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Volatility and Variance in Online Casinos

01 May, 2025

Nick Davis

Volatility and variance are two crucial concepts that casino players should be familiar with. They can help you understand your chances of winning in different games and the risks involved. In this guide, we will delve into these concepts and discover why they are so important for players.

Introduction: What is Volatility and Variance?
Exploring Volatility Levels • Low Volatility • Medium Volatility • High Volatility Top Low Volatility Slots: Ideal for Beginners
Popular Medium Volatility Slots: A Versatile Choice for Most
High Volatility Slots for Thrill-Seekers

What is Volatility and Variance?

In the context of casinos, volatility refers to the fluctuations in your winnings and losses over a specific period. If a game has high volatility, it means you may experience extended periods of losses but also have the chance to win big. On the other hand, a game with low volatility will provide more frequent but smaller wins. Variance is a statistical indicator that shows how much your results in a game can deviate from the expected average results. Understanding volatility and variance enables players to make more informed bets and choose slots that align with their gaming style and risk appetite. For instance, if a player prefers stable and frequent wins, they should opt for games with low volatility. If a player seeks excitement and is willing to take risks for a substantial win, high volatility games might be the best choice. No matter what type of slot you prefer—whether it's high volatility for massive payouts or a game with balanced dispersion—always aim for the highest RTP possible. A higher Return to Player (RTP) percentage means better long-term odds of winning, ensuring you get the most value out of your gameplay. Even in high-risk slots, maximizing RTP increases your chances of securing significant returns over time: ➤ What is RTP in Casino Games

Exploring Volatility Levels

Volatility in slots determines the frequency and size of payouts. It can be high, medium, or low. Let's break down each of these levels:

Low Volatility

Games with low volatility often yield small amounts. This means you can expect numerous small wins during your gameplay. These games are ideal for those who prefer extended playtime with lower risks of losing a significant amount.

Medium Volatility

Games with medium volatility offer a balanced experience between low and high volatility. You can anticipate moderate payouts at a relatively regular frequency. It's a good choice for those seeking a middle ground.

High Volatility

Games with high volatility may not pay out for a long time, but when they do, the amount can be substantial. These games are suitable for risk-taking players willing to risk their deposit in hopes of a large win. The choice of a game with a specific volatility level depends on your gaming style and budget. If you prefer a safer gaming experience, go for low volatility slots. If you are ready to take the risk for a big win, high volatility games are your best choice.

Top Low Volatility Slots: Ideal for Beginners

• Starburst by NetEnt – RTP 96.09% • Blood Suckers by NetEnt – RTP 98% • Thunderstruck II by Microgaming – RTP 96.65% • Book of Dead by Play'n GO – RTP 96.21% • Gonzo's Quest by NetEnt – RTP 95.97% These slots are well-known for their low volatility, making them a perfect choice for players looking to enjoy the game without taking significant risks.

Popular Medium Volatility Slots: A Versatile Choice for Most

• Divine Fortune by NetEnt – RTP 96.59% • Grease by Playtech – RTP 95.55% • Hades Gigablox by Yggdrasil – RTP 96.00% • Sweet Bonanza by Pragmatic Play – RTP 96.51% • Wild Neon by Push Gaming – RTP 96.53% • Big Bad Wolf by Quickspin – RTP 97.34% This list is based on popularity and player reviews. However, keep in mind that player preferences may vary, and what's popular for one may not suit another. We recommend trying out several slots from the list to determine which one you like the most.

High Volatility Slots for Thrill-Seekers

• Money Train 4 by Relax Gaming – RTP 96.1% • Razor Returns by Push Gaming – RTP 96.55% • Sloth Tumble by Relax Gaming – RTP 96.11% • Brute Force by NoLimit City – RTP 96.08% • Bonanza by Big Time Gaming – RTP 96% These slots are known for their high volatility, meaning they can offer substantial wins but also extended periods without wins. If you're willing to take the risk for a big jackpot, these slots may be precisely what you're looking for.If you found this information interesting and helpful, we recommend reading: ➤ Reducing RTP in Online Casinos: What It Is and Why It Matters

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FAQ

Volatility refers to the frequency and size of payouts, while variance measures how much a game's results deviate from the expected average.

If you prefer steady wins and less risk, choose low volatility. For a balanced experience, go for medium volatility. If you're seeking larger but less frequent payouts, high volatility slots are ideal.

Yes, higher RTP percentages generally offer better long-term odds of winning, making them more favorable, especially in high volatility games.

Starburst by NetEnt, Blood Suckers by NetEnt, and Thunderstruck II by Microgaming are popular low volatility slots with frequent but smaller payouts.

Yes, high volatility slots are riskier because they offer fewer wins, but the potential rewards are usually much larger when you do hit a payout.

Medium volatility slots offer a balanced experience, with moderate wins at a regular frequency, making them a good choice for players looking for both excitement and stability.