How useful can live RTP be in gambling?

[Mahiyammahi]

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?

[Mia Chloe]

~snip

Well it's pretty much like a mathematical estimate of your winning chances so it doesn't really dictate how much exactly you win or lose. A player within that same period could make 10 plays and lose all 10 and and in contrast another could make 10 plays and win 9 out of 10.

Also it's another way casinos try to show you that they are provably fair and the RTP isn't really fixated on them winning only so personally I don't fancy playing according to those numbers because in the end it still depends on luck.

[CryptoHeadlineNews]

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?

Having a live percentage of the RTP that is been displayed to gamblers on a casino is actually an impressive feature, but one thing gamblers need to understand is that fact that such feature will not automatically makes you win more then you ought to have won. Because it's no doubt the longer you play a slot game, the more you are likely to hit a jackpot or any reasonable good amount of money. But don't also forget that the longer you play a slot game on the same casino, the more you are competing with the millions of gamblers on that same casino who are also fighting for a share of that 46% that is been given back to gamblers. Hence, you should know that displaying the RTP live on a casino doesn't change anything.

[Findingnemo]

It is not useful at all to an individual and it is definitely plays a negligible role with the single bet, even if you see the live RTP it doesn't mean the returns are for you, it is for every active player combined at the moment so if you are seeing 46% RTP means 46 players out of 100 players are winning but those are pretty low RTP as far as I know, even the RTP of 92% is considered low among the regular players.

So you can't really adjust your gameplay based on the RTP because it is adjusted based on the outcome of your bets.

[hyudien]

While direct RTP is appealing, it's not a magic bullet for winning. However, it can indirectly manipulate your psychology. You might be tempted to keep playing if the RTP is at a high percentage (which the casino wants). That's what I felt before, before fully understanding how RTP actually works. Ultimately, luck always plays a bigger role in casino games.

[Agbamoni]

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

The live RTP will change gambling habit of people who desire to have a change in habit from bad to good. With live RTP, its clearly showing your chances of winning. This means if the RTP is low, there is no need to keep playing to win, stop and come back when the live RTP is high. Well, ive never gambled during a live RTP displaying on my screen. I do not know if I can trust the casino when seing live RTP.

[mirakal]

That really helps a lot for gamblers who want to feel more confident while gambling, because if they see that the RTP is favoring players, they might think gamblers are actually beating the house during that certain period. I’ve also seen that feature in other casinos, but when I tried gambling, it still felt like nothing changed because I still lost anyway. But that was just my own experience.

Still, it’s a good thing to have, and it would be nice if more casinos offered that kind of feature, because those stats can still be useful somehow.

[Fivestar4everMVP]

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, I've not seen or never seen a casino display live RTP while gambling but I guess this feature will be super interesting if casinos will start or introduce such feature, and I think it will change some gamblers gambling habit because if the RTP is not stable but adjusts from time to time to better favour either the casino or the player, then several gamblers who understand how this works will definitely have to start choosing when to gamble and when not to.

That is, they will only gamble when the RTP readings is in their favor and not in the favor of thy casino, this is to better their chances of winning high and significant amount of money..
But on the other hand, i do not think all casinos will introduce this live RTP feature if actually how it works is exactly how I understand it, this will simply means that the casino is indirectly giving the gambler expos which if the gambler understand, he or she can use this to better their chances of staying in profit.

[yahoo62278]

Showing live RTP doesn't mean your next spin will win and it doesn't mean your next spin will lose either. You're just being shown what the game you're playing is currently doing and it in no way influences what the next spin will do. I think you are just letting it confuse you IMO. All spins are independent of the next. You could spin into 5 bonuses in a row and you could lose the next 2 0 bets, it's random.

[Dr.Bitcoin_Strange]

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

This can not change a gambler's habit because it's not a strategy that can make winning more consistent, the losses that one might encounter while playing will definitely remain the same whether the live RTP is shown or not. Many things can change a gambler's habits, such as repeated losses can make the player to either be compulsive or responsible and embrace good risk management.

[Altryist]

 I've never paid attention to this, I think it's another move by the casino to show loyalty to its customers. However RTP doesn't apply to individual players, but to how much the casino pays out overall, so I don't think it's worth paying attention to. Maybe they have algorithms that can display different values ​​at different times, but 46% seems too low, because they list over 90% in the descriptions for each game. I don't know how this works, and I've never looked at this value live.

[mikel_012]

This is just a statistical data to show you if you are doing good or bad until so far

Just because you see 46% RTP does not mean it will stay like this, or if it will increase or decrease. Better to see the general RTP of all games so you decide one that pays better instead of bleeding you slowly with bad odds.

I've never paid attention to this, I think it's another move by the casino to show loyalty to its customers. However RTP doesn't apply to individual players, but to how much the casino pays out overall, so I don't think it's worth paying attention to. Maybe they have algorithms that can display different values ​​at different times, but 46% seems too low, because they list over 90% in the descriptions for each game. I don't know how this works, and I've never looked at this value live.

I don't understand why anyone would play in a game like this knowing you only receive 46% back of what you spent. Don't we have better casinos with higher RTP and lower house edges?

[Don Pedro Dinero]

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

It’s useful for someone who really understands how the system works; that way, they can see the discrepancy between short-term results and the actual RTP, which is based on large samples. But for most people, it will only cause confusion, and if casinos include it, it’s because it benefits them.

I've never paid attention to this, I think it's another move by the casino to show loyalty to its customers. However RTP doesn't apply to individual players, but to how much the casino pays out overall, so I don't think it's worth paying attention to. Maybe they have algorithms that can display different values ​​at different times, but 46% seems too low, because they list over 90% in the descriptions for each game. I don't know how this works, and I've never looked at this value live.

This is a clear example of what I just said about confusion.

This is just a statistical data to show you if you are doing good or bad until so far

Just because you see 46% RTP does not mean it will stay like this, or if it will increase or decrease. Better to see the general RTP of all games so you decide one that pays better instead of bleeding you slowly with bad odds.

<...>

I don't understand why anyone would play in a game like this knowing you only receive 46% back of what you spent. Don't we have better casinos with higher RTP and lower house edges?

More confusion. The first part of what you're saying contradicts the second. You're right about the first part, but not the second. The fact that you're only getting a 46% return on a game that, let's say, has an RTP of 98% just means you've had bad luck with the results you've gotten so far, but if you keep playing, your RTP will gradually get closer and closer to that 98% over the long term.

[viljy]

This is not useful at all for a gambler. It's just a marketing ploy towards the openness and transparency of the casino. In fact, the slot simply shows the RTP over the past short period of time (perhaps over the last few hundred spins, in a word, a statistically small sample). This does not bring any meaningful information to the client. The very essence of RTP is that this indicator makes sense only on large numbers (hundreds of thousands of spins).

[bitbollo]

Probably this is also an heritage of the past, or physical casino.
It was pretty common to see gamblers trying to find a "slot that has to pay" or waiting the right moment to hit a jackpot.
As @viljy and many others have say correctly, RTP is mostly a marketing item no more nor less.
In any case, couldn't be out of certain values otherway no one would play, or in the worst they could try to exploit the casino/other players.

[maydna]

Not much effective for me as I don't check RTP too often. But if I confuse choosing the slot game, I may check RTP and choose the low. But that is not guarantee the return will be good for me as I still depend on luck.

Be careful if your habit changing slowly, that could makes you stay longer than usual and may trigger more losses as you could want to recover your losses and effective or not, gamblers will still choose their slot game and try to wins.

[lionheart78]

I do not think that there is much advantage in live RTP.  It simply shows the percentage of gamblers who are currently winning.  High live RTP means there are more people who are winning in the current session while lower RTP means there is less wins than expected.

Having 500% RTP does not make us win every spin, it is not a reliable as indictator of winning chance.  Worst, we might see 1000% liveRTP but we still end up losing our bankroll.

[Upgrade00]

You could be experiencing confirmation bias, seeing patterns in relation to the rtp estimate given cause you are actively looking for them when it could have just been a regular spinning experience otherwise and this can lead you to keep chasing wins that you feel are just around the corner due to the RTP calculations you're getting.

What's most imortant is the casino being provably fair and transparent with their model.

[junder]

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

Whether it actually makes a difference or is useful or not I don’t play by fixating on the RTP. Quite often, I find that some casinos display that information, but since I don’t care about it, I just ignore it and play however I want while waiting for luck to be on my side.

For some people who believe in it, that’s their prerogative and my friend is like that he says that a good RTP value will easily lead to wins.

However even so, I still think luck is the main factor that plays a major role in determining the final outcome.

[Free Market Capitalist]

Useful? Quite the contrary. It's BS actually.

I do not think that there is much advantage in live RTP.  It simply shows the percentage of gamblers who are currently winning.  High live RTP means there are more people who are winning in the current session while lower RTP means there is less wins than expected.

It's just like that.

Having 500% RTP does not make us win every spin, it is not a reliable as indictator of winning chance. 

When you mention a 500% RTP, I assume you're referring to the 500% live RTP—that nonsense concept they use.

Worst, we might see 1000% liveRTP but we still end up losing our bankroll.

It’s even more likely. If you’re playing a game with a real RTP of 97% (not that “live” BS concept) and that “live” BS concept shows you’re getting a 500% or 1,000% return, what a lot of people who have no clue about this will think is that they’re on a winning streak, and they’ll end up losing it all. It’s actually the opposite: if the RTP is 97% and you’re seeing a 1,000% profit, you’re most likely about to start losing. The bigger the difference between the actual RTP and the BS “live” concept, the more likely you are to lose.