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RTP stands for Return To Player represents the amount of money a slot will pay back to its players over a huge number of spins. Usually, the RTP is expressed as a percentage. To better understand this percentage, here's a simple example: A slot has 95% RTP; You invest $100 in this slot; The slot will pay you back $95.
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It stands for "Return to Player". Expressed as a percentage, this figure simply represents the amount of money a player can expect to win from their bets in casino slots or other games. If you play a game with an RTP of 95%, then for every $1 you bet you can expect to receive $0.95 back.
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The RTP rate of a slot game is also influenced by a couple of other factors, including the hit frequency and volatility level of such. This is another reason why the RTP rate is only a theoretical percentage - because developers cannot predict the outcome of every single players' spins.
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Calculating the RTP of a slot machine involves analyzing the game's outcomes over an extended period. It considers thousands or even millions of spins to determine the average payout percentage.