Both volatility and Return-To-Player (RTP) play a pivotal role in casino slots, so comprehending how these two affect your gameplay, can help you create a strategy.
Slots have various volatility levels, so knowing how to use volatility together with RTP in your favour can help save your bankroll and ultimately prolong your gameplay.
Volatility, in short, refers to the risk level of you losing your bet when playing casino games. It also influences how much money you could win in the long run.
Depending on whether the slot game of your choice has low, medium or high volatility levels, they each come with various benefits which you should use to your advantage.
Of course, as a player, you are always looking to win more cash when you are gambling online so you might be in search of slot games with a low-risk factor. In an ideal world, we’d avoid high-risk slots and stick to low-risk ones but in the online casino world, developers, as well as some experienced gamblers, still prefer slot games with a high volatility factor.
Some players play slot games with various levels of volatility for a myriad of reasons. Granted, that slots with low volatility pay a lot more often, the big wins lie with high volatility slot games. Low-risk slot games pay on a more regular basis, their wins are on the smaller scale.
On the other hand, slot games with high variances don’t pay out on a regular basis but the wins are on a much larger scale.
What type of variance you should be going for, depends on various factors. It all depends on what type of gaming experience you are after, how much money you can afford to lose and the game’s RTP.
Betting known as Return-to-Player, RTP is expressed as a percentage in casino games. Most online slots have an RTP between 93 and 98%, while some developers create slot games with a slightly higher RTP than others.
Let’s put this into perspective. The RTP is the expected amount per bet. If you wager £50, you can expect circa £48 back. This is applied to a specific number of spins as well as a theoretical value so there are no rules attached to this. It does not, in any way, mean that if a slot game has an RTP value of 99%, you are expected to win 99% of all your bets back.
It comes as no surprise then, that the RTP affects volatility in slot games. It is the variance that ultimately decides the differences in theoretical RTP per single session. It is because of this reason that slot games with a low variance tend to alter from this percentage since they pay very small payouts but on a regular basis.
If you make a bet of £10 and win £15, that is an RTP of 150%. It is considered a very considerable win on such a game.
If you prefer slot games with high volatility, it also means that these games will vary from the theoretical example from the previous example. For example, if you spin 10 times and you win nothing, that’s an RTP of 0%. However, if you keep at it, you can expect a considerable payout.
For example, if you hit a win after your 300th spin, you can win 1,000x your bet with an RTP of 333%, which is quite steep when compared to the theoretical RTP.
It is because of this very reason that high volatile slots have lower RTP percentages. Wins are much rarer, but when players hit a win, it’s quite significant.
Slot games of various volatility levels
Low Volatility: Probably the most popular type of slot game, low volatile slots pay frequently and have high RTP. Though payouts are on the smaller side, they will occur on a regular basis. In general, it keeps you going for quite a while.
Medium Volatility: These medium-risk slots means you can win both small and big payouts. They pay out quite frequently but much less than low volatile slot games. They can be quite frustrating to gamblers, since it is quite difficult to know when to expect a win. They are however, ideal for players who want something a little more exciting than low variance slot games and those gamblers who have a bigger bankroll. If you like to play a little longer, medium variance slots are ideal.
High Volatility: These slot games are not for the faint-hearted. High risk and quite fast-paced, a high volatile slot game doesn’t pay on a regular basis, but when you hit a win, it will be on a larger scale. Imagine, you can be spinning the reels for a long time without hitting a win but when you do, expect it to rain. When it comes to these types of slot games, it is always best to have a large bankroll, and that you can afford to keep on spinning since there will be a dry spell ahead.
The information is on the pay information sheet. It is always best to research before jumping in and spin the reels to any old slot. Once you have checked the RTP and volatility, have a strategy in place.
If you are after a big win, forget low volatility slots and always remember, that the longer you play, the more you are likely to lose it all due to the house edge.
Have a budget and set a loss limit when playing medium volatility slot games. Different strategies need to be applied according to the various volatility levels. You need to know when to go ahead and play on and when to quit.
When it comes to high variance slot games, these games will engulf your bankroll quite quickly. Make sure you have a bankroll big enough to afford spinning the reels without any rewards for a long time.