Thinking about mathematical concepts such as volatility often generates difficult feelings for many players, however, when playing at online casinos you are under its influence all the time, even if you are not aware of it.
As a summary we can say that the Theoretical Return to Player (RTP) will determine the average return that a machine will offer from the total number of spins that are made, that is why it is always expressed as a percentage “RTP 98%”.
It is volatility that will dictate how aggressively this will occur. That is, the repetition over time and the amount that it will yield each time. Another way of expressing it is to say that it will determine “how lucky” you will be.
So slots are usually divided into three types of volatility or variance: low volatility, medium volatility and high volatility. In this article we will explain these concepts in a very simple way, because once you understand them you will be able to play with more confidence, increasing your chances of winning and being able to plan your budget.
How does volatility influence slots?
The creators of slot machines know very well that the exciting part of the game is the unpredictability, the unpredictability that comes from not knowing exactly when we are going to burst with joy.
In a more technical way this feeling is called anticipation, and it is something they will always seek to generate in their players, as giving us a totally predictable machine would take all the magic out of it, transforming slots into something more akin to a fixed term than a casino game.
However, as we have already mentioned, the creators must also keep the casinos happy and generate profits for their pockets. So they have to balance the winnings and losses in a way that makes both sides happy, which is why they give us some clues so that we can know the degree of risk of each slot.
So the RTP will tell us what percentage of return we will have (the closer to 100%, the more prize it will distribute among its players), and the volatility will determine “the time that will pass between each prize and the size of the same”.
You may be wondering what’s the point of knowing all this, well the answer is simple. While some players may prefer slot machines that hit prizes in a row, not everyone is after that goal.
While volatility is not a definitive answer, but rather a rough idea of its style, you should choose it with the understanding that the higher the volatility, the more spaced out your wins will be, but also the juicier they will be. Otherwise, if you come across a slot with a low variance, you will receive more frequent but smaller prizes.
This information will enable you to plan a good strategy to get decent winnings, as well as to manage your bankroll much better.
Classification of the different Slots
As mentioned above, there are three types of volatility or variance in slots. Let’s take a closer look at them below.
Low Volatility Slots
Low volatility casino games are ideal for conservative players. These gamblers enjoy playing for the sake of playing, not primarily aiming to win money, but rather to stretch their bankroll and participate in the game for a longer period of time.
This is a type of player who enjoys the game but doesn’t like to lose and doesn’t mind not winning big prizes. It can be enjoyed by people who make slots a pastime while commuting to work or for a bit of fun.
If your slots provider does not point out the variance, you will be able to detect this type of slots playing. If you spend several bets without achieving a combo or a good payout, but small wins on a more regular basis, it is likely to be of this type. A good example of this style of slot is Jumanji, the game based on the popular Hollywood movie. We can also mention Guns N’ Roses, with a theme based on the popular rock band.
Slots Medium volatility
Right in between the lows and the highs are the medium volatility slots. Perhaps the most common of all, they manage to cater for both styles of player. What makes them so appealing is their irresistible combination of relatively juicy payouts and no time lag.
A clear example of this style is DragonGaming’s Winning Vegas, a slot that will transport you to one of the world’s gambling epicentres: Las Vegas. Another slot that meets the characteristics of reasonable payouts and not so spaced out was released recently: it is Cash Noire by NetEnt, a detective-themed game wrapped in an atmosphere of suspense and mystery.
High Volatility Slots
High volatility slots are for daring players, those who aren’t afraid to risk it all to break the bank. They are the kind of slots that will offer you the chance to win big money if you’re patient enough.
The winnings may take a while to appear, but you can be sure that they will come, and they are usually very big. You will be showered with prizes, free spins, wilds and mega bonuses.
If you fancy playing this type of slot, we recommend you play Dead or Alive 2, based on the second saga of the Wild West-themed video game. Another high volatility game is Arthur’s Gold slot, which has been designed by Gold Coin Studios, a Microgaming provider.