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Understanding the RTP Related to Online Slots

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Understanding the RTP Related to Online Slots
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Before you invest your hard-earned cash playing online games of chance, you might want to make sure you know exactly what you are up against. It’s pretty easy to find out the odds and house advantage that pertains to online table games like Roulette, Craps, Baccarat and Blackjack. If the wagering odds aren’t available directly on the casino website, the approximate odds can be found on the internet by Googling the game in question. The house’s advantage on each game and each game’s betting options are also available through Google.

The odds and/or house’s advantage for online slot games is a little more difficult to ascertain and understand. The terminology used to identify the odds of a player winning when playing online slots is called the “Return to Player” or RTP. A slot game’s RTP listing is stated as a percentage. The percentage relates to the percentage of every dollar the game will claim over an extended period of play. To make sure you understand that, an online slot with an RTP percentage of 96% means you will lose 4% of every dollar you wager over time. This is the house’s advantage. Is it any wonder that all casinos love slot players? Which are the best slot sites to play online? The ones with the best RTP percentages on a consistent basis.

Understanding How the RTP Percentage is Determined

When a software developer develops a new slot game, the software includes a random generator that will control the randomness of each spin of the reels. After the game has been completed, it is required to undergo randomness testing from a top auditing laboratory like eCOGRA, iTech Labs and TST. These companies have auditing programs that can run hundreds of thousands of spins in a short period of time. The resulting data is used to determine how much of each dollar wagered is going to be returned to the player based on the game’s pay chart. This determines the RFT percentage.

FYI: Many games include a mechanism that allows the online casino operator to slightly adjust the payout odds. This will have a small impact on the RTP percentage. IT DOES NOT AFFECT THE RANDOMNESS OF EACH RESULT. The operator’s ability to dictate the RTP percentage is exactly why regulators want online casinos of offer up that information on each game for the gambler’s benefit.

Choosing the Best Slot Games

From a purely gambling perspective, it should be clear that the best slot gambling options are the ones that offer the highest RTP percentage. With that said, that doesn’t necessarily mean the games with the highest percentages are going to offer the highest payouts or the most exciting slots-playing experience.

If a player wants to enjoy bonus games with a chance to hit huge jackpots, they might have to look beyond a game’s RTP percentage. Where the percentage really comes in handy is when comparing two very similar slots. If two games have the same format and similar bonus games and payouts, the best option becomes the one with the highest RTP percentage.

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Industry News

1spin4win Unveils “Treasure Hunt” Network Promotion for Online Casinos

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1spin4win, a renowned provider of online casino games, announced the launch of its new network promotion, “Treasure Hunt”. Set to run from June 1 to 9, 2024, this thrilling event invites players on an enchanting adventure across 11 captivating games, with a total prize pool of €20,000 waiting to be claimed.

The nine-day “Treasure Hunt” promotion is designed to significantly enhance player interest and engagement, boost GGR and betting volume, and elevate the brand image of participating online casinos. Players will have the chance to win one of 515 randomly awarded cash prizes, adding an extra layer of excitement to their gaming experience.

Each bet placed during the promotion can result in a maximum of one prize, with no limit on the number of prizes a player can win. Notably, all prizes are deducted from the GGR prior to invoicing, ensuring a smooth and transparent process for operators.

The “Treasure Hunt” promotion features a stellar lineup of participating games, including Sun Treasure, Lucky Robbery, Cash the Gold Hold and Win, Cash the Gold, Mega Cash the Gold, Hold the Gold, Book of Corsairs, Lucky Jane & Aztec Book, Lucky Jane in Egypt, Lucky Gold Miner and Dolphin’s Wealth.

To cater to a global audience, all participating titles support 16 fiat and cryptocurrencies, including EUR, USD, BTC, ETH, LTC and USDT.

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Allwyn Appoints Ifor Evans as Group Chief Technology Officer

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Allwyn announced the appointment of Ifor Evans as its new Group Chief Technology Officer. Ifor will replace Tony Khatskevich, who, after six years of dedicated and exemplary service, has decided to move from his current role as Group Chief Technology Officer and become an Advisor to the CEO and Board of Directors. In this role, Tony will focus on offering strategic counsel on innovation, technology, IT and security matters. Ifor will take up the CTO role at Allwyn on 1 June 2024.

Ifor is an accomplished CTO with over 25 years of extensive experience in software engineering, systems and data architecture, IT management and project leadership. He joins Allwyn from Gamesys PLC/Bally’s Corp, where he has been Group Chief Technology Officer since 2019 and where he developed, maintained and operated highly capable gaming platforms.

Prior to Gamesys, he held the role of Group Chief Technology Officer (Southeast Asia) for Lazada, part of the Alibaba Group, working in Singapore. He also established Lazada eLogistics (LEL) as a separate entity within the Lazada Group, and led a team of over 400 individuals to create and implement a comprehensive technology strategy.

Robert Chvátal, CEO of Allwyn Group, said: “We are delighted to welcome Ifor as our new Group Chief Technology Officer to continue enhancing the innovation of the lotteries we operate. Allwyn wants to make its lotteries even more entertaining and attractive to new audiences, and in doing so have even more of a positive impact on society.

“Ifor is a dynamic business leader who has an excellent track record of delivering technology solutions across the gaming and IT sector. He has exceptional strategic capabilities, proven operational effectiveness and strong experience in our markets.

“I would also like to take the opportunity to thank Tony for his exceptional contribution and commitment to Allwyn over the past six years. He played a pivotal role in establishing a strong technology function for Allwyn, and conceived and led technology initiatives that have helped to drive innovation across the Group. In addition, Tony played a key leadership role in Allwyn’s winning bid in the UK and management of the transition. I’m very pleased that we will continue to benefit from Tony’s wisdom, knowledge, ideas and warm personality in his new role, where he will continue to help us to fulfil our business growth and ambitions.”

Ifor Evans said: “I am delighted to have been appointed as Group Chief Technology Officer of Allwyn. The company’s commitment to social impact is evident across its global footprint. I look forward to helping the team to develop even better lotteries and new game formats through the power of cutting-edge technology and future thinking.”

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Industry News

Interblock Becomes a Direct Buyer in the Netherlands

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Electronic table game specialist supplier Interblock has become a direct buyer in the Netherlands, expanding its reach in Europe.

“By transitioning to a direct buyer, we are positioned to enhance our responsiveness and tailor our offerings more precisely to the unique preferences of our Dutch Arcade market. This strategic move allows Interblock to directly serve customers in the Netherlands, ensuring a deeper understanding of their needs and fostering stronger relationships,” said a company spokesperson.

The company’s activities in the region will be led by Klemen Sitar, who has been newly appointed to the role of deputy sales director for Interblock in EMEA.

“With his expertise, we are confident in our ability to drive unprecedented success and deliver unparalleled gaming experiences to our Dutch audience,” the company said of his appointment.

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