When it comes to gambling, understanding mechanics and certain concepts significantly improve one’s chances of winning. It is not just about luck; instead, it involves knowing how to use your knowledge and executing the right strategies.
Among the crucial concepts a gambler should know are RTP (Return to Player) and house edge. These two concepts are important as they help gamblers assess the potential risks and rewards when playing a certain casino game. Additionally, understanding these concepts potentially enhance every gambler’s gaming experience.
If you are having a hard time conquering a certain casino game, learning about RTP and house edge may help you develop better strategies and make more informed decisions. Below, let us get to know what RTP and house edge means and how does learning about them help players beat the game system.
Get to Know RTP and House Edge
Two of the most popular concepts consistently encounter among casino gamers when still learning the ropes of casino gaming are RTP and house edge.
RTP or Return-to-Player is a term that describes the percentage of the total amount of money wagered that is anticipated to be returned to players over time. Essentially, this rate often gives the idea how much payout a player can expect in the entire run that they are playing casino games. Aside from being known as one of the most important concepts when playing casino games, it is also considered to be one of the concepts heavily misunderstood by gamers that often lead to poor decision-making during gameplay.
The best example to illustrate RTP is when a player plays online slots or online pokies if you are playing in Australia. Let’s say, the best Australian casinos provides a 90% RTP rate for its online pokies games. That means that for every $100 bet a player makes, about $90 will be returned to the player as winnings over time, and not just in a single gameplay. This concept is best explained among reputable gaming review sites that also recommend the best casinos gamers can trust for an excellent online gaming experience. These sites often provide detailed analyses of RTP rates along with other factors such as game variety and bonus offerings to help players make informed decisions.
On the other hand, house edge is the perceived advantage a casino, both online and offline, expects to have over its players. It is the level of percentage of each bet the casino retains over time, to ensure its long-term profitability. Consequently, the levels of house edge percentage varies in different types of casino games as it is often the product of the games themselves and are at times, not set by the casinos.
A great way to illustrate House Edge is when a player plays blackjack with a house edge of 5%. Let’s say the player bets $100 all throughout the game and when we apply House Edge percentage that means the casino gets $5 out of it. Let’s say the player bets another $100 then that means, the casino continues to get $5 out of the player’s entire bet. Then again, this rate differs to every game so if you want lower House Edge, make sure to choose games that feature a lower House Edge rate.
How Can You Beat the System?
After learning about RTP and House Edge extensively, it is time to learn about where these two concepts converge. By analyzing this intersection, players get to uncover insights that enhance the overall gaming experience.
Accordingly, what most people don’t realize that RTP and House Edge co-exist in every casino game, influencing every players’ experience and potential returns. When a game has an RTP rate of 90%, which automatically means the House Edge rate will be 10%. In the same way that if a pokies game has an RTP rate of 85% that means its House Edge is at 15%.
The higher the RTP rate, the lower the House Edge, and vice versa.
How then can you take advantage of knowing about these concepts and using them to your advantage?
- Select High RTP games
One of the most practical way to beat the casino system and improve their chances of winning is by practically choosing games with high RTP rate. By focusing first on games that offer better returns, players will have the chance to build their bankroll. Once they have sufficient amount, they can then pursue games that are riskier than those with high RTP rates.
- Utilizing Bonuses Wisely
Another way players can beat the system is by taking advantage of the bonuses provided by the casino.
Casinos often provide rewards and bonuses to its players to entice them to play more. As such, players can take advantage of these and smartly apply them when playing games especially those with lesser House Edge rate. The lower the House Edge rate, the better the chances player can maximize it to increase their winnings.
However, players must carefully read the bonuses’ respective terms and conditions so that they can fully maximize it to their advantage.
- Practice and Experience
Lastly, once the player reaches the maximum bankroll amount, they can now start placing bets to the casino games they want.
They can start small by placing small amounts of bets before increasing it, until such time the player gains confidence to risk more. If spending any amount in the bankroll seemed like a waste, they can practice first in the free versions of the casino game or participate in live demos. In doing so, they get to familiarize themselves with the game dynamics without risking real money.
Final Thoughts
RTP and House Edge fully co-exist in the casino gaming industry. These two concepts mainly influence every aspect of a player’s gaming experience.
By understanding these concepts, players get to make better informed choices and may even develop strategies that can help them realize their winning potential. Just because odds are always in favour of the House, players can beat those odds by fully familiarizing and mastering their favorite games while keeping in mind RTP and House Edge to maximize their chances of success.
