RTP for Bingo
No matter if you play bingo for the first time or you are an experienced player, you have to know that it’s not just about the odds of playing bingo. It’s also about how much money you can get back overall. This term is called RTP or Return to Player. It is expressed as a percentage that shows how much you will expect to get back overall if you play hundreds of thousands of times.
UK slots sites are required by law to publish the RTP, so you can be fully informed and know everything before you start playing. The RTP for slots is generally in the region of 96%. But, keep in mind that even if the RTP is 96%, you are not guaranteed to get that back. The situation for RTP for bingo is quite different. Usually, they don’t tend to post them but according to Live Bingo Network on the Cozy Platform, they tend to be between 75% – 80%. There are three main reasons why the RTP of Bingo can’t be specified precisely as it can be on slots. Firstly, regardless of the number of cards that have been sold, there has to be at least one winner in each game. Second, there are guaranteed prizes for some bingo games. This means that the amount you spend on cards won’t count on anything. Last, but not least, at slots, the RTP is fixed. In comparison to this, the RTP at Bingo can’t be calculated correctly. Although they may be able to see how many players there are in the bingo room, they don’t know how many cards are sold.
The Random Number Generator
The players have to know that the regulated sites in the UK use a Random Number Generator. By using this Generator, you can make sure that nobody is rigging the game behind the scenes as well as there are no-favouring players at all. Before any UK site obtains its license, its Random Number Generator will be tested by third-party like iTech Labs or eCOGRA.
Types of RTP
Each game has a Theoretical RTP value and an Actual RTP value. The Theoretical RTP is the expected return of the total money bet over an extended number of plays on the game and it is expressed as a percentage. The Actual RTP is determined by way of periodic analysis of the game outcomes, also expressed as a percentage. We have to make sure that this remains close to the Theoretical RTP and an indicator that the game continues to function correctly, randomly and fairly.
How to calculate Return To Player?
To calculate the RTP, you have to divide the generated win and turnover figures of the game. It shows the RTP the game has actually achieved for the past period as covered by the selected win and turnover amounts. To get a better understanding, let’s take a look at the following example. Imagine that after one month of playing a game, where the designed RTP is 91.68%. It has accrued £1,200,000 of turnover and £1,085,000 in wins. The RTP can be calculated as follows: 1,085,000 / 1,200,000 = 9042. Therefore this game has achieved an actual RTP of 90.42%, which is below the designed RTP.
Conclusion
We hope that now you have a better understanding of what RTP is and how you can calculate before playing bingo games. Now, head over Blighty Bingo, explore our bingo games. For more information about the RTPs, check the Terms and Conditions section.
