You’ve probably noticed that the results of different gaming sessions on online slot machines are never the same. There are no guarantees and you can never predict the outcome of a bet. You can win a million Euros in minutes. When compared to other casino games like Baccarat and Blackjack, the results of different slot machines are very inconsistent. That type of game usually has a 50% win rate, but it is never guaranteed.
You’ve probably read or heard that slot machine volatility is high, but you’re not sure what it means
What Is Variance on Slots?
Volatility is a tool used to assess the likelihood of winning at a slot machine. It indicates the likelihood of obtaining a winning combination as well as its size. Volatility is the risk factor associated with a slot machine. It tells you how often and how much you can expect to win. So it’s just a factor that can help predict how your gaming session will go.
Volatility and RTP go hand in hand in casinos (payback percentage). The RTP gives you a percentage of the return you want to win over time.
Games with high volatility pay out less frequently, but when they do, they payout big, making up for the rarity. Slot machines with low volatility ratings pay out more frequently, but at a lower rate. The casino’s size and shape are irrelevant. Volatility is the same online or offline.
Most online casino games warn you about the game’s volatility ahead of time. Some casino games do not provide a fixed payout rating or percentage. Online casinos usually rate games based on their volatility. Slot machine volatility is thus rated from 1 to 5. You will get frequent small wins when playing a game with a volatility of 0 or 1. A game with high volatility (4 or 5 stars) will give you an explosive gaming experience with high payouts, but they will be rare.
You may prefer games with high volatility. For example, you may prefer high volatility games over low volatility games. Free demo versions allow you to test out the software. It is always best to try out a game for free before spending real money. Most popular game providers’ games are available for free practice.
Know the Math Behind Online Slots
The RTP of a game shows the theoretical return on a game and is measured in terms of winnings on a deposit. The RTP is calculated over time and never guarantees a profit. Your actual winnings are pure chance.
To Better Understand RTP, Consider the Following Example:
Pretend it’s a slot It has an RTP of 94%, giving the house a 6% advantage. The average slot machine payout is around 94%. That is, if you start out with 1000 DKK and play for an hour, you will likely end up with 940 DKK. The casino will thus make DKK 60.
Volatility is a concept distinct from RTP. But they’re related. Volatility measures a game’s risk. A game with a high volatility rating pays out 100x or 500x your bet. They can be 1,000x, 5,000x, or even more. However, you should be aware that games with high volatility have a low hit rate, which means winning is not easy. Low volatility games, on the other hand, pose little risk and offer frequent wins. However, due to the high payout rate, the payout size is not very high.