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How does slot volatility work?

The excitement of winning when you crank a slot machine and the symbols start landing to form combinations is why slot games have become a beloved staple in casinos everywhere, even online. Never knowing when you’ll win the big prize keeps players wanting to try their luck again and again. 

But did you know that there’s a way to know how often you can win in slot games? One of the factors that can affect your chances of winning is slot volatility, and you can find out all about it here at Jackpot Casino.

What is slot volatility?

Slot volatility, or also known as variance, tells players how likely they are to hit winning combinations throughout the game, as well as how much they can win. Casino players use this feature to plan and estimate how long their bankroll will endure against the game’s computed risks of losing and winning.

Slot machines are categorised into three levels of volatility: high, medium and low. Here’s the difference between the various risk levels:

  • High volatility

High volatility is for players who enjoy taking risks. This level of volatility has higher risks but also bigger prizes in store. So you might win less frequently, but when you do get lucky, the rewards can be huge, with some slots paying up 3,000x up to 10,000x your wager.

  • Medium volatility

There are times when you don’t feel like going all in with your bets but still want to get a decent win. Medium volatility slots are between the high and low, so you can expect a little bit of both. Moreover, the great thing about this level is that it offers a ton of bonus features. 

Compared to high volatility slots, this level can give you more wins. The rewards might not be as grand as high variance prizes but the payout is still higher compared to low variance slots.

  • Low volatility

The last but certainly not the least are the low volatility slots. This level gives players frequent  wins but smaller prizes compared to medium and high volatility. Wins range from 250-500x your original wager. Low volatility slots might not reward as much as other levels but it can provide a steadier payout which makes it appealing to a lot of players.

Slot machine volatility calculation

You could calculate slot machine volatility if you know the frequency of how likely the symbols are to align. In reality, the actual slot volatility is calculated using complicated mathematical calculations. Luckily, slot machines already come with a volatility index rating as calculated by its gaming provider.

However, as a player, you can still determine how volatile a slot machine is through the prizes offered. A big jackpot can be an indicator that a slot game is either a medium or high volatility slot. And if the prizes are seemingly lower than the others, it’s most probably a low volatility slot.

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