There are many terms which can be used to describe casino games. Some of these are slightly more technical than others. One concept that readers might have come across from time to time is “volatility”. What does this phrase actually signify? Why is it important when selecting the most appropriate game for your playing style? Let’s clear the air, and learn more about the role of volatility.
Volatility Defined from a Statistical Perspective
The best way to succinctly define volatility involves the chances of being rewarded during a specific round. Volatility will consider two main factors: the frequency of the win, and the size of the subsequent payout. Note that the word “variance” can sometimes be used as a replacement for volatility. However, the definition is still the same.
Does Volatility Apply to Certain Games?
It is best to use a real-world casino to clarify this next point. Major casinos such as Jackpot City online casino are equipped with thousands of different games. Slots tend to be an extremely popular category due to their relative straightforward nature. Basic slots strategies are also relatively simple when compared to other categories such as poker or backgammon. Let’s also remember that there are plenty of ongoing bonuses and promotions; a nice way to make the experience itself even more interesting.
Although some casino reviews will use volatility to describe the potential outcome of other games (roulette perhaps being the most well-known example), this term normally applies to slots alone. So, how can you use volatility to your advantage?
A Question of Risk Versus Reward
Slots games can generally be grouped into two broad categories. Highly volatile games offer fewer payouts. However, the winnings themselves tend to be more substantial. Low-volatile variants provide frequent payouts, and as you might have guessed, the rewards are smaller.
This is another way of saying that games known for high volatility are more risky. This is similar to jackpot competitions. It is much less likely to walk away with a massive jackpot when compared to a prize pool of smaller bonuses.
Finally, it is wise to point out that a “win” does not necessarily refer to a payout. It can also include one-off bonuses such as free spins, multipliers, wild symbols, or accessing a hidden slots round.
Putting it All Together
Ultimately, those who do not mind “letting it ride” will often be attracted to highly volatile slots games. Conservative players instead tend to gravitate towards low-volatile alternatives. Appreciating the basics of volatility will enable you to choose the best game for your personal playing preferences.
