Everything You Need to Know About Slot Volatility in 2023

Arm yourself with volatility knowledge in the world of online slots with our thorough guide to understanding volatility in slots. This article, a treasure trove for both beginners and seasoned players alike, demystifies the concept of volatility, variance, and risk levels in slots and teaches you how to use this knowledge to your advantage. Equip yourself with the insights provided and turn every spin into a more enjoyable and potentially fruitful gambling experience along with the best slots slites at which to find them

This comprehensive guide delves into the concept of volatility in slots. As a leading authority in the iGaming industry, we aim to equip you with a deep understanding of volatility and its impact on your gaming experience. Whether a novice or a seasoned player, this article will empower you to make informed decisions, leading to a more rewarding and enjoyable time spinning the reels.

What is Volatility in Slots?

Volatility, also known as variance or risk level, refers to the level of uncertainty and risk associated with a particular slot game. In essence, it determines the frequency and magnitude of payouts as you play. Slots can be broadly classified into five volatility levels:

Slot Volatility Levels

The spectrum of slots volatility extends from high to low. If the volatility is lower, your wins are more frequent, however with typically smaller payouts. Conversely, higher volatility leads to less frequent wins, but those wins are usually more substantial.

🌀 Insane Volatility Slots

Rather outside of the spectrum of 'normal' volatility ratings for online slots, introduced by NoLimit City Slots on 11th January 2022 with the release of Tombstone RIP, which coincided with their biggest Max Win [300,000x] The only other 'Insane volatility' slots since have been Karen Maneater [May 2022] and Folsom prison [June 2022]

Image: NoLimit City - Tombstone RIP was the first ever introduction of Insane Volatility

☠️ Extreme Volatility Slots

Again a NoLimit City introduction, Extreme volatility is a step above High volatility levels and was first seen in their November 2018 release Ice Ice Yeti, which coincided with the biggest max win they had released to date

Image: NoLimit City Slots - The first slot to go beyond 'High' Volatility

💥 High Volatility Slots

High volatility slots are where the action intensifies and is the most frequent level attributed to slot games these days. These games offer infrequent but substantial payouts. They are designed to cater to risk-takers and thrill-seekers, as well as those who have developed advanced gaming strategies. Playing high-volatility slots can lead to longer periods without wins, but landing a big win can be immensely rewarding.

Buffalo King Megaways is one of hundreds of high volatility slots to be found from Pragmatic Play

🔥 Medium Volatility Slots

Medium volatility slots strike a balance between low and high volatility games. They offer a blend of moderate payouts and reasonably frequent wins. Players who enjoy a mix of excitement and a chance at more substantial rewards often find medium volatility slots most appealing. One of the newest medium volatility slots is Le Bandit from Hacksaw

Le Bandit from Hacksaw is an example of the slightly rarer Medium Volatility slots

🎈 Low Volatility Slots

In low volatility slots, winning combinations occur frequently. However, the payouts are generally smaller. These games are ideal for players seeking more extended playing sessions, steady wins, and reduced risk of significant losses. Low volatility slots are a popular choice for casual players and those exploring the world of online gambling for the first time.

Starburst from NetEnt remains one of the most popular slots online today and is a perfect example of a low volatility slot game

The Impact of Volatility on Gameplay

The volatility of a slot game can really make a difference between one game to the next specifically in the value of wins. One aspect of High volatility slots is that many, in fact most wins, will be less than the stake of the spin - for example, a £1 stake may return lots of 40p 'wins', which, of course, actually 60p losses! This also means that when the big wins come along - very infrequently, they retain the potential of being huge.

The important thing to understand is the way this will play out in terms of potentially winning sessions and losing sessions, and the best way to describe this is visually.

The graphic below demonstrates how winning and losing sessions can be magnified at high volatility levels in comparison to the lower end of the scale.

🎉 Entertainment and Thrills

The level of volatility directly influences the overall excitement and entertainment value of the slot game. Low volatility slots offer steady, smaller wins, keeping players engaged without the worry of rapid losses. On the other hand, high volatility slots provide an adrenaline rush, as every spin holds the potential for a massive payout.

💼 Bankroll Management

Understanding volatility is crucial for effective bankroll management. For players on a limited budget, low volatility slots help prolong the playing time, as the risk of depleting funds quickly is minimal. In contrast, players with a larger bankroll might opt for high volatility slots to chase substantial rewards, accepting the possibility of longer losing streaks.

💰🎁 Bonus Features and Jackpots

Volatility also impacts the frequency of triggering bonus features and jackpots. In low volatility slots, bonus rounds and jackpots are more accessible, though with smaller payouts. High volatility slots, however, present a challenge and anticipation, as the big wins lie in the bonus features and elusive jackpots.

Choosing the Right Volatility for You

Selecting the ideal volatility level depends on your gaming preferences, risk appetite, and bankroll size. To assist you further, here's a simple decision-making process:

🎯 Assess Your Goals: 

Determine whether you seek extended gameplay with steady wins (low volatility) or are willing to take risks for a chance at significant payouts (high volatility).

💰 Analyze Your Bankroll: 

Evaluate the size of your bankroll and consider how much you are willing to bet per spin. High volatility slots demand a more substantial bankroll to withstand potential dry spells.

🕹️ Personal Preference: 

Consider your gaming style and emotional response to wins and losses. Some players thrive on the thrill of chasing big wins, while others prefer a more relaxed gaming experience.

Quick Read Slot Volatility Conclusion

To conclude, the volatility of an online slot game fundamentally shapes its identity, dictating everything from the frequency and size of your wins, to the thrill and potential risk associated with each spin. It is thus an essential factor to consider when choosing what game to play, making it as influential as its theme, graphics, or bonus features.

The spectrum of slots volatility starts from 'Insane' and trickles down to low volatility. Insane and Extreme volatility slots, brought to us by NoLimit City, possess immense potential for staggering wins albeit alongside higher risk levels. High volatility slots, a common facet of present-day online slots, offer fewer yet noteworthy wins aimed at those fond of risk-taking and employing game strategies. Medium volatility slots strike a harmony between risk and reward, providing enticing rewards with frequent enough wins. Low volatility slots, meanwhile, focus on consistent smaller wins, reducing the risk of substantial losses and catering to casual players.

Volatility significantly impacts gameplay, differently influencing winning and losing sessions, bonus features, and jackpots, along with the overall thrill of the game. Hence, it is crucial in managing your bankroll, particularly when playing high volatility slots as they demand a larger bankroll to endure potential losing streaks.

Selecting the appropriate volatility requires careful consideration of your gaming preferences, risk appetite, and bankroll size so as to enhance your gaming experience and potentially boost your winnings. Therefore, choosing the right slot game is more than just zeroing into an appealing theme, it's about aligning the game's volatility with your personal gaming ambitions. Remember, every spin counts, make it work in your favor. Happy spinning!