What Does Volatility Mean in Slots?

In online gambling, live dealers stand as the human touch amidst the digital frenzy, bridging the gap between virtual and physical casinos. These individuals are tasked with managing the games in real-time, offering players an immersive experience without going to a brick-and-mortar casino.  But beyond the glamour and the allure of the casino lights, what does it truly mean to pursue a career as a live dealer? Does the financial and personal reward justify the investment in such a unique profession? We go into the realities of working as a live dealer, examining the balance between the challenges and perks, and ultimately, whether it pays off to embark on this distinctive career path. A Closer Look at a Live Dealer’s Role & Responsibilities Think of it this way, live dealers have all the same obligations as traditional casino dealers do, except they are remotely interacting with players through chat. However, the job is not just about dealing cards or spinning roulette wheels. It's about creating an interactive and enjoyable experience for players, ensuring the integrity of the games, and maintaining a professional demeanor throughout. Dealers need to have a good understanding of how a professional studio functions, as they spend a lot of the time live streaming from there. Let’s take a look at what is expected of them in terms of responsibilities, tools they’ll use, required skills, and working hours. Job Responsibilities Live dealers are tasked with a variety of responsibilities that go beyond just handling game equipment. They must facilitate each game according to casino rules, manage the betting process, and ensure fair play. Additionally, live dealers must interact with players through live chat, offering assistance and enhancing the social aspect of the games. They are often responsible for several types of games, including but not limited to blackjack games, roulette, baccarat, and poker. A deep understanding of each game's rules, strategies, and procedures is essential, as is the ability to manage the game smoothly and efficiently. In brief, as a live dealer, you’ll be responsible for: Creating an engaging and positive atmosphere for players Introducing players as they join Announcing game rules and winners Handling of game equipment including wheels and cards Calculate payouts Continuously converse with players during the game Keep an eye on the progress of the game, noting and supervising any updates Always be presentable and comfortable in front of the camera Tools and Work Environment At the heart of a live casino is the use of real-time video streaming, where players can watch as live dealers shuffle, deal, and manage games just as they would in a physical casino. This setup is facilitated by sophisticated technology that includes multiple cameras to capture various angles, ensuring an immersive experience that closely mimics being at a casino table. Live dealers have various tools and equipment at their disposal, which includes but is not limited to games equipment such as cards or roulette wheels. The work environment is in some way considered safer than land-based casinos, thanks to the fact that there is no physical interaction with players or other casino visitors. Another important tool in the live dealer’s arsenal is the camera, or multiple cameras to be exact. While this role won’t require you to work with cameras, you would need to be comfortable with live streaming and being in front of the camera for up to 8-hour shifts. Needless to say, being tech-savvy with a natural feel for hosting games and engaging an audience, is a necessity for this role. Skills & Qualifications You’ll Need When it comes to basic requirements, you’ll have to make sure that the live dealer job you wish to apply for is in alignment with what you can bring to the table. In general, there is an age restriction coupled to the role, usually set at 21, depending on the location of the studio. Qualifications are not usually an important factor, but the majority of live dealer jobs do require a high school diploma. Some employers may require prior experience in a casino or dealing environment, but many are also willing to train individuals who are new to the industry, provided they have the right personality and commitment to learning.  Many online casinos and live dealer studios offer specialized training programs. These programs are designed to equip aspiring dealers with the necessary skills and knowledge to perform their duties effectively. Training covers the rules and procedures of various casino games, as well as aspects of customer service, game management, and the use of relevant technology.  It is important to note that due to the nature of this role, you will have to be willing to work odd hours and shifts. Most companies will also need you to be available over weekends. Keep in mind that online casinos run 24/7, and live dealer games are no exception to the rule! The job may typically require 8 hours in front of a camera, maintaining a high level of concentration and professionalism throughout each shift. Expected Income for Live Casino Dealers The compensation for live casino dealers can vary widely depending on several factors, including the following: The studio’s location and the employer's policies: While the biggest portion of live dealer studios are located in Europe, there are some roles available at US studios as well. The physical location of the studio will have a direct impact on the income offered. Dealer’s level of experience: Professional dealers who have a track record of previously holding dealer jobs have a higher earning potential than newbies. Tips: While it used to be uncommon in the past, today, live dealers can also generate additional income by way of tips earned. Big studios such as Evolution Gaming have clear policies in place that make way for tips. This is usually indicated in the job listing - so keep an eye on that! Types of games: Not a typical rule, but the types of games you’ll host may have an impact on income. High-roller games may mean bigger earnings at some studios. Responsibilities: Some studios may offer room for professional growth and could require more experienced dealers to train newcomers. Having more responsibilities will have a direct influence on the proposed salary. In the United States, live dealers at online casinos can expect an average yearly gross salary of around $23,000, with some US live dealer jobs offering up to $40,000 and more. In the UK, dealers can look at earning anything from ￡22,000 up to ￡55,000 depending on experience and seniority. In studios located in Europe, the basic starting salary is around €22,000. Advantages and Challenges of Working as a Live Casino Dealer The role of a live casino dealer comes with its unique set of advantages and challenges. Understanding these can help aspiring dealers gauge whether this career path aligns with their personal and professional goals. Here's a look at the main pros and cons of being a live casino dealer: Pros of Being a Live Online Casino Dealer Skill development: The job allows dealers to hone their customer service, multitasking, and technical skills. No physical strain: Unlike traditional casino dealers, live dealers don't have to stand for long hours, as they can work in more comfortable settings. Competitive salary: Live dealers can count on a stable income, regardless of the region they are working in. They tend to have bigger base salaries but receive a lesser amount of tips compared to on-site dealers. Unique job experience: Being a live dealer provides a distinctive experience that stands out on a resume, demonstrating the ability to work in fast-paced, technology-driven environments. Cons of Being an Online Live Casino Dealer Irregular hours: The need to accommodate players in different time zones can lead to irregular working hours, including nights, weekends, and holidays. Less personal interaction: The digital barrier can make it challenging to connect with players on a personal level, potentially making the job feel less rewarding for those who thrive on direct interaction. Dealing with technical issues: Live dealers must be able to handle technical glitches or streaming interruptions, which can add stress to the job. Performance pressure: Being on camera and maintaining professionalism at all times can be demanding, especially during long shifts or when dealing with difficult players. Earn a Decent Living While Shuffling and Dealing via Live Stream With its dynamic work environment, opportunities for interaction with a global audience, and the blend of technology and gaming, being a live dealer stands as a compelling option for those drawn to the distinctive nature of the job. While it comes with its set of challenges, such as irregular hours and the digital divide between dealer and player, the benefits, including a stable income, career advancement opportunities, and the thrill of the game, often outweigh the drawbacks. If you're intrigued by the prospect of joining this vibrant industry, why not explore further and perhaps take the next step towards discovering an exciting career path that awaits within the world of online casinos?

Governments impose gambling taxes on the revenue generated from various forms of gambling, such as lotteries, sports betting, and online gambling. The rationale behind such taxation is to generate revenue for the government, discourage excessive gambling, and regulate the industry. A key concept in understanding gambling taxes is the gross gaming revenue (GGR). GGR represents the total amount wagered by players minus the winnings paid out to them. It's essentially the gross profit for gambling operators before expenses are deducted. Taxes are often calculated based on the GGR, making it a critical figure in the economics of the gambling industry. Operator vs. Individual Player Taxes Individuals fortunate enough to win at gambling may be required to pay a percentage of their winnings in taxes to the government. The United States, for instance, imposes high taxes on individual casino winnings, but the percentages vary depending on the state and the amount won. Additionally, the United Kingdom demands taxes on winnings from certain games, such as the National Lottery. These policies aim to keep the tax burden on winners manageable. The countries with the highest taxes on gambling establishments usually don't require individuals to pay additional taxes on their winnings. By examining different countries' tax regimes, we can observe the financial impact of corporate taxes and see how different societies perceive gambling. Countries with the Highest Gambling Taxes Certain countries stand out for imposing the highest rates. By taxing gambling activities, these nations aim to generate significant revenue that can be used for public services and social programs or to mitigate the potential adverse effects of gambling. The following section will illustrate how the countries that have chosen to adopt the highest gambling taxes leverage this sector as a substantial source of government income. France The 2010 Online Gambling Law opened the doors to online racing and betting on sports. Five-year renewable licenses carry no fees for operators. However, they are required to pay fees to the organizers of French sports events for the right to offer bets. France imposes taxes based on the GGR. Online operators are taxed at a rate of 37.7% GGR for racing and 55.2% GGR for sports betting. Retail betting incurs a tax rate of 44.5% GGR. Operators' corporation tax decreased to 25% in 2022, while the standard VAT rate is 20%. Germany The Race Betting and Lotteries Act of 2021 introduced a 5.3% tax on stakes for sports betting, horse race betting, virtual slot games, and online poker, resulting in an effective rate of 5.03%. Land-based casinos face tax rates on gross gaming revenue, ranging from 20% to 80%. Offline slot machine operators must pay municipal amusement tax of 12% to 20% based on GGR. Betting shop owners may also face local betting shop taxes of up to 3% on stakes, independent of the federal sports betting tax. Macau Casino concessionaires in Macau must pay tax amounting to 35% of their GGR. Additionally, gambling operators are subject to two more levies—a 2% tax on their gross gaming revenue, which contributes to public funds promoting cultural, scientific, social, economic, and educational development, and a 3% tax allocated for urban development, tourism promotion, and social security.  Furthermore, a 5% tax is imposed on the commissions paid to promoters. The Macau Gaming Law also stipulates a special levy in cases where a gaming table or slot falls short of the annual minimum gross revenue requirement, calculated as the difference between the generated GGR and the minimum revenue thresholds per table (MOP$6,000,000) and machine (MOP$300,000). Denmark Online and land-based betting, online casinos, betting exchanges, poker, and other commission-based games carry a 28% tax rate. The land-based casino rate is 45% on GGR, with an additional 30% tax on the amount exceeding Kr4,453,400. The tax rate for physical machines is 41%. Gambling machines in restaurants face an additional 30% tax on amounts exceeding Kr33,400, while arcades have an additional 30% tax on amounts exceeding Kr278,400, plus a per-machine fee. In the non-profit lottery and no-stake games, cash prizes exceeding Kr200 and prizes comprising goods or services exceeding Kr750 are taxed at 17.5%. Austria Online casino games and betting in Austria are exempt from the standard 20% VAT, except for slot machines outside online casinos. The current taxation structure for online casinos is distinct for various products. A 2% tax is applied to all stakes for online and offline casino betting. However, when it comes to online casino gambling, a substantial 40% GGR tax is imposed. Land-based casinos may levy a 30% GGR tax. Additionally, slot machines at online casinos are subject to a 30% tax on the net gaming revenue. Countries with the Lowest Gambling Taxes Some nations choose not to tax gambling companies heavily. Therefore, understanding these factors sheds light on their approach to regulating the industry. Countries with low gambling taxes adopt these policies to stimulate economic growth, promote competition in the industry, and maintain the profitability of gambling businesses.  By keeping tax rates low, countries encourage operators to open new casinos, online platforms, and other gambling enterprises, leading to growing investment, job creation, and tourism. Another consideration is the competition among countries to attract gambling businesses. Reduced tax rates can make specific jurisdictions more appealing to casino operators, resulting in clusters of gambling establishments in the area. This competition among operators can result in better services and offerings for players. Russia Chapter 29 went into effect on January 1, 2004, making gambling taxes regional, with money going to the budgets of the Federation's component organizations. This amendment allowed every region to choose its own gambling tax rate as long as it remained within the boundaries stipulated by Law #142-FZ. Tax rates on slot machines with cash wins varied from ?1,500 to ?7,500, while bookmaker and totalisator cash desks and gaming tables had tax rates ranging from ?25,000 to ?125,000. Online sports betting license holders, the only type of online gambling permitted in Russia, pay a set monthly tax rate of ?2,500,000 to ?3,000,000. Singapore Gambling taxation in Singapore has undergone significant changes. Mass market GGR is now taxed at 18% for the first S$3.1 billion and 22% after that, which signifies an increase from 15%. Premium (VIP) GGR, previously taxed at 5%, now faces an 8% tax up to S$2.4 billion and 12% beyond that amount. These rates are contingent on casino operators meeting specific targets. Failure to meet them results in a default tax rate of 22% for mass GGR and 12% for premium GGR. Finland The gambling landscape in Finland is characterized by a state monopoly, with Veikkaus Oy as the sole licensed operator. Traditionally, the gambling tax stood at 12%. However, in response to the Covid-19 pandemic, this rate was reduced to 3.4% in 2022 and slightly increased to 5% in 2023. The tax rate will revert to the original 12% in 2024. Belgium In Belgium, the gambling tax is region-specific. A general 15% tax and 11% in Wallonia applies to gross wagers, excluding national lotteries, pigeon races by participants, and non-profit games. Horse and dog races incur a 15% tax on gross margins, extended to non-EU events since 2015. Online wagers face an 11% tax on net margins. Casinos are taxed differently per game type, and a fixed tax applies to gaming machines in Class A, B, and C establishments. Kenya The Income Tax Act and the Betting, Lotteries & Gaming Act govern gambling taxation in Kenya. Betting companies withhold 20% from winnings, so a win of Ksh50,000 results in Ksh40,000 for the winner, with Ksh10,000 going to the Kenya Revenue Authority (KRA). A 15% tax on GGR, defined as gross turnover minus customer winnings, is also levied on bookmakers. This tax applies to casino, lottery, and prize competition winnings and must be remitted to the KRA by the 20th of each month. Key Takeaways on International Gambling Tax Policies Due to the introduction of gross gaming revenue (GGR), we can observe societal attitudes toward gambling and see how governments tax different forms of gambling, with the primary objectives being revenue generation, discouraging excessive gambling, and industry regulation. Specific taxation rates and policies are tailored to each country's unique socio-economic circumstances. Policies vary significantly in terms of tax rates on GGR, winnings, and specific gambling activities. Given this diversity, it's crucial for individuals, especially foreigners, to familiarize themselves with specific regulations of the country they are gambling in to avoid any legal issues.

Welcome to the world of online casino free spins! These bonuses are a popular feature of online casinos, giving players the opportunity to spin the reels without risking their own money. As such, playing slots with free spins can be both entertaining and profitable with the right strategy. Here, you'll find out all about free spins, from how they function to the various kinds available and how to obtain them. We'll also discuss some of the best online casinos that provide them. What Are Online Free Spins? Free spins are like the golden ticket to the world of online slots. These bonuses are a common feature of online casinos and are often implemented as a strategy to attract and retain players because they allow gamers to spin the reels on a slot machine without having to risk any of their own money. The casino will credit the bonus to your account if you're lucky enough to win something while using these free spins, which are sometimes given in the form of a specified number of spins to be used on a certain slot machine. You can either cash out or use these funds to play other games once the wagering criteria have been met. The number of free spins and wagering requirements will be determined by the online casino and the specific promotion. Free spins can be obtained in two ways—as part of a welcome bonus package for new players and as a reward for loyal players who have accumulated a certain number of points through gameplay. If you know what you're doing, playing online slots with free spins can be both entertaining and profitable. However, if you're offered free spins, make sure you read and understand the terms and conditions thoroughly before using them. How Do Free Spins Work? Picture this; you're scrolling through your favorite online casino and stumble upon a sweet deal—free spins! But wait, what exactly are free spins and how do they work? Let's break it down. It's simple! You receive a set number of spins to use on a specific slot game chosen by the casino. Let's say you get 20 free spins. That means you get 20 chances to hit the jackpot without spending a dime. Any winnings from these free spins are credited to your account as bonus funds, which you can use to play other games or withdraw after meeting the casino's wagering requirements. Before accepting a free spin offer, you should check its terms and conditions to see if they are acceptable to you. Free spins are a fun and financially rewarding element of any slot game, and some games even offer bonus features that might unlock additional spins while you play. Types of Online Slot Free Spins Let's take a deeper look at the many kinds of bonuses you can get when it comes to free spins at online casinos. No Wager Free Spins First up, we have wager-free free spins. These are free spins that don't come with any pesky wagering requirements. This means that any winnings you earn from your free spins can be withdrawn immediately as real money! Deposit Free Spins Another popular type of free spin bonus is deposit free spins. These are free spins that come with a deposit bonus package. For example, if you deposit $20, you might get an extra 50 free spins to use on a specific slot game. No Deposit Free Spins Next up, we have online casino free spins with no deposit. No deposit free spins are the holy grail of this type of bonus because they require absolutely no investment. Simply sign up for a new account at the online casino, and you'll be given a set number of free spins to play with. Real Money Free Spins Real money free spins are exactly what they sound like—free spins for real money! These are the best kind of free spins because they combine the excitement of playing a slot game with the possibility of winning big. Play Money Free Spins Finally, we have play money free spins. These are free spins that don't offer any chance to win real money, but are still a great way to try out new slot games without risking any of your own money. Now that we've gone through the types of free spins bonuses, let's check out the top five casinos that offer them. The Top 5 Online Casinos with Free Spins You may be wondering where to look to find the best casino sites to play online and get free spins. Your search is over! We've compiled a list of the top five slots gambling sites, each known for its free spin bonuses, extensive game library, and user-friendly interface. So let's get started, and don't forget to read our in-depth reviews on our site! FortuneJack Nexus Group Enterprises Casinos launched this platform in 2014, and it offers a wide variety of casino games, live dealer options, and sports betting opportunities, all accessible via its user-friendly mobile app or site. The catch is that FortuneJack only accepts Bitcoin! If you're familiar with this cryptocurrency, you'll find playing on FortuneJack's platform fun, with seamless transactions and an overall smooth experience. However, if you're new to Bitcoin, it may take some time to get used to betting with a digital currency. Regardless, the Curacao licensing authority is keeping a close eye on this innovative online casino. What about the bonus spins, then? Register now to receive 100 free spins to kickstart your FortuneJack journey! All you need to do is verify your email and mobile number within seven days of signing up. What's more, there are no pesky wagering requirements, and you'll only need to deposit the same amount you've won within your online spins to claim your winnings. You'll be spinning your way to potential riches in no time with this fantastic bonus! [sigma-mt-blog-post-play recordids="567631"] Casino.com Looking for a casino that caters to your gaming preferences? Casino.com is the place to be! This online casino was founded in 2008 and is licensed to provide gaming services under the jurisdiction of Gibraltar. It's also licensed by the UK Gambling Commission. As a welcome bonus, new players can receive a 100% match bonus up to $400, as well as 200 free spins to use on selected Cash Collect slot games such as Sahara Riches Cash Collect, Leprechaun Luck Cash Collect, Silver Bullet Bandit Cash Collect, and Football Cash Collect. However, keep in mind that this promotion is only available to new users who are 18 or older and make their first deposit within 15 days of signing up. [sigma-mt-blog-post-play recordids="519595"] 888 Casino Welcome to 888 Casino, where you can enjoy generous bonuses and a diverse selection of entertaining games. You're sure to find something that catches your eye with over 1,000 games to choose from, including casino slots with free spins, roulette, blackjack, and poker. In addition, 888 Sport, a licensed sportsbook, is available for all of your wagering needs. 888 Casino, which is based in Gibraltar and licensed by the UK and Gibraltar gambling commissions, uses multiple software platforms to provide players with an exceptional gaming experience. Moreover, a welcome bonus of up to $1,500 for high rollers sounds interesting. But that's not all—for a limited time, 888 Casino is giving away 88 no deposit free spins. Simply sign up and start playing! 888 Casino has over 24 years of online gaming experience, so you know you're in good hands. Don't pass up this fantastic opportunity. [sigma-mt-blog-post-play recordids="541413"] Mr Green Casino This casino offers a wide range of games, bonuses, and even a VIP program. And with the backing of William Hill, one of the most recognizable names in the gambling industry, you can be confident that you'll be playing in a secure and regulated environment. But first, let's discuss the welcome bonus. You have a choice among three excellent alternatives as a new player, including the amazing casino bonus, to get you going. This offer of up to $1,200 in deposit bonuses and a huge 200 free spins on the well-known game from an online casino with free spins: Book of Dead. Hence, Mr Green casino has everything you need to start off strong, whether you're a seasoned slot player or just getting started. [sigma-mt-blog-post-play recordids="501298"] PartyCasino Do you want to join a never-ending party? Founded in 1997, this reliable online casino and sportsbook has all you need to have a wonderful time. PartyCasino caters to all players with a large selection of slots, live casino games, and a comprehensive sportsbook area. Nonetheless, the real fun begins with its Welcome Bonus. New customers who sign up, make their first three deposits, and qualify can receive up to $500 in bonus funds as well as 120 free spins on the jackpot slot Melon Madness Deluxe! Your first deposit earns you a 100% match bonus up to $200 and 80 free spins, and your second and third deposits earn you another 100% match bonus up to $150 and 20 free spins. It's the ideal way to begin your PartyCasino adventure, but hurry—this offer is only available to new users who make a minimum deposit of $10 using one of the accepted deposit methods. [sigma-mt-blog-post-play recordids="541372"] How to Get Free Spins on an Online Casino There is a constant effort on the part of online casinos to both expand their customer base and satisfy their current clients. Let's review what we've learned about free spins so far, and here are some of the ways you can obtain them: Sign up for a new account: Free spins are frequently included in welcome bonus packages for new customers at online casinos. This is the best way to test out the casino without having to make an initial deposit. Who knows, your free spins might result in a big win. Make a deposit: Some online casinos include free spins in their deposit bonus packages. This means that when you make a deposit, you will be given a set number of free spins to use on a specific slot machine. The more money you deposit, the more free spins you'll get. Participate in promotions: Free spins may be provided by online casinos as part of promotions or unique events. Get informed about any impending promotions by keeping an eye out for emails or notifications from the casino, as this is a fantastic strategy to get more free spins. Be a loyal player: Several online casinos reward players with free spins after they reach a particular threshold of loyalty points through gameplay. When you play more, you'll be able to accumulate more loyalty points and free spins. Keep in mind that each online casino has its own set of regulations and requirements for redeeming free spin bonuses, so play responsibly and enjoy yourself. Casino with Online Free Spins: Final Thoughts Now that you know all about online casino free spins, you're prepared to take advantage of the numerous free spin offers available, have some fun, and possibly win big. Just keep in mind to play responsibly, read the terms and conditions of any free spins offer, and most importantly, enjoy spinning those reels! By selecting one of the top five online casinos we've highlighted above, you are sure to find an online casino that meets your needs and offers plenty of exciting chances to win free spins. FAQ What online casino gives free spins? As part of their promotions or welcome bonuses, many casinos provide their players with free spins. Among the best sites known for their online casino free spins are FortuneJack, 888 Casino, Casino.com, Mr Green, and PartyCasino. Can I win real money with free spins? Yes, if you meet the requirements, you can claim real money using free spins. What casino games have free spins and no deposit? Popular slots like Starburst, Gonzo's Quest, Book of Dead, and Mega Moolah frequently provide free spins and no deposit requirements.

You've probably heard the term RTP thrown around. RTP, or return to player, is an important concept to grasp if you want to improve your chances of winning and make the most of your gambling experience. In this article, we'll explain what it is, how it affects your winning potential, and why it's necessary to understand it when playing games at your favorite online or land-based casinos. RTP Explained in Simple Terms In the gambling industry, RTP is a term used to describe the percentage of all wagered money that a casino game or slot machine will pay back to players over time. In other words, it's a measure of how much money you can expect to win back from a game in the long term.? Every casino game has a different RTP percentage, which is typically determined by the game's rules and mechanics. It's important to note that RTP is not a guarantee of success and doesn't predict individual outcomes. Even a high RTP slot machine can result in a long losing streak or a large win on a single spin. A slot machine with an RTP of 96%, for example, will pay out $96 for every $100 wagered on average. This doesn't imply that you'll always win $96 for every $100 wagered, as actual payouts can vary greatly. However, over a large number of spins, you can expect to win 96% of your bets back. Keep in mind that the theoretical RTP is only one aspect to consider when selecting a slot machine. Other features, such as volatility, jackpot size, and gameplay, can all impact your chances of winning and overall experience. House Edge vs. Return to Player If RTP displays the returns a player can expect, the house edge is the opposite. In other words, House Edge displays the percentage of returns the casino can expect on any given game. The house edge can be inferred from the RTP, ranging from 5-20%. If a slot has a return to player of 96% (which is more or less the industry standard), the house edge is 4%. Needless to say, this percentage indicates the casino’s expected return over time and not on a single spin. The Role of RNGs in Slot RTP We’ve discussed RNGs (random number generators) extensively in other posts, so here our focus is on explaining the relationship between RNGs and RTP with online slots. Random number generators ensure that the outcome of any online casino game, including online slots, is completely random and fair. So, in addition to checking a game’s theoretical RTP percentage, to determine the fairness of games, the prevalence of random number generators in games assures fair game outcomes. RTP vs. Hit Frequency in Online Slots Another variable worth taking into account is a game’s hit frequency. This will not necessarily be displayed, but it is fairly easy to calculate by dividing the slot’s total winning combinations by the total number of outcomes. But what does it mean? In simple terms, hit frequency indicates how frequently a player will hit winning combinations. Let’s look at a real example.? If a slot has a RTP percentage of 96%, the house edge is 4%, meaning that if you spend $100, you could win $96 over time, and the casino will earn $4. If the slot has 3125 ways to win and 10 winning combinations, the hit frequency would be 0.0032, or 0.32%. The higher the hit frequency, the more wins you can expect. We need to mention that this calculation alone cannot determine a player’s final call, as the RTP, house edge and volatility also plays a significant role. The Value of High RTP for Player Wins Knowing the RTP of a game is crucial for players to have an idea of what their potential wins or losses could be over an extended time. This not only helps players manage their bankroll but also aids in being selective when finding a game to play. Ultimately, games with higher RTPs indicate a bigger chance of winning while affording more time to play. This results in players being able to make the most of their online gambling activities. The Difference Between Volatility and RTP While RTP and volatility are both important factors to consider when playing slots, they aren't the same thing, and understanding the difference between the two can help you choose the right slot game. For example, RTP doesn't account for the frequency or size of payouts, which is where volatility comes into play. Volatility in slots refers to the level of risk or uncertainty involved in playing a slot game. High-volatility games usually offer larger payouts less frequently, while low-volatility games offer smaller payouts more often. Knowing how volatility works is crucial if you want to manage your bankroll effectively and avoid losing money quickly. Failing to understand these two concepts can have a significant impact on a player’s experience and possibly, bankroll. It is of utmost importance to come to grips with the fact that the higher the RTP, the higher the possibility of winning while playing for longer. 6 Steps to Pick a Slot Based on RTP Analyzing a game's RTP is but one factor that is crucial to consider when trying to determine your odds of winning. We’ve set up a handy step-by-step guide below that will help you in fine-tuning your hunt for the best game to play, and how to go about it. #1: Opt for a Game With a Higher RTP One of the first things to check when analyzing a slot game is its RTP. If you're wondering how to find the RTP on a slot machine, you can usually see it in its paytable or rules. If you're considering high RTP vs. low RTP slots, always go for higher RTPs. #2: Choose Volatility That Suits Your Needs As mentioned earlier, the volatility of a slot game can greatly impact your chances of winning and the frequency and size of payouts. High-volatility games tend to be more appealing to those looking for big wins, while low-volatility games are more suitable for players with a smaller bankroll who seek longer sessions. #3: Examine the Payout Amounts It's also important to check the payout amounts of a slot game to see how much you can win for each combination of symbols. Payout amounts can vary significantly between different games and symbol combinations, so it's important to understand how they work. #4: Pick a Game With Bonus Rounds Bonus rounds are special features in slot games that can offer additional chances to win or increase payouts. Checking if a game has bonus rounds and what they entail can help you evaluate the overall value. #5: Look for Extra Features Finally, it's worth checking out any additional features, such as wild and scatter symbols. Wild symbols can substitute for other symbols to create winning combinations, while scatter symbols can trigger bonus rounds or free spins. Understanding these features can help you take advantage of the game's mechanics and increase your chances of winning. #6: Try the Demo Version Many online casinos offer demo versions of slot games, which allow you to play for free with virtual credits. Trying the demo version can help you get a feel for the game's mechanics and features and determine whether it's a good fit. Leverage RTP and Increase you Winning Chances Understanding the concept of RTP and its importance when playing slots and other online casino games is crucial for any gambler looking to increase their chances of winning. However, RTP is just one piece of the puzzle. Other factors such as volatility, bonus rounds, payout amounts, and additional features can all impact the outcome.? To make the most of your gambling experience, always remember to play responsibly, set a budget, and choose games that offer a balance of high RTP and low volatility. Doing so lets you enjoy the thrill of playing slots while minimizing your risks and maximizing your rewards. FAQ Is higher or lower RTP better? Generally speaking, a higher RTP is better for players, as it means that the machine will pay back a larger percentage of all bets placed over time. Do online slots have different RTPs compared to physical slot machines? Online slot games often have higher RTPs compared to slots in physical casinos. This discrepancy is mainly due to the reduced overhead costs online platforms have, such as staffing and facility maintenance. What is a good RTP for slots? A good RTP for slots is generally considered to be 96% or higher, which is around the industry average. How do you calculate RTP in a game? If a slot machine receives $500,000 in bets and pays out $450,000 in wins, the RTP is calculated as the total amount of payouts to players divided by the total amount of wagers: 450,000/500,000=0.90. This calculation shows that the RTP is 90%.