Understanding Volatility in Casino Games
When playing at new casino sites in the US, you'll quickly learn that not all games are created equal. After all, part of the appeal is the range of entertaining options available, which includes those with different themes, mechanics, and RTPs.
One factor in particular that contributes to payouts is the volatility of the games.
In this article, we explain variance and what the different volatility levels mean for you as a player.
What is Volatility in Casino Games?
When you start playing casino games, you may encounter volatility or variance. These terms both refer to the same thing. The word "volatile" relates to something subject to unexpected or fast changes.
The volatility of casino games varies, ranging from low to highly volatile. The software providers who develop these games use different risk-to-reward ratios, which determine the frequency and size of wins a player can expect.
Volatility also applies to table games. For example, a straight bet in roulette pays 35-1 and hits less frequently. It has higher volatility than an outside bet with a lower 1:1 payout, which occurs more often.
The volatility levels in casino games can be hard to find, but generally, you can tell after playing for a while.
At Gambling.com, we have a collection of free-to-play games. You can try these titles in demo mode to test the volatility with no upfront risk.
Low Volatility Slots
Low-volatility casino games are ideal for beginners and those who don’t like high-risk gaming. These slots offer smaller wins with regular frequency. Players can enjoy a longer gaming session, hit small wins regularly, and experience the best online slots and features with fewer spins required to hit the bonus.
Low-variance games are less risky than other titles. The maximum win on these slots is generally under 1,000x and lower than medium or higher-level titles.
We’ve listed some of the best low volatility slots to play at online casinos:
- Blood Suckers (NetEnt)
- DaVinci Diamonds Dual Play (IGT)
- Starburst (NetEnt)
Medium Volatility Slots
Medium volatility slots are the next step up and offer a medium level of risk with less frequent but more significant wins. Seasoned players appreciate these titles for the chance to win big while still hitting enough regular wins to have fun.
Compared to lower variance games, the dry spell between wins can be longer; however, the amount you can win also increases.
Casino games with medium volatility can offer players larger maximum wins, with many reaching over 1,000x the bet. They offer an excellent chance to win big, but sessions may still include losing streaks.
Here are some of our favorite medium-volatility slots:
- Action Jack (IGT)
- Cleopatra (IGT)
High Volatility Slots
High-volatility slots offer the biggest wins online. However, they fall into the high-risk category, and wins can often be few and far between. The high-variance model offers significant payouts, with maximum wins of 5,000 to 10,000x the bet.
High-volatility games can be both exciting and frustrating, with lengthy periods of no wins, punctuated by large wins that can pop up out of nowhere. They have unique features, such as free spins bonuses with progressive multipliers and enhancers to boost payouts.
These games are better suited to experienced players who understand the increased risks.
To test this gameplay style, try these slots:
- Divine Fortune (NetEnt)
- Forge of Gems (Play’n Go)
Final Thoughts on Casino Game Volatility
Volatility in casino games is an essential factor when choosing the best titles to play. It all comes down to personal preferences. If you like big wins with more risk, then highly volatile titles are the way to go. However, if you're a beginner, we recommend low-volatility games for reduced risk and more frequent chances to hit smaller wins.
FAQs
What does volatility mean in casino games?
Volatility in casino games refers to how often a game pays out and the typical size of those payouts.
Low-variance games award smaller wins more frequently, offering steady gameplay and lower risk. High-variance titles pay out less often, but potential winnings are usually larger, making them more appealing to risk-tolerant players.
Is high or low volatility better slots?
It depends on the type of gaming you enjoy. Slot games have different levels of volatility, including low, medium, and high. Highly volatile games offer big wins with less frequency, while low volatility titles provide smaller yet more frequent payouts.
What is a good strategy for high volatility slot games?
There is no way to guarantee a win when playing high volatility casino games. However, you can manage your bankroll and place smaller bets. Smaller wagers allow you to get the most spins from your balance and last through periods with no wins.
