The word variance or volatility used in a slot machine basically refers to the risk amount inherent to a particular game. Simply put, online slot gambling volatility is a term that is used to evaluate the risk of losing a bet.
In addition, it mainly suggests how often and rarely people can expect to win or how small and big they may anticipate the prize after winning the game.
What is slot volatility?
Slot volatility or variance is a risk factor associated with an online slot game. It is a term that decides the winning of a bettor in the short term and measures how often a slot is likely to get the winning combination and its average size of the payout.
It is linked with the RTP or returns to a player that calculates the percentage of all stakes returned to gamblers. There are three primary levels of variance that one may find in online slot machine include:
- Low
- Medium
- High
Simply, volatility indicates whether the slot you play is a low-risk, medium-risk, or high-risk game.
How to find the volatility of a slot machine?
Some casino tells people about the volatility of slot machine game when they click the option to see the information about the game. However, these predictions are only sometimes right because no one can tell you exactly about the slot variance.
High-variance slot machine
High-variance slot machines are especially for those gamblers who dream of becoming billionaires and millionaires in a short period. However, the risk of money is also very high in this kind of slot machine, and high-risk machines rarely pay.
But a lucky bettor may win big jackpots when they pay. In addition, gamblers can win3, 000 to 10,000 times their starting stake with high-variance slot machines. There are some examples of high-variance slot machines:
- Gonzo’s quest
- Wheel of fortune Megaways
- Buffalo slots
- The mercy of the gods
Medium volatility slot machine
Online slots with medium volatility create a nice compromise between high-variance and low-variance slot machines. In the short term, a medium volatility slot is a combination of low and high-variance slot machines.
However, playing these games is slightly frustrating to play, but they get back highly anticipated wins. In addition, these slots generally give any bonus features in order to win big, people who want to play just for fun but also want a decent win, medium variance slots are best for them. A few examples of these slots are;
- 88 fortune
- Divine Fortune
- Monopoly Megaways
Low-volatility slot machines
Finding low volatility slots is more complicated than finding medium and high variance slots. These slots give people better winning chances but with smaller rewards and jackpots ranging from 250 to 500 times the wager.
- Lucky cherry
- American gold rush
- Starburst
- Irish magic
- Slingo classic
Low-variance slots are not as exciting as high-variance slot machines, but they give steadier payouts; that’s why slots with low volatility appeal to many bettors.