Online gaming lovers enjoy using tips and tricks to increase their chances of winning by playing our favorite slots. However, while some players study the RTPs of a game, others consider the volatility of slots as they have a better idea of what to expect during the gaming session, and if you haven’t try Wooricasino yet, this will be a good time. However, slot machines can vary significantly in terms of volatility.
With that in mind, in today’s blog, we will go over the main types of slot volatility and see how you can choose the suitable slot volatility for you, depending on your slot strategy and tactics. Here we go? Let’s go!
Casino players use the volatility of slots to plan their bankroll adequately. In other words, slot volatility is something that tells you how often you are likely to hit a winning combination, the size of the winnings, and the risk of the game.
Types of Slot Volatility and How to Differentiate Them
As most online gaming fans already know, there are three main types of slot volatility: high, medium, and low variance games. After some more precise rankings, slot machines can be divided into five volatility categories: high, medium-high, medium, low-medium, and soft.
The variation of the slot machine results (both online and land) is programmed in advance, based solely on the RNG. Since casinos and software providers do not always disclose this information, those who want to learn more about the variation of a slot machine that interests you will have to measure it yourself.
Suppose you spin the reels of a slot machine that can offer big payouts, but you don’t seem to hit the winning combinations often; that means you are playing a high variance game. However, if the slot you are playing on has smaller payouts, but you hit them frequently.
Play slots that are less risky so that you can extend your gaming session with small but more frequent winnings. On the contrary, if you like to take risks and can afford to pay for more money, you should look for medium to high volatility slots that offer big winnings but less often.
Volatility vs. Variance: Is There a Difference?
Variance is the term used very often in poker, but it has also carried over to the world of slot machines. On the other hand, volatility is mainly used in the financial sector to measure variations in a series of retail prices over time.
Slot Machine Volatility Index: How to determine slot machine volatility?
Hypothetically, you could determine the variation of slot machines if you knew the frequency of the symbol combinations and the odds of winning. Some complex equations are needed to assess the volatility of the slots.
Measuring the volatility of slots is not easy, but we will try to explain how to measure the volatility of places using an example. Here are some factors to consider:
Look at the pay table and see the difference between paying four and
Five equal symbols. If five identical symbols pay significantly more, you can assume it is a high variance slot. See what prices the software provider offers – large cash prizes usually indicate a game with high volatility. Be careful with the RTP and see if it is described as a high, medium or low volatility slot.
What does high variance mean?
If you like to take risks, high variance slots are for you. While there won’t be many payments, once they do, those payments will be huge. You also have access to other additional functions. High variance slots should only be played with a well-planned budget and the right mindset, as heightened volatility can generate heightened emotions. Not to mention, these types of places often leave players empty-handed as they lose more money compared to other slots.