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.

[Betwrong]

I have tested this live with NoLimitCity as they publish Hot as Hell meaning games with RTP that goes well up 1000% or Cold as Ice meaning very low RTP. I have tried both versions with different games each and the result were always the same, the games behaved just like they do normally, the hot 1000% RTP games didn't give me any substantial win and also cold as ice I didn't notice any huge lost bonus buy, I only tried bonus buys so don't know about actual spinning normally game play.

That's how it should be. In fact, Live RTP shows how the games have performed over the past week, day, or hour. It doesn't show how the games are performing at the moment, it's about the past, not the present. I still like playing games with live RTP just for fun, hoping (falsely, of course) to win a lot on a game that hasn’t been paying out for a long time.

[junder]

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.

I just learned from what you said about the house edge percentage and I think your gameplay can depend on the RTP value because now that you understand it that way, I think you can use this RTP value as a factor to consider before placing a bet.
From what I understand, in all types of games our chances of winning are low especially with slot games. So I’m just waiting for luck to be on my side to secure a win.

[nara1892]

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.

Honestly, I don't know much about how RTP works in the game, but after trying it myself, I'm sure that there is always manipulation in it. Maybe this is one of the casino's ways to increase the confidence and belief of gamblers so that they are more enthusiastic about playing and continue to deposit money. In the end, as you said, the system in it is not proven to be fair, which makes winning really depend on how lucky you are when playing.