Home /
News /
Volatility And Variance In Slot Machines – Does It Really Matter? /

Volatility And Variance In Slot Machines – Does It Really Matter?

As casino gamblers, we will often hear talk of both the volatility and variance of slot machines. The truth is that these terms mean the same thing. Essentially, it refers to how often a slot machine is going to pay out. Keep in mind that those that pay out more frequently tend to pay out smaller amounts when it comes to individual prize monies. Conversely, the slot machines that offer eye-watering amounts of cash, such as those famous progressive jackpots, will only payout once in a blue moon.

Rate this news

Volatility And Variance In Slot Machines

Variance and volatility, the twin “V”s, have been the buzzwords in the iGaming industry since the first casino games came out. But what do they even mean? What impact do they have at online casinos when you’re playing your favourite casino jackpot games? Today at Jackpotfinder.com we’ll take a deeper dive into these two terms and see what their respective effects are on the best jackpot sites.

Introduction: What Are Volatility And Variance?

First of all, it’s important to note that these phrases have the exact same meaning! Wait! What? Yes, volatility is what you really mean when you talk about variance. Also the opposite. Simply put, it’s casino speak. As with virtually all industry jargon, this is actually designed as a means of keeping you in the dark. So let’s shed some additional light on them nonetheless. Take note that if you gamble online at any reputable casino, then the websites must display the values that correspond to each game on offer.

Volatility And Variance: How These Affect Slot Machine

When discussing slot machines, there are a number of phrases that are used to describe “how” the machine operates. And this applies to both online and land-based slots. It’s just shorthand for the machine configuration. Whether it is set up to offer players frequent minor wins. Or lengthy losing streaks that are interspersed with larger victories. A slot machine with a lot of tiny wins is considered to have low volatility, whereas one with larger but fewer wins is said to have a high variance. High variation is frequently referred to as “streaky” in the casino industry.

Much Comes Down To Personal Choice

Now, the question as to which is a better wager depends entirely on personal preference. The kind of variance you’re searching for will be greatly influenced by your amount of patience and optimism. But with the high variance slot machines, it all comes down to a possible big gain but with a high risk. To this end, there’s a chance to win at least a thousand times the initial wager. Additionally, there is a higher likelihood that the numbers may line up to award you a large jackpot. This is especially true if you’re playing slots with additional rows of “wilds.”

Volatility And Variance: Beware Of Large Variations

If you’re playing at 22Bet Casino, then before assigning a slot machine the low-volatility or high-volatility classification, there are a number of variations you should consider. The first one is the maximum number of times that your wager can succeed. (Larger bet multipliers tend to equal higher variance.) Also, ask yourself how frequently do you get a winning spin on the slot machine. As an example, lower variance equals more frequent possibilities. Also, ask what is the typical payout on a winning spin. As a given, bigger amounts tend to result in higher variances. Take the following as a case study. You are playing a slot machine that allows you to win up to 100 times your wager. On average, every third spin, you see the results of a win, which is often equal to your initial wager. We would therefore say that this device would have a minimal variance.

Play Slots Online at the 22BET Casino

Examples Of High Variance Slot Machines

Due to its abundance of stacked wild symbols, Wolf Run is an excellent example of a slot machine with high unpredictability and volatility. If you can line them up, you might win a lot because nearly all of the 40 lines pay off. The Elvis Multi-Strike slot machine is yet another illustration of a high-variance machine. Its design is three-in-one. If you succeed in the first slot, you move on to the second, third, and so on. There is an x4 accumulator reward that is increasing your earnings each time. In order to gain the most if you want to win big, you must play the full 60 spins. Because of this, the machine has a very large variance. This makes it difficult to realistically increase your jackpot winning chances.

Volatility And Variance: Go Big Or Go Home

If you enjoy playing those massive progressive jackpot slots, then go for it. However, you should take note that they are all classified as having high volatility and high fluctuation. Obviously, the RTP or return to player for the simpler games is going to be significantly lower. Nevertheless, there’s still a chance to win a lot of money. Finally, you should be very particular in your search for older slot machines, especially if you enjoy low-volatility games. With numerous and regular smaller victories, Texas Tea and Lobstermania will keep you occupied. The advantage of this is that you can definitely stretch your bankroll out to last longer before running out of money.

The sole goal of low-variance slot machines is to provide an enjoyable experience for your money. However, you won’t be winning any huge jackpots. Unfortunately, you’ll never be the guy in the local newspaper holding the oversize cheque whilst grinning like a demented Cheshire cat!

Don’t Take These Factors Too Seriously

A quick search of the internet, and you’ll find a huge range of all types of rewarding and immersive slots at online casino sites like 22Bet Casino. Rather than venture out, why not curl up on the sofa at home and fire up the browser on your phone? It’s the quickest and most rewarding way to play online casino games. With the sheer ease of depositing and withdrawing your cash and winnings, there’s no better way to spend an evening. Provided you keep in mind the correct jackpot winning strategies, then there’s always the chance that you too could win the jackpot online. Just don’t fix on the volatility or variance too much and aim to enjoy your gaming experience above all else.