What is slot game volatility and why does it matter?

Slot game volatility, also known as variance, is a critical factor to consider when choosing which slot games to play. It measures the risk involved, how often you can expect to win and at what levels.

If you frequently play slot games online, you may encounter a lot of terminology. While some terms are easy to understand, others can be a bit confusing. One key term to know is "volatility," which is essential in understanding how a slot machine pays out.

What is slot game volatility?

Volatility, also known as variance, is typically categorized as low, medium, or high, although some websites may use different descriptors. Each volatility level has its pros and cons, and the preference for a particular level depends on a player's individual slot game preferences.

So, what does volatility mean? Essentially, the volatility of a slot game indicates the level of risk associated with that game. It describes how often and how much you can expect to win during gameplay sessions. Volatility influences the payout rates and behaviour of a slot machine. Some games may have infrequent but substantial wins, while others may offer frequent wins of smaller value within a short period.

It's important to note that volatility is distinct from the Return-to-Player (RTP), but both factors determine a game's payout. Games with high and low volatility can have the same RTP, but the frequency and size of the wins will differ.

Low volatility slots

They pay out smaller, more frequent wins. These games are ideal for players who want steady, low-risk entertainment and prefer to keep their bankroll going for longer.

A lower volatility slot is generally associated with lower risk because it gives more frequent wins. However, while you can expect to score wins frequently, more often than not, there are smaller payouts. Therefore, low volatility slots are ideal for players looking for low-risk gameplay with regular wins but not necessarily chasing a big jackpot win.

To find out more, check out our guide to jackpot slots.

These slots are good for players who get easily bored if there isn’t a lot of action, as they usually have plenty of wins and bonus features. The good news is that some of the most popular slot games have low volatility. One example, and one of the most famous slot games available, is Starburst. Check out our Starburst game review to improve your gameplay before you spin the reels.

Big wins aren’t impossible, but they’re just not on the same scale as higher volatility games.

High volatility slots

These offer fewer but larger payouts. They attract risk-takers looking for the thrill of big wins, though the risk of losing more before hitting a payout is higher as you are either winning or losing completely.

However, while the payouts are large, they are few and far between. So, higher volatility slots are suited to players looking for excitement and who aren’t concerned about not experiencing any wins for extended periods of gameplay.

If you have lots of time, then high-volatility slots might be for you. You’ll need patience while you wait for the big bonus features to hit and for your balance to replenish.

One of our favourite high-volatility slots is Bonanza. Why not check out our Bonanza review if you're looking for thrilling gameplay?

Medium volatility slots

These are also something you might encounter. They sit somewhere between high and low-volatility slots and are a bit riskier than low-volatility games, but they are safer bets than high-volatility slots. 

So, what will actually happen when you play medium volatility slots? You can expect to see a fairly regular stream of small wins, but you will also experience a few bigger wins. There are fewer medium volatility slots available than high or low, but some of the top slots on the market have a medium volatility.

When choosing a slot game based on its volatility, it ultimately depends on your personal slot game preferences. It may require playing a few games to determine the level of volatility that suits you best.

Ready to play? Read our slot reviews to find your perfect match.