Throughout AmateurSlots.com, you’ll see various references to both Value and Expected Value. These are some of the most important values when considering online slots and ensuring we approach them in a strategic way.
Many people think the difficulty of online slots is the huge amount of guesswork involved. It’s purely luck, whether or not you’re likely to hit a jackpot, right?
Well – yes. But there are many other factors that may be able to ensure that you get the highest possible chance for the amount of money you’re looking to invest.
It is, subsequently, possible to stretch the number of spins and calculate an expected spend:return ratio on the variety of slot machine you’re playing on. The former part of this advice applies largely to Value. You can read more on our introduction to Value here.
Estimate Value, however, refers largely to the amount of money, on average, we can expect an online slot machine to give in return. This is a trick that has long been used in pubs and casinos to try to understand how much money a game is programmed to return to the average paying customer.
This is where some minor research might be required. By determining the RTP (Return To Player%), we can work out what percentage of a single unit of currency a brand is obligated to return over an average.
A very quick Google will find that popular online slot Siberian Storm offers a 96% RTP – suggesting that for every pound it accepts, it must payout 96p to its customers. RTP can vary wildly depending on the game. For years, supermarkets and off-licences have sold scratch cards to people – yet many fail to understand the relatively low RTP of these games (usually between 30% and 60%).
Being aware of these basic and fundamental concepts are absolutely key to smart gambling. While a serious amount of value can be gained by understanding and implementing a strategy based on Expected Value – using it sync with deposit bonuses and other added extras can really add more.
We’ll discuss the advanced use of both Value and Expected Value in future updates. For now, though, make sure you keep an eye out for RTP in all your online slots – and any other games. The key is to find the highest RTP game you can find, before investing your money. This way you can make sure your spins stretch as far as possible – perhaps even until you hit a jackpot.