Volatility in the context of slot machines gauges the degree of risk a game presents to the player. All slot machines have a certain risk of financial loss. Although some of them are less predictable than others.
You will experience high volatility slots. And low volatility slots if you play a variety of slot machines, possibly without realizing it at first. But as you play more. You’ll learn to distinguish between the two more and more.
What is Slot Volatility?
Slot volatility measures the frequency. And the average size of winnings in a certain machine. A slot machine with high volatility often distributes large prizes over time. Whereas a slot machine with low volatility distributes modest wins rapidly.
However, every slot machine can pay out both modest and large wins. As well as hot and cold streaks. Simply put, the experience on average determines where the slot sits on the Volatility Index.
Types of Volatility In Slot Games
1. Low volatility slot machines
Slot machines with low variance give players more opportunities to win. But the jackpots are much smaller, often 250–500 times the stake.
Although they don’t offer as much excitement as machines with higher volatility. Many players find them to be more enticing because they offer more consistent payouts.
However, other advantages of using low volatility machines include simpler bankroll management, lesser losses, and extended gameplay.
The element of a large prize is absent from these games, though. When a person leaves the casino, he won’t become wealthy.
2. Medium volatility slot machines
Medium volatility online slots are a great middle ground between low and high volatility machines. Although playing these games can be slightly frustrating. The rewards are sometimes very exciting. Additionally, slots with medium variance sometimes come with a tonne of additional features. They are a great option for those who want to play for pleasure. But occasionally wish to win a little money.
3. High volatility machines
The best option for players who want to become one day millionaires or billionaires is to play high volatility slots.
They are also referred to as “high-risk” machines with spotty payouts. But when they do. Fortunate players can anticipate large payouts.
In addition to the users. That has large bankrolls. And the time and patience to wait for the jackpot payout love these games.
Players have the chance to win three to ten times their initial wager. When using high-variance machines.
How to Estimate Slot Machine Volatility
Some players do not have the opportunity to play high variance slots. Low variance slot machines also don’t inspire others.
Learning how to assess the volatility of slot machines is one approach to guarantee a profitable experience at an online casino.
1. Start playing the game
The majority of internet casinos refuse to say how volatile their slot machines are. The players must be aware. Unfortunately, it may take several rounds, or 500–1,000 spins, to do this. The free version of an online slot game is advised by experts.
Likewise, the variance of every slot machine is the same. Whether a player is using the free or paid version, which explains why. Demo versions also eliminate the danger of utilizing real money.
2. Discover the RTP for the game
The RTP (return to player rate) provides an estimate of the potential winnings for gamblers.
The game designer makes this decision. Higher RTP rates on slots give players more chances to win. That reduces their volatility.
While those with lower RTPs are regarded as being more volatile. Players can select a game. That meets their betting objectives by researching the volatility of the various online slot machines.
3. Examine the size of the bonuses
The variance of bonus features in games is typically higher.
For instance, slot machines with bonuses that appear once per 500,000 spins. That will probably pay out more than those with bonuses that appear every 50 or 100 spins.
Progressive slots, or those that let players contribute a percentage of their wagers to raising the jackpot, tend to be riskier.
Furthermore, other elements, such as the challenges on the reels. And money stealing features that make the game difficult to win. And that has an impact on an online slot game’s variance.