Slot machines don’t pay out continuously like most casino games. Instead, your results may vary widely from one session to the next. Because of these highly diverse outcomes, casino slot machines are considered volatile. You could win several big wins in one hour and lose hundreds of dollars in the next. It feels like all of these games are pretty sporadic. However, jiliplay online slot machines also vary in terms of volatility. You may be drawn to high volatility slots without knowing it. These games usually have bigger jackpots and more winnings, which makes them attractive. But before playing these games, you should know their pros and cons. Read on to learn about its pros and cons and more about volatility itself.
What is the volatility of slot machines?
Volatility measures how far short-term results differ from the statistical average. When the results are very different from the average, the results can be very unstable.
Mobile slot game, icon of man balance percentage
With regard to slot machines, this term often describes explosive results as measured by Return to Player (RTP). Slot machines don’t pay consistently like many other games. They offer a huge difference between the highest and lowest prizes. For example, if the game pays out as often as online blackjack, all casinos, whether brick-and-mortar or online, lose a lot of money. After all, it offers a much bigger prize than the average bet. Online slot machines must be inherently volatile to compensate for the large payouts at the top. As frustrating as these different outcomes can be, they are a necessary evil for the big jackpot to exist.
High and Low Volatility Periods
Many gamblers usually associate all slot machines with extreme outcomes. This line of thinking is correct to a certain extent. However, not all slots are created equal when it comes to volatility. Some offer more serious winning and losing streaks than others. Slot machines with big jackpots are very volatile. They don’t pay out very often to compensate for their huge jackpots. At the same time, slot machines with smaller jackpots are usually less volatile. These games can pay out more frequently because their reward structures are less extreme.
Two ways to calculate slot volatility
You don’t have many options to determine the volatility of an online slot machine or even a physical slot machine. In fact, there are really only two ways to solve this problem:
●View the help/info screen.
●Look at the payroll.
Some casino slot machine developers offer volatility ratings to their games. You can view this rating simply by visiting Help/Stream. Example: Pragmatic Play uses a rating system of 1-5 lightning bolts. Five lightning bolts represent a very unstable slot machine. However, the problem is that most slot machines do not have such a rating. In this case, you need to use the second option, which involves viewing the pay scale. When estimating a game’s volatility, you should consider several factors.
The following are aspects that may indicate high variance:
●Multiple large non-jackpot prizes (eg 500 coins or more).
●There are few small prizes (eg 10 coins or less).
●Three or more bonus features
A slot machine does not necessarily need all of these features to be mutable. However, 2-3 of these aspects may indicate possible extreme outcomes. Using these factors to determine volatility is not a perfect science. However, you can improve the process by understanding how each element relates to the industry. The grand jackpot is usually anything worth $100,000 or more. Big progressive slot machines have to pay less for huge payouts. When looking at jackpots, always consider the “seed” amount rather than the current value. Developers are only concerned with what they have to seed the jackpots with when setting the volatility of their games – not how much those jackpots grow. Regarding volatility, the amount of big and small payouts is self-explanatory. Games with higher payouts cannot offer as many low payouts as compared to small payouts. Additional bonus features provide more opportunities to collect big payouts. Online slot machines with all these features don’t pay out as often.
Pros of High Volatility Slots
I mentioned earlier that high variance slot machines are popular among players. Their big jackpot is a huge selling point. However, this is just one example of where volatile slot machines are worth playing. Check out all the key benefits below.
You can win big
No other online casino and land-based game offers a get-rich-quick opportunity like slot machines. Of course, you have to play the right slot machine to win the jackpot. I mentioned earlier that high volatility slot machines usually offer the biggest jackpots. Some of these games have prizes worth seven or even eight figures. Megabucks found at a Las Vegas casino once paid out a jackpot worth $39.7 million. It also offers many other eight-figure awards.
Mega Moolah Jackpot Wheel Slot Machine Screen
Low volatility slot machines can also offer decent payouts. However, they will never come close to the multi-million dollar prizes offered in volatile games.
You will have access to more bonus features
Slot machine bonuses have become very advanced over the years.
Some slot machines now offer detailed mini-games as rewards.
Of course, the world of casino slots is filled with many other types of bonuses. Free spins, scatter pay, click me feature and cascading reels are just a few of them. Many gamblers are initially attracted to slot machines because they want to spin the reels and win big. However, bonuses are part of what keeps them coming back.
Bigger regular wins
The jackpot gets all the attention in the slot machine world. However, the chances of winning these awards are very slim. Large non-jackpots are the most realistic route to casino slot machine wealth. Larger payouts increase your odds of a significant win. Most slot machines do not offer many payouts worth 500 coins or more. But you can still find games with multiple bigger prizes.
Disadvantages of Low Volatility Slots
Chasing big jackpots and trigger bonuses is exciting. But the more volatile slot machines are far from perfect. They have several drawbacks that might make you reconsider playing them. Here are the biggest drawbacks of these slot machines.
You won’t win that much
Popular streaks, where you can get a lot of small payouts in a short period of time, can be almost as satisfying as winning the jackpot. Unfortunately, you won’t experience this kind of fun in a high-volatility game. These slots pay almost the same frequency as the less volatile machines. As a result, you will experience more losing streaks. Sitting in front of a slot machine and losing over and over is never fun. However, for high variance games, you have to accept this more often.
These slots make money management more difficult
Money management is a key aspect of getting more entertainment out of slot machines. Properly managing your bankroll allows you to prepare for potential losses and avoid over betting. But highly volatile games make the process more difficult. You don’t know what to expect, which makes judging how much money you need more difficult. I’m assuming you don’t get a big win, you typically lose 200-300 stakes per slot session (average stake). More volatile games are at the higher end of the range. You can still have a money plan for these types of casino slot machines. Remember, though, that your plans have a greater chance of going off track.
High volatility leads to high sentiment
Playing slot machines with extremely high payout percentages can lead to an emotional roller coaster. You might win thousands of dollars one day, but lose it all the next few days. Some gamblers crave these wild mood swings. They like to experience highs and struggle with lows. However, if your mindset is different, you should not play volatile casino slot machines. Online casinos are filled with many other games that will give you a thrill without causing a near-panic attack.
RTP using these slots means less
RTP is a good way to judge how much you can win back from a slot machine. However, it has less short-term significance when more volatility is introduced. The payout percentage simply indicates how much the slot machine will pay out over time. That’s not a great indicator of what you can expect to win in the next few games. When it comes to volatile slot machines, you won’t know anything. Even if one of the games has an RTP of 97%, it can yield 25% to 300% returns in the short term.
Your funds will run out faster
Most slot machines pay between $0.92 and $0.96. On a per bet basis, they are not terrible bets. I However, considering the speed of the game, slots can drain your bankroll very quickly. This fact is only truer on really unstable slot machines. Of course, it is still possible for you to win big and increase your bankroll. But you also have to take into account the increased chance of losing everything.
Many gamblers don’t even consider volatility before choosing a slot machine. Instead, they sit and play whatever game has the funniest theme, best graphics, and/or biggest jackpot. However, ignoring volatility can be a mistake. You want to consider how the features and payouts of the game will affect your short-term winning chances. Of course, that’s not to say you should discount graphics and themes. After all, casino slot machines are first and foremost about the entertainment aspect. However, be aware of how volatility can affect your payout frequency. In unstable games, you will usually win less. This situation can cause problems with money management and scaling your slot machine sessions. When more droughts happen, you’ll also experience more setbacks. But again, as long as you can win big and trigger more bonuses, you’ll be fine with these issues. It’s up to you to decide if the advantages outweigh the disadvantages.