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Understanding Volatility in Slot Games

  • July 18, 2022

Introduction

Slots are games of pure luck, but not all machines reward the same way. Some machines pay more frequently, while others can award bigger prizes. The concept of volatility is crucial for understanding the difference between slot machines.

In this article, you’ll read about the difference between volatility and variance and how both concepts can affect your gameplay.

Defining the Concept

Apart from a few experiments with skill-based slots, most games are entirely random. Players can choose how much to bet, which lines to activate, and not much more than that. The results are created by a Random Number Generator (RNG). The frequency of winning combinations given by the RNG will depend on the volatility of the machine.

Indeed, the RNG is not entirely random. The game’s algorithm determines the Return to Player (RTP) rate, which is the percentage the machine pays back in the long run. Games with high RTP rates pay more often than those with low RTP rates.

Volatility vs Variance

Both concepts are similar but not equal. Variance concerns long-term results, while volatility expresses short-term statistics. Levels of volatility and variance may change from a game to another. Platforms like NetBet offer slot games for all tastes.

Different Volatility Levels

In short, slots can be divided into three levels of volatility, depending on the RTP rate. A high RTP rate means that the game pays out often. It also means that prizes tend to be lower. Lower RTP rates mean the machine pays out less frequently, with potentially higher prices. Medium volatility games lie somewhere in between.

Bonus features are also linked to RTP. The more bonuses a machine has, the lower are the chances of winning. Free spins, Pick Me offers, multipliers, and other features typically compensate for low odds.

How Volatility Affects Your Gameplay

Nothing can change a machine’s volatility. Still, being aware of it can help you manage your bankroll better. If you have a tight bankroll, you’ll probably want to go for lower volatility games. They require lower bets and payout often, although prices tend to be small.

Now, if you’re after big wins and have a more flexible bankroll, high-volatility games can be pretty thrilling.

Tips for Better Gaming

Knowledge is power. It’s essential to understand every aspect of the machine you’re planning to gamble on. Trying out demo versions is one of the best ways of getting acquainted with a game. Here are some points that are worth observing.

Check RTP and Bonuses

Now we know how vital RTP rates and bonus features are. Check them before starting the game.

Understand the Paylines

Have a look at the paytable and paylines before placing your bets. Some machines have fixed paylines, while others have more ways to win, depending on your bet.

Check Reviews

Reviews are quick and safe ways of learning more about a game. Reviews bring information about the theme, gameplay, aesthetics, and more.

Conclusion

Despite being a game of pure luck, slot machines have particularities worth noticing. A better understanding of the machine’s details allows for better gambling, and ultimately, more fun.

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