Slot Volatility: High Variance and Low VarianceOur favorite iGaming enthusiasts like to apply a few techniques every now and then to increase our winning chances when we play our favorite slots. The RTP of a game is one thing, but the slot volatility is another. The slot volatility offers players a better sense of what to expect throughout the gaming session. Slot machines, on the other hand, may be extremely different in terms of volatility.
That being said, we’re going to take a look at the different types of slot volatility and see how you can select the appropriate one for you based on the way you play. Are you ready to get started? Let’s get going, shall we?
What Does Volatility in Slot Machines Mean?
Slot volatility, on the other hand, is the word used to calculate the performance of a certain slot machine, either land-based or online, during its meeting. As a result, casino gamblers utilize slot volatility to properly prepare their bankroll. In other words, slot volatility indicates how frequently you are likely to hit a winning combination, the magnitude of the wins, and the game’s level of risk.
Volatility measurements provide a better understanding of how much you earn or lose when spinning the wheels of slot machines and, as a result, assist you in selecting the finest slots that will fit you.
What are the different types of slot volatility?
High, medium, and low variance slot games are well-known to iGaming enthusiasts. Slot machines may be classified into five different volatility levels, including high, medium-high, medium, low-medium, and low.
In both online and land-based casinos, the variance of the slot machine outcomes is pre-programmed and purely dependent on the Random Number Generator. For those of you who want to know more about the volatility of a particular slot machine, it’s up to you to measure it yourself.
Say you’re spinning the reels of a slot machine with the potential to pay out large sums of money, but you don’t appear to hit winning combinations very often — this implies you’re playing a high volatility game. If, on the other hand, the slot you’re playing has lesser winnings but you’re hitting them regularly, you’re playing a low volatility game.
In other words, if you don’t want to spend a lot of money, you should play slots with less risks so that you may extend your game session with small but regular winnings. On the other hand, if you enjoy taking chances and can afford to play with more money, you should seek for medium to high volatility slots that can give huge wins but on a less frequent basis.
Is There a Difference Between Volatility and Variance?
In casino jargon, there is no distinction between volatility and variance because both phrases are used interchangeably to describe games. Variance is a concept that is commonly used in poker but has also found its way into the realm of slots. Volatility, on the other hand, is mostly employed in finance as a statistical measure of a trade price series’ fluctuation over time.
How to Determine the Volatility of Slot Machines Using the Slot Machine Volatility Index
If you know the frequency of symbol combinations and odds, you might theoretically calculate slot machine volatility. However, in fact, it is a bit more difficult, and determining slot volatility necessitates the use of some complex formulae.
Whether you win or lose, slot machines are linked to a volatility index, which indicates how volatile the slot is, and this is not information that game creators are prepared to share publicly. The volatility index is the calculated sum of each combination, also known as its value, which also indicates how frequently this combination occurs in the overall sum.
High Variance Slots: What Does It Mean to Have a High Variance?
If you love taking chances, high-variance slots are for you. Although payments will not be frequent, when they do come, they will be massive. You’ll also get access to extra bonus features. Because high volatility can lead to strong emotions, high variance slots should only be played with a well-planned budget and with the proper attitude. Not to mention that these kind of slots frequently leave players empty-handed, since they lose more money than other types of slots.
Popular Slots with a High Variance
Book of Dead, Dead or Alive, Riches of Robin, Creature from the Black Lagoon, Jungle Jim, and the Lost Sphinx are among the most popular high volatility slots.
Slots with Low Variance: What Does Low Variance Mean?
Low variance slots, as opposed to high volatility slots, provide lesser rewards but more often. When you start spinning the reels of your favorite low volatility slot, expect immeasurable low value winning combinations to occur every fifth to tenth spin, on average. If you are new to the world of online casinos, these types of slots are ideal for you. Low volatility slots are also popular among online gamers who prefer to have fun rather than take risks.
Popular Slots with Low Variance
These include Starburst, Thunderstruck 2, Bloodsuckers 2, Agent Jane Blonde Returns and Big Bad Wolf, to name a few.
Slots with Medium Variance: What Does It Mean?
In some way, medium volatility slots combine the benefits of both high and low variance slots. When compared to high volatility slots, they give smaller but more frequent payouts. Slots with a medium variance provide a considerably greater payoff than those with a low volatility. It also helps to be aware of what you’re spending, so that you can play for a longer period of time compared to high-variance slot machines. Why are medium variance slots so popular?
Some of the most popular slots with a medium variance
The list of medium variance slots is limitless, but some of the most popular titles are Jumanji, Game of Thrones, Vikings Go Berzerk, Gonzo’s Quest, Nikola Tesla’s Incredible Machine, Hugo 2, Guns n Roses, and Dracula.
High Variance versus Low Variance: Which Is Right for You?
Volatility is a personal taste. As long as there’s a possibility to win that enormous jackpot you’ve always wanted for you, those who prefer high-volatility slots may be quite content with less regular winnings. Those who favor low-volatility games, on the other hand, may enjoy the consistent rewards they provide.
To a large extent, it depends on the amount of risks that you’re prepared to take on. High-volatility slot machines come with a higher potential payout and a better possibility of scoring a massive jackpot. The low volatility slots will appear like a better option if you’re playing for pleasure, do not have a huge bankroll and are not ready to take chances.
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