinos have the lowest RTPs among all other games. In general, they are in the 92-96% range. If you visit the developer’s site and check the slot’s description, you can find the specific RTP value for each title. However, the house edge is always incorporated into the game's math model. As a rule, slots jackpot features have lower RTPs because a part of each stake goes towards funding the jackpot pool.
Ways to Use RTP to Your Advantage
It is impossible to impact the RTP or change it from the outside. Thus, it makes sense to explore the games you are going to launch and make an informed decision. Speaking about slots, you should search for games with the highest possible RTP. Within this game genre, the RTP of 96+ % is high.
Newcomers or those with a limited budget should avoid slots with progressive jackpots. The same is true for special features that may lower the RTP. For instance, there are bonus rounds or Megaways. Sometimes, mobile slot machines have lower RTPs than desktop ones. So, it is another point to check before playing for real money.
As for table games, the RTP depends on the specific rules and a strategy you stick to. If you play blackjack, then the top basic strategy can increase the RTP up to 99.5%. But if you fail, this value may drop significantly. Prefer to enjoy roulette?
Then focus on the European type since it features a much higher RTP compared to the American analogue. Newcomers may boost their chances of winning using even money bets like red/black. The odd/even option also works for the best odds possible.
Final Thoughts
Understanding RTP is crucial to managing expectations and improving odds while playing casino games. Of course, RTP doesn't guarantee big wins, but games with higher RTPs may pay out much more in the long run. Also, do not forget about responsible gambling budget management to get the maximum fun from playing!
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