“Slot Volatility” – a term almost every gambler has heard, yet only a few understand the true meaning of it. Slot volatility plays a significant role in enhancing slot playing experience. The term volatility refers to the risk associated in a casino game. It determines how often and how much you can win from a slot machine.
In this article, we will discuss everything about slot volatility, and it’s relation with variance and RTP in the best online casino nz. So, stay tuned with us as we take you to the journey through slot volatility.
Slot Volatility: The Definition and Different Types
Volatility (also known as dispersion) is the risk involved during a specific casino game. And the term slot volatility is used to let the players know whether a slot is going to pay out soon or not. It also indicated how big the next payout is going to be.
Based on the difference between the maximum and minimum payout, slot Volatility can be of three types: High, Low, and Medium. Let’s discuss these different types of slot volatility and when you should play each type of slot.
What’s a High Volatility Slot?
As we’ve said earlier, highly volatile slots possess a considerable difference between their highest and lowest payout. Whenever you see a slot six or seven digit jackpot, you can be confident that the volatility is pretty high for that slot.
That being said, slots with high volatility are much riskier compared to their low and medium volatility counterparts. You may face a dry spell playing this type of slot. However, they are the ones making it to the headlines for churning out millions in prize money.
Who Should Play High Volatility Slots?
- People with go big or go home mentality
- Adrenaline junkies who love the thrill of a massive win
- People who can afford to take some risks
- Gamers who want to change the course of their life by winning a huge jackpot
What’s a Low Volatility Slot?
Slots with minimal difference in win amounts are considered as low volatility slots. This type of slot disburses many small & mid-sized payments, thus matching the promised RTP ratio made by the owner. That means, playing a low volatility slot for a long time will generate sufficient wins to compensate for your efforts.
Since these slot machines have a low upper cap in the payouts, you can not get an earth-shattering jackpot that can make the headlines tomorrow. Because of their frequent payouts, these slots are perfect for newcomers to try their hands on.
Who Should Play Low Volatility Slots?
- People playing to have some fun
- Newbies who want to gather some experience in slots
- People with smaller bankrolls who don’t want to take much risks
- Casual players who want to enjoy their gambling sessions
What’s a Medium Volatility Slot?
The contented compromise between low and high volatility slots are known as medium volatility slots. Throughout the match, these machines will generate plenty of mid-sized prizes while giving out rare enormous jackpots, often upto 2000x of the original bet.
If you love big jackpots yet don’t want to take too much risk, then you should go for a medium volatile slot. Playing it puts you on the race to a jackpot while offering a number of bankroll saving payouts from time to time.
Who Should Play Medium Volatility Slots?
- People who chase big jackpots with calculated risks
- Newcomers who want to take their pursuit to the next level after spending a considerable amount of time in low volatility slots
- People with low bankroll yet craving for jackpots
How to Calculate volatility?
Slot developers never publish the volatility data to the players yet, volatility of a slot can be determined. There are a number of ways to calculate a slot’s volatility.
- You can get the readymade data for famous slots by merely putting up a search on Google
- You can also make an informed guess by comparing the payout difference between a 4 same-symbol payline and 5 same-symbol payline. For low, medium, and high volatile slots the difference will be 3 to 6 times, 7 to 10 times, and 12 to 15 times respectively
- You can also guess volatility data by gauging the frequency and amount of payouts. When you seldom get the win in a slot, that suggests you’re playing a highly volatile slot. And, the vice-versa is true for low volatility slot
The volatility rating is a piece of vital information that gamblers often search before settling for a slot. These different levels of volatility is to cater to gamers of all risk-taking capability. If you’re new to slots, our recommendation is, you should play demo versions and try to determine the volatility before making a move on a real slot machine. Also do not go directly for a high volatility slot without having enough exposure to the game. Play fair play safe.