Slots RTP and Variance

When it comes to playing at Betfair Casino, slots are by far one of the most popular types of games that are available to players. With over 100 different titles to choose from, which come in a wide range of themes and formats, and have different engaging bonuses and promos, players will be spoilt for choice.

However, most online casinos tend to always give players a pretty superficial overview of online slot games, with very little focus on the overall slot machine payout. In fact, RTP slots is a key factor that has an impact on the casino payouts that players can win on any given game.

Players will generally consider gameplay mechanics, bonus feature rounds, and even overall game design when selecting a slot to spin, but slot RTP and volatility are also equally important factors. In this post, Betfair Casino will delve into the RTP meaning, the concept of slot volatility vs variance, and also give players an example of the best payout slot currently available at Betfair Casino.

So, what is RTP?

In simple words, the RTP meaning is Return to Player, which is a measure that is used to calculate the number of casino payouts that the online slot will give back to players for each unit that is wagered over time. So, if a player will place one hundred bets each having a value of 1 on a given slot that has an RTP of 95%, the expected casino payouts for that player should be around 95.

Now, here is where some players may find the RTP meaning slightly confusing. Casinos stand to make a small margin of income from every single spin a player makes, which is typically referred to as the house edge. In the example we gave above, a slot with an RTP of 95% has a house edge that is 5%, which is the difference between the actual RTP of the game and 100%. With a house edge of 5%, it is expected that the casino will make on average around 5% from every unit that a player wagers.

In order to ensure that online slots are favourable to both players and casinos, the actual game RTP and house edge are not applied precisely on each spin. In fact, online slots come with multiple paylines that allow players to land winning spins in short playing sessions, while also allowing casinos to make a profit over the long term and across a wide range of players.

How does RTP slots impact players?

The RTP measure is not a number that is simply added to an online slot by game developers, as it can have an impact on the potential slot machine payout. This number does not simply make a game the best payout slot, or even create the highest RTP slots available at an online casino.

In general, players should opt for the highest RTP slots as these have better odds for landing winning combinations as well as for completing bonus wagering requirements.

Slot Variance

A basic understanding of the RTP meaning will not be sufficient to recognise which is the best payout slot on the market. In fact, another key factor that will be discussed in this article is Slot Variance. Players often find themselves confused when it comes to volatility vs variance.

Volatility is a term that has been associated with slots since these were simple machines in land-based casinos. On the other hand, variance is a term that is often associated with poker but has since also been used to refer to slots. Both words are synonyms in the slot world and are used interchangeably, so they have the same meaning.

In fact, players will often come across ‘high volatility slots’ or ‘highest RTP slots’ when research which new slot game to test out. Online slot volatility allows players to understand the likelihood of a spin landing a winning payline and what the payout could be. This is important information for players as it can give them insights into what they can expect from their next gaming session at Betfair Casino and how to efficiently manage their bankroll.

High variance vs low variance slots

Players will naturally always opt for the best payout online slots when choosing their next casino game. But while it may seem obvious that high volatility slots are the best option, there are some considerations to keep in mind.

High volatility slots are more likely to land winning combinations with big payouts but less often, while low variance slots have a higher chance of frequent wins with smaller payouts. Therefore, there is really no definite answer as to which is the best payout slot on the market, as this depends on a player’s risk appetite.

When it comes to high volatility slots, these are more suited towards risk-taking players that are aiming for a lucky big payout. A common design for such highest RTP slots is to include more bonus features that can increase payouts if activated. However, such slots must be approached responsibly and with a well-planned budget given their high variance.

On the other hand, low variance slots give smaller payouts at a more frequent rate. Such slots are more suited for casual players that play casino games for fun rather than for taking a risk.

Highest RTP slots

As we have already explained, the given RTP for any slot is already encoded when the game is designed. In general slots have an average RTP that however around 95%, with most of the best titles always having an RTP that is at least in the 90% range. There are many reviewers that argue that the highest RTP slots start from the 97 or 98% mark, with medium RTP slots ranging from 94% to 96.99%, and anything below 93.99% is classified as a low RTP slot. Here are some examples of the best payout slot games that are currently available on the market, some of which can also be found at Betfair Casino.

  • Ugga Bugga – This video slot by Playtech has an RTP set at 99.07%, one of the highest currently on the market, even though it was launched back in 2013. The online slot follows a jungle adventure theme where players can select their own lucky symbols and find wilds across the reels for a maximum win of up to 1,000x.
  • Mega Joker – a classic online game by NetEnt that is also considered to be one of the highest RTP slots set at 99.00%. This classic arcade looking slot has a base game with three reels where winning can either be collected or taken to the Supermeter bonus game.
  • Rainbow Riches Pick ‘n’ Mix – this slot is one of the most popular entries into the Rainbow Riches series by Barcrest. With an RTP of 98.00%, Pick ‘n’ Mix can also be enjoyed at Betfair Casino! One of the best payout slot choices on our casino, this game allows players to select one of three bonus features before each spin.
  • White Rabbit Megaways – a great online slot game by Big Time Gaming with a decent 97.77% RTP. Featuring the popular Megways feature that gives players 248,832 ways to win, this Alice in Wonderland inspired game offers players free spins, bonus features, cascading reels, multipliers and more.
  • Jack Hammer 2 – based on the original comic book of the same name, Jack Hammer is an action-packed slot by NetEnt which is also available at Betfair Casino. With an RTP set at 97.10%, players can experience Sticky Wins, free spins, multipliers, and other great bonus features.

Highest variance slots

High volatility slots are very popular slots at online casinos, and are especially preferred by high rolling players. Most players view these best payout slot games as offering thrilling gameplay that comes with a lot of bonus rounds and features, and even progressive jackpots. High volatility slots are available at most online casinos including Betfair Casino, but it is strongly advised that such slots are played responsibly and with a well-planned budget.

  • Book of Dead – by far one of Play’n Go’s most recognised titles, Book of Dead follows adventurer Rich Wilde on his Egyptian temple raiding journey. With a free spin bonus round that also comes with expanding symbols, Book of Dead produces winning combinations with a maximum payout of 250,000 coins on a single spin. Book of Dead is currently available at Betfair Casino.
  • Dead or Alive – a classic Western-themed best payout slot by NetEnt that is also available at Betfair Casino. This online casino slot is also considered to be very popular due to its high variance. With 5 reels and 9 paylines, players can earn up to 29 free spins which double wins instantly and also include sticky wilds for multipliers of up to 12,000x.
  • Riches of Robin – another great offering by Play’n Go that comes with 5 reels and 20 paylines. This online slot features a Robin Hood theme that gives players access to free spins that can lead to unlimited free spins if triggered, as well as a re-spin feature that dish out Jackpot Money Bags with a value of 1,000x the original stake placed.
  • Raging Rhino – a high volatility slot by WMS Gaming that offers players 4,096 ways to win with each spin, and which can also be found at Betfair Casino. A standout feature for Raging Rhino is its free spins round that automatically gives players a whopping 50 free spins, with Scatter symbols also leading to more free spins if landed.  This slot also includes Wild multipliers valued at 6x, with a maximum payout of 3,000x the stake placed.
  • Jungle Jim and the Lost Sphinx – an ancient Egyptian themed slot powered by Microgaming that includes the popular Rolling Reels features, as well as a free spins feature with 20x multipliers.

How to use RTP and Volatility when choosing your next Betfair Casino online slot

This article has covered a lot of ground behind the volatility and RTP meaning, as well as examples of the best payout online slots and high volatility slots. However, RTP and volatility may not necessarily be linked to each other – the highest RTP slots do not necessarily have high volatility!

When players are searching for a new online slot at Betfair Casino, they should start by looking at the RTP value of that game. Slots with an RTP closer to 100% are designed for players that are aiming to play short sessions with maximum return in their mind. On the other hand, lower RTP slots are better suited for longer playing sessions that extend a player’s budget giving them the best possible outcome.

However, RTP on its own is not enough to give players the best possible experience. If a player opts for a low RTP slot but has a limited budget, then they will end up not enjoying their slot experience. This is where slot volatility comes in, as it is a feature that has an impact on the expected winnings of any given session.  

RTP is a measure that helps players identify which are potentially the best payout slot games, while volatility allows players to better manage their bankroll for a more effective gaming experience.

FAQs

But there is more to enjoy at Betfair Casino apart from Gonzo’s Quest slot and the other large selection of games. Each time a new player registers for their Betfair Casino account,

 

What is RTP?

The RTP meaning is Return to Player, which is a measure in percentage that is used to calculate the number of casino payouts that the online slot will give back to players for each unit that is wagered over time.

What is slot volatility?

Online slot volatility allows players to understand the likelihood of a spin landing a winning payline and what the payout could be. Slots are classified as having low or high volatility.

What about Volatility vs Variance?

Volatility is a term that has been associated with slots since the time of slot machines in land-based casinos. On the other hand, variance is a term that is often associated with poker but has since also been used to refer to slots. Both words are synonyms in the slot world and are used interchangeably, so they have the same meaning.  

What are the Highest RTP Slots?

While there is no official value for what make a slot of high RTP, many reviewers argue that the highest RTP slots start from the 97.00 or 98.00% mark, with medium RTP slots ranging from 94% to 96.99%, and anything below 93.99% is classified as a low RTP slot.

Does Betfair Casino have any highest RTP Slots?

Yes, players can find a decent selection of high RTP slots at our online casino, including Rainbow Riches Pick ‘n’ Mix and Jack Hammer 2.

What are High Volatility slots?

High volatility slots are more likely to land winning combinations with big payouts but this happens less often. This makes them the preferred slots of high rolling players, and also include several bonus rounds and features and even progressive jackpots.

Does Betfair Casino have any High Volatility Slots?

Yes, there are quite a handful of high volatility slots at Betfair Casino, including Raging Rhino, Book of Dead, and Dead or Alive, but it is strongly advised that such slots are played responsibly and with a well-planned budget

How can RTP and Volatility help me choose a new slot at Betfair Casino?

RTP is a measure that helps players identify which are potentially the best payout slot games, while volatility allows players to better manage their bankroll for a more effective gaming experience.