What is Volatility and Variance in video slots?
What is volatility and variance?
Often when you come across video slot games we see details about the volatility, but what are they? Volatility and variance are actually the same when discussing video slots. They are how we describe the amount of risk that a specific game has when playing it. We also use it to express the type of experience you will get from the game, how often and how much you can expect to win.
While a lot of this is all based on personal preference when picking a slot game to play, there is more to it. Below we will discuss what is volatility and how the different levels affect the game. You can use this to determine which games you want to be playing and when you want to play them.
What is Volatility: High
The higher the volatility, the higher the risk. Games with this amount of volatility will offer the largest payouts but have the least win frequency. This means you could play a game with high volatility and go on a very long losing streak. This is countered when the reels align and the bonus features kick in, creating the massive payouts that you have been hunting.
When to play high volatility games.
These types of games are favourites to the thrill-seekers who prefer games with a chance for big wins. Before you get started with high volatility, you will need a lot of patience and a lot of cash.
Because wins are so far apart, you could be waiting for a long time before you see any payouts. This can take a lot more coins to get there too. Remember that staying to your budget is the most important thing and with these games, it’s possible that a win never comes.
We recommend games with high volatility to players who want to get their adrenaline pumping and have a budget to keep it up.
What is Volatility: Low
As the complete opposite of high, games with low volatility have a much lower risk. While wins are smaller, they are also more frequent creating a lot of excitement that can last a long time. This is not to say that these games can’t have big wins, but the wins will be significantly smaller in comparison. Due to there being many small payouts, you can spend a lot more time with these games as it will stretch your budget out.
When to play low volatility games.
If you are just looking to have fun or want to spend a lot more time playing a game, low volatility is for you. These games will also make a lower budget go a long way, so they are perfect for small bets for a lot of fun. Just be careful, the payouts, animations and bonus features could have you spending more time than you initially intended for the session.
We recommend games with low volatility to players who have a smaller budget or want longer sessions that have less risk.
What is Volatility: Medium
As the name would suggest, games with medium volatility are the perfect compromise between the previous two. In these games, you will have more frequent wins than high volatility with bigger rewards than low. This allows you to chase after a big win with less risk and sometimes smaller wins in between to keep your bankroll going.
When to play medium volatility games.
When you are looking for extended fun and the adrenaline of big win chasing, medium slots are perfect for you. You will need a bigger budget as the risk is significant, but that budget can keep you going for longer for more fun.
We recommend games with medium volatility to players who like small rewards while chasing a bigger win.
How to determine the volatility of your slot games.
Slot game publishers usually don’t like sharing the volatility of their slot game. However, there are two different ways in which you can determine the volatility of the games you are looking at.
The first way is to look at the prizes that are on offer. While this isn’t a foolproof method, it’s the quickest way to get the feel of the game. When you see the kinds of wins that make your eyes pop out of your head, chances are this game has high volatility. The exact opposite is true too. When a game offers very small payouts, it probably has low volatility.
The second way is more accurate but also more time-consuming. A lot of video slots will allow you to play them for free. This is a great way to see if you like the game, but it also lets you see the volatility first hand. Play a session for free and note how often you are landing on winning spins.
Now that you know the answer to “what is volatility?”
Why not try one of our own video slots that feature a wide variety of volatility. Below are our two recommendations to get you started. Demi Gods II has medium volatility that takes you on an adventure through Olympus. Undine’s Deep, on the other hand, is a highly volatile slot where you will dive under the depths of the water to find big wins.