Slot Volatility and Variance
There are many factors to consider when picking a slot game. It’s true that they’re pretty easy to learn and play. However, different types of slots appeal to different types of players. Some will go for a specific theme while others for specific features, such as a jackpot.
You probably have a preference as well. But you should know that all titles have some features they share. For example, all slots come with a certain RTP rate. Additionally, they all have a different level of variance. What it variance really?
What Is Volatility?
Variance, dispersion, or volatility, refers to the risk of playing a certain casino game. For slot titles, this refers to the amount of the payout. Moreover, it also refers to the theoretical frequency of payouts. When you’re searching for a slot to play, you’ll see loads of titles with various volatility.
Some will come with low volatility, while others will have medium to high volatility. Naturally, there are key differences to the volatility levels. By working out these differences you’ll determine if a slot is good for you or not. So, let’s dive into the different variance levels.
Low Volatility Slots
The distinct feature of low volatility slots is the small difference between wins. In other words, the minimum and maximum wins don’t differ from each other much. Also, the period for the payout is pretty short.
In other words, these kinds of slot games are ideal for you if you’re new to slots. Additionally, if you’re not prone to high risk then they’ll suit you. You’ll get smaller rewards over small periods. Furthermore, you can enjoy these titles if you’re on a budget or if you’re looking for a fun time. If you’re not into that then you have high volatility slots.
High Volatility Slots
With this selection of slots, the risks are high, but so is the reward. If you’re a patient prize hunter then these are the slots for you. They specialize in giving out huge prizes over long periods. Consistency is the game when it comes to these types of slots.
Besides these two volatility levels, there’s a medium one. Medium volatility serves as the equalizer for low and high volatility slots. In these titles, players can have fun and go after the big prizes. The risk isn’t too high or too low. In other words, it’s just right.
How to Determine Slot Volatility?
There are some telltale signs to help you determine a slot’s volatility. One of the things you should keep an eye out for is the size of the prize. If you see a slot with big cash prizes and huge jackpots, then that slot is a medium or high volatility slot.
Another tip would be to look at the betting range. High volatility slots will have a smaller range because of the possibility of big wins. Additionally, you can try the game out in demo mode. You’ll determine the volatility based on the frequency of wins and their size.