Cryptocurrency gambling is a quickly growing industry. Currently, there are over 1,500 different types of dice games, roulette wheels, and slot machines that you can bet on using digital coins in crypto casinos. But with so many options out there, how do you know which one is the best for you?
One important factor to consider is the “return to player” (RTP) rate. This tells you how much of your original bet will be returned to you on average over the long run. The higher the RTP rate, the better your chances of winning. So if you’re looking to gamble in an online casino with crypto and want the best odds possible, then heed this guide! We’ll tell you everything you need to know about RTP rates in crypto casinos and how they can help or hurt your chances of coming out ahead.
What Is RTP?
RTP is the “Return to Player” percentage and is a calculated mathematical formula based on the odds of a casino game. RTPs are always positive as they state how much you will get back for every dollar that you wager. In simple terms, RTP is the percentage of wagered money that is paid back to the player over time. For example, an RTP of 96% means that for every $1 wagered, 96 cents will be paid back to the player. The RTP is not calculated over the life of a casino or game, but rather over tens of thousands or even hundreds of thousands of spins. Therefore, in the short-term perspective, it is possible to lose even when playing a game with a high RTP. However, in the long-term one, the RTP will always hold true.
RTPs in crypto casinos are normally higher than those in traditional online gambling platforms. Games with a high RTP are generally considered to be more favorable for players as they offer better odds of winning. As such, it is always worth checking the RTP of a game before playing.
RTP vs the House of Edge
Now, how is RTP different from the house of edge? Let’s take a look. The house edge is the casino’s advantage, which is expressed as a percentage of the total bet. For example, if the casino edge is 2%, that means the casino will make $2 for every $100 bet. The size of the house edge varies from game to game. For instance, slot machines usually have a high house edge, while blackjack has a lower one. Some casinos also offer crypto games with a 0% house edge. This means the odds of winning are the highest there.
RTP, on the other hand, is the percentage of money returned to a player over time. It does not guarantee that a player will win, but it shows how much of their money they can expect to get back in the long run. So, while RTP and house edge are related, they are not the same thing. The former is a theoretical return while the latter is the casino’s actual advantage.
The RTP of Popular Online Casino Games
Which games should you stick with for the biggest win? It largely depends on the type of casino games you prefer. Thus, table games are traditionally known to have high RTP in online casinos. Roulette, for example, has an RTP of 97.3%. Blackjack is also a table game with a high RTP, sitting at 99.5%.
When it comes to crypto games, they have a generally more attractive RTP than traditional online games. For instance, dice games have an RTP that can go up to 99%. The main reason for the high RTP in crypto games is that the house edge is smaller. In other words, gambling with cryptocurrencies can be more profitable in the long run than gambling with fiat money. So, if you’re looking for games with high RTP, you should definitely check out some of the crypto games that are out there.
So, the next time you’re looking to play a crypto game, be sure to check out the RTP first. It just might help you increase your chances of winning! Have you ever looked at RTP when choosing which games to play? Let us know in the comments below. We love hearing from our readers. Until next time!