Math behind Volatility in Slot Games

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Volatility in slot games is a concept that many players don’t understand. Learning the math behind the volatility in slot games can improve the player’s chances of winning – visit wizard slots.

What is Volatility

Volatility is a prevalent slot concept that players will encounter. Volatility is also referred to as variance. The volatility of slot games pertains to how much risk is involved in a slot game. A slot with high volatility will be much riskier than a slot with lower volatility because the high volatility in a game results in the slot having much more infrequent payouts. However, these payouts will eventually be much higher than average when they do happen. Slots with lower volatility will pay out much more frequently. However, these payouts will be substantially less than higher volatility slot payouts. Players should always check the volatility of a slot game before playing as it can dramatically alter potential payouts; those with smaller bankrolls will generally want to stay away from higher volatility slots due to the risks involved.

Math Behind Volatility

By understanding the volatility of a slot game, players unintentionally understand the math behind a slot game as well. Players will encounter three levels of volatility while using slot games: low, medium, and high variance. Sometimes there is a crossover with these levels of variance; some slot games have low/medium volatility, for example.

  1. Low variance has a much lower risk than other types; the payouts will come much more frequently, making this level of variance perfect for players who want to enjoy an excellent, long gaming session.
  2. Medium variance is an excellent low and high balance; these slots offer a better balance of high and low payouts. The average slot will have this kind of variance, the gameplay is not as volatile as high variance slots, but there is still an element of risk involved.
  3. High variance is ideal for players with a larger bankroll and people who are considered high rollers. This is because the wins in these slots are less frequent, and players will have to get used to long losing periods while playing high-variance games.

RTP

While trying to understand slot volatility, players must be aware of what precisely the RTP is.

  • The RTP stands for return to player, and it is a percentage that indicates to the player how much return they can expect to see over some time.
  • Players can find the RTP of a slot game in its paytable. The average slot RTP is around 95%, but this percentage can vary. There are some slots with an RTP as low as 90%!
  • Most players choose a slot based on the RTP that it offers. The RTP will never exceed 99% as there needs to be a certain amount of house edge.

Final Thoughts

The slot volatility is about the amount of risk involved with a game. Slots with higher volatility will have less frequent wins but larger payouts, while lower volatility slots will have more common wins in a smaller amount.

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