Slots and RTP explained
What does 'hit frequency' mean if RTP is the same?
Direct answer
It is the proportion of rounds producing some payout; frequent small payouts can coexist with the same RTP as rare larger payouts.
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.
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 ↗