What is Mega Moolah’s RTP percentage and what does it mean?
If you are a student of slot games and like to do a little research before you start playing a game, then one of the things that you will have noticed when playing slots is that when you look through the review of a game, among all the information on the slot will be something that is labelled the RTP and next to that is usually a percentage figure.
If you are a slot expert, then you'll no doubt know what this refers to and what it actually means in terms of the slot you are playing, but for many people the RTP percentage value of their slot still remains a mystery and in this article, we are going to explore what this figure means, what it means on a progressive jackpot game like Mega Moolah and also what implications it may have for your strategy when playing different slot games with different RTP ratings.
So let's begin back at the very basic level by understanding what the acronym RTP refers to and what it means exactly.
What is the RTP percentage?
RTP stands for 'Return To Player' and the percentage amount signifies the approximate percentage of money that is wagered on the slot, will be returned to players in the form of winnings, over the lifetime of the slot.
It is important that players understand that the percentage value refers to this theoretical amount of money and also that it is based on the lifetime of the slot, not a single session. A RTP for example of 95%, does not mean that if you set aside £100 to play on a slot, you would be likely, or certain, to get back at least £95 of what you spend in winnings.
Slot games do not pay out so uniformly, so what this RTP will cover, will be the huge number of lower value wins on the slot, all the medium sized wins and of course, those much rarer higher paying wins and the rarer still, jackpot wins.
So for example, if a slot has a 10 year "lifespan" and in that period takes £100,000,000 in wagers and has a RTP of around 95%, then over that period around £95,000,000 would be paid back to players. However, some players would receive a much greater proportion of that amount than others (those that landed the jackpot or bigger value wins), whereas some will receive only a fraction of that amount back having landed only smaller value wins, and then there would be many of those that did not win anything.
Players can use the RTP value of a slot to give themselves a general idea of how much the slot is likely to pay out over time and of course, higher values tend to mean better value for slot players. However, they should not just use the RTP value of a slot to try and determine whether a slot will be profitable for them to play.
What is Mega Moolah's RTP and how does it compare to other slot games?
The RTP varies greatly from slot game to slot game and for the Mega Moolah slot, its stated RTP percentage is near 90%. Compared to other slot games, this is generally a lower than usual amount with most slots having an RTP of between 92% and 97%.
So, what is it about Mega Moolah, and indeed many other progressive jackpot slot games, that sees them have a smaller RTP value than other standard slots?
The answer to that is rather simple and somewhat obvious. On the Mega Moolah slot and on other progressive jackpot games, in order for the progressive jackpot to grow over time at a rate that will appeal to players, the game has to 'hold back' some of the cash it takes from players, in reserve to contribute to the growing progressive jackpot fund.
So what happens in these games is that when you place your bet on the game, the majority of your stake goes into the standard pot for paying out the standard winners on the slot game. A small percentage of your stake then is kept for your contribution to the progressive jackpot prize and a smaller percentage still is, effectively, the profit the casino generates from your spin (although this is by far the smallest amount of the three).
As the point of a progressive jackpot prize is that it can grow over time to a much larger than usual amount, it is not possible for a machine to pay out high amounts of cash in standard winnings and then have even more cash available to keep the progressive fund increasing at a rapid rate. So to combat this, progressive slot games, such as Mega Moolah, tend to have a slightly smaller RTP rate in the base game.
Of course, the positive side of this is that in addition to the same big money jackpots you can land in the base game playing Mega Moolah, you can also stand a chance of landing a massive progressive jackpot prize, which at the moment is running at the huge amount of 15 million.
Does that low RTP mean Mega Moolah is not good value for money?
Absolutely not. A lower RTP means that a slot generally pays out less of the money it takes in to players, that is for sure, but the RTP does not measure how that slot will pay out the money it takes in. On Mega Moolah for example, the excitement generated by being able to play for a jackpot prize of at least 1 million (and often considerably more) means that many people feel the minimum bet level per spin (which is just 0.25 to qualify for the progressive jackpot prize), is actually far greater value for money.
Indeed, there are some slots out there today that require players to bet considerably more than that to play the game and which do not have any progressive jackpot prize available.
Even in terms of progressive jackpot games, Mega Moolah's low minimum bet value means that the slot is still much cheaper to play than some other games, some of which can cost 1.00, 2.00 or even 3.00 or more to play on every spin.
A far better idea of how much value for money you will likely get playing a slot comes from understanding the variance of the game. Slots with a higher variance rating, which includes many games with big progressive jackpot prizes, tend to pay out less often but will occasionally see a big money winner. Games of lower variance tend to pay out fewer big money prizes, but will pay out more lower value wins to players.
It is important to understand the difference between RTP and Variance as they do not refer to the same thing and it is quite possible to have a high variance game, with a high RTP, as well as a high variance game with a low RTP and the same is true of lower variance slots too.
How should I play slot games with a lower than usual RTP?
If there is something you should take from understanding what the RTP rating is for a slot game, then it would be in how you approach the slot in question and devise a strategy to play it.
Over time, the more you play a slot, the more, in theory, you should get a return on your investment that is closer to the RTP. This will never be exact in all likelihood, as even if you play through a thousand spins on a slot, the amount of variance you will get in those spins is still great. But if you take a longer term view then you can ensure that you play these lower RTP games with more chance of a win.
Ensure that you have a big enough bankroll for your session, and ensure that you select the right bet amount per spin to maximise your bankroll. You need to be in lower RTP slots for the long haul to stand a better chance of reaping the benefits, so ensuring you maximise your bankroll is the best way to approach these games.
RTP is a useful piece of information but it is to be used only as a guide. It cannot tell you how a slot will pay out, when it will pay out and how much, but just gives you a very general idea of how much it will pay out over the lifetime of the slot game. In terms of actual play, it is down to the player, how much they wager and pure good or bad luck as to what they win and when.
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Byline: This article was published by Mega Moolah expert Henry. Media and other enquiries.