How useful can live RTP be in gambling?

[Fortify]

Those of us who gamble, especially those who play casino slots, are all familiar with what RTP stands for Return to Player.
Recently, I saw a casino displaying “Live RTP.” I found it a bit interesting. Because when we play games, we don’t always get the same results sometimes we get good spins, and sometimes we only lose on one bad spin after another.

I noticed that the live RTP was updating in real time, and while I was spinning, that data was affecting my experience to some extent. Out of curiosity, I tried a few games, and it seemed that the game’s performance matched the displayed RTP.
For example, when I was playing “Gates of Olympus Super Scatter,” I saw that the live RTP was about 46%. And to be honest, my spins were also going pretty badly, and I was getting very low returns.

So I’m wondering how effective is this live RTP thing?  Do you think it can actually change our gambling habbit?

Well it's a simple explanation of how fast the casino is going to take your money, it's nothing more complicated than that. The closer it is to 100%, the more frequently it is going to let you win or the bigger wins will happen when they hit. It can be manipulated in that sense, but just remember that casinos prefer you to be a long term and repeat customer, rather than just blowing through one months salary in a single session. If they can take 10% of your salary each month for a year, that is a more profitable customer to them. It's effective if it is enforced by a fair enough randomizer, but that is where the true questions start to come in because they might programmatically adjust for wins because a real randomizer (not the fake imitation casinos offer) could go against casinos in an unlucky streak.

[StarenseN]

So far I have never seen a casino that displays RTP live, on average I only see it on the RTP display as usual and not broadcast live, but I have tried playing while continuing to pay attention to the RTP, I found that sometimes, as you said OP, the game performance runs quite well and is in accordance with the RTP percentage, but I also found that when playing in a type of game with an RTP above 90% but the game performance is very bad, my balance only lasts for a few minutes and eventually runs out, from there I can conclude that the RTP does not always match the game performance.

I'd say anything less than 95% RTP is a trap and likely going to result in losses more often than not. Most original games operate at 2% house edge, which means the RTP is 98%, and some games even 1%, hence RTP 99%!

Slots are usually 3-5% edge and so 95-97% RTP. But I'd also add that there is no way to verify the RTP for slots because they don't work on a provably fair model so all those RTP numbers are just theoretical and don't mean much. Perhaps volatility is another factor you should consider because providers like Hacksaw and NoLimit are highly volatile in general, while Pragmatic Play is low volatility.