The term “Return To Player” refers to the amount of money a slot machine is programmed to pay out to the average player. For example, if a game's RTP is 95%, the typical gambler will receive €0.95 on €1.
Slot machines do not work like baccarat, where players get paid around half of the time. On the contrary, they do not have any such clear structures. They are among the most volatile casino games. With slots, you never know when your next prize will appear. As a result, you should consider RTP's short-term viability.
Payout percentages show how much a game is programmed to pay out over a long period of time. In a single session, you're unlikely to hit the exact payout % of a slot machine. Instead, you'll win or lose significantly more than the advertised RTP.
What is Volatility?
Volatility is a risk indicator. It determines how frequently a slot machine will pay out over a given length of time. In slot machine games, this phrase is commonly mistaken for variance. The latter likewise assess the risk of a slot machine, but a time limit does not constrain it.
When it comes to slots, both volatility and variance are important factors to consider. However, you're likely more worried about the amount of risk you're taking in each session.
Slot machines with the highest volatility pay out less frequently than the average game. They compensate for the low hit frequency by providing larger prizes. The most volatile slot games pay out more frequently than the average slot machine. They do, however, provide lesser jackpots and/or fewer incentives.