We are going to talk about slot machine variance. It is an essential topic for those who can’t imagine life without slot machines, as understanding the concept directly increases the chances of success in this field.
Slot machines that are available in online casinos belong to different categories. They differ in several features.
One of them is the variance of the slot machine. The word “volatility” is also found. In terms of its meaning, it is the same as variance. It should be noted that Parimatch live casino works in the other way because it is not a slot but a live card entertainment.
What is the variance in slot machines?
Dispersion refers to the “volatility” or “risk” of a slot machine. It can be high, medium or low. In this material, we will consider in detail the characteristics of each of them.
Do not confuse volatility with the percentage of return to the player (RTP). The fact is that these are entirely different concepts. In slot machines, approximately 94% to 96% of the return to the player. But this is not indicative of the variance of a particular game.
The first machine often gives winnings, but mostly in small amounts. It indicates that there is a slight deviation from the average value. In the terminology language, this slot is low-dispersion.
- For example, the second machine gives wins rarely, but in a large amount. It indicates a high-dispersion slot.
- It is worth noting that such an indicator can be achieved only over a long distance; it is not the result of one or more gaming sessions.
- Furthermore, it is essential to understand that the value of the average bet about the total balance on the account will differ significantly in low and high-dispersion machines. In the case of low-dispersion slots, you can bet 1/50 – 1/100 of the credit, but in high-dispersion slots, it is better to be more careful and bet at a rate of 1/500 of the balance. In simpler words, the higher the dispersion rate, the greater the number of empty spins. A good reserve of cash is necessary here. But here, the winnings are also much more significant.
Slots with high variance
A low hit rate characterizes slots with high variance. In other words, it is rare to win. These winnings are rarely paid out. But the winnings are vastly higher in case of success, unlike slot machines with low and medium variance. These slots are challenging to play, but many players prefer this type of machine, as there is an opportunity to get winnings in the range of 100 to 1000 from the initial bet made.
Low variance slots
If we consider the variance from the other side, those slot machines with low friction are characterized by a higher hit rate and low volatility. When playing on such slots, the player receives many winning payouts with a low value. At first glance, the balance does not change at all. While playing on slot machines with low volatility, the risk of losing is lower, as regular smaller winnings simultaneously keep the game balance at the right level.
Slots with medium variance
As it has already become apparent, slot machines with a medium variance are positioned roughly in the middle. Such slots can offer the player wins with high and low jackpot sizes. They are not related to games with really low or high volatility. Thus, they cater to those slot players who are in search of the best of both options. Most slot machines available to play at online casinos are slots with medium volatility.
Jackpot games and variance
The most colossal variance is found in jackpot slots. But they have a longer cycle in which the prize pool is formed. At this point, only paltry amounts are given away. But then all the winnings go to only one player who was lucky enough to win. Of course, there is a considerable temptation to win such a prize, but the probability of falling out is many times lower. When you start playing this kind of slot, you should understand this.
Dependence of values on each other
There is a direct correlation between the coefficient of the biggest win, the cycle length of the slot machine and its variance. There is a logic in this. Each slot has its game cycle. As a rule, manufacturers do not disclose. At the beginning of the cycle is the “collecting” bets video slot. Thus, the higher the dispersion of the slot, the more likely there will be a drain of all bets.
How can you determine which category the slot belongs to?
Only in some cases is it immediately clear whether the slot machine has a low, medium or high variance. One of the ways to assess its variance is to look at the pay table in the game. When looking at the pay table with each game, you should compare the winnings assigned to the different winning combinations. You should compare the amount won per spin for three identical symbols on the same payline. Then, compare the amount won with a possible won amount for four or five symbols. If the comparison sees too significant a difference in payouts, it is more likely that the game is on a machine with a high variance. In this case, most of the winnings will be in the bonus games that can be triggered in the main game.
In summary, the level of risk is one that the player is willing to accept. The higher the level of risk, the greater the future reward and significantly more chances to rip off the jackpot. It is possible when playing a slot machine with a higher volatility level.
If the player is cautious and does not like risk, it is better not to try to play slot machines with a high variance. Beginners are better suited to slot machines with medium and low friction. Here, you can save the day and extend the game.
It is worth noting that you need to be extra careful when gambling. If you enjoy the winnings received after a few hours of play, this sphere is created just for you.