Slot Volatilities Explained
Amateur iGamers are often confused by technical casino lingo. Volatility is perhaps the best example. Casinos use the term to define the amount of risk associated with a game. It applies to slots and card games. While referring to slots, volatility describes payout intensity and frequency.
For example, a high volatile slot offers large payouts at an irregular pace, while a low volatile game offers much smaller payouts at a greater frequency. Since more volatile slots pay larger amounts, they are usually a crowd favourite. However, wagering in high volatile slots is a risky proposition. And hence popular among the experienced casino crowd.
Amateurs’ Guide to High Volatile Slots
High volatile slots have a huge difference between the maximum and minimum payout. Larger jackpots carry greater risks! So, every time there are reports of a million-dollar jackpot, it’s usually from a more volatile slot! The downside to such deals is huge investments, usually from more than a few gamers.
The concept isn’t hard to grasp once we introduce RTP and Hit Frequency to the equation. We have an entire story discussing the subject. You can read it here. In summary, RTP is the percentage of wagering amount that casinos return to players. While Hit Frequency defines how soon the slot lands on a winning combination.
Therefore, high volatile slots have a greater RTP and lower Hit Frequency to maximize payout and amplify the casino’s revenue. In theory, a player with very deep pockets and infinite time is bound to hit the jackpot. However, there is no way to predict the number of tries it’ll take to hit that jackpot. Wherein lies the problem!
So, are high volatile slots safe? Absolutely, not if you’re looking for casual entertainment. Your chances of hitting the jackpot on the first try are slim at best! But, is it fun? That depends entirely on your perception. If you enjoy the thrill of uncertainty, high volatile slots are fun. But if you’re like the rest of us who prefer playing with the odds in their favour, try low or medium volatile titles.
What are Low and Medium Volatile Slots?
As you might have guessed, the difference between maximum and minimum payouts is a lot less in low volatile slots, which makes it ideal for casual encounters and amateur gamers. These offer much lower RTP and greater Hit Frequency, meaning it’ll keep players engaged over extended periods without hitting any significant jackpots.
This brings us to the last subject on the list, Medium Volatile slots. These are a happy compromise, offering players loads of small and big wins. Although not at par with payouts from its high volatile counterpart, medium volatile slots perfectly preserve the thrill of competing for larger jackpots.
The bottom line here is to choose whatever makes you comfortable. If you’re in the mood for big wins and have the resources to back it up, try your hand at high volatile slots all you want! If you just wish to spend quality time at the casino without losing or making too much money, low volatile titles are your calling. For every other scenario, there’s a medium volatile slot!