Volatility in the online casino
10 min left

Volatility in the online casino

"Extreme volatility", "low volatility", "volatility to be reviewed" - have you ever heard of volatility, but don't really know what it means

Then you've come to the right place. 

In this in-depth guide, we're going to tell you exactly what volatility is, and all the concepts behind it. By the end of this article, we promise that beginners will have a firm grasp of this principle. 

For players who are already familiar with this term, we recommend that you stick around. You'll learn some very interesting things about volatility, including its direct relationship with Theoretical Return to Player (RTP). 

Which online casinos offer the best slot machines? 

Millionz Casino 

With over 6,000 games in its impressive gaming portfolio, Millionz is one of the best online casinos for slot machine games in Canada. 

From highly volatile slots like Gates of Olympus, to less volatile games like Sweet Bonanza, you're bound to find something to your liking. 

If you haven't signed up to this exceptional online casino yet, you can take advantage of an exclusive welcome bonus

  • +100% up to $1000 + 50 Free Spins! 

Exclusive bonus

Axe Casino 

Axe Casino offers you a unique experience, with the best slot machine games available on the Canadian iGaming market. 

We love the search bar that is available on this gaming platform, which will take you directly to the games of your choice. 

When we play on this site, we love to go to Sugar Rush, but you can also discover unique games such as Sticky Bandits Trail of Blood from software provider Quickspin

Don't forget to take advantage of the exclusive welcome offer that Axe Casino offers newly registered players: 

  • up to $3,750 + 150 Free Spins on your first 3 deposits! 

Casimba Casino 

If you're looking for a complete platform with the best slot machines available, Casimba Casino is the perfect site for you. 

On this gaming platform, you'll find thousands of slot machine games and over 100 game suppliers

In addition to this, the welcome package offered by this online casino lets you enjoy yourself in the best possible way: 

  • 200% up to $5,000 + 50 Free Spins on registration! 

We've given our in-depth review of Casimba Casino on the Lucky7Bonus website, so don't hesitate to check it out. 

Playfina Casino 

At Playfina Casino, you can play a wide variety of slots from their impressive selection of high-quality games to choose from. 

Gonzo’s Quest, Wanted Dead or a Wild, Mental, you’ll find your share of volatile games on this platform. Lovers of live games will also be delighted by the presence of one of the leading software providers in the iGaming industry: Evolution

In addition to this, newly registered members of Playfina Casino can benefit from an exclusive welcome offer

  • up to $1,470 + 600 Free Spins on your first 3 deposits! 

MyEmpire Casino 

8,500 games await you at MyEmpire Casino. We really like this gaming platform, especially because of its unique blend with a video game. 

The graphics are unique, as is the exceptional catalog of games on offer. From Pragmatic Play to Evolution, and even the original games available, you'll find plenty to choose from at this online casino. 

Additionally, lovers of free spins will be able to discover numerous high-quality games with the welcome package offered by MyEmpire Casino: 

  • up to $1,200 + 300 Free Spins valid on your first 4 deposits! 

What is volatility? 

Volatility is information that lets you know how the slot machine you're playing will return your money

This information is provided (not always) by the game supplier

Additionally, this term is used for all the games that are available to play at an online casino: 

It's important to understand that volatility and RTP are two different things

Volatility lets you understand how a slot machine is supposed to return your money (hit, bonus, max win, etc.). 

RTP, on the other hand, lets you know how much a game is supposed to give you back in real money over the long term

Understanding slot machine volatility 

Volatility on a slot machine is easier to understand than that on a live game. As you're about to read, there are three different volatilities

Each has its own specificity, which we'll let you discover in the following lines. 

Knowing the volatility of a slot machine 

Depending on the game supplier in question, it will be more or less easy to find out the volatility of a slot machine game. Some providers, such as Pragmatic Play, Hacksaw Gaming, and Nolimit City, include this information in the following manner: 

  • Directly on the slot machines 

  • Directly on the site page 

The volatility is often represented by filled symbols, which are counted in 5's. The more filled symbols, the more volatile the game, and vice versa.

Volatility by game supplier

Some game providers, however, such as Play'n GO or Big Time Gaming, don't offer this information. We deeply regret this, because knowing the volatility of a game is a very important aspect that every software developer should provide. 

Which volatility to choose? 

Depending on the way you choose to play, you'll need to choose a different volatility

If you're an aggressive player, searching for a jackpot at any price, it would be wise to turn to highly volatile games

On the other hand, if you want to win regularly, but aren't interested in a jackpot, then low-volatility games are for you. 

There are also intermediate games, which are the perfect mix between low and high volatility. With these games, you'll win more regularly than when playing a low-volatility game, but your winnings will also be smaller in comparison. 

What influence does volatility have on earnings? 

Volatility has absolutely no influence on winnings. All slot machine spins are provided by a Random Number Generator (RNG)

This means that each spin is independent of the next and does not take into account external factors (RTP, volatility, previous wins, etc.). 

However, volatility can help you understand how a game will return your money

A low-volatility game will give you your money back fairly regularly, with small winnings. A highly volatile game, on the other hand, may take a lot of your money over several spins, and then, potentially, suddenly enable you to hit the jackpot

Different volatilities in the online casino world 

There are three different volatilities in slot machines. 

To give you an idea, let's put a figure on volatility from 1 to 5. 

  • Highly volatile slot machines are between 4 and 5 

  • Slot machines with medium volatility range from 2.5 to 4 

  • Slots with very low volatility are between 1 and 2.5 

Three highly volatile slot machines 

San Quentin (Nolimit City) 

San Quentin is one of the most volatile slot machines in existence. This Nolimit City creation allows you to win up to 150,000 times your initial bet. It boasts an RTP of 96.03%, which puts it in the middle of the market. 

The base game is highly volatile, but it's the free games that can take you to unexpected heights. 

Gates of Olympus (Pragmatic Play) 

Gates of Olympus, a slot machine by Pragmatic Play that is available on Millionz Casino, is highly appreciated for its explosive volatility. 

The advantage of this game is that you can win the maximum payout during free spins, as well as during pay spins. 

A maximum payout of 5,000 times your initial stake awaits you on this unique game. 

If you don't have the patience for the free spins, rest assured because you can buy them for 100 times your initial stake. 

Wanted Dead or a Wild (Hacksaw Gaming) 

Extreme volatility is synonymous with Wanted Dead or a Wild

This Hacksaw Gaming creation is the game provider's most volatile. Its strength lies in its maximum payout of 12,500 times your initial stake. 

In the base game or during your free games, you'll be able to potentially win it. 

With three different bonus games, there's plenty to keep you entertained. 

In addition to this, if you're not patient, you can buy them directly. 

Three moderately volatile slot machines 

Sweet Bonanza (Pragmatic Play) 

Sweet Bonanza is the most-played medium-volatility slot that is available on the iGaming market. The base game pays out fairly regularly, and the free games can be very generous

The maximum payout is capped at 21,100 times your initial stake. But it's impossible to win. 

Additionally, this popular slot machine game allows you to buy bonuses for 100 times your initial stake.  

Snake Arena (Relax Gaming) 

Snake Arena is a great creation from Relax Gaming. With a maximum payout of 2,758.8 times your initial stake, you'll potentially be able to walk away with a lot of money. 

We also like the 96.25% theoretical Return to Player (RTP). The basic gameplay of this slot is pleasant enough, but the free games will take you on a new adventure.

Golden Colts (Play'n GO) 

Golden Colts is a slot machine we really like for its bonus hunts

When playing this slot, bonus games are easy to obtain, and nice little winnings can be pocketed. Like in all Play'n GO slots, you won't be able to buy any free games here. 

During the base game, the slot machine will give you money back fairly regularly

Three low-volatility slot machines 

Wild North (Play'n GO) 

Wild North is a Play'n GO game that is very popular with players looking for bonuses. When playing this slot, it is possible to obtain one on a fairly regular basis

However, it's important to understand that you'll have virtually no chance of winning large sums of money on this game. 

We love to play it when we have a wager, as it pays out very regularly

The Catfather Part II 

Yes, Pragmatic Play knows how to make very low-volatility slot machines. The Catfather Part II is one of them. 

We love playing this game because its base game pays out very regularly

Keep in mind that free games can't be bought with this slot, which is a rarity with this game provider. 

This slot machine is also a game that will aid you greatly in attempting to close your wager. 

Royal Cash (iSoftBet) 

Royal Cash is a slot machine that's not at all volatile

This iSoftBet creation isn't very well known, but we play it regularly when we're out and about. 

It's a game where you can regularly win small amounts of money, which is always a good thing. 

Our conclusion on online casino volatility  

Volatility is a very easy concept to understand. It has a direct influence on your choice of games. This information is vital to know, as it will help you understand how a game will return your money

The more volatile it is, the less likely you'll win on a regular basis, but, when this is the case, the wins that you land can also be quite massive

On the other hand, a game with very little volatility will give you money back regularly, but you'll have virtually no chance of hitting the jackpot

You can find out the volatility of a game directly on the slot machine. But be careful, as not all game suppliers make it a habit of sharing this information. 

About the authorMelanie Cazenave
63 articles
✅ Reviewed by Head of Content
Expertise :
A specialist in online casinos, she also loves proofreading. With her, it's impossible for mistakes to slip through the cracks. A true lover of letters, she binds articles and retouches them to make them as perfect as possible.

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