Learn RTP and Volatility To Maximize your Casino Bonus
This guide provides a comprehensive overview of RTP and Volatility and their combined influence on casino bonuses. Make more informed decisions and ultimately enhance your chances of winning when engaging with online slot games through a casino bonus. Our casino experts will show you how to analyze games and increase your winning advantage.
Table Of Contents
- Understanding RTP
- Volatility And Slot Games
- High Vs. Low Volatility - A Comparison
- The Impact of RTP and Volatility on Casino Bonuses
- Top Pro Tips
- RTP And Volatility In Action
- High RTP Slot Game Providers
- RTP Percentages In Roulette
- RTP Percentages In Blackjack
- Understanding The RTP of a Betting System
- How Variance Affects a Betting System
- How Bet Size Affects The RTP of a Betting System
- How To Find The Best Betting Strategy
- Final Thoughts And Conclusions
Understanding RTP (Return to Player) Percentages
Return to Player (RTP) is a term that expresses the average percentage of stakes a game returns to players as winnings over time. It’s essential to keep in mind that these numbers are based on an infinite number of rounds.
Therefore, they do not represent the return you can expect during any given gaming session.
In other words, playing a game with an RTP of 97% doesn’t’ mean you will win 97 out of 100 rounds. What it means is that 97% of all placed stakes will be distributed as winnings to all players. The remaining 3% is the casino's profit, or house edge if you will.
This is better understood if we consider the potential return on every USD 100 invested in a game. Expressed in this way, it shows the profitability and fairness of casino games, especially slot games, in comparison to other games.
Calculating RTP
RTP is calculated as a simple formula:
Total amount returned to players / The Total amount wagered x 100.
For instance, if a slot game has an RTP of 98%, it means that for every USD100 wagered, USD98 will be returned to players over time (on average). Consequently, the higher the RTP, the greater the potential for long-term winnings.
Consider the following example: A slot game with a 93% RTP played with USD1,000 over time would theoretically return $930 to players. On the other hand, a game with a 98% RTP would return $980 for the same wager.
The difference of USD50 illustrates the impact an extra 5% RTP has on potential returns for the same amount wagered, emphasizing the importance of choosing games with higher RTP percentages.
RTP on Slot Games
As we all know by now, when it comes to gambling, the house always has the edge over the player. However, statistically speaking, players do have a shot at picking up wins – big ones at that in the case of a progressive jackpot – and giving the house a run for its money.
The above situation depends largely on being able to pick the right game to play, and one factor that can help you (to an extent) in determining which game it could probably be is RTP.
RTP value associated with a game is a theoretical and also realistic measure of how much money a slot machine pays you back over a definite period of time. This value is expressed as a percentile and is usually anywhere between 94% and 99%. A slot with a 95% RTP value will return $0.95 for every $1.00 wagered; this is the amount that the slot pays back after hundreds of thousands of spins.
The $0.05 that’s left behind is the profit that the casino enjoys for the $1.00 you bet. The RTP in this case is 95%, and the remaining 5% is the house edge. Just so we’re clear, the 95% RTP doesn’t mean you get back $95 for every $100 you bet; it’s the amount that the slot hands out as winnings among all.
If you want to know which online slots yield the biggest potential returns, we suggest you start by exploring these volatile slots:
-
Wolf Gold
96.01%
Pragmatic Play -
Primal Hunt
96.10%
Pragmatic Play
-
Gems Bonanza
96.51%
Pragmatic Play -
Wild Walker
96.55%
Pragmatic Play -
Curse of the Werewolf Megaways
96.50%
Pragmatic Play
Busting a Couple of RTP Myths
There are quite a few myths about RTP value when it comes to slots. One of the most popular myths which needs to be squashed is whether casinos are able to control a game’s RTP. Contrary to popular belief, casinos or their operators don’t have the technology or resources wherewithal to tweak the RTP settings to its favor. A casino doesn’t own slot games, they're usually sourced from providers.
Another popular misconception is that RTP doesn’t matter when only a solitary session is considered. While this is mostly untrue, there is a miniscule of truth here. There’s no predicting the outcome of a game based on a single session, but, it’s also true that a slot with a 90% RTP won’t play as well as one with a 98% RTP.
The 10 Best Slots with High RTPs
The higher the RTP value the better it is for a player, because it means the more the overall return amount over a period of time is going to be. Here is a list of 10 slots with the highest RTPs.
- Ugga Bugga – this Playtech slot has an RTP value of 99.07%.
- Mega Joker – a classic NetEnt slot and definitely a favorite because of its RTP of up to 99%. The RTP value varies depending on the stake level you play at. To benefit from the 99% RTP, you’ll have to bet all 10 coins at maximum value.
- Ooh Aah Dracula – this slot from Barcrest has a gothic theme – with Dracula as the central character – and an RTP value of 99%. Superb bonuses like the Graveyard Bonus, Super Graveyard Bonus and the Heart Attack Bonus gives you a shot at putting together some good wins.
- Jackpot 6000 – yet another favorite title from NetEnt, this slot comes with an RTP value of up to 98.8%. Like the Mega Joker slot, you’ll need to play this one too with all 10 coins to trigger the maximum RTP value. But that’s not all… you must also know when it’s a good time to pick up your winnings from the Supermeter.
- Chess Mate – this game from Multi Slot has a high RTP value of 98.7%.
- 1429 Uncharted Seas – hailing from Thunderkick this game has an RTP value of 98.6% attached to it.
- The Catfather – this cute and cuddly slot from Pragmatic Play has a sweet RTP value of 98.10%.
- Blood Suckers – an exciting slot from, you guessed it… NetEnt gives you a shot at good wins and has a fabulous RTP value of 98%.
- Jokerizer – Yggdrasil is known for its high quality slots, and this one is certainly a stellar pick – thanks to its cool features and superb RTP value of 98% - is Jokerizer. Features to help you score wins include the Joker mode and the Mystery Win.
- Rainbow Riches – Pick ‘n Mix: This fantastic slot from Barcrest is a sequel to the equally popular Rainbow Riches. Helping you score some lovely wins include bonus features like Pots of Gold, Magic Mushroom and Road to Riches.
Volatility And Slot Games
Slot game volatility, sometimes known as variance, references the level of risk associated with a particular game. In a nutshell, it represents the frequency and size of potential winnings the slot game has to offer.
A solid understanding of volatility helps players to assess the balance between risk and reward. There are three main levels of volatility:
Low Volatility
These games offer frequent but smaller wins. They are less risky, making modest payouts on a regular basis. For this reason, they are particularly beneficial when used with bonuses, allowing players to make enough small wins to get through wagering requirements.
For instance, when you play a game like Big Bad Wolf, you can expect a number of small payouts over time, with a slightly bigger win thrown in occasionally. If you’re more into the fun side of online gambling and hate losing a big chunk of bankroll at the online casino these games are just right for you.
Low-Medium Volatility
If you’re someone who hesitates to take big risks but are open to scoring modest-sized payouts at regular intervals, the low-medium volatility games are perfect for you. The win values are lower but a correspondingly high win frequency ensures good times when you play these games.
Remember, the win frequency is more compared to what medium volatility slots offer, but the amount you win is always lower. Set your bankroll the right way and you could be playing these games and scoring wins for a long time! A good example of a Low-Medium volatility slot is Go Bananas.
Medium Volatility
This level strikes a balance between risk and reward with a mix of small and large wins. They provide a moderate risk level with decent payout potential and can be suitable when aiming to hit the maximum payout limit of a bonus.
Unlike slots of high or medium-high volatility, medium volatility slots ensure that you have enough in your kitty to continue playing for long. This is of course possible provided you place bets of the right size – nothing too big or fancy. A good example of this type of slot is Thunderstruck 2 from Microgaming.
Medium-High Volatility
Players usually love games with medium-high volatility because the win frequency is more and the win value is not the smallest.
Popular medium-high volatility slots include titles like Gonzo’s Quest. The game is fun to play and you win quite frequently.
High Volatility Games
These games pay out less frequently but offer substantial jackpot payouts they do. These games are favored by risk-takers looking for larger rewards. For this reason, they are a top option for players speculating on a life-changing win.
They involve higher risk due to extended periods without a win and are generally not particularly suitable for bonus games as they make it harder to meet wagering requirements. A good example is Immortal Romance from Microgaming, equipped with 5 free spins bonuses.
The Significance of Volatility
Slot volatility significantly affects gameplay and potential winnings. High volatility games can lead to longer periods without wins, while low volatility games offer more consistent but smaller payouts.
Typically, a low volatility game might offer frequent payouts of USD10 to USD20, while a high volatility game could provide infrequent but substantial wins of USD500 or more.
High Vs. Low Volatility - A Comparison
Now you have an idea of the different risk and reward levels of volatility, let’s look at how they compare at the extreme ends with a side-by-side comparison, along with their key benefits and drawbacks:
-
Low Volatility Slots
- Pros
- Small but frequent wins
- Maintains Your Bankroll
- Recommended for Bonus Play
- Cons
- Big wins are rare and unlikely
-
High Volatility Slots
- Pros
- Potential for big jackpots
- One big win can cover wagering
- Cons
- Long Winless streaks expected
- Not the best option for bonuses
The Impact of RTP and Volatility on Casino Bonuses
Considering both RTP and Volatility together when developing a strategy to convert a casino bonus makes a lot of sense. A high RTP paired with a suitable volatility level can enhance the bonus's overall win potential.
Strategies involving a mix of high RTP and low or low to medium volatility could optimize the chances of securing sufficient wins without extended losing streaks. At least, a good number of modest wins often enough to make a profit after wagering
By analyzing these factors, players can also make informed decisions when choosing bonuses, which, in turn, will increase the likelihood of enjoying profitable and exciting experiences with a free casino bonus.
However, in terms of bonus play, it should be noted that casino no deposit (credit) bonuses and no deposit free spins bonuses are not known for their generosity when it comes to high RTP slots.
Here’s how we rate standard levels you might find with a typical no deposit bonus in 2024:
RTP Level | Standard Rating | Accept Yes/No |
---|---|---|
94% or Below | Poor | No |
95% - 96% | Standard | Yes |
96% - 98% | Good | Yes |
98% or Above | Excellent | Yes |
Top Pro Tips for Selecting the Best Bonuses Based on RTP and Volatility In 2024
Selecting the best bonuses based on RTP and volatility involves a strategic approach to maximize win potential.
To help in this process, here are our top pro tips for evaluating bonuses:
Tip 1: Research Slot RTP Values
Look for games with higher RTP percentages. Reliable online resources, like this one here at NoDepositFriend.com, offer game reviews that disclose this type of information. Choose bonuses featuring RTP above 96% for better long-term returns.
Tip 2: Understand Slot Volatility Profiles
Evaluate the volatility of games linked to the bonus. Low and low to medium volatility games are better suited to casino bonuses because they provide wins frequently enough to help you make it through wagering with sufficient profit.
Players may not have the luxury of waiting to land a big win with high volatility games. Moreover, if win caps are in place, as they usually are with no deposit bonuses, then anything above the cap is forfeited, rendering them pointless.
Tip 3: Always Check Bonus Terms and Conditions
Examine the terms associated with the bonus. This will give you all the information you need on game inclusions and exclusions, wagering requirements, and game weighting contributions.
Try to ensure that the bonus allows play on high RTP games and is not tied to excessively high wagering requirements.
Tip 4: Opt for a Balance of High RTP and Low Volatility
You might be limited on the games you can play with a bonus. Under these circumstances, seek games that strike a balance between high RTP and reasonable volatility.
With that said, low - Medium volatility games with a high RTP often offer a good compromise, providing decent payouts without excessive risk. Finding the optimal balance maximizes the chances of securing substantial wins while enjoying a balanced gaming experience.
Tip 5: Try Slots and Games before committing funds
After researching the games attached to bonuses, try a few out to see how they perform. You can do this through demo games or, even better, through a free spins bonus that gives you the chance to win real money.
Furthermore, it offers the opportunity to assess the RTP and the volatility of different slots under the conditions of playing real money games. This provides a better perspective on the best games to play before committing funds.
RTP And Volatility In Action
To demonstrate RTP and volatility in action, let's consider how two popular online slot games compare, albeit with different attributes, regarding their suitability for bonus play:
Game | Starburst | Mega Moolah |
---|---|---|
RTP | 96.1% (Reasonable) | 89% (low) |
Volatility | Low - medium | High |
Our Rating | 8/10 | 6/10 |
Recommended for Bonus Play | Yes | No |
In the above comparison table, Starburst boasts an RTP of around 96.1%. This indicates a favorable RTP over time with low to medium volatility, providing frequent but moderate-sized wins. This represents decent potential.
Contrast this with another popular slot like Mega Moolah. This game has the potential for substantial payouts. However, its low RTP means that it returns much less over time with higher volatility, meaning it pays out less often too.
Starburst, with its higher RTP and moderate volatility, offers consistent but moderate payouts, making it suitable for players seeking balanced wins needed to get through wagering and convert bonuses to win real money.
In short, here are the 3 guidelines to picking slots based on RTP and volatility:
- High volatility games are good options for those with a big bankroll.
- Low volatility games are perfect if you have a small bankroll.
- Regardless of volatility, try and pick games with high RTP values; the safety net is set at 96% usually.
High RTP Slot Game Providers
There are many online slot game providers. However, some are more prolific than others when it comes to providing high RTP slots.
When looking for top slots to play, games from the following providers generally provide higher RTPs and, therefore, better conversion rates.
Here are some of the best slots providers around:
NetEnt Slots
A developer of appealing slots with impressive RTP percentages often exceeding 96%. NetEnt slot games typically feature low to medium volatility, providing a good balance between frequent wins and decent payouts.
Top NetEnt Games include:
- Mega Joker: Classic slot game is well-known for its exceptionally high RTP, which can reach up to 99%.
- Blood Suckers: This vampire-themed slot boasts a high RTP of around 98%.
- Kings of Chicago: Known for its unique blend of slot and poker elements, featuring an RTP that often reaches about 97.8%.
Thunderkick Slots
A developer with a focus on slots with an above-average RTP, commonly above 96%. Thunderkick slot games usually feature medium volatility, again offering a blend of moderate risk and rewarding payouts.
Top Thunderkick slot games to look out for in 2024:
- 1429 Uncharted Seas: This slot game is recognized for its exceptionally high RTP which typically exceeds 98%.
- Barber Shop Uncut: Known for its unique theme and frequently boasts an RTP of around 97%.
- Esqueleto Explosivo: Another popular slot known for its above average RTP, often around 97%.
Play'n GO Slots
A developer with a reputation for creating high RTP games, typically over 96%. Play'n GO slot games present a mixture of low to medium volatility, providing both frequent wins and decent rewards.
- Mystery Joker: This classic-themed slot game typically boasts an RTP of around 96.98%.
- Rage to Riches: Another Play'n GO game is often noted for its high RTP, which can reach approximately 97.12%.
- Wizard of Gems: With its colorful design and gem-based theme, this slot game offers an RTP of around 96.66%.
RTP Percentages In Roulette
Roulette has different RTPs, depending on which version of the game you play and what sort of bet you place. For example, the RTP will change dramatically when you bet on a single number instead of placing a side bet, as the odds of these outcomes are very different.
European Roulette has an RTP of 97.3%, while American Roulette has a significantly lower RTP of 94.74%. This difference has to do with the additional zero that is found in American Roulette, which effectively increases the house edge significantly and alters the odds of each outcome. In other words, you have a much better chance of winning on European Roulette.
To calculate the RTP of European Roulette, you must look at the probability of winning. There are 37 numbers in total on the wheel. Leaving out the zero, this means there are 18 numbers of each colour, and winning a bet on colour pays two times the bet.
Therefore, to calculate the game's RTP when you bet on numbers, you apply this formula:
18 (numbers of each colour) * 2 (pay-out) = 36 / 37 (total amount of numbers on the wheel) = 97.3%.
RTP Percentages In Blackjack
As Blackjack rules may vary from one casino to another, RTP percentages differ as well. However, generally, a player using a basic Blackjack strategy can expect an average return of 99.5%.
When it comes to Blackjack, the RTP changes as the game progresses due to the fact cards are continuously leaving the deck. Depending on which cards are left in the shoe, the RTP may range from 95% to 102%.
Card counters try to benefit from this fact by counting cards and estimating the RTP. They will then look to place high bets when they believe the RTP has risen above 100%.
Understanding The RTP of a Betting System
If you want to play smart, you must distinguish between the RTP of a particular game and the RTP of your chosen betting system.
A betting system is defined by how you manage stake and variance during a playing session to reach a specific goal. It also factors in which games you play and the decisions you make about when to stop playing.
To calculate the average return of a betting system, you compare the ratio of overall winnings of players who achieve their goal to the net losses of those who do not.
Many players use winnings from a previous round in their next bet, and although this might seem like a 'safe' strategy, statistics show the opposite.
The optimal betting system is one which has an RTP almost identical to the specific game you are playing. To achieve such an RTP, you cannot merely bet your previous winnings.
Theoretically, the best option is to bet your entire budget in one round and then keep betting all-in until you either lose your entire bankroll or reach your goal.
Here is an example of how to implement a betting system:
Assume you have $100 to spend on European Roulette and that you have decided to stop playing when you have a bankroll of $900. In this instance, your best option is to bet your entire budget on a four-number combination which has an 8 to 1 return. You might lose your entire budget; however, there is a 10.8% chance you achieve your goal – and those are rather good odds!
How Variance Affects a Betting System
To demonstrate how a game's variance can alter a betting system's RTP, we have conducted a series of tests.
In our experiment, we simulated a scenario where two players played European Roulette. The experiment assumes both players have a $100 budget and that they will stop playing when they have a bankroll of $500 or more.
To clarify, in this experiment, 'a win' is defined by a player achieving a total bankroll of at least $500.
The players proceed to place bets with different variance:
- Player A bets $10 budget on a number. This is a high variance bet with a return of 36 to 1.
- Player B places bets on colours which has a low variance of 2 to 1.
To simulate what would happen, we ran a vast number of simulations which yielded the following results:
- Won 14.8% of all attempts
- Played an average of 16 rounds
- Had an average win of $648
Subtracting the initial stake, this gives the player a net win of $548.
To calculate the RTP of Player A's betting system, we must calculate the ratio of net wins to net losses:
- Net wins of $548 x 14.8% = 8,110.4
- Net losses of $100 x 85.2% = 8,520
8,110.4 (net wins) / 8,520 (net losses) = 95.19%.
Player A's betting system proved to have an RTP of 95.19%.
The same test revealed that Player B only won 5.15% of the attempts. The player also reached an average bankroll of $500 and achieved a betting system RTP of 21.42%. However, Player B did play an average of 247 rounds, meaning the player got to spend a lot more time playing.
How Bet Size Affects The RTP of a Betting System
In casino games, win amounts are always a multiplication of your stake. Therefore, your betting system's RTP is also affected by the bet size you are playing with. The larger your bets, the higher the RTP of your betting system – at least generally speaking.
To show you what impact bet size may have on your betting system's RTP, we have conducted another test, similar to the one we have previously discussed.
Two players play European Roulette with a $100 budget, intending to stop playing when they have reached a bankroll of $500 or go bust.
The two players use slightly different strategies:
- Player A bets $20 per game round.
- Player B bets $5 per game round.
- Both players bet on colour.
After having simulated one million instances of Player A's strategy, we found that this player reached the $500 target in 10.9% of all attempts. The player played an average of 84 rounds and achieved a betting system RTP of 48.68%.
Player B, however, only reached the $500 goal in 0.88% of one million game rounds. The player played an average of 706 rounds and ended up with a meagre betting system RTP of 3.55%.
The lesson learned from this experiment is clear – you do get to play a lot longer when betting smaller amounts on low variance bets; however, your odds of winning substantial amounts are significantly reduced.
On the opposite side of the spectrum, we have high variance bets with large stakes. To demonstrate the impact of such a strategy, we ran a similar test in which we assumed a third player placed the entire $100 budget on a one-number bet.
After having simulated one million rounds, we found that the player would win 2.7% of the time. However, when successful, this strategy yielded a massive $3,600 win which resulted in a betting system RTP of 97.4%.
How To Find The Best Betting Strategy
As we can conclude from the given examples, a profitable betting system needs to consider the odds of achieving a particular win and the win's size. It also needs to take into consideration how much time you intend to spend playing.
In the table below, you can see the results of different simulations we have made. These simulations assume you have a $100 budget, and that your goal is to stop playing when you have a bankroll of $500 or more.
Looking at the table, you will see the RTP of a particular betting system change as bet size and variance are altered. When it comes to Roulette, you adjust variance by changing the kinds of bets you place. If you play slots, variance will vary depending on which game you choose.
Bet Size | $0.5 | $1 | $2 | $5 |
---|---|---|---|---|
Number | 9,55% x $505 | 13,9% x $511 | 16,15% x $522 | 16,7% x $555 |
RTP 42,76% | RTP 66,35% | RTP 81,27% | RTP 91,21% | |
3832 rounds | 1083 rounds | 292 rounds | 52 rounds | |
Color | 0% | 0% | 0,0015% x $500 | 0,88% x $500 |
RTP 0% | RTP 0% | RTP 0,006% | RTP 3,55% | |
7399 rounds | 3698 rounds | 1850 rounds | 706 rounds | |
Number | 14,8% x $648 | 12,8% x $760 | 5,33% x $1 825 | 2,71% x $3 600 |
RTP 95,19% | RTP 96,88% | RTP 97,12% | RTP 97,40% | |
15,9 rounds | 4,73 rounds | 1,97 rounds | 1 round | |
Color | 5,13% x $500 | 10,85% x $500 | 15,94% x $500 | 17.9% x $500 |
RTP 21,62% | RTP 48,68% | RTP 75,85% | RTP 87,21% | |
274 rounds | 84 rounds | 15 rounds | 3 rounds |
As you can see in the table above, high variance bets on numbers have a much higher betting system RTP than low variance bets on colour. In a slot game, this means your betting system RTP would increase if you played highly volatile slots.
If your goal is to spend a bit of time playing and have good odds of winning, we recommend you choose a high variance game and place relatively small bets.
Final Thoughts And Conclusions
Selecting games with higher RTP values and balanced volatility ensures not just better odds but also a more engaging and enjoyable bonus game experience.
Applying the knowledge available in this guide on this page provides players with the opportunity to navigate and select casino bonuses more effectively. This increases the chances of securing enough wins to convert a free bonus into real money that can be withdrawn.