Casino Games RTP Report for August, 2023

What is RTP?

If you’re new to online gambling, it would be of great use to get acquainted with the basics of how slots and other games work. The ultimate goal of algorithms embedded in each slot clockwork is to make your gaming experience feel randomized and rewarding at the same time.

Return to player is one of the few statistical tools available for the players who want to estimate the mathematical probability of winning at slots. In the simplest terms, this is a percentage of money a hypothetical player would get back if they spun the reels infinitely.

To give you a clear understanding of the subject, let’s take the Red Dog Casino RTP list and sort it by RTP rates. Suppose that this month The Three Stooges is the game with the highest return to player figure - a whopping 109,5%, which, in theory, means that for each $100 you deposit, you’d get $109.50. However, in practice, a player who decided to focus on The Three Stooges exclusively can end up with a way more or a way less impressive outcome compared to the base RTP indicator - let’s see how it works in more detail.

How is RTP Calculated?

The more popular the game, the more accurate the RTP statistics. Building on our previous example, let’s say The Three Stooges has relatively low popularity, with only 485 rounds played (this refers to the number of spins players made). While that doesn't mean you can't win big in this game, the chances of doing so are extremely vague - in other words, your luck is not backed up by statistical data.

Let’s find something more mathematically reliable. To do so, we sort our best RTP slots at the casino by the number of rounds - suppose that now you have Cash Bandits 2 on top, with a much higher spin count allowing for precise maths to take place. Let’s say the number of rounds on Cash Bandits 2 is approaching 3 million, and the RTP indicator equals 97% - this is a much more reliable figure allowing the players to take calculated risks.

Red Dog publishes a monthly list of casino slots with highest RTP, which provides an extensive pool of data that you can use to your advantage - read the next paragraph for an illustrative mathematical breakdown of RTP equations.

How RTP Works

Now that you know how to identify a reliable RTP figure, it’s time to figure out how to estimate your chances of hitting the jackpot properly. To do this, we address the highest RTP casino games at Red Dog once more:

Suppose you bet $1000 on two different games. Let them be Wild Hog Luau (this game has consistently shown high RTP rates, we’ll round them up to 98%) and Keno (usually has relatively low RTP of around 61%);

- In the case of the former game, you can potentially lay your hands on $980 ($1000 x 0.98);

- With the latter, you can only expect $610 in winnings ($1000 x 0.61);

It seems there is not a single reason to play Keno when you can count on a much more lucrative payout with the other game. However, if we sorted our top RTP slots list by the biggest win parameter, we would see Keno proudly occupying a place somewhere in the top 5 with a jackpot amounting to $45000-50000, while Wild Hog Luau would be far behind with the biggest win of around $2000-3000. The main takeaway here is that to win big, you have to take big risks, which brings us to the concept of volatility.

RTP and Volatility

Volatility variance is a term that describes the consistency of how a game pays the player against its RTP (remember, we are dealing with mathematical predictions here). Some games with a reasonably high RTP can still offer dissatisfying win rates due to their high volatility.

Red Dog doesn’t publish volatility ratings, as they are only available to the games provider (RealTime Gaming). Nevertheless, it’s possible to identify the titles with high volatility variance by studying the statistics at hand. The surefire signs of high volatility are:

• - a big jackpot (compared to other games);
• - huge bonuses and free spins;
• - rare or non-existent small rewards (less than $1);

Our previous example with Keno and Wild Hog Luau is a perfect depiction of the principle. If you’re aiming for big wins, the first game gives you such an opportunity in the long run. If, however, your main focus is on moderate and frequent payouts, go for the second one. The probability of hitting pay dirt on a small deposit in a highly volatile game is minuscule.

RTP and Jackpot Slots

With volatility in mind, let us take a closer look at how players should approach bonus offers that Red Dog often hands out for slot games. A quick reminder: it’s strongly recommended that you pay due attention to the terms and conditions that come with each offer - there’s no better way to avoid misunderstandings between the player and the casino.

Every deal comes with a wagering requirement you need to meet before you can withdraw bonus funds. If, say, you opt to redeem a $300 offer, and a 40x multiplier is applied, it simply means that you need to wager $12,000 (300 x 40). By choosing the highest RTP casino slot machines, you have a better chance of claiming the extra money without ending up in a loss.

However, in order to balance the potential winnings, the players can expect from different games, most online casinos, including Red Dog, modify the rates at which games interact with wagering requirements. This is the way it works:

• - a game with an average RTP of 98% and a 30% contribution to your wager of $3000 can potentially result in a $200 loss for the player ((2000 / 0.3) x 0.02 (house edge));
• - a game with a 96% RTP value that gives 100%, on the other hand, with the same $3000 at stake, is hypothetically more lucrative with only $120 in potential losses ((3000 / 1) x 0.04));

The bottom line here is that the terms for each particular bonus offer are paramount when deciding on your winning strategy. So, now that we have it clear, let’s briefly explain what a house edge is.

RTP and House Edge

House edge is closely tied to RTP and is a feature that allows casinos to be profitable. There is literally not a single online gaming platform that wouldn’t have it. So instead of searching in vain, focus on how you can include the house edge factor in weighing up your gambling tactics.

As we said before, all slots are mathematically balanced in terms of volatility and bonus offers. This means that the highest win rate casino games would have the lowest house edge (just subtract the RTP rate from 100%, and the remaining percentage is what you’re looking for). But, again, such titles are far less rewarding in terms of payout, so the choice is up to your gambling appetite - just don’t expect frequent small wins from the games with a significant edge.

RTP and Winning Frequency

Hit frequency is the indicator of how many times the chosen lucky combinations repeat within a gaming session, and is not to be confused with RTP. The player bets on a certain number of paylines, and the algorithm, built into the game, randomizes the frequency of symbol combinations appearing on your screen. Often, the terms “loose” and “tight” are used to describe the games that are respectively generous or modest in terms of timely reel stops.

By expanding the payline selection, you basically increase the statistical probability of symbols lining up “properly,” but not the amount of money you can put in your pocket. This is why you won’t find a hit frequency column in Red Dog’s RTP list of online slots - this parameter can be easily deduced from the “biggest winners” column and by looking at the jackpots offered by each title. To support our previous points, it’s natural to expect underwhelming hit frequency from the games with a relatively small RTP and vice versa.

All things considered, the RTP rating featured on this page is of great assistance when it comes to playing with awareness. Hopefully, this article will help you grasp the prerequisites of building the winning strategy based on RTP, volatility, and winning frequency. So enjoy your stay at Red Dog Online Casino and risk consciously!