sdg84
sdg84
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July 10th, 2023 at 12:23:45 AM permalink
I was curious, does a slot machine play the same (the RTP setting) if itís a different casino or can a casino set the slot machine to however they want that could potentially lower the RTP?
DRich
DRich
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July 10th, 2023 at 4:30:33 AM permalink
Quote: sdg84

I was curious, does a slot machine play the same (the RTP setting) if itís a different casino or can a casino set the slot machine to however they want that could potentially lower the RTP?
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Most machines are designed with 8 or so different RTP's. The casino selects whichever one they want when they configure the machine on their floor.
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Mental
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July 10th, 2023 at 11:25:41 AM permalink
Quote: DRich

Quote: sdg84

I was curious, does a slot machine play the same (the RTP setting) if itís a different casino or can a casino set the slot machine to however they want that could potentially lower the RTP?
link to original post



Most machines are designed with 8 or so different RTP's. The casino selects whichever one they want when they configure the machine on their floor.
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I agree. The same slot machine type can have different RTPs in the same denomination within one casino.

It is surprising how uniform the RTPs are for online casinos. I have looked at the RTPs for literally thousands of games. Most common games are set to the same RTP across all casinos. The biggest discrepancy is where some typically 97%+ RTP games have been downgraded in certain tight online casinos. There might be some legal reasons that online casinos need to post RTPs and then have a lot of regulatory friction so they don't change them frequently.
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ThomasHow99
ThomasHow99
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July 14th, 2023 at 12:12:47 AM permalink
Is this applicable to both online casinos and brick-and-mortar casinos? Also, if there are 8 diffferent RTPs, would casinos just choose the one that will benefit them more i.e. give them more money?
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DogHand
DogHand
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AxelWolfMKgaryt1957
July 14th, 2023 at 1:04:02 AM permalink
Quote: ThomasHow99

Is this applicable to both online casinos and brick-and-mortar casinos? Also, if there are 8 diffferent RTPs, would casinos just choose the one that will benefit them more i.e. give them more money?
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ThomasHow99,

Sure, but what RTP will make the most money for the casino?

If they set the RTP to 88%, they make 12% of all the money wagered, but the players will soon stop playing because they lose so fast: 12% of $0 is $0.

If they set the RTP to 99% (and heavily advertise their "Loosest Slots!"), they make only 1% of all the money wagered, but the players will be lining up to play and probably getting into fist fights over the coveted seat.

Thus, the optimum RTP is not obvious. The slot directors also must take into account what their competitors are doing, what kind of clientele the casino attracts, what new and exciting machines are available, etc.

Dog Hand
ThomasHow99
ThomasHow99
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July 14th, 2023 at 1:12:07 AM permalink
Thanks, that makes a lot of sense. I'm still learning about technical aspect. I thought it's just spin and win (or lose) when there are in fact a lot of things that I should consider, such as the RTP
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Mental
Mental
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ChumpChangeThomasHow99
July 14th, 2023 at 6:10:32 AM permalink
Quote: ThomasHow99

Thanks, that makes a lot of sense. I'm still learning about technical aspect. I thought it's just spin and win (or lose) when there are in fact a lot of things that I should consider, such as the RTP
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Many states have regulations that require casinos to show their hold. In NV, holds are reported by County. In NJ, each casino files a separate report for B&M and online. You can find reports for most states, but Native American tribes generally don't report holds. I used to look for these reports when deciding what hold was most likely for a River Dragons in MS or a Regal Riches in Douglas County, NV.

The NJ B&M report used to break things down the hold by denomination. Penny slots return 87-90%, $25 and up games returned about 5% more than that. The multi-denom games are the loosest, returning around 94%. I believe this is because many multi-denom games include high-limit video poker with 97%+ holds.
https://www.nj.gov/oag/ge/docs/Financials/HistoricalStatistics/2019AnnualCasinoWinData.pdf
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DRich
DRich
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July 14th, 2023 at 10:18:05 AM permalink
Quote: DogHand



If they set the RTP to 88%, they make 12% of all the money wagered, but the players will soon stop playing because they lose so fast: 12% of $0 is $0.



Tell that to Harrah's. They were always asking us to include higher hold percentages. Our normal packages would offer between 87% and 98% but they started making everyone offer 85% paytables.
At my age, a "Life In Prison" sentence is not much of a deterrent.

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