Slots and RTP explained
Why does a slot with 96% RTP still take all my money in twenty spins?
Direct answer
A 96% theoretical RTP is an average over very many plays, not a guaranteed return in 20 spins. Variance and rare payout distributions make a complete short-session loss possible.
How to use this answer
This answer is based on the mathematical principle or published rule identified in the source below. If the question involves a live betting market, confirm its settlement definition before applying it to a specific bet.
RTP is a long-run average over enormous numbers of spins, not a guarantee for any short playing session.
Return-to-player and volatility are statistical properties, not promises for an individual session. A streak or a near miss does not establish that a particular spin is more likely to pay.
Reference: gamblingcommission.gov.uk · published rules or source ↗