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Hey guys :)

I guess most of know what are RTP, volatility and hit ratio in casino games? If not or you want to know more, here's a short overview.

Using RTP and volatility percentage, you can get a good idea on how much you can possibly win over the course of the game.
Understand how to use RTP and volatility to your advantage in choosing the best games for you.

To have an idea on how high a game’s payout percentage is, you can check its RTP. It stands for ‘Return to Player’ which is how frequently
you can possibly win payouts over the long term when you play the game. Every casino game—table games and video slots—has its own
RTP based on the game’s Random Number Generator (RNG).

RTP is considered to be subjective because all this information is based on RNG used in casino games. This means all wins are randomly
generated and outcomes are unpredictable. Due to all games being won by RNG, it keeps the gaming experience fair for all players.

It is important to remember that RTP is a theoretical value. It is not absolute and will vary from one session to another. Some players will
win back much more than 96% of their money whilst others will win back much less. But overall, over millions of spins, the game will hit it’s
programmed RTP value.

Examples of casino games with high RTPs in Bitcasino:

Bombay Club Blackjack = 99,29%
Jackpot 6,000 = 98.9%
Texas Hold’em Poker = 98.9%
Jokerizer = 98%


Play it safe or dare to take the risk with volatility

When taking a game’s volatility into consideration, you are deciding whether you win payouts frequently but in small amounts or it might take
a long period until you receive huge payouts. There are usually three modes it can be set to: low, standard, or high. Some video slots allow you
to choose what type of volatility you want to play in.

Casino games with low volatility are ideal to play when you are a beginner at casino games. There is less risk when you play because you can
win frequently, but your wins come in small portions. On the other hand, you can also choose to play in high volatility mode. In high volatility,
you can win a huge payout but it will take a long period of time before it occurs.

Examples of casino games with high volatility:

Western Gold
Buffalo Hunter DX1
The Apocalypse Quest


What is hit ratio in slots?

Hit ratio refers to how frequently you are expected to stop on a winning combination. For example, if a slot has a 50% hit ratio,
it will pay out 50% of the time. Slots with a low hit ratio are said to be ‘tight’ because there will be quite a number of non-winning spins,
whereas a quick hits slot is deemed to be ‘loose’.

However, the slot hit ratio is not an indicator of how big your slot wins will be. You could have a very high hit ratio, but if the wins come from
lower-value symbols, the payout can even be smaller than your original stake. This is why the hit ratio should never be the decisive factor when
it comes to choosing a slot; volatility and RTP are equally important, if not more.

Slot hit ratio and volatility are related terms, but volatility says something more about the nature of the payouts. Slots of low volatility will typically
have a high hit ratio but will pay out smaller amounts on each of these hits, whereas slots of high volatility will normally have a lower hit ratio but
will reward you with much more when you land on a win.

Examples of casino games with a good hit ratio:

Reactoonz
Gold Factory
Gonzo’s Quest

PS. These also have decent RTPs.


How you play the games lies with you

Now that you know how RTP, volatility and hit ratio work, you can now decide how you want to play games. It can vary for everyone, so you can
experiment which style suits you more by playing any of the casino games. By trying out new games, you can open yourself up to a whole new
genre or type of game. In Bitcasino you can check the RTP, volatility and hit ratio in every slot. Just open the game and you will see the statistics
below the game.

Do you check the RTP, volatility or hit ratio before you start playing? If so, which games are your favourites?

Cheers,
Karl
Bitcasino.io

I don't check about RTP, volatility or hit ratio. I never know if that exists ;D

I don't know why gambling can be complicated to understand because, as far as I played on the gambling games, I only know about how to play. I don't learn about specific strategies or used other people's strategies to win, and even I don't think too much about the thing you mention. Most people don't check the RTP and other things because they only want to play gambling, enjoy the time, and if they win, that is because they have luck. Nothing more.

Some say that if we think too serious about gambling, we will spend so much time getting what we want, but we might forget why we play gambling.

For more detailed information:

Slots 101: Basics, Strategies, and Discussion (with poll) (https://bitcointalk.org/index.php?topic=5249415.0)
Slots 103: More In-Depth about Return To Player (RTP) (With Poll) (https://bitcointalk.org/index.php?topic=5268333.0)

Anyways, the hit ratio is useful information if gamblers want to vary their bet. Let's say with the hit ratio of 20%, 1 hit out of 5 spins on average, gamblers can increase their bet after x no-hit spins. Let's say after 10 no-hit spins, next spin "would likely" hit something. However, keep in mind that 0.1x "win" is also considered as a hit. lol

It's very interesting to see that players use different methods to win in gambling and online casinos. As for me I go for mainly two things :

1. Games that require a lot of skills eg: black jack
2. Games that have good outcome in terms of probability

But I do believe that using your methods one can very easily add another third in the list.

But mostly it's just for fun and sometimes you are just using slots and don't even remember how many bets you made :P


Yes , that's something very important too , but now a days I have seen casinos which are trying to evade the hit ratio and it's most likely luck by chance when you hit something high.

My favorite ones at the moment are the live casino games, I pay less attention to the live RTP since you could easily bring down the RTP with one wrong move if you're at the last seat of the table. My options are limited for slots but I always go for the ones with higher RTPs in the last 24 hours since I play with the 10-20 free spins rewards. The multipliers are low but I hit at least 40-50% of the time which I don't mind since they're free anyway.  :D

Past hit ratio has minimal impact on the probability and shouldn't be used by player in the strategy. With 20% hit ratio, 11th bet will still have 20% winning probability no matter if you won or lost the previous 10 bets. Rather than deciding the wagering amount by comparing the percentage of historical wins with the hit ratio, it is better to choose 'wagering amount' based on how much you won/lost in last 10 bets. It is smart to increment bet with every 'n' amount lost and decrement with every 'w' amount won.

Briefly speaking, your bet size should depend upon the amount you won or lost so far rather than the number of bets you won or lost.

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Nice threads, never noticed those before. Currently out of sMerits, will give some in future. ;)

Actually, I don't think the RTP is that important. What the differences in it indicate and whether you are going to lose more or less in the long run but the important thing is that you are going to lose.

If you play just to win money, you shouldn't really play because the more you play, the more likely you are to lose money (I mean the total amount of money bet - the total amount won).

If you play for entertainment, a difference of 1% in RTP is not relevant. You may like the software of a casino that has a lower RTP, for example, and the small difference in money you will lose in the long run is not as important as the better experience that casino provides.

Yep, it's for superstitious slots players anyway. But the matter of "should" or "shouldn't be used" is relative. Information including hit ratio and hot/cold state is one of the FUN aspects of the game. Depending on your view about gambling, is it for fun or profit. If it's for profit, you might be better off doing something else (e.g., real work or investment) as no strategy will work in chance games.

It affects playtime as less RTP means fewer spins on average (and slot players usually spins a lot in one session).
Somebody already calculates with the reduction of 1%, let's say 96% to 95%, expected spins would drop from 2476 to 1981 (https://bestnetentcasino.info/en/blog/different-rtp-numbers-in-playn-go-slots).

Thanks for useful information! Even though RTP will not tell a particular player how their loss or win streak will turn out (obviously), it's a useful parameter to assess before trying out a game and deciding the bet amount.
I'm wondering whether anyone introduced a probability built-in calculation for poker. In poker, it's important to assess how lucky you are to have a particular combination and what are the chances that someone has a better one. I guess it could be a useful innovation if a player could see these odds while playing. But maybe it's hard to implement.