Inquiry on Slot Machine Metrics

Question:

Can someone explain the RTP and volatility rates found in modern Vegas slot machines?

i’ve got some years of experience with slot machines, and i find that understanding rtp (return to player) is key to knowing what percentage of wagered money is paid back in the long run. its displayed value is an averge estimation so short term results can be very different. on the other hand, volatility is about how erratic the payouts can be; higher volatilty slots yield larger prizes but less often, whereas lower volatilty ones tend to pay more consistently. this conceptual view helps set realistic expectations when playing.