How useful can live RTP be in gambling?

[Cointxz]

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

AFAIK it only measures the current performance of slot games based on the total wager and win for that specific slot games. It’s just a representation to determine what slot is cold or hot but it doesn’t mean that the game itself will perform the same way if you play it since each game on slot is pure random and independent to each other.

It’s a good tool if you believe on hot and cold slot games because you can have a filtered slot games that you can choose based on your preference.

But in reality, it doesn’t reflect what will be the outcome of your future spin.

[Betwrong]

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

Sometimes I enjoy playing slots with live RTP. I imagine myself staying in slot section of a Las Vegas casino and watching which slot was delivering less than others for the past time. Only it's better because it saves me several hours watching by showing slots with the lowest RTP for the past 24h. I try to play on slots with less than 5% live RTP. I think: "Thank you, guys, for playing instead of me! Now when it's time for a slot to deliver, because it's real RTP is 95%, I will play." Sometimes I win 1,000% or more on those slots, other times I don't. Of course, I understand that in purely luck-based games like slots, previous events have no impact on the future, but sometimes I like to just forget about that and have some fun.

[danherbias07]

This is good and may also be bad. Why? Well, it increases our expectations and I don't think that's a good thing. It will make a gambler mad and may cause harm to himself in the process.

The good side is the transparency of the RTP. Some gamblers might like watching their RTP go up and knowing something good might happen anytime. Still, it takes out the surprise os the game which will probably make a gambler get bored easily.

[mikel_012]

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.

I was talking about games that show the overall RTP which include many days of gambling, not the live RTP

If a game has a RTP of 46%, it will converge to this value in the long term.

If the RTP is 98% but the live RTP is at 46% then what you said makes sense because your good bets will arrive sooner or later because of the probability of increasing the percentage.

[Beparanf]

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

Sometimes I enjoy playing slots with live RTP. I imagine myself staying in slot section of a Las Vegas casino and watching which slot was delivering less than others for the past time. Only it's better because it saves me several hours watching by showing slots with the lowest RTP for the past 24h. I try to play on slots with less than 5% live RTP. I think: "Thank you, guys, for playing instead of me! Now when it's time for a slot to deliver, because it's real RTP is 95%, I will play." Sometimes I win 1,000% or more on those slots, other times I don't. Of course, I understand that in purely luck-based games like slots, previous events have no impact on the future, but sometimes I like to just forget about that and have some fun.

This is the typical cold slot hunting which I like too. I first saw this method on physical casino from veterans slot players hunting a slot machine that recently use without payout because they think the machine will son payout after acquiring enough cash from previous player.

I don’t believe on the accuracy of this method slot games use RNG to determine the result of the game which means other rounds played will not gonna affect the next spin regardless if it’s more on losses but I do this method for the sake of enjoying the game by blindly following a myth.

[KiaKia]

Sigh, you people just keep bringing something that will never be a solution to winning and losing in gambling, what will RTP do? Makes you win? If you are the first one seeing it now that's on you but many still lose money both ways.

It's not hard to accept that gambling is all luck, high number of people have tried so hard to find a way to win more as a gambler, it worked for a while but not for long, they still lose money.

Even if your probability of winning has increased it still doesn't guaranteed that you will win, many have tried and they have the unexpected answer.

[iv4n]

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

Interesting topic, and as you can see, some people like to chase cold slots with very low RTP in the past 24h... some people like to go with higher RTP at the moment of playing. In both cases, players expect to win... and it's not good to expect much when you plan to play slots.

There's nothing that can be "useful" in slots... We simply need to press that spin button, and we will see. Normal spins, bonus or super bonus buys, spins with some boosters activated... low/high RTP, low/high volatility... press that spin button and you will see how lucky you are. That spin can be dead or can give you something... Hope for the best, expect the worst!  

[panjul07]

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

Effective or not will be depending on our faith LOL, if we like to use this live RTP feature to choose which game to play without looking at other things, it can be a trap.
I used to use live RTP but that's not enough for me to decide which game to play because I need to monitor it for a while first before deciding to play the game or not.
For example, a live RTP of a game is 200% or even 300% or even more, it will not attract me to play game straight away because I will wait for more minutes.
If the live RTP starts to drop, I will not play the game but if the live RTP is still increasing I may consider to play the game (at least trying).

[TedMosby]

IMO, RTP is just a psychological number for marketing purposes.
The moment your spins run badly with low returns is just a coincidence, I think. RTP doesn’t mean your chance of winning.

Let’s use 10% and 100% RTP for example. Imagine the scenario like this...

RTP 100% - circulating money $1,000,000, 1000 players.
Scenario: 900 players lose, 100 players get $10,000 each.
The RTP is 100%. $1,000,000 back to players.

RTP 10% - circulating money $1,000,000, 1000 players.
Scenario: 500 players lose, 500 players get $200 each.
The RTP is 10%. $100,000 from $1,000,000 back to players.

See the difference? It shows that RTP doesn’t directly reflect how often players "win", but rather how much is returned overall.

CMIIW.

[Betwrong]

IMO, RTP is just a psychological number for marketing purposes.
The moment your spins run badly with low returns is just a coincidence, I think. RTP doesn’t mean your chance of winning.

Let’s use 10% and 100% RTP for example. Imagine the scenario like this...

RTP 100% - circulating money $1,000,000, 1000 players.
Scenario: 900 players lose, 100 players get $10,000 each.
The RTP is 100%. $1,000,000 back to players.

RTP 10% - circulating money $1,000,000, 1000 players.
Scenario: 500 players lose, 500 players get $200 each.
The RTP is 10%. $100,000 from $1,000,000 back to players.

See the difference? It shows that RTP doesn’t directly reflect how often players "win", but rather how much is returned overall.

CMIIW.

It's a very good observation. Indeed, it's possible to be in a negative profit even playing a game with 100% RTP. But look at your examples and you'll see that 100 players get $10,000 each in the first one and  500 players get $200 each in the second one. See the difference? But let’s not go off topic too much. We’re supposed to talk about live RTP here.

[junder]

I'm one of those people who don't believe in RTP, whether it's direct or not. I play gambling with slot games that rely entirely on luck although sometimes I find the casino I visit provides RTP but I ignore it because I believe more in luck that will give me victory. Some of my friends do slot gambling on games that have a high RTP because they believe it will easily provide victory.

[Wakate]

This is good and may also be bad. Why? Well, it increases our expectations and I don't think that's a good thing. It will make a gambler mad and may cause harm to himself in the process.

The good side is the transparency of the RTP. Some gamblers might like watching their RTP go up and knowing something good might happen anytime. Still, it takes out the surprise os the game which will probably make a gambler get bored easily.

Using RTP that have bigger percentage does not mean that we can not lose bet because the return to player is higher.
It is better to gamble on a game that often give us the opportunity to make money instead on going for a high return to players.
The most important thing is for gamers to gamble responsibly to prevent over gambling which can lead loses.

[ryzaadit]

Not really sure.

However, I always just use the RTP are being providedly fixed by the developer or slot provider. Like they claim is 96,5% for the slot, then just follow those and not follow LIVE RTP stuff.

Cause these kind of things is just to make gambling fallancy while you think bad live RTP is bad and high RTP is giving you a good chance win. All spin will always indepent and not connected to those, you could be very lucky while playing bad live RTP while you can get unlucky playing good live RTP.

[Betwrong]

Not really sure.

However, I always just use the RTP are being providedly fixed by the developer or slot provider. Like they claim is 96,5% for the slot, then just follow those and not follow LIVE RTP stuff.

Technically you are absolutely right, but those who play for fun tend to not care about technical stuff. Live RTP shows whether people were mostly losing or winning recently. You can imaging yourself staying in a slot section of Las Vegas casino and watching people play the slot machines and then try to play on those that delivered less. I know that all spins are independent and all that, but sometimes we just want to have fun.

[junder]

Not really sure.

However, I always just use the RTP are being providedly fixed by the developer or slot provider. Like they claim is 96,5% for the slot, then just follow those and not follow LIVE RTP stuff.

Cause these kind of things is just to make gambling fallancy while you think bad live RTP is bad and high RTP is giving you a good chance win. All spin will always indepent and not connected to those, you could be very lucky while playing bad live RTP while you can get unlucky playing good live RTP.

Even a high RTP is no guarantee that we can win, and if we're not sure then we shouldn't think about it. Betting with your own readiness and waiting for luck to favor, that's what I do.
 
Sometimes some people who are fixated on the RTP listed or live they tend to be very confident that victory will be obtained by playing a game that does have a high value, it must be understood that too much confidence can be a bomberang for ourselves.

[Cointxz]

Even a high RTP is no guarantee that we can win, and if we're not sure then we shouldn't think about it. Betting with your own readiness and waiting for luck to favor, that's what I do.
 
Sometimes some people who are fixated on the RTP listed or live they tend to be very confident that victory will be obtained by playing a game that does have a high value, it must be understood that too much confidence can be a bomberang for ourselves.

RTP can’t be use basis on how will the game be profitable. It only indicates it’s possible performance when you play the game but it will requires huge sample of bet to make that stats accurate on your betting condition.

RTP effects is almost can’t be feel on your normal betting because we usually do small amount of spins per game.

[Porfirii]

~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.

You described it very well, and while provably fairness is great and I would say that necessary to make sure you're not on a site where you're going to be scammed directly, RTP cannot be used as a premonitory indicator of the results that you will personally have, just like the average doesn't always coincide with the value most often gets, i.e. the mode.

[Akbarkoe]

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.

Luck is a way of life in casino games, never rule out that thought...
RTP is only a mathematical calculation of probability without any guarantee because what is prioritized is luck, so indeed never follow RTP if gambling in casinos just follow your personal instincts in betting, it is much better than following RTP.

[m2017]

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.

Normally, RTP should be no lower than 95%. When I saw the OP's post about a 46% RTP, I was very surprised, and I think it's some other metric. I don't even know why the casino displays these figures, because it would only scare off experienced gamblers. Who would want to play with a 46% RTP?

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

I think this is some kind of trick the casino uses to attract gamblers or gain their trust. The casino doesn't employ the kind of people who would just add something for the sake of user convenience. There's some hidden agenda here, the meaning of which I haven't fully figured out.

[Darker45]

~snip~

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.

I guess what needs to be emphasized is that RTP doesn't equate to the percentage of your bet that returns to you. That's a misconception. Yes, you might be approaching 98%. However, getting closer and closer to 98% doesn't mean you'd get back 98% of what you've bet. The truth of the matter is that you'd likely lose all your money after a while playing what appears to offer 98% RTP. In the first place, RTP isn't applied individually or in every session.