What does volatility mean in slots?

Slot machines, commonly found in casinos and online gaming platforms, are gambling devices that offer a simple yet captivating form of entertainment. Unlike other casino games that may require skill or strategy, such as poker or blackjack, slot machines are predominantly based on chance.

This aspect of luck appeals to a broad audience because it levels the playing field and give both beginners and experience gamblers an equal shot at winning. The appeal of slot machines also lies in their diverse themes and engaging visuals, often enhanced with bright colors and dynamic sounds.

What is volatility in slots?

Volatility in slot machines is a term used to describe the risk associated with playing a specific slot game. It reflects how often and how much a player can expect to win during a session. Generally speaking, volatility is categorized into three types: low, medium, and high.

Low volatility slots

• Typically offer more frequent wins, but the payouts are often smaller.
• These types of games are ideal for players who prefer a longer playtime with a smaller bankroll, as they provide more consistent, but lower, returns.
• Players can expect a steady experience with fewer dry spells, but the chances of hitting a massive jackpot are relatively lower compared to high volatility slots.

Medium volatility slots

• Strike a balance between the frequency of wins and the payout amounts.
• They offer a moderate level of risk and reward, making them suitable for a wide range of players.
• These games provide a blend of regular smaller wins and the potential for larger payouts, though not as big as those found in high volatility slot machines.

High volatility slots

• Characterized by less frequent wins, but the payouts can be significantly larger when they do occur.
• These slots are appealing to players seeking big wins and are willing to endure longer periods without a payout in anticipation of a substantial reward.
• High volatility games are often associated with high rollers and players who have larger bankrolls and a preference for a high-risk, high-reward gambling.

Return to Player

While the concept of Return to Player (RTP) is related to slot machines, it’s important to distinguish it from volatility. RTP is a long-term average return, but it does not directly inform players about the frequency or size of wins, which is the realm of volatility. A brief mention of RTP is relevant, as it provides an overall expectation of returns, but it is volatility that gives players insight into the nature of the game’s payouts.

Understanding volatility is key for slot machine players, as it helps them choose games that align with their personal preferences and risk tolerance. Low volatility games are best for those seeking more playtime and smaller, consistent wins. Medium volatility games offer a balanced experience, while high volatility games are attractive to those seeking the excitement of large, less frequent payouts.

High or low volatility slots: Which is better?

The choice between high and low volatility slots is essentially balancing between opting for safer, more consistent gameplay and the potential of larger wins. Each type of slot machine caters to different player preferences and risk tolerances, making the decision a subjective one based on individual gaming styles.

It’s important to note that while high volatility slots can offer larger payouts, they also come with the risk of faster reduction of the player’s bankroll. This risk is what makes low volatility slots a safer choice for many, as the frequent smaller wins help maintain the balance, allowing for longer sessions.

Medium volatility slots also exist, providing a middle ground between the two extremes. They offer a balanced experience with moderate risk and reward levels, providing a mix of frequent, small wins, and the chance for larger payouts.

It’s all about personal preference

Ultimately, the choice between high and low volatility slots depends on the player’s personal preference and gambling strategy.

For this, you should consider:

• Your playing style; do you play to win a lot, or do you seek the thrill of winning big?
• Your risk tolerance, and how much you are willing to gamble.
• How long you want to play for.

Some players might prefer the steady, risk-averse approach of low volatility slots, while others may find the thrill and potential of high volatility slots more appealing to their personal style.

Slot volatility and RTP

Volatility and RTP are two fundamental concepts in slot machines that, while related, serve different purposes in the gaming experience.

• RTP is a measure of the percentage of stakes a game returns to players over an extended period, typically expressed as a percentage.
• Volatility, on the other hand, describes the risk level of the game, indicating the frequency and size of payouts.

The relationship between volatility and RTP is complex. A slot with a high RTP doesn’t necessarily mean frequent wins if the game has high volatility. Such a game might offer less frequent, but larger payouts, aligning with the long-term RTP percentage. Conversely, a slot with low volatility might offer more frequent wins, but these are likely to be smaller in size, contributing to the game’s overall RTP.

It’s important to understand that RTP is calculated over a long period and across many players, not per individual gaming session. Therefore, a high RTP game with high volatility might still result in fewer wins in the short term, due to the unpredictable nature of high volatility slots.

Similarly, a game with low volatility and a lower RTP might seem more rewarding in the short term due to its frequent payouts.

How to find low or high volatility slot machines

When choosing the right slot machine, several key factors should be considered to align with your gaming preferences and goals. Firstly, understand the game’s volatility. High volatility slots offer larger but less frequent payouts, suitable for players seeking big wins and willing to accept higher risks. Low volatility slots, conversely, provide more frequent but smaller wins, ideal for longer play sessions and minimizing risk.

In doubt on how to find high or low volatility machines? We got you covered. In our article on how to pick a winning slot machine you can find and extensive guide to what you need to know before choosing.