The pros and cons of high volatility slots
Ever wondered what a higher volatility slot is? Well, there is no need to wonder any longer as we have written a short but informative article to answer the question.
We’ll find information that we need to know about high volatility slots, including the pros and cons.
First things first, there are three types of volatility: low, medium and high. A low volatility slot is one where we tend to win often, but the size of those winnings tends to be somewhere around the size of our wager. This is the least exciting type of win.
On the other hand, we tend to win a little less often playing a medium volatility slot, but when we do, the amounts tend to be a little larger.
Frequently, both of these types of slots will include bonus games, extra wilds, sticky wilds, and free spins bonuses. Mainly, these features will help to stretch our bankroll so we can play for longer.
We can typically identify a low or medium volatility slot because the stated maximum payouts are usually up to around 250x or 1,000x total bet respectively. The volatility of a slot is determined by its random number generator (RNG) which is designed to have specific odds.
We can learn more about volatility here.
What does high volatility mean in slots?
High volatility, also known as high variance slot is one in which the payouts can involve huge wins compared to low or medium volatility slots.
It is essential to understand that higher volatility slots are unpredictable.
A high volatility slot has potential payouts that are much more significant, typically around 3,000x, 5,000x, 10,000x or even higher. There are also high variance slots such as Dead or Alive 2 and some of the Megaways™ slots that can reward prizes of somewhere around 50,000x to 100,000x bet!
|Variance||Types of wins||Win frecency||Risk-factor|
|Medium||Small to medium||Medium||Medium|
How does a high volatility slot machine pay?
The first thing to remember is that winning amounts on a high volatility slot anywhere near the maximum is extremely difficult.
For example, the probability of a Mega Win from 2,000x to 5,000x total bet is about one in 500,000 spins. The probability of a Mega Win of 5,000x total bet or more decreases to one in 2 million spins.
The probability of winning on the Book of Dead slot machine:
|Type of prizes||Size of the prizes||Win|
|Small||Up to 10x||3.2|
|Small||10x to 20x||80|
|Medium||20x to 100x||500|
|Large||100x to 250x||1,000|
|Very Large||250x to 500x||10,000|
|Huge||500x to 1,000x||50,000|
|Mega||1,000x to 2,000x||100,000|
|Mega||2,000x to 5,000x||500,000|
|Mega||5,00x or more||2,000,000|
The low probability is why it is essential to understand that the maximum payout in a high volatility slot can be considered more a theoretical amount. Compare this to the probability of winning a small amount of up to 10x total bet, which is about 1 in 3.2 spins and 1 in 80 spins for wins from 10x to 20x.
As one can see, the higher the volatility, the higher the potential payout but, the lower the probability of winning. This probability is not unlike a lottery draw.
Size of wins paid out by Book of Dead, Jumanji and Starburst:
The advantages of high volatility slots
It is no surprise that many players in Great Britain and around the world for that matter prefer to play very volatile slots simply because of the massive win potential. While there is a possibility of winning large sums of money over a period of time, it is not realistic to expect this to be normal.
Remember, we are more likely to drain our balance and require a higher bankroll.
Undoubtedly, the chance of Mega wins is a significant temptation for many players who can stomach a high volatile game.
The adrenaline rush is much more intense than a low volatility game offering relatively small wins.
As one can imagine, big wins are much more exciting! Always remember that there is a trade-off between the risk and returns.
Again, we can compare this to a lottery; only a slot game has a higher RTP.
Disadvantages of high volatility slot machines
One of the significant drawbacks of a high volatility game is that it will likely require a bankroll that’s higher to play it for longer. In other words, our balance is more likely to decline to 0 than to increase from a huge win.
Even smaller amounts of between 20x and 200x total bet have a lower probability of being won.
The reality is that it is not unusual to drain a bankroll by playing a high volatility slot without even winning a single bonus round.
For this reason, most players choose to play slots with low volatility or medium volatility instead.
High volatility slots are a higher risk and higher reward proposition. The odds of winning large amounts, however, are small. Players who decide to play a high volatility slot should understand that they are just as likely to lose their money as they are to win a modest amount.
This reason is why high volatility is not for everyone. Of course, nothing can replicate the thrill of playing for the chance to win huge sums which is okay, provided that we follow the principle of responsible gambling.
Players prepared to play a high volatility slot can find the best ones at the UK Gambling Commission licensed and regulated PlayOJO.